Commercial Underwriter

SUMMARY:

The Commercial Underwriter performs foundational credit analysis on standard to moderate C&I and Investment Real Estate relationships, typically up to $5 million in aggregate exposure. This role completes financial spreads, identifies basic policy exceptions, and evaluates borrower repayment capacity with guidance from senior underwriting staff. The Commercial Underwriter supports the preparation of credit memorandums and annual reviews and develops core underwriting competencies.

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:

• Underwrites commercial loan relationships in the areas of C&I and Investment Real Estate within established service levels and credit policy guidelines
• Completes financial spreads of business and personal financial statements, including balance sheets, income statements, and tax returns, and analyzes key credit metrics including cash flow, debt service coverage (DSC), and liquidity ratios
• Evaluates borrower repayment capacity, collateral quality, and guarantor support; identifies and documents underwriting policy and guideline exceptions
• Prepares or contributes to Credit Action Memorandums (CAMs) that summarize findings, justify risk ratings, and provide clear recommendations for approval or declination
• Maintains current knowledge of applicable banking regulations (e.g., Reg B, BSA/AML), OCC guidelines, FDIC examination standards, and internal credit policy
• Contacts internal and external customers and other parties as appropriate to gather information and clarify inconsistent, incomplete, or missing data
• Represents the bank professionally in client-facing interactions including meetings with borrowers, accountants, attorneys, and other external professionals
• Participates in internal and cross-functional process improvement projects, management reporting, and validation of industry and portfolio information as assigned

JOB REQUIREMENTS:

• Bachelor's degree in Finance or Accounting and/or Economics with sufficient credits in Accounting
• Prior commercial credit analysis or underwriting experience with demonstrated exposure to C&I and/or Investment Real Estate transactions preferred
• Formal credit training preferred (e.g., RMA Credit Essentials, bank-sponsored credit development program, or equivalent)

KNOWLEDGE/SKILLS REQUIRED:

• Intermediate understanding of commercial loan structure, documentation, and covenant requirements
• Intermediate proficiency in interpreting GAAP financial statements and translating them to cash flow for credit purposes, including global cash flow and guarantor analysis
• Intermediate customer service skills
• Intermediate business writing skills
• Intermediate verbal and written communication skills
• Intermediate interpersonal skills
• Intermediate proficiency with Microsoft Office, especially Word and Excel
• Intermediate proficiency with loan accounting systems and financial statement spreading systems preferred
• Basic problem-solving skills
• Basic organizational skills

PHYSICAL AND MENTAL QUALIFICATIONS:

• Standing, walking, bending and stooping required
• Must be able to sit at a desk for long periods of time and use a computer
• Must be able to occasionally move or lift up to 10 pounds
• May be asked to work supplemental hours periodically
• Limited travel required occasionally during and after business hours

The above statements are intended to describe the general nature and level of work being performed by the incumbent assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and/or skills required of all personnel so classified.

NOT A CONTRACT