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Title
Text copied to clipboard!Commercial Loan Underwriter
Description
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We are looking for a dedicated and detail-oriented Commercial Loan Underwriter to join our financial services team. The ideal candidate will be responsible for analyzing and evaluating commercial loan applications to determine the creditworthiness of businesses and their ability to repay loans. This role requires a strong understanding of financial statements, credit analysis, risk assessment, and lending policies. The Commercial Loan Underwriter will collaborate closely with loan officers, credit analysts, and management to ensure accurate and timely processing of loan applications.
In this role, you will be expected to thoroughly review financial documents, including balance sheets, income statements, cash flow statements, and tax returns, to assess the financial health and stability of businesses applying for loans. You will also analyze industry trends, market conditions, and economic factors that may impact the borrower's ability to repay the loan. Your assessments will directly influence lending decisions, making accuracy, attention to detail, and sound judgment critical to success.
The successful candidate will possess excellent analytical skills, strong communication abilities, and the capacity to work independently as well as collaboratively within a team environment. You will be required to clearly document your findings and recommendations, presenting them to loan committees and senior management for approval. Additionally, you will ensure compliance with all regulatory requirements, internal policies, and lending guidelines.
As a Commercial Loan Underwriter, you will also be responsible for maintaining up-to-date knowledge of industry best practices, regulatory changes, and emerging trends in commercial lending. You will participate in ongoing training and professional development opportunities to enhance your skills and expertise.
We value candidates who demonstrate integrity, professionalism, and a commitment to providing exceptional service to our clients. Your role will be instrumental in helping businesses secure the financing they need to grow and succeed, contributing positively to the local economy and community.
If you have a passion for finance, enjoy analyzing complex financial data, and thrive in a fast-paced, dynamic environment, we encourage you to apply for this exciting opportunity. Join our team and play a key role in supporting businesses and driving economic growth through responsible lending practices.
Responsibilities
Text copied to clipboard!- Evaluate commercial loan applications by analyzing financial statements and credit reports.
- Assess the financial stability and creditworthiness of businesses applying for loans.
- Prepare detailed underwriting reports and recommendations for loan approval.
- Collaborate with loan officers and credit analysts to gather necessary documentation.
- Ensure compliance with internal lending policies and regulatory requirements.
- Present underwriting findings to loan committees and senior management.
- Monitor industry trends and economic conditions affecting loan repayment capabilities.
- Maintain accurate records and documentation of underwriting decisions.
Requirements
Text copied to clipboard!- Bachelor's degree in finance, accounting, economics, or related field.
- Minimum of 3 years of experience in commercial loan underwriting or credit analysis.
- Strong analytical and critical thinking skills.
- Proficiency in financial statement analysis and risk assessment.
- Excellent written and verbal communication skills.
- Knowledge of banking regulations and lending guidelines.
- Ability to work independently and collaboratively in a team environment.
- Proficiency with financial software and Microsoft Office Suite.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with analyzing financial statements for commercial loans?
- How do you approach assessing the creditworthiness of a business?
- What factors do you consider most important when evaluating loan applications?
- How do you stay updated on changes in lending regulations and industry trends?
- Can you provide an example of a challenging underwriting decision you made and how you handled it?
