Commercial Services Underwriter

Responsibilities

• Adheres to the Credit Union's core values and Service Standards in carrying out GreenState's mission and vision.
• Demonstrates teamwork in all interactions with co-workers and in the completion of all duties and responsibilities.
• Provides the highest level of internal and external customer service.
• Ensures confidentiality of member information.
• Plays a vital role by participating in community service organizations and/or credit union sponsored events, on an annual basis.
• Adheres to all state, federal and credit union regulations, policies and guidelines.
• Spreads and analyzes audited, reviewed and company prepared financials in addition to corporate and personal tax returns and personal financial statements.
• Analyzes financial information such as balance sheets, income and cash flow statements, pro-formas, and periodic financial reporting of all types.
• Prepares cash flow charts, test covenants, and determine collateral coverage position.
• Prepares credit proposal narratives for approval.
• Outlines the risks and mitigating factors of a credit facility based upon an analysis of business and personal financial statements, collateral, global cash flow, economic and industry factors, debt service capacity, loan grades, and projected outlook.
• Presents analytical findings in a complete and concise underwriting narrative document.
• Performs loan and portfolio level stress testing of financial results, collateral and credit variables.
• Stays abreast of regulatory, policy and procedural requirements to ensure compliance throughout the underwriting and credit administration processes.
• Stays abreast of market conditions as it relates to assessing risk in credit transactions.
• Ensures loans are documented according to commitments and approvals through pre-closing review of loan transaction documents.
• Recommends supportable risk ratings for new loans and the renewal of existing commercial credit facilities to manage borrower and portfolio risk in a manner consistent with the Credit Unions credit philosophy.
• Develops and presents analysis of risk for new loan originations and renewals/modifications to respective loan approver(s) with recommendation.
• Analyzes current financial/collateral information on existing loans for the purpose of conducting periodic reviews to determine the ongoing credit worthiness of the credit facility/relationship, and documents the review in the standard Annual Review format or file memo, consistent with policy requirements.
• Identifies emerging risk issues and trends.
• Maintains credit files in accordance with guidelines, works with Commercial Lenders and Credit Analysts to insure that all necessary documentation is in the file.
• Researches and responds to internal (co-worker) and external (member or authorized third party) requests for financial information on commercial members.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, or Economics with a strong basis in financial accounting.
• Minimum of three years of experience in traditional C&I, Commercial Construction, and Commercial Mortgage loan structures, covenants and documentation.
• Ability to coordinate and prioritize assignments and organize work efficiently.
• Good time management skills required to manage multiple assignments, meet deadlines, and work efficiently in a time sensitive environment.
• Ability to work independently and as part of a team.
• Excellent figure aptitude, with accuracy and attention to detail required.
• Knowledge of procedures, forms and regulations as they relate to commercial lending.
• Ability to deal tactfully and efficiently with members and co-workers on a professional level.
• Strong business writing and communication skills.
• Good analytical and decision-making skills.
• Well-developed credit analysis and analytical skills supported by formal credit and cash flow training.
• Proficiency in a wide variety of personal computer software programs, including the Microsoft Office application suite.
• Ability, availability and willingness to work additional hours as dictated by the workload.
• Strong analytical skills with excellent verbal, written and interpersonal communication skills.
• Self-directed nature, ability to work independent of supervision, and ability to follow directions.
• Maturity and discretion to handle confidential information and safeguard members’ funds.
• Must be bondable.