Commercial Underwriter III - Central or Coastal, FL

About the role

Commercial Underwriters support the revenue growth and asset quality of the commercial lending line of business by participating in new client relationship development activities, functioning as part of the lending partnership, monitoring existing client relationships, and managing credit risk to ensure that loans are quality assets and well-structured to mitigate portfolio risk. Underwriters utilize strong analytical skills, a high-level understanding of business finance, and extensive knowledge to propose and provide solutions to meet customer needs.

Responsibilities

• Analyze financial information on existing and potential customers to assess the borrower’s and guarantor’s financial condition and ability to repay a loan request, perform periodic or annual reviews and covenant tests, or loan modifications.
• Investigate all available sources of credit and financial information, including reporting services, credit bureaus, and trade references.
• Understand the market(s) and industry in which the customer operates.
• Assess the collateral pledged as security.
• Meet with and/or call borrowers and accountants.
• Prepare and present financial information, industry data, economic influences, and other market information in the required format, analyzing trends, ratios, cash flow, etc.
• Prepare analytical credit memoranda that are accurate and insightful, identifying and examining all risks, analyzing sources of repayment, citing policy exceptions, and evaluating collateral.
• Maintain a thorough understanding of the credit culture and loan policy to inform, articulate, and advise on risk appetite and policy adherence, including exceptions.
• Handle all loan types, including complex borrowers, with minimal direction, and negotiate structure with Commercial Bankers on underwriting assignments.
• Ensure loan agreements are complete and accurate according to loan approval.
• Support timely loan closing and funding activities.
• Manage the loan portfolio to ensure conformity and servicing with approved terms and compliance with all loan documents.
• Proactively identify weaknesses in loans to minimize the bank’s exposure, reduce credit risk, and mitigate delinquency and loss.
• Monitor borrowers’ compliance with loan documents, obtain and review required documentation, track covenant compliance, and perform periodic borrower reviews.
• Assist the Special Assets Department in managing problem loans, supervising Watch Loan plan execution, administering non-accruals, and minimizing charge-offs.
• Remain current on market and industry issues, trends, regulatory pronouncements, and analytical techniques.
• Exercise time management and organizational skills.
• Assist other Underwriters to cover overflow.
• Adhere to Seacoast Bank’s Code of Conduct.

Requirements

• A bachelor’s degree (BS or BA) or higher from a four-year accredited institution, with a major in finance, accounting, or business preferred.
• Minimum of ten years of relevant experience with commercial credit analysis, commercial lending, loan structuring, finance, underwriting, and portfolio management or equivalent.
• Competence may be demonstrated through work experience, training, military experience, and/or education.
• Formal commercial credit training preferred.
• Ability to develop and sustain analytic and risk management skills while actively participating in the successful execution of complex transactions.
• Ability to apply sound judgment in the application of analytical conclusions to credit approval, loan structure, and management recommendations.
• Familiarity with various industries and commercial property types.
• Experience evaluating economic and market conditions in the markets or lines of business served.
• Experience analyzing collateral and collateral valuation.
• Knowledge of policies, procedures, and operations of commercial lending, including originations, underwriting, documentation, and credit risk analysis.

Location: Central or Coastal, FL