CRE Underwriter

About the Role

Underwrites and provides recommendations on traditional commercial loan requests in accordance with MACU and NCUA rules and regulations; participates in team administration functions and all aspects of the CRE lending cycle.

Responsibilities

• Underwrites traditional commercial loans; prepares credit presentations, documenting credit analyses and recommendation for credit decision to approving authority.
• Prepares timely, concise and accurate credit recommendations with supervision, including:
  • Quantitative components within the underwriting narrative.
  • Accurate use of risk rating scoring matrix, both quantitative and qualitative rating elements, to ensure loans are properly risk-rated.
  • Accurate identification and mitigation of risk, including all policy exceptions, procedures and compliance regulations.
• Has a general understanding of underwriting processes per MACU standards.
• Demonstrates good written communication relating to credit presentations, addendums and other related forms of written communication.
• Analyzes repayment ability including business and personal cash flow.
• Performs financial ratio analysis comparative to industry standards.
• Performs financial stress testing analysis.
• Reviews and interprets personal and, as applicable, business credit reports.
• Prepares commitment letters.
• Reviews professional commercial real estate appraisals and associated third party reviews.
• Reviews professional environmental reports and assesses environmental risk.
• Analyzes commercial leases and/or rent rolls.
• Assists with satisfying loan closing requirements.
• Reviews annual financials on existing loans and analyzes the risks associated with the borrower's financial condition, recommending risk-rating changes where appropriate.
• Ensures regular communication through the origination process with loan officers, management and team members.
• Supports team members to ensure excellent member service both internally and externally.
• Manages up to three loan requests at a given time.
• Works together with team members to accomplish monthly, quarterly and annual goals.
• Maintains working knowledge of MACU policies and procedures, adhering to industry lending regulations.
• Performs other duties as assigned.

Requirements

• One to two years lending experience in a progressive financial setting, working in a commercial setting preferred.
• Two-year degree from an accredited institution in business, finance, economics or related field or equivalent related lending/financial experience. Education will be verified.

Skills

• Experience with financial reporting or tax analysis software preferred.
• Intermediate skills with Microsoft Office Suite including Outlook, Word, and Excel.
• Ability to clearly express ideas, methodology, results and recommendations verbally, in writing and through insightful reports and graphic illustrations.
• Ability to present information in a manner appropriate for key stakeholders and all levels of the organization.
• Strong writing and grammatical skills relating to preparing credit memos, addendums, memorandums, and all forms of written communication.
• Unquestioned personal and professional integrity.
• Ability to work both autonomously and collaboratively in a fast-paced environment.
• Self-starter with strong organizing and time management skills and the ability to work productively and efficiently in a fast-paced environment with multiple projects and timelines.
• Adaptive to change, responds positively to altered circumstances or conditions.
• Possess a desire and willingness to learn and continually update knowledge base on financial concepts, strategies, systems etc.
• Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies.
• Data analytics and data validation skills and proficiency in business data analysis (MS Excel, etc.).

Physical Abilities / Working Conditions

Physical Demands

• Ability to sit, talk and hear consistently.
• Ability to stand, walk, and use hands to handle or reach occasionally.
• Close vision (clear vision at 20 inches or less).
• Distance vision (clear vision at 20 feet or more).
• Ability to lift up to 10 pounds occasionally.

Environmental

• No unusual environmental factors (such as a typical office).
• Moderate noise (business office with computers and printers, light traffic).