Senior Commercial Loan Underwriter

TITLE: SR. COMMERCIAL LOAN UNDERWRITER   

STATUS: NON-EXEMPT

DEPARTMENT:  BUSINESS SERVICES

DATE: 12/2022

REPORTS TO: DIRECTOR, BUSINESS LENDING     

JOB CODE:  11230

PAY SCALE: $52.71 - $70.00 HOURLY 

GENERAL DESCRIPTION:

Responsible for the evaluation of commercial loan applications to determine credit risks have been appropriately identified and mitigated, in compliance with applicable state and federal regulations, and credit union standards. Review and analyze submitted loans for capacity, capital, character, and condition while upholding fair lending practices. This includes ensuring that loan requests meet program and product specifications or counteroffer to a product and/or program when appropriate. Communicate well supported recommendation (approval, counteroffer, suspense, denial) to applicable approver within the department. 

TASKS, DUTIES, FUNCTIONS:

• Underwrite commercial and industrial, commercial real estate, and small business loan requests and generate approval memorandums adhering to Credit Union policy and procedures.
• Enter financial figures into appropriate programs to generate ratios and examine data to determine credit worthiness. Compare items such as liquidity and profitability with other companies of same industry, size, and geographic location for commercial customers.
• Coordinate with Commercial Loan Officers with the loan process by analyzing the current credit and financial information of individuals or firms (e.g., credit reports, tax returns, financial statements, etc.) to determine the degree of risk involved in extending credit.
• Use independent judgment to identify risks and mitigants, prepare offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength, and financial worthiness of loan/transaction parties. If relevant, performs ongoing credit risk management for assigned portfolio.
• Uphold a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.   
• Ability to analyze tax returns, credit and appraisal reports, fraud detection and other property or income related reports and documentation to ensure that information meets agency and credit union requirements.
• Organize and prioritize daily workload to ensure compliance to credit union policy, procedures, and established turnaround times.
• Cross Train to support other underwriting and credit analyst positions as needed.
• Interact with management to implement procedures to prioritize work within the underwriting and processing area as volume dictates.
• Evaluate Commercial Loan Guidelines to ensure they are aligned with the risk appetite of Golden 1 Credit Union as evidenced by the portfolio’s performance.
• Ability to execute independent judgement on key decisions impacting the business lending unit.
• Support supervisor or manager with training of staff members.
• Performs other duties as assigned.

PHYSICAL SKILLS, ABILITIES, AND EXERTION UTILIZED IN THE PERFORMANCE OF THESE TASKS:

Effective oral and written communication skills required to interact with members, staff, vendors, servicers, and various regulatory agencies.

Must possess sufficient manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment, such as financial calculators, personal computer, facsimile machine, and telephone.

ORGANIZATIONAL CONTACTS & RELATIONSHIPS:

INTERNAL:  All levels of Staff/Management/Members/Third Parties.

EXTERNAL:  Member Applicants and their related agents such as their CPA or Broker.

QUALIFICATIONS:

EDUCATION: Bachelor’s degree or equivalent experience.

EXPERIENCE: 7-10 years minimum of commercial loan experience with a financial or banking institution performing underwriting or credit analysis functions.

KNOWLEDGE/SKILLS:

• Experiential knowledge of commercial lending requirements, all commercial loan products, commercial loan fulfillment, credit union policies and all applicable federal and state laws and regulations.
• Current working knowledge of Commercial Real Estate and Commercial and Industrial lending. 
• Exceptional member service and member relations skills.
• Exceptional oral and written communication skills.
• Ability to manage multiple tasks and demands, to work independently with minimal supervision, and to meet deadlines and effectively adjust to changing priorities.
• Strong analytical, organizational skills and attention to detail.
• Understand the use of the automated loan origination system. Operate on standard Microsoft programs and other computer operations.
• Knowledge of generally accepted accounting principles.
• Demonstrated ability to work independently and interact collaboratively and cultivate partnerships across the organization.
• Ability to effectively communicate policy/procedures to staff to assist the supervisor and or manager with training.

PHYSICAL REQUIREMENTS:

• Prolonged sitting throughout the workday with occasional mobility required.
• Corrected vision within the normal range.
• Hearing within normal range.  A device to enhance hearing will be provided if needed.
• Occasional movements throughout the department daily to interact with staff, accomplish tasks, etc.
• Travel by car and/or public conveyance. May include overnight scheduling.

Occasional long work hours may be required to accomplish tasks.

LICENSES/CERTIFICATIONS:

A valid California driver's license and a clear driving record are required.

THIS JOB DESCRIPTION IN NO WAY STATES OR IMPLIES THAT THESE ARE THE ONLY DUTIES TO BE PERFORMED BY THIS EMPLOYEE.   HE OR SHE WILL BE REQUIRED TO FOLLOW OTHER INSTRUCTIONS AND TO PERFORM OTHER DUTIES REQUESTED BY HIS OR HER SUPERVISOR THAT ARE WITHIN HIS / HER KNOWLEDGE, SKILL AND ABILITY AS WELL AS HIS / HER MENTAL AND PHYSICAL ABILITIES.

REV. 5/1/2024