Commercial Credit Underwriter

Overview

This role supports the organization’s lending and credit decision processes through financial and credit analysis, loan file review, and preparation of credit memoranda for internal review.

Responsibilities

• Conduct financial and/or credit analyses in compliance with internal regulations.
• Perform an initial review of incoming loan packages by assessing creditworthiness and compliance.
• Analyze loan files and review loan documents for completeness.
• Analyze financial statements to identify operating trends and assess business viability.
• Review tax returns and additional credit information to evaluate borrower/guarantor net worth and potential.
• Prepare detailed analyses of historical property operations to support decisions about future performance.
• Prepare preliminary and final credit memoranda for presentation to the Credit Committee.
• Research and investigate applicable industry and market data/trends.
• Coordinate and incorporate third-party reports into the credit analysis.
• Project loan-level cash flows based on potential resolution outcomes.
• Provide complete credit memos with accurate and thorough credit analysis of loan applicants.
• Analyze applicants’ business operations, historical cash flow, balance sheet and financial condition, management structure, collateral, and projections; compare these elements to RMA.
• Prepare approval letters.
• Participate in mandatory Community Reinvestment Act (CRA) activities and initiatives, including community outreach, volunteer events, financial education programs, and related efforts as assigned.

Requirements

• Minimum of seven (7) years of experience underwriting ABL/Factoring transactions; strong understanding of cash flow.
• Formal bank Credit Training Program or RMA Credit Courses.
• Proficiency with Microsoft Office products (Word, Excel, etc.).
• Strong organizational skills.
• Strong verbal and written communication skills.
• Keen analytical and decision-making skills.
• Ability to establish and maintain effective working relationships internally and externally.

Compensation & Benefits

• Salary range: $80,000 to $130,000 annually.

Location

Across all 50 states.