Commercial Services Underwriter

Overview

The Commercial Services Underwriter position is responsible for analysis and monitoring the credit worthiness of the commercial portfolio. The Underwriter is responsible for credit risk analysis, financial statement analysis, commercial loan underwriting and prepares succinct loan narratives.

GREENSTATE CULTURE:

At GreenState, our purpose is to create lasting value for our members, our communities, and one another. We empower our teams to create opportunities that strengthen financial well-being, transform lives, and enhance the vitality of the communities we serve. We know our success—now and in the future—is deeply rooted in fostering an engaging, diverse, and inclusive workplace where everyone knows they matter, their work makes an impact, and their everyday commitment to living our values is what brings our mission to life.  

Salary range for this position is $90,593.36 - $105,914.12 with a progressive benefit package. 

Responsibilities

Performs essential duties and responsibilities in the following areas which may include, but are not limited to those listed and are subject to change:

1. Adheres to the Credit Union's core values and Service Standards in carrying out GreenState's mission and vision.
2. Demonstrates teamwork in all interactions with co-workers and in the completion of all duties and responsibilities.
3. Provides the highest level of internal and external customer service.
4. Ensures confidentiality of member information.
5. Plays a vital role by participating in community service organizations and/or credit union sponsored events, on an annual basis.
6. Adheres to all state, federal and credit union regulations, policies and guidelines.
7. Understands structure and pricing of borrowing relationship.
8. Spreads and analyzes audited, reviewed and company prepared financials in addition to corporate and personal tax returns and personal financial statements
9. Analyzes financial information such as balance sheets, income and cash flow statements, pro- formas, and periodic financial reporting of all types.
10. Prepares cash flow charts, test covenants, and determine collateral coverage position.
11. Prepares credit proposal narratives for approval. Outline the risks and mitigating factors of a credit facility based upon an analysis of business and personal financial statements, collateral, global cash flow, economic and industry factors, debt service capacity, loan grades, and projected outlook.
12. Presents analytical findings in a complete and concise underwriting narrative document.
13. Performs loan and portfolio level stress testing of financial results, collateral and credit variables.
14. Stays abreast of regulatory, policy and procedural requirements to ensure compliance throughout the underwriting and credit administration processes.
15. Stays abreast of market conditions as it relates to assessing risk in credit transactions.
16. Ensures loans are documented according to commitments and approvals through pre-closing review of loan transaction documents.
17. Recommends supportable risk ratings for new loans and the renewal of existing commercial credit facilities to manage borrower and portfolio risk in a manner consistent with the Credit Unions credit philosophy.
18. Develops and presents analysis of risk for new loan originations and renewals/modifications to respective loan approver(s) with recommendation.
19. Analyzes current financial/collateral information on existing loans for the purpose of conducting periodic reviews to determine the ongoing credit worthiness of the credit facility/relationship, and documents the review in the standard Annual Review format or file memo, consistent with policy requirements.
20. Identifies emerging risk issues and trends.
21. Maintains credit files in accordance with guidelines, work with Commercial Lenders and Credit Analysts to insure that all necessary documentation is in the file.
22. Researches and responds to internal (co-worker) and external (member or authorized third party) requests for financial information on commercial members.

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Requirements

• <br /><b>Qualifications</b><br /><br /><ol><li>Bachelor’s degree in Finance, Accounting, Business Administration, or Economics with a strong basis in financial accounting.</li><li>Must have a minimum of three years of experience in traditional C&I, Commercial Construction, and Commercial Mortgage loan structures, covenants and documentation.</li><li>Ability to coordinate and prioritize assignments and organize work efficiently. Good time management skills required to manage multiple assignments, meet deadlines, and work efficiently in a time sensitive environment.</li><li>Ability to work independently and as part of a team.</li><li>Excellent figure aptitude, with accuracy and attention to detail required.</li><li>Knowledge of procedures, forms and regulations as they relate to commercial lending.</li><li>Ability to deal tactfully and efficiently with members and co-workers on a professional level.</li><li>Strong business writing and communication skills</li><li>Good analytical and decision-making skills</li><li>Well-developed credit analysis and analytical skills supported by formal credit and cash flow training.</li><li>Proficiency in a wide variety of personal computer software programs, including the Microsoft Office application suite.</li><li>Ability, availability and willingness to work additional hours as dictated by the workload.</li><li>Strong analytical skills with excellent verbal, written and interpersonal communication skills.</li><li>Self-directed nature, ability to work independent of supervision, and ability to follow directions.</li><li>Maturity and discretion to handle confidential information and safeguard members’ funds</li><li>Must be bondable.</li></ol>