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Community Bank, N.A. · 2 months ago

Underwriter 3

DeWitt, NY

Full-time

Hybrid

Mid, Senior Level

$24.75/hr - $38.31/hr

4+ years exp

Community Bank, N.A. is dedicated to providing high-quality financial services and products. The Credit Underwriter III is responsible for analyzing complex financial statements, preparing credit memorandums, and managing complex borrowing relationships while providing guidance to junior underwriters.

BankingFinancial ServicesPersonal FinanceWealth Management

Responsibilities

A Credit Underwriter III is responsible for spreading complex financial statements in accordance with Bank standards, while preparing Credit Offering Memorandums on complex borrowers in cooperation with Commercial Lenders for Bank approval

It is the responsibility of an Underwriter III to manage personal workload of complex borrowing relationships within short, prescribed timelines with minimal assistance from a Senior Underwriter/Manager

Making recommendations to Commercial Lenders regarding appropriate risk ratings as well as accurately addressing loan policy exceptions, structural weaknesses, appraisal exceptions, environmental waivers and loan coding are important duties of the position

A Credit Underwriter III is also responsible for providing guidance and on the job training to Credit Underwriter I’s and II’s

Maintain extensive knowledge of and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls and meet all job specific training requirements in a timely fashion

Produce a high volume of loan requests with the ability to work independently and complete duties within short timeframes, with little or no oversight from a Supervisor/Manager

Prepare financial spreadsheets on complex relationships for existing or potential borrowers using accountant prepared and company prepared financial statements and tax returns

Prepare Credit Offering Memorandums on complex borrowers which includes the description of the credit request and all associated structural components, detail of the borrower’s existing banking relationship (loans, deposits, cash management, RDC, etc.), financial statement analysis, corporate historical/projected and personal financial statement and cash flow analysis, detailed collateral evaluation and OCC stress testing on commercial real estate projects, accurate identification of loan policy exceptions, regulatory structural weaknesses, loan coding and assessment of appropriate risk rating

Accompanies Commercial Lenders on customer informational calls for complex relationships

Provides basic on the job training and guidance to Credit Underwriter I’s and II’s

Maintain the ability to quickly and accurately assess borrowing needs/causes, proper loan structure, well developed and accurate credit analysis techniques, knowledge of industry related issues, risk rating recommendations and a thorough understanding of loan policy and structural weaknesses

Advises Commercial Lenders of appraisal and environmental requirements that must be approved prior to the loan proposal’s submission for approval

Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to policies, procedures, and internal controls, and meet all training requirements in a timely manner

As an integral member of the Credit Administration Department, this position is also responsible to provide assistance wherever necessary to help the Credit Administration Department and the Bank in achieving their annual goals

Qualification

Financial statement analysisLoan structuring skillsLending regulationsMicrosoft ExcelTechnical supervisory skillsMathematics skillsReadingInterpersonal skillsCommunication skillsWriting skills