Commercial Underwriter II

Under the direction of the manager this position is responsible for underwriting, reviewing, analyzing, and understanding business financial performance as part of the commercial loan origination and underwriting process.  It spreads, assembles, and accurately analyzes borrower financials.  It generates analysis summaries that can be applied to loan underwriting.  Effectively communicates findings to relevant parties.

Provides in-depth analysis and underwriting of business, commercial and industrial loan applications. Provides in-depth analysis and review of existing commercial loans. Identifies needs of existing business membership and communicates future opportunities. Provides high quality and professional service to business members. Supports credit union departments and branches. Works with staff to improve operations. Ensures the accuracy of commercial loan applications submitted for committee approval.

1. Maintaining the underwriting, analysis and evaluation of commercial loan applications per credit union policy, procedure, and industry standards

a. Spreads financial information of new loan applications to provide sufficient understanding of the borrower’s financial position, managerial strategy, and expected financial performance.
b. Analyzes financial statements and formulates questions about borrowers and guarantors to understand borrowing position and risk.
c. Tests presumed collateral value and performance utilizing the income capitalization and other relevant methods.
d. Provides brief written analysis for the preflight screening of all new loan originations. This includes but is not limited to the analysis of: management, financial statements, and collateral. Identifies key risk to repayment sources and provides mitigants.
e. Provides written analysis for the credit presentation to senior management, ALM, and those with credit approval authority.
f. Assists with opening new business accounts for new loans.

2. Supporting the management and monitoring of the commercial loan portfolio

a. Works with team to collect required financial reporting from existing borrowers.
b. Regularly reviews loan portfolio for potential delinquencies and upcoming maturing loans and works with commercial loan officer to resolve these in a timely manner.
c. Analyzes financial statements of existing borrowers to provide sufficient understanding of the borrower’s current financial position, current financial performance, and strategic performance.
d. Measures borrower compliance with loan contract covenants.
e. Updates loan risk grades using the commercial loan grading risk model.
f. Compiles all the above information in a summary annual review of the findings, which is reported to management on an annual or quarterly basis.

3. Establishing and maintaining effective coordination and communication with credit union personnel and with management.

a. Assists all other employees in operational duties as needed. Informs departments and branches as needed.
b. Completes required reports, records and other documentation.
c. Attends and participates in meetings and trainings as required.
d. Keeps management informed of area activities. Immediately reports any significant problems or concerns.

4. Other related duties as required or assigned.

a. Stays informed regarding local and national economic conditions. Monitors legal and regulatory changes.
b. Ensures proper maintenance, cleanliness, and security of work area. Ensures member confidentiality.
c. Accountable to review and respond to policy violations and document rejects in a timely manner.
d. Completes special projects and other duties as assigned.

Training/Education/Certification:

• Bachelor’s Degree in Business or related field or equivalent combination of formal training and experience

Preferred Training/Education/Certification:

• Current Certified Lending Authority
• Business Lending Certified Authority
• Professional business lending training, which could include but not limited to:
• CUES Business Lending 1, 2, 3
• Pacific Coast Banking School
• Shockproof
• Moody’s
• Omega
• RMA

Required Knowledge:

• Thorough knowledge of Credit Union products, services, policies, and procedures including but not limited to: consumer and residential lending practices.
• Understanding of accounting functions, financial statements, and GAAP requirements
• Understanding of business lending functions
• Understanding of credit worthiness
• Understanding of training and development processes
• Understanding of MS Office software applications.

 Experience Required:

• Minimum of 5+ years of progressive credit union experience, preferably in areas where accounting, underwriting, and financial analysis skills were demonstrated.
• Minimum of 3+ years of directly related commercial and business underwriting experience.
• Experience reading, dissecting, and interpreting financial statements required.

Preferred Experience:

• Minimum of 5+ years of progressive business or commercial lending experience.
• Experience underwriting business credit, identifying risk, and mitigating risk.
• Experience underwriting complex deal structures with multiple entities, guarantors, and sources of cash flow.

Skills/Abilities:

• Excellent communication and interpersonal abilities. 
• Excellent phone skills and professional phone etiquette.
• Excellent problem-solving, analysis, and financial skills.
• Strong ability to prioritize tasks and assignments. Highly organized and attentive to detail. 
• Highly motivated and able to motivate others.
• Willing to cooperate with and assist others.
• Able to use PC, printer, phones, fax, and business equipment.
• Able to operate required computer applications and software.
• Able to analyze loan documents, financial statements, and other borrower information.
• Able to achieve goals.