Sr. Commercial Loan Underwriter

Description

Job Title:  Sr. Commercial Loan Underwriter

At Premier America Credit Union, our Core Purpose is to serve our members by making it easier to meet today’s needs and reach tomorrow’s dreams. Talented team members succeed in our organization by demonstrating a commitment to our shared values of accountability, friendliness and respect, a passion for delivering great service, giving back to our communities, and pursuing personal growth. Come grow with us and be part of growth and the Premier America family!

Overview: 

The Sr. Commercial Loan Underwriter position is responsible for supporting business lending underwriting programs offered by the Credit Union. The Sr. Underwriter reviews and recommends decisions for business loans, while keeping the overall well-being of the credit union in mind by reducing exposure and potential risk. The underwriter possesses overall business lending knowledge and is a senior position in the Commercial Lending department.

What You Will Do: 

• Analyze and underwrite C&I (Commercial and Industrial) loans as well as owner-occupied commercial real estate loans with emphasis on operating company’s financials.
• Ability to determine appropriate financing needs of the applicant/borrower business and recommend appropriate loan products to facilitate the needs. Calculate and recommend appropriate financing amount based on borrowing business’ financials.
• Able to determine appropriate loan structure on given loan requests to ensure proper collateral and accountable parties are secured to the loan. Also be able to make appropriate loan conditions for sound accountability to the loan from the borrower(s) and guarantor(s).
• Draft loan presentations for new credit proposals.
• Identify and close service gaps.
• Make recommendations for changes to improve underwriting quality, product design, and pricing and collection practices.
• Support annual review of all MBL’s.
• Obtain necessary approvals and generate LOI.
• Perform assessment of proposed deal to ensure structure, collateral and borrower strength is within Credit Union guidelines.
• In-depth review and analysis of financial statement, tax returns and income stream cash flows, financial and repayment analysis with a focus on cash flow, liquidity, leverage, and debt service coverage to identify key risks.
• Review loan terms, borrower and collateral risk, generate risk rating and determine appropriate recommendation while complying with Credit Union board policy and departmental guidelines.
• Review new loan request to issue a Letter of Intents.
• Review and analyze appraisals, environmental, and other third-party reports to identify risk areas and recommend mitigating solutions.
• Review and underwrite Member Business Commercial Loans, including Real Estate, income producing properties.
• Interpret and analyze financial information from multiple sources, including reporting services, credit bureaus and other industry data sources to make informed underwriting decisions.
• Review and analyze information including leases and the corresponding risks, rent rolls and management experience to determine impact on credit underwriting.
• Assumes responsibility for supporting business lending underwriting programs offered by the Credit Union.
• Training junior commercial underwriters and other team members within the department.
• Make appropriate credit determinations on loan application prospects in the absence of Director of Commercial Lending or VP of Commercial Lending.
• Assist in the production of monthly and quarterly reports identifying key metrics such as loan performance, trends, risk ratings, etc.

Requirements

What We Are Looking For: 

• Minimum of five (5) years of experience in a related position with full knowledge of complex commercial and business loan underwriting and analysis.
• BA/BS Degree in Business, Accounting, Finance or other related discipline preferred.
• Demonstrated knowledge of NCUA Part 723, Member Business Loans. 
• Broad knowledge of financial statement analysis, general accounting, cash fkows and mortgage interest calculations.  
• Strong analytical, critical thinking and problem-solving skills; including ability to research questions, analyze data, compile results, recommend solutions and effectively communicate information to a variety of levels. 
• Effective oral and written communication skills including in person, via phone and email; effectively communicate with all levels of staff, borrowers, vendors etc.
• Strong attention to detail and organizational skills. 
• Ability to plan effectively and