Apply on Employer Site

Community Bank, N.A. · 1 week ago

Senior Commercial Credit Underwriter

DeWitt, NY

Full-time

Onsite

Senior Level

$72K/yr - $125K/yr

5+ years exp

Community Bank, N.A. is dedicated to providing high-quality financial services and products. The Senior Commercial Credit Underwriter will assess the credit quality of commercial clients, ensuring accurate evaluations and facilitating credit needs while collaborating with relationship managers.

BankingFinancial ServicesPersonal FinanceWealth Management

Responsibilities

Underwrite new requests and material modifications from deal screen through approval, ensuring a smooth transition of new customers/loans to the monitoring team for ongoing credit monitoring

Examine all relevant credit and financial data, including financial statements, tax returns, due diligence reports, credit bureaus, appraisals, internal credit information, industry research, and peer data. Determine the need for further investigation or additional information and coordinate its collection

Conduct thorough credit analyses for the Bank’s commercial transactions, including independent credit quality assessments with well-supported risk ratings, identification of credit risks and mitigants, industry concerns, market trends, financial trends, and other pertinent credit issues. Based on underwriting parameters, recommend the risk rating

Work closely with relationship managers and portfolio managers throughout the deal process, from deal screen through approval

Spread financial statements and prepare financial models designed to sensitize various conditions impacting the proposed transaction. Prepare cash flow, collateral schedules, covenant sensitivity calculations, financial models, and guarantor statement analysis as appropriate

Attend client/prospect calls with RMs to gain a thorough understanding of the client/prospect and their business to effectively analyze and underwrite the proposed transaction

Assist in the structure of loan requests, where appropriate, to include suggestions on terms, conditions, controls, collateral, and guarantors

Demonstrate a deep understanding of the financial regulatory environment as it applies to underwriting various commercial credit transactions. Ensure Policy Compliance: Verify adherence to the Commercial Credit Policy and evaluate any risks associated with non-compliance

Present analysis or address questions during credit request discussions or committee presentations

Follow applicable compliance and operational risk controls in accordance with company or regulatory standards and policies

Complete other related duties as assigned

Provide assistance wherever necessary to help the department and the bank in achieving their annual goals

Train newly hired or junior underwriting staff and assist in annual credit reviews as needed

Assist in the presentation of transactions to the credit committee in support of approval

Qualification

Financial analysisCredit underwritingFinancial modelingCommercial loan transactionsRegulatory complianceTeam collaborationCommunication skillsOrganizational skills

Required

Bachelor's Degree in Business field of study (finance, economics, accounting, management); advanced credit analysis and loan structuring training required, MBA and/or CPA a plus

All applicants must be 18 years of age or older

Highly proficient financial analysis skills, including financial modeling and understanding of financial data for commercial loan transactions

Ability to work well with a team, adjust quickly to various work situations, and remain composed under pressure

Ability to work independently on multiple long-term transactions simultaneously, while prioritizing assignments to meet deadlines

Excellent verbal and written communication skills

Formal Credit training and 5+ years' experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis with experience underwriting middle market Commercial & Industrial (C&I) and Commercial Real Estate (CRE) loans

Proven organizational skills; able to work independently with limited supervision and be detail-oriented

Proven analytical ability