What are the responsibilities and job description for the Underwriter-Commercial position at First Bank?
Position Details.
About This Role
The Commercial Banking Underwriter serves as a critical control within the bank's credit risk management framework and is responsible for the independent risk assessment of commercial loan requests. This role provides objective evaluation of creditworthiness, preparing comprehensive credit memoranda that identifies risk factors and exceptions to credit policy, and makes recommendations on credit decisions.
In this Role You Will
Demonstrated knowledge of commercial loan structures, underwriting principles, credit policy and procedures, accounting principles, and regulatory expectations
Ability to apply sound underwriting judgment using financial analysis, credit policy interpretation, and product knowledge, including SBA lending concepts, to appropriately identify and mitigate risk
Strong analytical, reasoning, and problem-solving skills with the ability to assess complex credit scenarios, identify risks, and recommend appropriate mitigants
Proven ability to work independently while collaborating effectively with internal partners to meet deadlines in a fast-paced environment
Highly developed written and verbal communication skills, with the ability to clearly document credit decisions and communicate recommendations to stakeholders
Demonstrates strong organizational, prioritization, and time management skills, with consistent attention to detail and accountability for results.
Exhibits sound judgment, professionalism, and discretion; demonstrates initiative, resourcefulness, and self-motivation; and maintains a team-oriented approach while managing multiple competing priorities
Compensation Disclosure
The range for this role takes into account many factors that First Bank considers when making hiring decisions, including but not limited to prior experience, skill set, training, and other internal business and organizational factors. First Bank generally does not hire at or near the top of the stated range. The range is driven by the geographic location of the anticipated hiring location; however, the specific range may vary depending on the geographic location for remote positions. Compensation decisions depend on the specific facts and circumstances of each hiring instance.
A reasonable estimate of the current pay range is $75,000 - $95,000
About Us
Be a part of a growing company that is truly committed to its employees and clients. Consider joining the First Bank family. As a member of our family, you are part of one of the largest independent banks in the U.S. We are proud of our growth and success over the past 100 years and look forward to a bright and promising future.
Diversity
At First Bank one of our biggest strengths is the diversity of our people. Our mission is to capitalize on the diversity of our associates and promote personal and professional development throughout every area of the organization. We encourage diversity by actively seeking employees from various backgrounds, walks of life, and job skills. We strongly encourage you to apply whenever a First Bank job opportunity interests you.
First Bank is a VEVRAA Federal Contractor and an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.
At First Bank, we embrace a hybrid work environment which allows employees to work at least three full days in the office with more or all in-office days expected of our client facing teams and the groups that support them in the business.
About This Role
The Commercial Banking Underwriter serves as a critical control within the bank's credit risk management framework and is responsible for the independent risk assessment of commercial loan requests. This role provides objective evaluation of creditworthiness, preparing comprehensive credit memoranda that identifies risk factors and exceptions to credit policy, and makes recommendations on credit decisions.
In this Role You Will
- Prepare objective underwriting analysis for commercial loan requests including new loans, renewals, extensions, and modifications
- Exercise independent judgment to assess the creditworthiness of loan requests, including analyses of borrowers, guarantors, and collateral
- Identify transaction risks and propose mitigants to ensure alignment with the Bank's risk appetite
- Actively participate in the deal team, collaborating with Relationship Managers, Portfolio Managers, and Regional Credit Officers
- Provide well-supported recommendations to arrive at credit decisions
- Participate in training to increase proficiency as part of professional development
- Perform other duties as assigned
- Bachelor's degree, required or MBA, preferred from a college or university
Demonstrated knowledge of commercial loan structures, underwriting principles, credit policy and procedures, accounting principles, and regulatory expectations
Ability to apply sound underwriting judgment using financial analysis, credit policy interpretation, and product knowledge, including SBA lending concepts, to appropriately identify and mitigate risk
Strong analytical, reasoning, and problem-solving skills with the ability to assess complex credit scenarios, identify risks, and recommend appropriate mitigants
Proven ability to work independently while collaborating effectively with internal partners to meet deadlines in a fast-paced environment
Highly developed written and verbal communication skills, with the ability to clearly document credit decisions and communicate recommendations to stakeholders
Demonstrates strong organizational, prioritization, and time management skills, with consistent attention to detail and accountability for results.
Exhibits sound judgment, professionalism, and discretion; demonstrates initiative, resourcefulness, and self-motivation; and maintains a team-oriented approach while managing multiple competing priorities
Compensation Disclosure
The range for this role takes into account many factors that First Bank considers when making hiring decisions, including but not limited to prior experience, skill set, training, and other internal business and organizational factors. First Bank generally does not hire at or near the top of the stated range. The range is driven by the geographic location of the anticipated hiring location; however, the specific range may vary depending on the geographic location for remote positions. Compensation decisions depend on the specific facts and circumstances of each hiring instance.
A reasonable estimate of the current pay range is $75,000 - $95,000
About Us
Be a part of a growing company that is truly committed to its employees and clients. Consider joining the First Bank family. As a member of our family, you are part of one of the largest independent banks in the U.S. We are proud of our growth and success over the past 100 years and look forward to a bright and promising future.
Diversity
At First Bank one of our biggest strengths is the diversity of our people. Our mission is to capitalize on the diversity of our associates and promote personal and professional development throughout every area of the organization. We encourage diversity by actively seeking employees from various backgrounds, walks of life, and job skills. We strongly encourage you to apply whenever a First Bank job opportunity interests you.
First Bank is a VEVRAA Federal Contractor and an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.
At First Bank, we embrace a hybrid work environment which allows employees to work at least three full days in the office with more or all in-office days expected of our client facing teams and the groups that support them in the business.
Salary : $75,000 - $95,000