Commercial Underwriter II

About the role

Build proficiency in underwriting, developing the ability to complete the underwriting process from beginning to end with limited oversight. As the associate progresses, they will underwrite increasingly complex commercial relationships to determine the creditworthiness of applicants within bank credit policies and guidelines. This role involves financial statement analysis, risk assessment, and strategic decision-making with guidance from the Associate Credit Officer and experienced underwriters.

Responsibilities

• Performs financial analysis and risk assessment for the commercial credit portfolio within Business Banking, Commercial & Industrial, Commercial Real Estate, or Specialty Commercial (Asset Based, Structured Cash Flow, and ESOP) business lines of the Bank, focusing on new business and larger or more complex renewal transactions.
• Reviews commercial loan applications and analyzes credit information to make a general assessment of applicant’s creditworthiness.
• Determines whether the proposed loan conforms to the Bank’s lending policy.
• Provides feedback to the Sales and Credit teams regarding the structure, underwriting, and management of loans.
• Maintains ongoing communication with management on the status of transactions.
• Works directly with relationship managers and portfolio managers during the underwriting process, including discussions with clients on credit and financial statement questions.
• Completes financial statement spreads and covenant testing for existing clients not assigned to a credit portfolio analyst.
• Prepares accurate Credit Memos for presentation to credit authorities for decision-making on new loan requests, renewals, loan modifications, and periodic credit reviews.
• Provides commentary within the credit memo to support credit requests or reviews.
• Assists in the management of workflow and assigned credits.
• Attends local and regional meetings.
• Meets all compliance requirements imposed by State and Federal law, including Bank Secrecy Act, Anti-Money Laundering, OFAC, and Suspicious Activity reporting.

Requirements

• Bachelor’s Degree, preferably in Accounting, Finance, Economics, or Business Administration.
• Three to five years of credit or Business Banking underwriting experience.
• Proficiency in mathematical concepts and their practical application.
• Knowledge of advanced accounting principles and techniques.
• Strong interpersonal and communication skills.
• Strong organizational skills with attention to detail, planning, and follow-up.
• Ability to work independently on multiple tasks without compromising quality.
• Proficient use of Microsoft Office and other internet resources.
• Team-oriented mindset.

Preferred Qualifications

• Master’s Degree in Business.

Skills

• Manages a broad range of commercial loan applications across various industries and risk factors.
• Understands intricate business operations, financial health, and industry-specific risks.
• Moderate to high level of independence in decision-making for underwriting commercial loan applications and assessing risk.

Physical Requirements

• Prolonged periods of desk work.
• Frequent use of computer, keyboard, phone, and office equipment.
• Occasional movement within the office or to other locations within the building.
• Occasionally lifts and carries light objects, typically up to 10-15 pounds.
• Occasionally reaches for items on shelves or in drawers.
• Clear and effective communication in person and over the phone.

Pay

$58,000/year to $78,000/year.

Benefits

Relevant, thoughtful benefits and programs that support every aspect of associates' holistic wellbeing. All roles are incentive eligible with the exception of Co-Op, Intern, or Student positions.