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KeyBank · 2 months ago

Commercial Credit Underwriter (1mm-10mm commitments)

Grand Rapids, MI

Full-time

Hybrid

Entry, Mid Level

$61K/yr - $94K/yr

2+ years exp

KeyBank is a national association seeking a Commercial Credit Underwriter who is responsible for gathering, analyzing, and interpreting credit information on existing and prospective customers to determine credit worthiness. The role involves assessing risk, making loan decisions, and collaborating with credit partners to maintain the bank's asset quality.

Banking

Responsibilities

Evaluate loan requests to properly identify purpose, risk elements, and collateral adequacy

Assess the liquidity, quality of management, market position, industry and overall business climate to estimate future profitability of business

Analyze credit data, financial statements (cash flow, balance sheet, income statements), and tax returns (both personal and business) to determine creditworthiness and the degree of risk involved in extending credit or lending

Apply accounting principles to financial modeling

Input, interpret, and assess risk rating model output and client data to develop a credit recommendation

Develop the credit write-up to make loan structuring decisions within delegated authority or make recommendations to the appropriate Credit partners/Officers; document and communicate findings providing relative guidance

Identify deteriorating credits early and escalate with well thought out/experienced recommendations for restructure

Initiate annual reviews

Review loan documentation to ensure loan documents match terms and conditions outlined in the credit approval

Create and maintain credit files, and develop spreadsheets based on financial statements to facilitate foundational underwriting analysis

Responsible for client setup, client data tracking, document tracking, reports, testing borrowing base certificates and covenant compliance, trends, and dashboards

Provide financial analysis and portfolio administration to ensure timely and accurate risk ratings

Prepare loan packages and monitor and maintain loan portfolios

Serve as a mentor, coach, and trainer for Credit Analysts

Collaborate with bankers and credit partners to drive the efficiency and effectiveness of the credit process to meet client expectations

Participate in periodic projects related to changes in risk management processes, policies or environment and/or underwriting process improvement/optimization

Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice

Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key

Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice

Qualification

Commercial credit underwritingFinancial analysisRisk assessmentFinancial modelingMicrosoft OfficeCommunication skillsTeam collaborationTime managementProblem-solving

Required

Bachelor's Degree or equivalent work experience in finance, accounting, economics and/or business (required)

Minimum of 2 years of commercial/specialty client segment underwriting, credit, banking and/or financial services experience (required)

Competent with Microsoft Office and the ability to learn and effectively utilize other technology applications (required)

Understanding of financial models (required)

Ability to gather relevant research, analyze data, and synthesize large amounts of information to accurately assess commercial creditworthiness and create a detailed and thorough underwriting package (required)

Demonstrated understanding of commercial credit underwriting/approval methodologies, credit policies and procedures (required)

Strong presentation and communication skills, with the ability to collaboratively make an impact (required)

Ability to plan, multi-task, manage time effectively, and work, often independently, with limited supervision of senior team members (required)