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America First Credit Union · 2 weeks ago

Commercial Underwriter I

Utah

Full-time

Onsite

Entry Level

2+ years exp

America First Credit Union is seeking a Commercial Underwriter I to join their Commercial Underwriting Department. This role involves underwriting, reviewing, and analyzing business financial performance as part of the commercial loan origination process, while providing high-quality service to business members and supporting credit union operations.

FinanceFinancial ServicesNon Profit

Responsibilities

Maintaining the underwriting, analysis and evaluation of commercial loan applications per credit union policy, procedure, and industry standards

Spreads financial information of new loan applications to provide sufficient understanding of the borrower’s financial position, managerial strategy, and expected financial performance

Analyzes financial statements and formulates questions about borrowers and guarantors to understand borrowing position and risk

Tests presumed collateral value and performance utilizing the income capitalization and other relevant methods

Provides brief written analysis for the preflight screening of all new loan originations. This includes but is not limited to the analysis of: management, financial statements, and collateral. Identifies key risk to repayment sources and provides mitigants

Provides written analysis for the credit presentation to senior management, ALM, and those with credit approval authority

Assists with opening new business accounts for new loans

Supporting the management and monitoring of the commercial loan portfolio

Works with team to collect required financial reporting from existing borrowers

Regularly reviews loan portfolio for potential delinquencies and upcoming maturing loans and works with commercial loan officer to resolve these in a timely manner

Analyzes financial statements of existing borrowers to provide sufficient understanding of the borrower’s current financial position, current financial performance, and strategic performance

Measures borrower compliance with loan contract covenants

Updates loan risk grades using the commercial loan grading risk model

Compiles all the above information in a summary annual review of the findings, which is reported to management on an annual or quarterly basis

Establishing and maintaining effective coordination and communication with credit union personnel and with management

Assists all other employees in operational duties as needed. Informs departments and branches as needed

Completes required reports, records and other documentation

Attends and participates in meetings and trainings as required

Keeps management informed of area activities. Immediately reports any significant problems or concerns

Other related duties as required or assigned

Stays informed regarding local and national economic conditions. Monitors legal and regulatory changes

Ensures proper maintenance, cleanliness, and security of work area. Ensures member confidentiality

Accountable to review and respond to policy violations and document rejects in a timely manner

Completes special projects and other duties as assigned

Qualification

Financial analysisUnderwritingCommercial lendingCredit worthinessGAAP knowledgeMS Office proficiencyCommunication skillsProblem-solving skillsInterpersonal skillsOrganizational skills

Required

Bachelor's Degree in Business or related field or equivalent combination of formal training and experience

Thorough knowledge of Credit Union products, services, policies, and procedures including but not limited to: consumer and residential lending practices

Understanding of accounting functions, financial statements, and GAAP requirements

Understanding of business lending functions

Understanding of credit worthiness

Understanding of training and development processes

Understanding of MS Office software applications

Minimum of 2+ years of progressive credit union experience or college education, preferably in areas where accounting, underwriting, and financial analysis skills were demonstrated

Experience reading, dissecting, and interpreting financial statements required

Excellent communication and interpersonal abilities

Excellent phone skills and professional phone etiquette

Excellent problem-solving, analysis, and financial skills

Strong ability to prioritize tasks and assignments. Highly organized and attentive to detail

Highly motivated and able to motivate others

Willing to cooperate with and assist others

Able to use PC, printer, phones, fax, and business equipment

Able to operate required computer applications and software

Able to analyze loan documents, financial statements, and other borrower information

Able to achieve goals