Manager of Commercial Underwriting - National Dealer Services

Manager of Commercial Underwriting
The Vice President, Manager of Commercial Underwriting (MCU) is responsible for ensuring thorough and complete analysis of lending opportunities as well as monitoring ongoing credit risk - health of the existing portfolio, while ensuring compliance with risk appetite, credit policy, credit terms and adherence to regulatory guidance.

Position Competencies:
Successful incumbents possess strong credit and line of business expertise, have excellent written and verbal communication skills, have strong management/coaching skills, are inspirational, have superior process management and operational effectiveness skills, have strong decision-making skills, are a team player and results oriented.

Reporting Information:

The Manager of Commercial Underwriting reports to the Director of Commercial Underwriting. This position manages a team of 8 - 10 Underwriters and supports of one or more assigned Lines of Business (LOBs).

Position Responsibilities:

Quality Underwriting

• Ensure quality of underwriting including identification of strengths, weaknesses, and appropriate mitigation strategies for lending opportunities.
• Ensure appropriate application of credit policy in analysis and address escalations to Relationship Manager, Portfolio Manager and/or Credit Administration Officer (RM/PM/CAO).
• Review Underwriting and Credit analysis to ensure thorough and complete underwriting prior to submission to Relationship Manager, Portfolio Manager and/or Credit Administration Officer (RM/PM/CAO).
• Review simple underwriting tasks completed by Credit Specialists for completeness and underwriting quality.
• Identify and elevate underwriting credit concerns as soon as detected.
• Make recommendations on credit approval items to improve or enhance deal structure when appropriate.
• Participate as requested/needed in deal discussions prior to submission to Underwriting center.

Efficient Credit Process Management

• Assign and manage workload for Underwriting team in conjunction with Group Manager and Credit Administration Officer for prioritization.
• Ensure adherence to standardized credit processes and credit policy.
• Ensure team is meeting all established Service Level Agreements (SLAs).
• Continuous review of procedures, processes, and credit policy with a keen focus on process improvement and efficiency.
• Leverage workload management tools/reports for appropriate coaching to Underwriting and Commercial Banking Associate teams for production - quality metrics.
• Monitor and review credit underwriting to ensure product is Right the First Time.
  Recruit, manage, develop, train, and retain underwriting staff.
• Ensure development of underwriting staff and support of the Commercial Banking.
• Development Program in preparation of advancement to Relationship Manager and/or Portfolio Manager roles.
• Participate in recruiting activities to ensure quality candidate pools.
• Participate in virtual, on-campus and/or office interviews in support of the Commercial Banking Development Program.
• Ensure appropriate Talent Management activities and development plans are in place for staff.

Compliance and Audit

• Ensure compliance with regulatory reporting requirements (CRA Sales size, HMDA).
• Achieve satisfactory or better ratings on compliance, AQR (administration) and internal audits.

Data Integrity

• Understand and support data integrity of assigned LOBs to minimize issues.

Position Qualifications:

• Bachelors degree from an accredited university
• Completion of a formal credit training program
• 8 years of commercial credit and/or lending experience

Bank Overview
Comerica is the largest U.S. commercial bank headquartered in Texas with a focus on relationships and helping people and businesses be successful. With over 170 years of success, Comericas longevity is a testament to its strong relationship focus, integrity, and dedicated workforce -- more than 7,800 colleagues, who serve as Comericas ambassadors in the community.

At Comerica, our colleagues are essential to our success. We strive to provide you with the opportunity to grow and develop, both personally and professionally, by offering a wide range of programs that are designed to recognize, reward and develop you throughout your career.

Comerica demonstrates its commitment to the communities it serves through a strong culture of diversity and inclusion, community investment and environmental commitment. We are recognized as one of the most community-minded companies in the nation by Points of Light, earning a Top 10 ranking in Newsweeks list of Americas Most Responsible Companies, and ranked by DiversityInc- as Top 4 regional companies for diversity.

Work Best Category: Category C - Days in the office will either be designated days or will vary week to week from 2-5 days Hours: 8:00am - 5:00pm Monday - Friday. This position includes onsite and remote work days. Salary:

For candidates hired in the state of California, Colorado, Washington, New York the expected salary/On-Target Earnings (OTE) range for the role is currently:

• California - $116,150 - 215,050 Annually

Salary Range(s) is subject to change. Comerica Bank takes several factors into account when determining individual starting pay. These include but are not limited to position, grade level, location/metropolitan area, skillset, and peer compensation. Comerica Bank considers the employers work location to determine the pay range.

About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.

Upon offer, Comerica conducts a comprehensive background and fingerprint check.

NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comericas colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.

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