Overview
A reputable financial institution is seeking a Commercial Loan Underwriter to join their lending team. This role focuses on evaluating and assessing loan requests related to commercial real estate and industrial transactions. The underwriter will conduct detailed financial analyses, review collateral documentation, and make informed recommendations regarding loan approvals or declines. This position plays a key role in risk management and credit quality assurance, ensuring loan requests comply with policies, regulatory requirements, and strategic objectives.
Responsibilities
- Prescreen and underwrite loan requests for commercial real estate and industrial transactions.
- Analyze financial statements, tax returns, lease agreements, rent rolls, and operating statements.
- Recommend loan approval, structuring, or decline based on financial and collateral evaluations.
- Review collateral documentation including title reports, appraisals, environmental assessments, and physical condition reports.
- Assess location, physical condition, economic viability, and management quality of collateral properties.
- Analyze receivables, inventory reports, equipment valuations, and other documentation for industrial and commercial loans.
- Monitor ongoing covenant compliance, borrowing bases, and asset-based line of credit draws.
- Review organizational documents, credit reports, and other relevant information to support credit analysis.
- Develop comprehensive credit workbooks including household summaries, transaction explanations, cash flow analyses, and credit recommendations.
- Conduct periodic reviews of existing loans and relationships to ensure compliance with policies and risk management standards.
- Assist loan officers in collecting updated financial documentation for new and existing loans.
- Ensure compliance with applicable laws, regulations, policies, and guidelines.
- Perform additional duties as assigned to support lending operations.
Requirements
- Bachelor’s degree in Finance, Economics, Business Administration, or related field; equivalent experience may be considered.
- Minimum of 3 years of experience in commercial loan underwriting with a proven track record.
- Strong knowledge of financial statements, tax returns, and cash flow analysis.
- Experience reviewing collateral documentation such as appraisals, environmental reports, and title reports.
- Proficiency in MS Office applications, especially Word, Excel, and Outlook.
- Excellent written and verbal communication skills.
- Ability to work independently, prioritize tasks, and meet deadlines under pressure.
- Knowledge of banking regulations, credit policies, and risk management practices.
Preferred Skills and Experience
- Financial Analysis
- Credit Analysis
- Loan Underwriting
- Risk Management
- Collateral Management
- Commercial Banking
Compensation & Benefits
The organization offers a competitive benefits package including:
- Health insurance options
- Dental and vision coverage
- Retirement plans
- Paid time off
- Professional development opportunities
- Access to training programs and wellness initiatives
- Employee recognition programs
Location
Not specified.