Commercial Underwriter II chez None

The credit union is a values-driven organization. Our Core Values are at the center of everything we do and are the driving force behind our mission: We help people and communities prosper. 

1. Everyone Counts - We promote a diverse and fair workplace to better serve our Members, Team Members and Communities, fostering an environment of transparency, trust, and respect. 

2. Innovate Boldly – We dream big, challenge the status quo, move with agility, and embrace data-driven decisions. We listen and continuously make the impossible possible. 

3. Embrace the Fun! – We take joy in our work by welcoming kindness, integrity, and authenticity. 

4. Own It – Valley Strong is ours to grow. We hold ourselves accountable to doing our best work every day and are empowered to do what’s right. 

Member Business Services

The Commercial Underwriter ll underwrites commercial business, real estate, and SBA 504 loan requests. The underwriter will analyze financial information including business and personal tax returns, complete a credit presentation clearly outlining the loan request, provides information regarding the Borrower, collateral pledged and financial health of the business, it’s related entities and owners, and may recommend alternative loan structures. Analyzes commercial loan applications and renewals and determines credit worthiness and appropriate grading for consideration of the loan request. The Commercial Underwriter works closely with the Business Banker and Business Loan Administrator through the loan process to ensure a timely and favorable Member experience

• Analyzes commercial loan applications received by Business Bankers to determine eligibility of request. Provides prompt turnaround time upon request. Confers with Business Banker and Director of Business Lending, if applicable, to determine Member needs and discuss options for borrowers. Requests any additional information needed to complete processing and periodically attends client meetings to provide credit expertise. Recommends credit approval requirements including the establishment of financial performance covenants, monitoring requirements, and other loan provisions and ensures accurate grading of new and existing credits based on analysis.

• Coordinates the credit approval process, evaluates repayment, and mitigates risk.

• Analyzes key factors such as industry, management, and economic trends.

• Assures the Member’s loan request is processed accurately and timely. Coordinates with the Business Loan Administrator during the underwriting process

• Orders business credit reports and personal credit reports on business principals.

• Assists Business Bankers as needed in the preparation of Interim Credit Reports and Real Estate Update Memos.

• Maintains a current understanding of Credit Union’s underwriting guidelines, procedures, policies and compliance issues. Maintains a working knowledge of regulatory requirements for documentation and regulations relating to commercial lending.

• Maintains a current understanding of Credit Union’s policies and procedures in compliance with all federal and state laws, including but not limited to Bank Secrecy Act (SARs, CIP, OFAC), Information Security (GLBA), Identity Theft Red Flags, Financial Elder Abuse Reporting, and any other applicable regulations that may be specific to your job duties.

• Inputs application and financial information.

• May be asked to attend formal or informal training.

• Assists Director of Business Lending in the development and completion of special projects, spreadsheets, graphs, and reports as assigned

• Performs other duties as assigned. 

Min/Preferred

Education Level

Description

Preferred

4 Year / Bachelor's Degree

Or 3 years of proven experience in a small business/commercial lending environment. 

Minimum Years of Experience

Comments

3

Must have experience in small business/commercial lending and credit analysis. Have a thorough understanding of commercial financial statements and ability to communicate with commercial business owners. Must be able to analyze financial information, prepare cash flow and ratio analysis. Have experience in loan recommendations and provide a concise credit presentation. Experience in statistical portfolio management. Possess leadership abilities in a team environment and provide project leadership. Provides guidance to the Commercial Underwriter I when appropriate and recommend appropriate loan structure.

Ability to read and comprehend instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to Members and other Team Members at the organization.

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute dividends and interest.

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written or oral form.

The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The Team Member occasionally must lift and/or move up to 10 pounds. Ability to stand for long periods of time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Must be able to process transactions in an efficient manner. Must be able to communicate policies and procedures to Members in an easily understood and professional manner.

Must comply with all Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) laws and regulations, as they pertain to federal guidelines and internal policies and procedures.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills, or working conditions.