The ideal candidate for the Commercial Business Banking Underwriter position will have the skills and experience necessary to:
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Responsible for compilation of data as it relates to preparation of credit packages (or pre-screens) incorporating spreads, cash flow, value of related collateral, appraisals, audits and other data.
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Interpret outcome of analysis and prepares summary, recommendations and may make joint presentations with Relationship Manager (RM) to Credit Approvers on renewals and new loans submitted.
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Evaluate, analyze and form opinions for the approving or denying of commercial, commercial RE, and/or business banking loan applications.
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Spread financial statements, identify credit strengths and weaknesses, provide detailed and documented analysis of credit worthiness.
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Ensure credit requests are processed in accordance with bank policies, banking regulations and laws.
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Identify risk and mitigating factors related to conducting a thorough credit analysis for approval.
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Respond to internal and external customer inquiries.
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Recommend exceptions based on findings.
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May work closely with Relationship Manager on the more complex aspects of loan structuring, including long term, fixed vs. variable rates, pre-payment penalty and other variables.
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May have authority to approve loans beyond the organization’s guidelines.
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Senior most level may function as a lead and be responsible for second level approvals.
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Other duties as assigned.
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Knowledge of Small Business Administration (SBA) Guarantee Loan Program experience preferred.
Qualifications:
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Requires a Bachelor's in Finance, Business, Accounting or a related field and 1+ year commercial, commercial real estate credit or small business underwriting, spread analysis, lending, underwriting concepts, practices and procedures or other directly related experience.
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A combination of education and experience may meet qualifications.
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Basic knowledge of commercial, commercial RE and/or small business credit underwriting, spread analysis, lending, underwriting concepts, practices and procedures.
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Basic knowledge of C&I and CRE loan requirements with the ability to identify risk and mitigating factors related to conducting a thorough credit analysis for approval. Knowledge of balance sheets, income and cash flow statements.
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Good understanding of commercial and/or small business lending policies and procedures and general banking laws and regulations.
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Ability to analysis and research financial statements, business plans, credit reports, debt ratios and loan to value information.
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Possess good judgment, ability to make sound decisions.
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Ability to accept responsibility and handle confidential information.
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Must have good customer relations and communication skills.
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Must be a self-starter, dependable, accurate in completing responsibilities with strong attention to detail and organizational skills.
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Working knowledge of various related software applications, including spreadsheets, word processing, etc.
Benefits:
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Medical, Dental and Vision Insurance - START DAY ONE!
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Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
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Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
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Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays
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401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
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Salary Range – Depending on experience
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Level II - $60,000 to $88,000
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Level III - $70,875 to $103,950
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Level IV - $85,500 to $125,400
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Mental health benefits including coaching and therapy sessions
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Tuition Reimbursement for qualifying employees
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Employee Ambassador preferred banking products
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Employees may, at the company’s discretion, be eligible to receive a cash bonus award
