Commercial Credit Underwriting Director

REPORTS TO: 

Credit Process Executive (CPE) 

JOB SUMMARY:

Under minimal supervision, and according to established policies and procedures, assists the Senior Credit Officer and/or Credit Process Executive in connection with commercial credit analysis and deal structure for commercial and industrial (C&I) and commercial real estate (CRE) customers.  The Commercial Credit Underwriting Director will supervise and establish standards for thorough analysis of all aspects of credit analysis including the preparation of financial statement spreads and projections in conformance with established bank policies and procedures for new loan requests, renewals and modifications.  The Commercial Credit Underwriting Director is also responsible for the recruitment, supervision, and training of Credit Analysts/Associate Relationship Managers/Portfolio Managers/Underwriting personnel/Credit Administration Systems Manager and related activities.

 MAJOR DUTIES AND RESPONSIBILITIES:

• Supervise coordination of underwriting support for individual lenders.
• Work directly with various lending related managers to facilitate the origination/renewal/modification of new/existing loans.
• Read credit approval memos and provide guidance and feedback to underwriting personnel and commercial lenders, discussing suggested edits and revisions.
• Prepare, or supervise preparation, of written analyses regarding large complex loans. 
• Manage credit approval memo work flow.
• Investigate and understand discrepancies, problems, and unusual situations in the underwriting process.
• Assist in preparation and presentation of industry concentration analysis (partially completed by underwriting personnel).
• Assist in coordination of annual preparation and presentation of loan stress testing (completed by underwriting personnel).
• Assist in coordination of the preparation and presentation of large credit quarterly reporting (completed by underwriting personnel).
• Conduct and document performance monitoring and reviews for staff of analysts/underwriting personnel.
• Ensure adequate training and back-up for underwriting team.   
• Advise underwriting personnel and lenders in all areas of underwriting, including the following:
  1. Repayment ability – accurate assessment of cash flow and debt service coverage.
  2. Collateral adequacy
  3. Credit worthiness
  4. Assess impact of guarantors’ financial position on company’s ability to service debt.
  5. Accurate financial statement spreads for various financial statements types (i.e. non-profit, fund accounting, tax returns, operating companies (C&I), CRE)
  6. Appropriate loan structure
  7. Proper loan risk rating
  8. Industry analysis and impact
  9. Adherence to bank policy and regulatory requirements
•  Ensure that underwriting personnel complete timely financial covenant compliance monitoring and reporting.
• Review and approve, or decline, commercial loan requests as a proxy for Senior Credit Officer and/or up to specified lending limit (to be determined) ensuring adherence to policies and regulations and credit approval standards as well as concentrations management considerations. 
• Participate in the development of commercial loan objectives, policies and practices, credit approval memo format, as well as risk mitigation standards and processes.
• Answer questions from lenders, underwriters, and other bank personnel about analytical issues, documentation issues and monitoring issues during underwriting and ongoing loan monitoring.
• As one of the system administrators, assist with Abrigo/Sageworks maintenance; provide Abrigo/Sageworks support for other users, including admin rights support via Security Manager.
• Ensure the Bank provides high quality services to its internal and external customers in the underwriting area.
• Occasionally attend joint customer calls with lenders and underwriters to gather the appropriate amount of information needed to complete comprehensive underwriting.
• Recommend major credit memo enhancements. 
• Attend all weekly and ad hoc Bank Loan Committee meetings and attend Board Risk Committee and Board of Directors meetings as requested. 
• Supervise and assist with other department responsibilities and special projects as required or directed by the CPE. 

KNOWLEDGE REQUIRED:

Minimum level of preparation and training normally required by the job:

• A bachelor’s degree in business, finance or accounting (or equivalent job experience). 
• Ability and training necessary to analyze complex financial statements and to make industry and market evaluations.
• Extensive experience underwriting complex CRE and C&I transactions.
• Ability to work with a variety of internal and external contacts to manage credit exposure while meeting both bank and customer needs.
• Supervisory experience required, exhibiting the ability to manage and train a team of employees with a broad range of experience and technical skills.
• Proficient in Word, Excel and Power Point required.  Experience with 
   Abrigo/Sageworks desirable but not required.

This job description in no way implies that these are the only duties to be performed by the employee occupying this position. Employees will be required to perform any other job-related duties assigned by the supervisor. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities.  

Century Bank is an Equal Employment Opportunity/Affirmative Action employer and does not discriminate on the basis of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age or veteran status.