What are the responsibilities and job description for the Business Loan Underwriter position at P1FCU?
Job Details
Description
Role
Review documentation for Commercial Loan applications and perform thorough analysis of financial and credit information to determine viability of request within the parameters of established policies and procedures and applicable regulatory guidance. Analyze balance sheets, personal financial statements, tax returns, income statements, cash flow statements, and other information using trend, ratio, leverage, projection, and stress techniques to determine adequacy of repayment sources. Review appropriate documents to determine viability of proposed collateral, including appraisals and other evaluations, leases, title reports. Provide leadership, guidance and training to Underwriting personnel. Take the lead with the analysis of large and/or complex credits. The diligent execution of this position is expected to contribute to the accomplishment of the department’s short and long-term goals. Supports the Brand Promise while observing Operating and Code of Conduct standards. Performs duties in compliance with regulatory requirements including, but not limited to, the Bank Secrecy Act.
Major Duties and Responsibilities
Perform thorough analysis of all credit, financial, and cash flow information to determine viability of repayment for all commercial loan requests.
Determine Borrower and Guarantor character and creditworthiness utilizing information from various sources, including personal and business credit reports, legal forums, publications, and internet sources.
Review and analyze other legal documents such as wills, trusts, corporation articles and by-laws, partnership agreements, and other information as necessary to fully underwrite the loan.
Review documentation to determine viability and adequacy of collateral including methods of valuation such as conforming appraisal reports, environmental studies, title reports, UCC searches, leases, and industry and market data, demonstrating an understanding of appropriate methodologies.
Assess and determine repayment ability of all borrowers and guarantors, and from a global perspective through in-depth analysis of tax returns and financial statements, including balance sheet, income statement, direct and indirect cash flow statements, using trend, cash flow, ratio, leverage, and projection analysis, which includes stress testing cash flow using various criteria such as changes in interest rate and vacancy.
Review loan documents for accuracy and appropriateness prior to closing and subsequent to signing as required.
Possess thorough knowledge and understanding of Loan Policy and related Procedures and appropriate regulatory guidance.
Assist Loan Officers in performing Annual Reviews of existing loans in accordance with established policies and procedures.
Other duties as assigned.
Qualifications
Knowledge and Skills
Experience
Three years to five years of similar or related experience, including preparatory experience.
Interpersonal Skills
A significant level of trust, credibility and diplomacy is required. In-depth dialogue, conversations and explanations with customers, direct and indirect reports and outside vendors can be of a sensitive and/or highly confidential nature. Communications may involve motivating, influencing, educating and/or advising others on matters of significance. Typically includes subject matter experts as well as first level to middle managers.
ADA Requirements
Physical Requirements
Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in an emergency situation. Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators. Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours or travel off site whenever required or requested by management. Must be capable of regular, reliable and timely attendance.
Working Conditions
Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.
Mental and/or Emotional Requirements
Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters.