Gulf Coast Bank and Trust Company · 4 days ago
Underwriter - Franchise Finance
Chicago
Full-time
Onsite
Mid Level
3+ years expGulf Coast Bank and Trust Company is seeking an Underwriter for Franchise Finance who will evaluate franchise and other loan program applications. The role involves conducting in-depth financial analysis and preparing recommendations for loan approvals or denials.
Banking
Responsibilities
Performs a variety of duties to support the Lending/Franchise Finance team which includes, but is not limited to, Collecting, analyzing, and evaluating financial and related data to determine credit worthiness of loan prospects and merits of specific loan requests
Reviews application for completeness
Requests missing information
Maintains and organizes the loan file
Orders third party reports (credit reports, background checks, eligibility items, appraisals, etc.), prepares financial spreads
Works in coordination with the Business Development Officer and other team members to gather all necessary information to present an accurate and complete picture of the loan presented
Calls on loan applicants to fully understand their business model, financing needs and specific risks the business encounters
Perform in-depth due diligence and analysis for cash flow, financial capacity, and eligibility, including, but not limited to the following: Spread and interpret financial statements, tax returns, and projections
Complete the spreads to include an analysis of the balance sheet, income statement, cash flow analysis, personal cash flow analysis, collateral analysis, global cash flow, economic and industrial factors, and debt service capacity
Compare the subject business to the appropriate industry market conditions and ratio analysis
Prepare the comprehensive Credit Approval Memorandum with a credit decision recommendation in accordance with company Policy and Procedures and the current Standard Operating Procedures. The analysis will include an outline of the risks and mitigating factors of the loan request based upon the overall analysis of the application and supporting documents
When needed, the Underwriter will provide additional recommendations on a revised loan structure that will better fit the applicants’ financial needs
Assignment of accurate risk ratings for new loans to minimize the Bank’s credit philosophy
Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of sexual harassment and other forms of illegal discriminatory behavior in the workplace
Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the bank’s compliance with all regulatory requirements
Assists with various administrative tasks to support department operations, as directed; may also be assigned special projects
Adheres to policy & procedure of the Franchise Finance group and must comply with BSA/AML/OFAC regulations and guidelines
Participates in outside classes, seminars, meetings, and training to constantly improve development, remain current and aware of new growth opportunities
Follows all safety and security procedures
Performs other related duties as assigned
Qualification
Required
Bachelor's degree required, with a preference for a degree in Accounting, Finance, Economics or other related fields required
Minimum of 3 years of experience, preferred
SBA 7(a) credit underwriting experience is a plus
Demonstrate excellent communication (written and verbal) and interpersonal skills
PC Proficiency in Desktop, Laptop, Tablet, and Smartphone devices as well as Microsoft Office Suite software
Ability to work well independently and within a team environment with proven ability to meet deadlines
Attention to detail is imperative
Must have strong organizational and time management skills with the ability to learn and prioritize specialized loan processing tasks
Must be a self-starter with the ability to multi-task
Ability to travel if required to perform the essential job functions
Ability to work under stress and meet deadlines
Ability to read and interpret a document if required to perform the essential job functions
Prolonged periods of sitting at a desk and working on a computer may be required
Ability to lift/move/carry approximately 15 pounds if required to perform the essential job functions
Company
Gulf Coast Bank and Trust Company
Welcome to Gulf Coast Bank & Trust Company, one of the largest community banks in Southeast Louisiana.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
G
Guy Williams
Chief Executive Officer
B
Bruce Falkenstein
Executive Vice President, Chief Lending Officer
Recent News
New Orleans CityBusiness
2025-10-29
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