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Title
Text copied to clipboard!Commercial Loan Underwriter
Description
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We are looking for a skilled Commercial Loan Underwriter to join our team. In this role, you will be responsible for assessing and analyzing the creditworthiness of businesses applying for loans. Your expertise will help ensure that our financial institution maintains a healthy loan portfolio while supporting the growth of businesses in our community. You will work closely with loan officers, credit analysts, and other financial professionals to evaluate loan applications, assess risks, and make informed decisions. The ideal candidate will have a strong background in finance, excellent analytical skills, and a keen eye for detail. As a Commercial Loan Underwriter, you will play a critical role in the success of our organization by ensuring that loans are granted responsibly and in compliance with regulatory standards. Your ability to interpret financial statements, assess market conditions, and communicate effectively with stakeholders will be essential in this position. If you are passionate about finance and have a strong understanding of commercial lending practices, we encourage you to apply for this exciting opportunity.
Responsibilities
Text copied to clipboard!- Evaluate and analyze commercial loan applications and supporting documentation.
- Assess the creditworthiness of businesses and their ability to repay loans.
- Collaborate with loan officers and credit analysts to gather necessary information.
- Prepare detailed credit reports and recommendations for loan approvals or denials.
- Ensure compliance with regulatory standards and internal lending policies.
- Monitor and manage the performance of the loan portfolio to mitigate risks.
- Stay updated on market trends and economic conditions affecting lending decisions.
- Communicate effectively with clients and internal stakeholders regarding loan decisions.
Requirements
Text copied to clipboard!- Bachelor's degree in finance, accounting, or a related field.
- Proven experience as a Commercial Loan Underwriter or similar role.
- Strong understanding of financial statements and credit analysis.
- Excellent analytical and problem-solving skills.
- Attention to detail and ability to work under pressure.
- Knowledge of regulatory requirements and lending practices.
- Proficiency in financial software and tools.
- Strong communication and interpersonal skills.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with commercial loan underwriting?
- How do you assess the creditworthiness of a business?
- What financial metrics do you prioritize when evaluating loan applications?
- How do you ensure compliance with regulatory standards in your work?
- Can you provide an example of a challenging loan application you handled?
