Recent Searches

You haven't searched anything yet.

1 commercial underwriter Job in renton, wa

SET JOB ALERT
Details...
Global Credit Union
Renton, WA | Full Time
$57k-69k (estimate)
6 Months Ago
Commercial Underwriter
$57k-69k (estimate)
Full Time | Banking 6 Months Ago
Save

Global Credit Union is Hiring a Commercial Underwriter Near Renton, WA

Overview

Reports to: Credit Administration Manager

Functions Supervised: None

Primary Functions: Responsible for providing an independent comprehensive written evaluation of commercial loans and relationships. This position will also assist in the preparation of annual reviews.

Duties and Responsibilities:

  • Evaluates financial statements and prepares independent written credit evaluations. Reports will include a comprehensive evaluation of businesses and commercial real estate and will be used by management in approving credit requests. Reports should adequately summarize the important aspects of the business including a detailed financial analysis, management competencies, collateral evaluation, and guarantor support. Analyses will identify the key strengths and weaknesses for that particular credit request. Analyses may also include an evaluation of the borrowers industry and the borrowers position within the industry.
  • Makes recommendations to Commercial Loan Officers and Credit Approvers regarding credit structure and policy compliance.
  • Makes recommendations regarding credit risk rating of commercial accounts and assesses collateral quality and values.
  • Completes corporate and personal financial statement spreading in the designated system. Completes global cash flows when appropriate.
  • Effectively partners with Credit Administration to improve efficiencies of operation, minimize risk, and expand sales opportunities.
  • Work collaboratively with sales team to achieve commercial credit objectives, goals and provide outstanding member service.
  • Conduct annual credit reviews on relationships analyzing and documenting risks, strengths and weaknesses.
  • Develop a solid understanding of the Statement Spreading software.
  • Maintain in-depth knowledge of NCUA regulations and credit union policies and procedures as they relate to commercial lending.
  • Provides underwriting support for the SBA loan program as needed.
  • Perform other duties as assigned.
  • Qualifications

    Education: Bachelor's degree in Business Administration or related field.

    Creditable Experience in Lieu of Education: Minimum of 2 years direct business/commercial lending, underwriting or portfolio management experience within a financial services organization.

    Experience/Skills: Solid understanding of accounting, financial statement analysis, interest calculations and loan documentation. Additional experience spreading financial statements, performing ratio analysis and the ability to formulate an independent credit view is desired. Must also demonstrate strong organizational and communication skills, along with solid analytical and computer skills to include Excel, Word, Outlook and Statement Analyzer or other equivalent financial statement spreading software.

    Tenure: Senior Commercial Underwriter, Category 07, requires 3 years tenure in the Commercial Underwriter position with performance that meets or exceeds expectations and a promotion recommendation by the supervisor or manager. Directly related work experience and/or accelerated training completion may be substituted for tenure.

    Compensation

    Commercial Underwriter (Category 08)

    Salary Pay Range: $72,717 - $119,983 annually. Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above.

    In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.

    Benefits

    • Short-term and long-term incentives
    • Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
    • 401(k) plan with a 5% match
    • Employee Assistance Program (EAP)
    • Life and disability coverage
    • Voluntary cash benefits for accident, hospitalization and critical illness
    • Tuition Reimbursement
    • Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
    • Click here to view Global’s comprehensive Benefits Programs.

    Equal Opportunity Employer

    Job Summary

    JOB TYPE

    Full Time

    INDUSTRY

    Banking

    SALARY

    $57k-69k (estimate)

    POST DATE

    11/05/2023

    EXPIRATION DATE

    11/04/2024

    WEBSITE

    globalcu.org

    HEADQUARTERS

    FAIRCHILD AFB, WA

    SIZE

    100 - 200

    FOUNDED

    1954

    CEO

    JOHN MAGUIRE

    REVENUE

    $10M - $50M

    INDUSTRY

    Banking

    Related Companies
    About Global Credit Union

    Global is here to grow your dreams. Our business is to serve our members and our community. As a co-operative financial institution, our profits go back to our membership. We offer innovative products and services, low rates, few fees and excellent service. Who can join? You can, if you live or work in Washington State, or Kootenai, Benewah, Shoshone or Latah counties in Idaho. If you are an active duty or retired military person or a contractor affiliated with Fairchild Air Force Base, Aviano Air Base, Camp Ederle or Camp Darby you are automatically eligible for membership. We have locations ... throughout the Inland Northwest and Italy. Plus, we offer access at 6700+ shared branching locations and over 26,000+ ATMs nationwide. Visit https://www.globalcu.org/locations to find a location near you. Our story begins in October 1954. Mary Milla, a secretary who worked at Fairchild Air Force Base, founded the credit union as a means to serve the financial needs of the military and civil service employees. We began as Fairchild Credit Union and have grown to become Global Citizens. What is a Global Citizen? Global Citizens give their time. They make you smile. They're engaged, integrated, transformative. They love this community and its people, And actively do their best to leave this world a better place. We believe in Global Citizens. Be a Global Citizen. #weareglobalcitizens If you want to grow your dreams with world-class service, great convenience and a place to bank that celebrates your community, then join us and be a Global Citizen. Federally Insured by NCUA. Equal Housing Opportunity Lender. More
    Show Less

    Show more

    Global Credit Union
    Full Time
    $49k-54k (estimate)
    Just Posted
    Global Credit Union
    Full Time
    $59k-73k (estimate)
    Just Posted

    The job skills required for Commercial Underwriter include Underwriting, Analysis, Communication Skills, Financial Services, Financial Statements, Credit Risk, etc. Having related job skills and expertise will give you an advantage when applying to be a Commercial Underwriter. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Commercial Underwriter. Select any job title you are interested in and start to search job requirements.

    For the skill of  Underwriting
    Northwest Equity Solutions, Inc.
    Full Time
    $44k-55k (estimate)
    1 Month Ago
    For the skill of  Analysis
    US Veterans Health Administration
    Full Time
    $50k-71k (estimate)
    1 Week Ago
    For the skill of  Communication Skills
    Maersk Logistics & Services Canada Inc.
    Full Time
    $68k-86k (estimate)
    2 Days Ago
    Show more

    The following is the career advancement route for Commercial Underwriter positions, which can be used as a reference in future career path planning. As a Commercial Underwriter, it can be promoted into senior positions as a Health Underwriter that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Commercial Underwriter. You can explore the career advancement for a Commercial Underwriter below and select your interested title to get hiring information.