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Business Underwriter
Job Summary: Serves as Business Loan Underwriter for the Centralized Business Loan Underwriting group. Loan authority will be commensurate with business lending underwriting experience and knowledge of various business lending regulations. Provides assistance to the Small Business and Consumer Relationship Managers in terms of analyzing an applicant's financial position and discussing alternative financing solutions when applicable. As needed, completes cash flow analysis for B2B and B2C loans. Provides and maintains a strong working knowledge of all system applications and business loan programs.
Essential Functions:
Credit Review- Investigates all available resources of credit and financial information, including report services and credit bureaus while adhering to all Bank policies and regulations applicable to this position. Analyzes financial statements, financial ratios, cash-flow data, collateral and related materials. Reviews business application information and financial data within the automated system for credit worthiness and repayment capacity and propensity. Presents credit risk assessment to Loan Officers and assists in structuring loan requests to meet underwriting guidelines. Recommends appropriate loan decision along with financing alternatives and approves loans within lending authority. Adheres to all bank policies and regulations applicable to this position. Performs all other duties that my be assigned, i.e. Recommends when a relationship really needs to be turned over to the commercial banking division due to potential credit size of relationship and/or complexity of credit. Will be intimately involved in the development of and working with the various lines of new product development and/or pricing strategies.
Customer Service- Demonstrates the ability and willingness to provide knowledge and support to the lines of business and assists in providing training whenever needed.
Education, Skills and Experience: Required- Bachelor's Degree in Accounting, Business, Finance and/or a minimum of five years of experience, preferably business purpose loans. Broad understanding of financial statements, financial ratios, cash flow data and other credit information. Basic working knowledge of banking principles and federal lending regulations. PC proficiency with a working knowledge of banking principles and Internet Explorer, Microsoft Word, Excel, and Outlook applications. Excellent communication, problem solving and analytical decision-making skills. Ability to provide outstanding customer service. Ability to work accurately with detailed information in a fast-paced environment. Possess strong leadership and organizational/time management skills.
Preferred- Detailed knowledge of Banks Lending Guidelines.
