Commercial Loan Underwriter

Position Summary:

The Commercial Loan Underwriter prepares and writes a comprehensive credit risk analysis/memorandum on new or existing customers and provides recommendations to the senior team for approval. Transactions include, but are not limited to loans to small business owners, nonprofit organizations, commercial real estate and professional contractors. Loan products are varied and include term loans and contractor mobilization loans. Loan amounts generally range from $50,000 to $750,000.

Primary Job Functions:

  • Evaluate the creditworthiness of new/existing borrowers and their ability to repay loans under the terms of our contractual agreement.
  • Analyze the historical financial statements of the borrower and build cash flow projections that could be sensitized or stress-tested.
  • Develop appropriate loan and credit structures and ensure same is reflected in the a negotiated term sheet and other relevant credit-related documentation.
  • Engage with loan originators to seek out information and/or gather updates on the borrowers. Interactions with loan originators may include negotiations pertaining to the structure of the loan and site visits.
  • Prepare a complete credit analysis (including the assignment of a risk grade) to be presented to the Senior Credit Team for approval.
  • Ensures that approval of new loan requests comply with loan underwriting, product and program policies and procedures as well as with TruFund risk appetite.
  • Monitor periodically the status of loans that are on a watch list and/or warrant close monitoring (i.e., quarterly reviews, payment history, covenant compliance).
  • Manages timing and application pipeline, and expects at times to work under a tight deadline.
  • Assist in keeping credit documentation organized both physically and digitally.
  • Remains up to date and knowledgeable on internal policies and procedures.
  • Establish site visit or new and existing loans.
  • Interact with all levels of management and external customers.

Education and Related Work Experience:

  • BA/BS degree, preferably in accounting, finance or economics is required.
  • Minimum of 3-5 years credit and financial experience in bank lending, community development lending, credit analysis, or loan review function. Credit training from a banking institution a plus.
  • Prior work experience with Commercial Real Estate and Contract Mobilization a plus

Knowledge, Skills and Abilities:

  • Thorough knowledge of complex personal and business financial analysis and an expertise in assessing Income Statements, Balance Sheets and Cash Flow Statements. Understanding financial information extracted from tax returns is highly desired.
  • Strong knowledge of small business, nonprofit, commercial real estate loans including appraisals and land surveys.
  • Solid analytical skills (i.e., Microsoft Office) including Excel modeling skills.
  • Understanding of community development.
  • Ability to work under pressure.
  • Excellent written and verbal communication skills.
  • Keen at problem solving.
  • Strong interpersonal and organizational skills.
  • Detail oriented. Highly motivated and team player.