Commercial Underwriter

Employer Name: 
Carter Bank and Trust
Job Type: 
Description: 

The Commercial Underwriter underwrites medium to complex commercial relationships mainly in the area of Commercial & Industrial and Investment Real Estate relationships in excess of $1 million. The Commercial Underwriter is responsible for completing spreads and financial analysis, understanding and identifying policy and guideline exceptions, evaluating the repayment capacity of the borrower and understanding basic loan structure and documentation in order to evaluate terms and conditions of loan proposals. This position works directly with lending professionals such as our Commercial Lenders, Commercial Regional Executives and Regional Credit Executives. The Commercial Underwriter may be asked to supplement analysis and discussion at the bank’s loan committee. Analysis includes, but is not limited to, the financial condition of the borrower, likelihood of achieving projections, relevant market and industry data, evaluation of repayment capacity, and complex individual tax returns. The Commercial Underwriter also interacts with a variety of external professionals and represents the bank in interactions with bank clients and other professionals, including client-facing responsibilities.

 

ESSENTIAL JOB FUNCTIONS:

• Works independently on moderate to complex financial analysis with minimal guidance from members of the credit leadership team and other Commercial Underwriters

• Underwrites commercial loan relationships within established service levels

• Independently constructs financial models and performs financial analysis, including but not limited to, repayment capacity, discounted cash flows, and enterprise valuation

• Identifies underwriting policy and guideline exceptions using working knowledge of established policies and procedures

• Maintains working knowledge of best practice and regulatory issues

• Assists in the preparation of Industry Studies as assigned that include, but are not limited to, i) a review of the regional and national markets, ii) analysis of the performance of the bank’s portfolio, iii) analysis of the financial stability of the industry and key risks, iv) recommendation to senior and executive management regarding segment limits which ultimately are presented to the bank’s board of directors for approval

• May be asked to participate in internal or cross-functional process improvement projects and other management reports 

• May be asked to participate in or lead the validation of various reports and industry information

• Authors annual reviews of assigned relationships with minimal supervision

• Assists with industry research as assigned

 

JOB REQUIREMENTS:

• Bachelor’s degree in Finance or Accounting and/or Economics with sufficient credits in Accounting

• Demonstrates an understanding of credit management, credit operations, and commercial lending

• Demonstrates a basic understanding of commercial loan structure and documentation

• Prior experience in credit analysis or financial analysis

 

KNOWLEDGE/SKILLS REQUIRED: 

• Excellent customer service skills

• Excellent business writing skills

• Strong verbal and written communication skills 

• Excellent interpersonal skills

• High level of attention to detail, with strong problem solving & organizational skills 

• Ability to perform effectively in fast-paced environment, multi-task and prioritize workflow

• Working Knowledge of Microsoft Office, especially Word, Excel

• Working knowledge of loan accounting systems and financial statement spreading systems preferred

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