Credit Underwriter

Full Time

Madison-Davis

EXTERNAL ROLE

Position Summary: 

The Credit Underwriter is responsible for underwriting new or existing loans in a portfolio primarily of CRE, Commercial & Industrial lines of credit and term facilities, multifamily and mixed-use loans, and non-profit loans as loans to houses of worship. The Underwriter will be contributing to the loan growth potential of the Bank by (i) underwriting credit risk, (ii) assessing current credit quality and assign proper risk ratings, (iii) engage in client meetings or calls with the lending team to assess the credibility of the borrowers.

Essential Duties and Responsibilities:

  • Strong Underwriting skills set and ability to understand and communicate credit issues
  • Independently assess complex credit issues and analyze risk
  • Proficiency and experience in analyzing financial statements and reviewing overall credit quality
  • Review financial statements, tax returns, rent rolls, and cash flow projections
  • Underwrite loan extensions and renewal requests as needed
  • Conduct site visits as necessary and prepares site visit reports for loans in the portfolio in accordance with lending procedures
  • Assist with an annual review of existing loans as needed

Skills needed:

  • Ability to underwrite and monitor commercial and industrial loans, lines of credit, term facilities, as well as owner-occupied mortgages, multi-family and mixed-use loans, small business loans, non-profit loans as well as loans to houses of worship
  • In-depth knowledge of credit quality and credit analysis
  • Proficient in analyzing financial statements of commercial real estate, multi-family and business operations
  • Ability to interact with borrowers, attorneys, accountants, appraisers, and any other external professionals as required
  • Strong verbal and written communication skills, relationship management, and business development skills, working with both private-sector financial institutions and public agencies
  • Familiar with federal, state, and local government funding sources for capital and operating needs of multi-family housing, commercial real estate

Preferred Background/Experience

  • College Degree with an equivalent of 5+ years of experience in underwriting and analyzing commercial real estate and business loans
  • Well-developed analytical and problem-solving skills
  • Strong organizational skills
  • Strong verbal and written skills
  • Knowledge of bank products and services
  • Strong knowledge of Microsoft Office products
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