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Title
Text copied to clipboard!Commercial Loan Underwriter
Description
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We are looking for a meticulous and experienced Commercial Loan Underwriter to join our dynamic team. The ideal candidate will be responsible for evaluating and approving commercial loan applications, ensuring that all loans meet the company's lending criteria and regulatory requirements. This role requires a deep understanding of financial statements, credit analysis, and risk assessment. The Commercial Loan Underwriter will work closely with loan officers, credit analysts, and other financial professionals to make informed lending decisions. The successful candidate will have strong analytical skills, attention to detail, and the ability to work under pressure. They will also be responsible for maintaining up-to-date knowledge of industry trends, regulatory changes, and best practices in commercial lending. This position offers an excellent opportunity for career growth and development within a supportive and collaborative work environment. If you have a passion for finance and a keen eye for detail, we encourage you to apply.
Responsibilities
Text copied to clipboard!- Evaluate commercial loan applications and supporting documentation.
- Analyze financial statements, credit reports, and other relevant data.
- Assess the creditworthiness of loan applicants.
- Ensure compliance with company lending policies and regulatory requirements.
- Collaborate with loan officers and credit analysts to gather necessary information.
- Prepare detailed credit memos and risk assessments.
- Make informed lending decisions and recommend loan approvals or denials.
- Monitor and review existing loan portfolios for potential risks.
- Stay updated on industry trends and regulatory changes.
- Provide training and guidance to junior underwriters and support staff.
- Participate in loan committee meetings and present findings.
- Maintain accurate and organized records of all loan applications and decisions.
- Communicate effectively with clients and internal stakeholders.
- Identify opportunities for process improvements and implement best practices.
- Ensure timely processing of loan applications to meet service level agreements.
Requirements
Text copied to clipboard!- Bachelor's degree in finance, accounting, or a related field.
- Minimum of 3-5 years of experience in commercial loan underwriting.
- Strong understanding of financial statements and credit analysis.
- Excellent analytical and problem-solving skills.
- Attention to detail and high level of accuracy.
- Ability to work under pressure and meet deadlines.
- Strong communication and interpersonal skills.
- Proficiency in financial software and loan underwriting systems.
- Knowledge of regulatory requirements and industry standards.
- Ability to work independently and as part of a team.
- Strong organizational and time management skills.
- Professional certification (e.g., CFA, CPA) is a plus.
- Experience with various types of commercial loans (e.g., real estate, equipment financing).
- Ability to interpret complex financial data and make sound decisions.
- Commitment to continuous learning and professional development.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with commercial loan underwriting?
- How do you assess the creditworthiness of a loan applicant?
- What financial ratios do you consider most important when evaluating a loan application?
- How do you stay updated on industry trends and regulatory changes?
- Can you provide an example of a challenging loan application you have underwritten?
- How do you handle tight deadlines and high-pressure situations?
- What software and tools are you proficient in for loan underwriting?
- How do you ensure compliance with company policies and regulatory requirements?
- Can you describe a time when you identified a potential risk in an existing loan portfolio?
- How do you communicate your lending decisions to clients and internal stakeholders?
