Senior Commercial Underwriter

Overview

This role is responsible for commercial credit activities and ensuring consistency with the organization’s MBL policy and commercial credit standards for commercial lending and 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 spreads of applicants’ financial statements and/or tax returns to support financial analysis.
• Handle higher-volume and more complex deals, including C&I and construction transactions.
  • Prepare detailed credit approval memos (CAMs) for review by the department AVP and the credit committee.
  • Ensure adherence to lending guidelines, including full 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 findings.
• Maintain and manage ownership of assigned loan files within the commercial credit pipeline, ensuring loans are decisioned and closed within expected timeframes.
• Correspond and collaborate with legal counsel, relationship managers, commercial operations specialists, commercial lending management, members, and prospective members as necessary while maintaining service standards.
• Assist the Commercial Capital Markets Manager by providing answers and documentation for participants’ requests for loan sales.
• Maintain underwriting files and review loan documentation prepared by legal counsel for accuracy and continued adherence to lending policies and procedures.
• Support internal and external audits by assisting with auditors’ questions and requests related to the commercial lending portfolio and underwriting practices.
• Assist the workout and portfolio teams for annual review and workout evaluation and proposals.
• Mentor and coach other underwriters or teammates.
• Assist in updating lending and underwriting policies, guidelines, and procedures to ensure 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: $106,391.00 - $127,669.00 annually.
• Comprehensive benefits package, including:
  • 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 and benefits may be available beyond the listed salary range.

Location

Flexible work options are available, including a remote setup.