What are the responsibilities and job description for the Commercial Loan Underwriter position at JCW Group?
Our client, a community bank on Long Island, is looking for a Commercial Loan Underwriter. This person will be responsible for evaluating the credit worthiness of clients and their ability to repay loans and lines of credit. This position reports directly to the Head of Commercial Credit.
Key Responsibilities
- Perform financial, cashflow, and credit risk analysis of commercial loan requests
- Ability to create interpret and understand tax returns, financial statements, personal financial statements, accounts receivable aging schedules, rent rolls, etc.
- Ability to create Excel spreadsheets from the documents listed above.
- Interpret and understand appraisal reports, environmental reports, credit bureau reports, ACRIS, LexisNexis,4506-C, etc.
- Write thorough and concise loan memoranda supporting recommended lending requests.
- Familiarity and adherence to the Bank’s Lending Policy.
- Order investigative reports to assist with loan underwriting.
- Maintain shared system document portfolio in accordance with Bank standards.
- Identify potential credit problems and make recommendations to senior management.
- Interact professionally with team members, and other departments within the Bank such as retail branches, loan officers, Loan Administration/Operations, etc.
- Assist with other department tasks as needed.
Qualifications
- Prior commercial loan underwriting experience at a commercial bank
- Experience and familiarity with commercial loan underwriting; CRE and C&I
- Ability to understand tax returns, financial statements, and other pertinent financial documents
- Ability to write thorough, yet concise, loan request memoranda
- Excellent attention to details, and ability to adhere to established Bank lending policies
- Ability to communicate professionally and concisely with Bank attorneys and brokers.
- Fluent with Excel, Word, and Outlook applications
Salary : $100,000 - $130,000