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Tri Counties Bank · 22 hours ago

Commercial Underwriter I, II or III

Chico, CA

Full-time

Onsite

Entry, Mid, Senior Level

$72K/yr - $120K/yr

3+ years exp

Tri Counties Bank is a well-established financial institution dedicated to providing exceptional service for individuals and businesses throughout California. The Commercial Underwriter is responsible for underwriting commercial business loans, analyzing financial information, and recommending loan actions while assisting the sales staff in maximizing cross sales efforts.

BankingFinanceFinancial Services

Responsibilities

Analyzes commercial loan applications received by Relationship Managers to determine eligibility of request. Provides prompt turnaround time upon request. Confers with Relationship Managers to determine client needs and discuss options for borrowers. Requests any additional information needed to complete processing and periodically attends client meetings to provide credit expertise. Approves or declines commercial loan requests within assigned limits. Recommends credit approval requirements including the establishment of financial performance covenants, monitoring requirements, and other loan provisions and ensures accurate grading of new and existing credits based on analysis

Coordinates the credit approval process, evaluates repayment, and mitigates risk

Analyzes key factors such as industry, management, and economic trends

Provides assistance and exceptional sales support to all sales staff in answering questions relating to commercial loans

Assures the customer loan request is processed accurately and timely. Coordinates with appraisal department and escrow companies for secured loan products

Orders business credit reports and personal credit reports on business principals

Coordinates compliance, decline letter preparation and maintenance of adverse action database

Maintains a log of maturing lines and coordinates renewal process to ensure that necessary information is received prior to line maturity

Monitors past due loans for assigned portfolio(s) and recommends action to sales staff or contacts customers directly, as appropriate. Maintains a log of pending action or resolution for past due loans

Assists Relationship Managers as needed in the preparation of Interim Credit Reports and Real Estate Update Memos

Maintains a current understanding of Bank underwriting guidelines, procedures, policies and compliance issues. Maintains a working knowledge of regulatory requirements for documentation and regulations relating to commercial lending

Maintains a current understanding of Bank policies and procedures in compliance with all federal and state laws, including but not limited to Bank Secrecy Act (SARs, CIP, OFAC), Information Security (GLBA), Identity Theft Red Flags, Financial Elder Abuse Reporting, and any other applicable regulations that may be specific to your job duties

Inputs application and financial information

Performs Commercial Credit Officer duties in their absence as needed

Performs other work-related duties as assigned

Orders the preparation of loan documentation and reviews for completion

May be asked to provide formal or informal training and support to various colleagues within the bank and across multiple job functions with regard to credit fundamentals, policy, and underwriting techniques and guidelines

Assists Commercial Loan Supervisor in the development and completion of special projects, spreadsheets, graphs, and reports as assigned

Qualification

Commercial lending experienceFinancial analysisCredit risk assessmentLoan structuringMicrosoft Office proficiencyCommunication skillsOrganizational skillsTeam leadership

Required

High school diploma or GED required

Three years' experience in a small business/commercial lending environment

Established knowledge of financial accounting theory and logic, loan structuring, commercial products and services

A proven ability to interpret and discuss analytical data and make credit recommendations to Senior Management and/or Risk Management on strategic issues or initiatives

Excellent organizational skills with efficient work demeanor that allows involvement in multiple areas

Ability to utilize personal computers, and Windows-driven programs, with an emphasis on the Microsoft Office suite of applications, specifically Word and Excel

Ability to complete a high volume of work efficiently and with accuracy

Excellent verbal and written communication skills

Preferred

Undergraduate degree in Finance, Business Administration or Accounting, or related work experience preferred

Five years of proven experience in a small business/commercial lending environment

Must have substantial experience in small business/commercial lending and credit analysis

Must have a thorough understanding of commercial financial statements and an ability to communicate with commercial business owners

Must be able to analyze financial information, prepare cash flow and ratio analysis

Must have experience in loan recommendations and provide a concise loan write up

Experience in statistical portfolio management

Ability to supervise in manager's absence

Possess leadership abilities in a team environment and provide project leadership

Serves as a product specialist and a technical consultant to branches and sales staff and provides assistance and exceptional sales support in answering questions relating to small business/commercial loans

Provides guidance to the Commercial Underwriter I when appropriate and recommends appropriate loan structure when presented with loans for approval

Assists the Commercial Loan Supervisor in identifying training needs for staff within the department

Demonstrated ability to interpret and underwrite the most complex commercial credits in the Bank with minimal guidance or oversight, seven years of experience

Subject matter expert across a broad range of credit topics including financial statements and cash flow analysis, the regional commercial real estate market, and working capital finance

Track record of appropriately utilizing credit approval authority to make sound credit recommendations on complex commercial credits in line with the Bank's credit culture, policies and procedures

Will serve as team leader for respective regional commercial underwriting group and in various departmental and bank wide projects

Must have ability to train and mentor junior credit personnel

Expert user of Bank systems, software, and third-party vendor platforms

Ability to perform primary relationship management or credit administrator functions in place of Relationship Managers and Commercial Loan Supervisors