Senior Commercial Underwriter

Overview

This role supports commercial lending underwriting activities, ensuring consistency with MBL policy and commercial credit standards for commercial lending and the commercial credit portfolio.

Flexible work options are available, including a remote setup.

Responsibilities

• Review and analyze commercial loan packages, including leases, rent rolls, tax returns, financial statements, credit reports, appraisal reports, and environmental reports.
• Assess market data and risk to determine creditworthiness and make sound credit decisions in accordance with lending policies and procedures.
• Prepare standardized spreadsheets of applicants’ financial statements and/or tax returns to support financial analysis of the borrower.
• Handle higher-volume and more complex deals, including C&I and construction transactions.
• Prepare detailed credit approval memos (CAMs) for review by department AVP and the credit committee, ensuring adherence to lending guidelines and including analysis of:
  • Property occupancy
  • Cash flow
  • Market outlook
  • Guarantor strength
  • Potential risks and mitigating factors
• Recommend risk ratings and/or credit restructuring based on underwriting-identified risks.
• Maintain and update the commercial credit pipeline, including loan file status updates.
• Take ownership of assigned files to ensure loans are decisioned and closed within expected timeframes.
• Collaborate with legal counsel, relationship managers, commercial operations specialists, commercial lending management, members, and prospective members as needed while maintaining service standards.
• Support the Commercial Capital Markets Manager by providing answers and documentation for loan sales participant requests.
• Maintain underwriting files; review loan documentation prepared by legal counsel to ensure accuracy and continued adherence to lending policies and procedures.
• Assist with internal and external audits of the commercial lending portfolio and underwriting practices by responding to auditors’ questions and requests.
• Support workout and portfolio teams for annual review, workout evaluation, and proposals.
• Mentor and coach other underwriters or teammates.
• Assist with updates to lending and underwriting policies, guidelines, and procedures to maintain compliance.

Requirements

• Bachelor’s Degree in Business/Finance.
• 5-9 years of experience.
• Strong analytical skills for documentation and evaluating owner occupied commercial real estate transactions and C&I.

Compensation & Benefits

• Estimated salary range: $106,391.00 - $127,669.00 annually.
• Benefits may include:
  • Medical, dental, and vision coverage
  • Life and disability insurance
  • Voluntary benefit programs
  • 401(k) plan with employer match
  • Reimbursement and wellness programs
  • Annual performance-based bonus
• Additional compensation & benefits may be available beyond the items listed.

Location

• Flexible work options available, including a remote setup.

Other Information

• #LI-Remote