Apply on Employer Site

KeyBank · 1 month ago

Commercial Credit Underwriter (1mm-10mm commitments)

Buffalo, NY

Full-time

Onsite

Entry, Mid Level

$61K/yr - $94K/yr

2+ years exp

KeyBank is seeking a Commercial Credit Underwriter who is responsible for gathering, analyzing, and interpreting credit information to determine credit worthiness. The role involves structuring new requests for credit, managing workflows, and making recommendations for credit solutions while ensuring compliance with policies and guidelines.

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

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

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

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

Understanding of financial models

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

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

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

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

Able to gather or pull together relevant information and utilize it to draw insights, conclusions, solution problems, make decisions and/or tell a story. Requires one to make sense of the data and display logical, connected thinking

Demonstrates an understanding of foundational accounting principles and can interpret and analyze financial statements (balance sheets, income statements, cash flow statements) to assess a company's financial health and ability to meet its obligations. Able to effectively utilize various tools and techniques, including financial ratios, to evaluate a borrower's financial strength and assess risk

Able to effectively identify, assess, and control potential risks involved with corporate lending. Able to effectively interpret and negotiate credit agreements and loan documentation. Understanding how specific loan terms and conditions can be employed to mitigate risk of loss

Demonstrated ability to take initiative, set clear objectives, and prioritize tasks to meet deadlines, maximize productivity, and minimize stress. Able to successfully identify which tasks are urgent (requiring immediate attention) and which are important (contributing to long-term goals). Able to effectively multitask and balance competing priorities. Habitually working with energy and commitment; industrious

Able to clearly, concisely, and persuasively convey information, whether verbal, written, or nonverbal. Able to effectively synthesize large amounts of complex information into a more consumable summary. Consistently demonstrates a focus on keeping clients, partners, and teammates informed as to the real-time status of important matters

Effectively working with others to reach a shared goal. Consistently displaying a willingness to shoulder a fair share of the workload in addition to helping others meet their objectives

Consistently taking ownership of one's actions, decisions, and performance, and being responsible for achieving the agreed-upon outcomes. Being reliable, dependable, and fulfilling commitments. Able to be relied upon as honest and truthful

Able to identify, evaluate, and interpret information, and question assumptions to reach well-supported, evidence-based conclusions. Open-minded and eager to seize opportunities to learn, grow, acquire knowledge, and expand skill set

Able to carefully evaluate the impact of all emerging and/or existing considerations and choose the best path forward using informed, rational, and effective decision-making techniques in various lending and business situations