Job description
Commercial Loan Underwriter 2 Job Summary
The Commercial Loan Underwriter 2 is responsible for gathering, analyzing and verifying financial status and general business information pertaining to existing customer and prospective loan requests with moderate supervision. This job performs financial analyses needed to make credit decisions, including: providing input to loan decision process, recommending credit solutions that add value to the Customer, and supporting the bank commercial lending team. Prepares annual portfolio reviews, reports, and other activities of the credit function for Westfield Bank.
Essential Functions (primary functions and/or reasons the job exists in order of importance)
- Gathers, analyzes, and verifies financial status and general business information pertaining to existing customer and prospective loan requests. Investigates and verifies financial status and creditworthiness of customers applying for credit.
- Performs financial analyses by reviewing and evaluating applications, analyzing financial information, substantiating data, and formulating recommendations in order to determine credit validity. Prepares financial statement spreads, risk rating, cash flow, covenant compliance testing, collateral analyses, credit presentation document, etc. for approval. Contacts borrowers to request current financial information if necessary.
- Analyzes various data to efficiently and effectively reach conclusion on degree of risk associated with extension of credit. Validates appropriate risk rating.
- Typically analyzes new money requests up to $5.0 million in aggregate debt.
- Typically analyzes line of credit renewals up to $5.0 million in aggregate debt.
- Prepares annual portfolio review, reports, and other activities of the credit function. Proactively reviews portfolio for line of credit renewals and future maturities.
- Organizes necessary documentation to substantiate findings and presents recommendation for rejection or approval of requests.
- May accompany lenders on customer visits or contact borrowers and CPA’s during underwriting process for information.
- Prepares and reviews periodic reports in a timely manner to be distributed to Bank directors and officers, as assigned by supervisor.
- Demonstrates working knowledge and adherence to Bank credit policies.
- Maintains measurements, reporting, and other activities to ensure policies, procedures, marketing materials, and staff are in compliance with all state and federal laws (such as the Fair Credit Reporting Act, Truth in Lending Act, etc.), OCC regulations, etc.
- Maintains and supports programs, systems, and software associated with lending function.
- Maintains awareness, understanding, and compliance with the Bank's internal policies and procedures, laws, and regulations appropriate for this position.
- Provides assistance in response to regulatory and internal/external audit requests.
- Travels as needed in order to perform other essential functions.
Desired Qualifications/Experience/Certification/Education (in order of importance)
- 3+ years experience in a commercial credit function for a financial services organization.
- Working knowledge and demonstrated experience in analyzing financial information (tax returns, financial statements, etc.) and credit scoring tools/methodologies.
- Strong oral, written and interpersonal skills resulting in the ability to interact with all levels of bank personnel and external contacts.
- Bachelor’s degree in Accounting, Finance, Statistics, Business or commensurate experience.
- Ability to work with confidential information.
- Experience with Microsoft Windows and Office (Excel, Word) or other transferable software packages.
- Strong customer service orientation, attention to detail, and adaptability to various situations.
- Valid driver’s license and a driving record that conforms to company policy.
Physical Requirements (specific to the role)
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job.
- Ability to work effectively in an office environment for 40+ hours per week (including sitting, standing, and working on a computer for extended periods of time).
- Ability to communicate effectively in a collaborative work environment utilizing various technologies such as: telephone, computer, web, voice, teleconferencing, email, etc.
- Ability to travel as required.
- Ability to operate an automobile within the parameters of the driving policy.
This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.
We are an equal opportunity employer/minority/female/disability/protected veteran.
colinoncars.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, colinoncars.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, colinoncars.com is the ideal place to find your next job.