Text copied to clipboard!
Title
Text copied to clipboard!Commercial Loan Underwriter
Description
Text copied to clipboard!
We are looking for a Commercial Loan Underwriter to join our dynamic finance team. As a Commercial Loan Underwriter, you will be responsible for evaluating, analyzing, and approving commercial loan applications for a variety of business clients. Your primary focus will be on assessing the creditworthiness of applicants, analyzing financial statements, and ensuring that all loans meet the organization’s risk and compliance standards. You will work closely with loan officers, relationship managers, and other stakeholders to gather necessary documentation and make informed lending decisions.
In this role, you will review business plans, cash flow projections, and collateral to determine the viability of loan requests. You will also be responsible for preparing detailed credit memos, presenting your findings to credit committees, and recommending appropriate loan structures. Strong analytical skills, attention to detail, and a thorough understanding of commercial lending practices are essential for success in this position.
The ideal candidate will have experience in commercial banking or lending, a solid grasp of financial analysis, and the ability to communicate complex financial information clearly. You should be comfortable working in a fast-paced environment, managing multiple priorities, and adhering to strict deadlines. Familiarity with relevant regulations, such as the Equal Credit Opportunity Act (ECOA) and anti-money laundering (AML) guidelines, is highly desirable.
This is an excellent opportunity for a motivated professional seeking to advance their career in commercial lending and underwriting. If you have a passion for finance, strong analytical abilities, and a commitment to responsible lending, we encourage you to apply.
Responsibilities
Text copied to clipboard!- Evaluate and analyze commercial loan applications
- Assess creditworthiness of business clients
- Review financial statements and business plans
- Prepare detailed credit memos and reports
- Present findings to credit committees
- Recommend appropriate loan structures
- Ensure compliance with lending policies and regulations
- Work closely with loan officers and relationship managers
- Monitor loan performance and identify risks
- Maintain accurate records and documentation
Requirements
Text copied to clipboard!- Bachelor’s degree in finance, accounting, or related field
- 2+ years of experience in commercial lending or underwriting
- Strong analytical and financial analysis skills
- Excellent written and verbal communication abilities
- Familiarity with commercial loan regulations and compliance
- Attention to detail and organizational skills
- Ability to manage multiple priorities and meet deadlines
- Proficiency in Microsoft Office and financial software
- Experience preparing credit memos and reports
- Strong decision-making and problem-solving skills
Potential interview questions
Text copied to clipboard!- What experience do you have in commercial loan underwriting?
- How do you assess the creditworthiness of a business client?
- Describe your process for analyzing financial statements.
- How do you ensure compliance with lending regulations?
- Can you provide an example of a challenging loan you underwrote?
- What financial software are you proficient in?
- How do you handle tight deadlines and multiple priorities?
- Describe your experience preparing credit memos.
- What steps do you take to identify and mitigate loan risks?
- Why are you interested in this position?
