GreenState Credit Union · 6 days ago
Commercial Services Underwriter
US-IA-North Liberty
Full-time
Onsite
Mid Level
$91K/yr - $106K/yr
3+ years expGreenState Credit Union is committed to creating lasting value for its members and communities. The Commercial Services Underwriter is responsible for analyzing and monitoring the credit worthiness of the commercial portfolio, conducting credit risk analysis, financial statement analysis, and underwriting commercial loans.
BankingFinanceFinancial Services
Responsibilities
Adheres to the Credit Union's core values and Service Standards in carrying out GreenState's mission and vision
Demonstrates teamwork in all interactions with co-workers and in the completion of all duties and responsibilities
Provides the highest level of internal and external customer service
Ensures confidentiality of member information
Plays a vital role by participating in community service organizations and/or credit union sponsored events, on an annual basis
Adheres to all state, federal and credit union regulations, policies and guidelines
Understands structure and pricing of borrowing relationship
Spreads and analyzes audited, reviewed and company prepared financials in addition to corporate and personal tax returns and personal financial statements
Analyzes financial information such as balance sheets, income and cash flow statements, pro- formas, and periodic financial reporting of all types
Prepares cash flow charts, test covenants, and determine collateral coverage position
Prepares credit proposal narratives for approval. Outline the risks and mitigating factors of a credit facility based upon an analysis of business and personal financial statements, collateral, global cash flow, economic and industry factors, debt service capacity, loan grades, and projected outlook
Presents analytical findings in a complete and concise underwriting narrative document
Performs loan and portfolio level stress testing of financial results, collateral and credit variables
Stays abreast of regulatory, policy and procedural requirements to ensure compliance throughout the underwriting and credit administration processes
Stays abreast of market conditions as it relates to assessing risk in credit transactions
Ensures loans are documented according to commitments and approvals through pre-closing review of loan transaction documents
Recommends supportable risk ratings for new loans and the renewal of existing commercial credit facilities to manage borrower and portfolio risk in a manner consistent with the Credit Unions credit philosophy
Develops and presents analysis of risk for new loan originations and renewals/modifications to respective loan approver(s) with recommendation
Analyzes current financial/collateral information on existing loans for the purpose of conducting periodic reviews to determine the ongoing credit worthiness of the credit facility/relationship, and documents the review in the standard Annual Review format or file memo, consistent with policy requirements
Identifies emerging risk issues and trends
Maintains credit files in accordance with guidelines, work with Commercial Lenders and Credit Analysts to insure that all necessary documentation is in the file
Researches and responds to internal (co-worker) and external (member or authorized third party) requests for financial information on commercial members
Qualification
Required
Bachelor's degree in Finance, Accounting, Business Administration, or Economics with a strong basis in financial accounting
Must have a minimum of three years of experience in traditional C&I, Commercial Construction, and Commercial Mortgage loan structures, covenants and documentation
Ability to coordinate and prioritize assignments and organize work efficiently. Good time management skills required to manage multiple assignments, meet deadlines, and work efficiently in a time sensitive environment
Ability to work independently and as part of a team
Excellent figure aptitude, with accuracy and attention to detail required
Knowledge of procedures, forms and regulations as they relate to commercial lending
Ability to deal tactfully and efficiently with members and co-workers on a professional level
Strong business writing and communication skills
Good analytical and decision-making skills
Well-developed credit analysis and analytical skills supported by formal credit and cash flow training
Proficiency in a wide variety of personal computer software programs, including the Microsoft Office application suite
Ability, availability and willingness to work additional hours as dictated by the workload
Strong analytical skills with excellent verbal, written and interpersonal communication skills
Self-directed nature, ability to work independent of supervision, and ability to follow directions
Maturity and discretion to handle confidential information and safeguard members' funds
Must be bondable
Benefits
Progressive benefit package
Company
GreenState Credit Union
GreenState Credit Union is a financial services company that specializes in online banking.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$100M2023-02-15Debt Financing· $100M
Leadership Team
Vikram Israni
CEO
Jenn Bleil
Chief People Officer
Recent News
Corridor Business Journal
2025-11-25
Corridor Business Journal
2025-11-20
Corridor Business Journal
2025-10-04
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