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Premier America Credit Union · 1 month ago

Sr. Commercial Loan Underwriter

Chatsworth,CA,US

Full-time

Onsite

Senior Level

$53/hr - $66/hr

5+ years exp

Premier America Credit Union is one of the nation’s largest credit unions, dedicated to serving its members' financial needs. The Sr. Commercial Loan Underwriter is responsible for analyzing and underwriting business loans, ensuring compliance with credit union guidelines while minimizing risk and supporting business lending programs.

BankingFinancial ServicesNon Profit

Responsibilities

Analyze and underwrite C&I (Commercial and Industrial) loans as well as owner-occupied commercial real estate loans with emphasis on operating company’s financials

Ability to determine appropriate financing needs of the applicant/borrower business and recommend appropriate loan products to facilitate the needs

Calculate and recommend appropriate financing amount based on borrowing business’ financials

Able to determine appropriate loan structure on given loan requests to ensure proper collateral and accountable parties are secured to the loan

Also be able to make appropriate loan conditions for sound accountability to the loan from the borrower(s) and guarantor(s)

Draft loan presentations for new credit proposals

Identify and close service gaps

Make recommendations for changes to improve underwriting quality, product design, and pricing and collection practices

Support annual review of all MBL’s

Obtain necessary approvals and generate LOI

Perform assessment of proposed deal to ensure structure, collateral and borrower strength is within Credit Union guidelines

In-depth review and analysis of financial statement, tax returns and income stream cash flows, financial and repayment analysis with a focus on cash flow, liquidity, leverage, and debt service coverage to identify key risks

Review loan terms, borrower and collateral risk, generate risk rating and determine appropriate recommendation while complying with Credit Union board policy and departmental guidelines

Review new loan request to issue a Letter of Intents

Review and analyze appraisals, environmental, and other third-party reports to identify risk areas and recommend mitigating solutions

Review and underwrite Member Business Commercial Loans, including Real Estate, income producing properties

Interpret and analyze financial information from multiple sources, including reporting services, credit bureaus and other industry data sources to make informed underwriting decisions

Review and analyze information including leases and the corresponding risks, rent rolls and management experience to determine impact on credit underwriting

Assumes responsibility for supporting business lending underwriting programs offered by the Credit Union

Training junior commercial underwriters and other team members within the department

Make appropriate credit determinations on loan application prospects in the absence of Director of Commercial Lending or VP of Commercial Lending

Assist in the production of monthly and quarterly reports identifying key metrics such as loan performance, trends, risk ratings, etc

Qualification

Commercial loan underwritingFinancial statement analysisRisk assessmentNCUA Part 723 knowledgeAnalytical skillsCommunication skillsAttention to detailOrganizational skillsProblem-solving skills

Required

Minimum of five (5) years of experience in a related position with full knowledge of complex commercial and business loan underwriting and analysis

BA/BS Degree in Business, Accounting, Finance or other related discipline preferred

Demonstrated knowledge of NCUA Part 723, Member Business Loans

Broad knowledge of financial statement analysis, general accounting, cash flows and mortgage interest calculations

Strong analytical, critical thinking and problem-solving skills; including ability to research questions, analyze data, compile results, recommend solutions and effectively communicate information to a variety of levels

Effective oral and written communication skills including in person, via phone and email; effectively communicate with all levels of staff, borrowers, vendors etc

Strong attention to detail and organizational skills

Ability to plan effectively and prioritize workflow with excellent follow-through skills