Commercial Lending Underwriter

Northwest FCU
The primary responsibility for this role will be underwrite new and existing commercial loans, consisting primarily of C&I, CRE and SBA 7(a) loans.

The primary responsibility for this role will be underwrite new and existing commercial loans, consisting primarily of C&I, CRE and SBA 7(a) loans. This person will be responsible for the preparation and presentation of new credit requests, conducting annual reviews and recommending approval or denial of each.  

This person will input loan spreads, analyze financial statements and write a detailed credit memorandum supporting the credit decision.  Furthermore, can summarizes deal into strengths and weaknesses and provide detailed explanation of risk mitigation. 

In addition, will partner with the commercial lenders to pre-screen requests, recommend increases, modifications, or provide a liquidation recommendation as-needed.   

This position will play an integral role in a growing department by efficiently underwriting and structuring credit facilities that meet the needs of the credit union while at the same time mitigating overall risk and exposure. 

Pre-screen credit requests to determine viability of the request.
Administer all phases of an annual review to include; the collection and analyzing of financial data, credit memo preparation and the documentation of the credit files.
Have a strong understanding of financial ratios and interpretation of those.
Be able to assess the quality of the business assets pledged as collateral and understand the liquidation ramifications.
Review credit reports and UCC’s on an annual basis to ensure integrity of our lien and collateral.
Evaluate financial information provided by the borrower; cash flow analysis, personal and business tax returns and business financial statements.
Ensure all credit recommendations are based on sound credit underwriting principles and in accordance with the existing MBL policy.
Knowledgeable helpful, but not required, of SBA SOP and 10 tab folders.
Monitor loan covenants monthly, quarterly and annually.
Interview potential borrowers and go on joint calls with the Lenders as needed to determine viability of a request.
Perform other duties as assigned by the Commercial Lending Portfolio Manager or Vice President of Commercial Lending.

Bachelor’s Degree in business desired. Minimum of 3 years’ experience underwriting commercial loans and 5 years’ experience commercial lending.  Knowledge of laws and regulations governing business and consumer lending practices as well as collection practices.

Proficiency in Microsoft Word, Excel and Sageworks a plus, but not required. Ability to systematically gather, read, retrieve and interpret data from numerous sources; excellent problem solving ability and quick learner; ability to prioritize, organize time and to work independently; excellent listening skills; excellent oral and written communication skills; exhibit self-confidence; ability to maintain composure, poise and patience when dealing with members and colleagues; professional image and neat appearance.

Excellent communication skills, verbal and written, to ensure that problems and solutions are clearly conveyed.

Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals.  Ability to compute rate, ratio, payments and percent, and to draw and interpret bar graphs.

Must possess strong conflict resolution skills and the ability to diffuse heated situations.  Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form.  Ability to deal with problems involving several concrete variables in standardized situations.

Actively promote goodwill among credit union employees and the Commercial Lending team in particular.  Be a reliable resource to colleagues, always demonstrating a willingness to assist in any way possible.