Commercial Credit Underwriter

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Job description

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES: (other duties may be assigned as needed)

· Conduct financial and/or credit analyses, ensuring compliance with internal regulations

· Conduct initial review of incoming loan packages by determining creditworthiness and compliance

· Analyze loan files and review loan documents for completeness

· Analyze financial statements to determine operating trends and viability of businesses.

· Review tax returns and additional credit information to assess borrower/guarantor net worth and potential

· Prepare detailed analyses of historical property operations to make informed decisions about future performance.

· Prepare preliminary and final credit memorandum for presentation to Credit Committee.

· Research and investigate applicable industry and market data/trends.

· Coordinate and incorporate 3rd party reports into the credit analysis.

· Projects loan level cash flows based on potential resolution outcomes.

· Provide full credit memos containing accurate and complete credit analysis of the loan applicant

· Analyze applicant's business operations, historical cash flow, balance sheet and financial condition, management structure, collateral, projections, and compare these elements to RMA

· Prepare approval letters

KNOWLEDGE, SKILLS, AND ABILITIES:

· Minimum of seven (7) years experience with underwriting ABL/ Factoring transactions. Strong understanding of cash flow in essential.

· Formal bank Credit Training Program or RMA Credit Courses.

· Computer literate; proficient with Microsoft Office products, i.e. Word, Excel, etc.

· Strong organizational, verbal and written communication skills are required

· Keen analytical, and decision-making skills are required

· Ability to establish and maintain effective work relationships both internally and externally.