We are seeking an Underwriter Advanced for a very important client.

Job Description

CLS’ primary underwriting functions include new account acquisition, credit line increases and portfolio risk reviews (e.

g., line decreases / account closures) for consumers and businesses. The Business Card Elite team performs all underwriting for businesses with $150k aggregate business card exposure completing an in-depth analysis of business financial statements, balance sheets, income statements, and statements of cash flow.

• The Business Card Elite underwriting due diligence involves applying four of the 5 Cs of credit (character; capital; capacity;
• condition and collateral) using tools that include internet searches on the borrower(s); various 3rd party business / consumer trade / credit reports;
• business / personal financial statement analysis and the overall Company bank relationship. A complete underwriting with a recommendation / final decision routinely involves discussions with the customer(s) (Company bank Relationship Manager or the applicant) to better understand the fiscal changes;

unfavorable trade / credit / public filings or clarity of the card structure to ensure approved card requests are viable card assets.

The ideal candidate will possess the following qualifications :

• Minimum 4 years commercial credit lending experience; credit card lending experience a plus
• Successful completion of a major corporate bank commercial training program (or the equivalent corporate banking / corporate finance or accounting experience)
• Proven ability to spread business financial statements / tax returns, perform ratio analysis, complete risk assessment and make sound credit decisions and recommendations via written and verbal presentations
• Proficiency in credit / lending transactions and analytical skill sufficient to enable independent underwriting of commercial requests for lines of moderate to large size and complexity with limited guidance required from immediate manager
• Bachelor's degree in a business-related discipline (Accounting, Finance, etc.)
• Strong analytical and problem-solving skills
• Experience in supporting recommendations when challenged and in negotiating counteroffers, where appropriate
• Proven ability to communicate verbally and in writing with internal and external customers and with various levels of management
• Ability to build strong working relationships with internal partners such as Business Bankers, Marketing and Risk Policy teams
• Flexibility in adapting to changing volumes and areas of focus
• Ability to investigate, recommend and initiate process improvement

Preference for candidates in Eastern or Central Time Zones.

Benefits include :

• MEC / ACP Medical
• Voluntary Dental, Vision, Life, Supplemental Income
• 401k (must meet requirements)
• sick leave as required by state / county

Pay Range : $45-49 per hour

Last updated : 2024-05-23