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New Horizon Bank · 2 days ago

Senior Commercial Underwriter - Richmond, Virginia

Richmond,VA,US

Full-time

Onsite

Senior Level

7+ years exp

New Horizon Bank is focused on building a dynamic banking experience driven by grit and execution. The Senior Commercial Underwriter is responsible for evaluating, analyzing, and underwriting complex commercial credit requests to support the bank's loan growth and asset-quality goals.

BankingCustomer ServiceFinancial Services

Responsibilities

Underwrite commercial credit actions by reviewing financial statements, analyzing borrower risk ratings, and recommending appropriate loan structuring

Collaborate with loan officers and other team members to gather additional information and clarify borrower details

Ensure all parties are kept informed of underwriting progress and outcomes

Communicate decisions and recommendations clearly and effectively to both internal and external stakeholders

Provide guidance and support to teammates on underwriting procedures and information needs

Prepare detailed reports and documentation to support underwriting decisions

Source, compile, and interpret financial data to support the structuring and approval of loans

Review industry information, key risks, mitigants, and collateral to form a comprehensive business overview of the borrower

Utilize analysis results to underwrite commercial loans effectively

Prepare credit analysis documentation and servicing information

Identify and evaluate risks associated with new and existing commercial credit requests and relationships through thorough review and analysis

Collaborate with Bank associates and partners to address risk issues, communicate review schedules, and manage changes in the commercial portfolio

Assist in coordinating review and renewal schedules for existing credits, supporting ongoing risk identification and management

Ensure all underwriting decisions align with the bank's credit policies and procedures

Identify cross-sales opportunities for new and existing relationships based on analytical activities

Partner with associates and clients to determine needs and structure new requests, renewals, and modifications

Maintain up-to-date knowledge of industry regulations, market trends, and best practices

Qualification

Underwriting principlesCredit analysisRisk managementUnderwriting softwareMicrosoft Office SuiteAnalytical skillsProblem-solving skillsDecision-making skillsCommunication skillsInterpersonal skills