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CoastHills Credit Union · 3 weeks ago

Senior Commercial Underwriter

Santa Maria, CA

Full-time

Onsite

Senior Level

CoastHills Credit Union is seeking a Senior Commercial Underwriter to provide financial, credit, and trend analysis for business clients. The role involves evaluating credit requests, determining creditworthiness, and ensuring compliance with policies and regulations.

BankingFinancial ServicesMobile Payments

Growth Opportunities

Responsibilities

Performs independent credit analysis and risk assessment of new and existing credit requests. Including, but not limited to, preparing analysis of financial statements for businesses from quality of earnings reports, financial projections, and audited statements

Should be very well-versed in modeling income statements, balance sheets and cash flow over multiple years and be able to perform a downside and break-even projection analysis with limited input

Interfaces with other Credit Union employees to ensure loan applications are completed and identifies documents that are missing or that require verification and/or clarification

Coordinates the ordering of reports and reviewing the same for acceptability, including but not limited to OFAC reports, flood certifications, title policies, and collateral information, which includes appraisal inquiries, UCC Searches, environmental due diligence and more

Effectively performs credit analyses, evaluates applications and eligibility determination, and develops financial forecasts of various borrowing entities and key principals

Follows CHCU loan policy and regulatory guidelines; structures and underwrites loans; and makes recommendations to the appropriate level of credit authority

Evaluates risk and mitigating factors

Analyzes data for identification of financial trends, transactions or events which would have a bearing on the future operations and financial health of the applicant

Analyzes personal and corporate financial statements to create an accurate profile of the creditworthiness of the client

Determines if applicant’s financial position can support the proposed debt

Keeps informed of changes in economic or market conditions that might affect credit risk

Prepares comprehensive credit presentations for approval by the appropriate credit authority

Seeks counsel from FVP Sr. Credit Manager when unusual underwriting situations occur

Records loan approvals, counter offers, and loan denials as specified within Credit Union guidelines

Ensures and coordinates the proper assembly of documents in loan files, including acceptances or denials in accordance with Credit Union guidelines

Responsible for the ordering of loan documents

Responsible for the review of loan documents prepared by the Business Services staff for accuracy and completion in accordance with the approved loan presentation and Credit Union guidelines

Updates and maintains loan production log

Performs annual reviews and financial analysis, as well as monitoring of loan covenants

Identifies opportunities to refer members or potential members to other departments offering solutions to their financial planning, loan, or savings account needs

Fully complies with all applicable laws and regulations as well as internal policies and procedures

Maintains excellent inter-departmental relationships to ensure outstanding service to internal and external members

Regularly attends and participates in in-house training

Performs duties as assigned by management and may be assigned to work at any location

Qualification

Credit analysisRisk assessmentFinancial forecastingLoan underwritingFinancial statement analysisInter-departmental relationshipsRegulatory complianceCommunication skills

Required

Under the direction of the FVP Senior Credit Manager, the Senior Commercial Underwriter is responsible for providing financial, credit, and trend analysis for the delivery of the Credit Union's credit products and services to business clients and prospects

Keeps apprised of industry related, political, and regulatory issues to determine their impact on specific industries or clients

Structures and evaluates credit requests

Is responsible for determining the credit worthiness of borrowers and recommending credit decisions

Performs all duties in accordance with the Credit Union's policies and procedures, as well as all state and federal laws and regulations

Performs independent credit analysis and risk assessment of new and existing credit requests

Including, but not limited to, preparing analysis of financial statements for businesses from quality of earnings reports, financial projections, and audited statements