Job Code: #867 Title: Commercial Bank Underwriter Date Posted: 02/12/2013 Job Type: Contract To Hire Job Location:
Reichard Staffing is hiring 5 Commercial Bank Underwriters for a well known financial institution located in Orlando, FL. This position is contract to hire with the hours of Monday-Friday 8-5pm.
Job Summary: The Commercial Underwriter assists lending function by gathering and analyzing credit information on current and potential borrowers and determining credit risk for diversified types of loans. Assists underwriters in writing loan requests and proposals. Promotes quality customer relations and refers customers to appropriate staff for new services.
Responsible for underwriting business loans (up to total borrower exposure of $2.5MM) within the Wholesale Lending Services division; supports commercial and wealth & investment management lines of business.
Reviews credit information to determine quality and sufficiency; makes recommendation for approval or decline.
Depending on the size of the credit request, may work with senior credit approval officers.
May underwrite loan requests that do not fit into defined risk pools.
May act as coach and mentor to others.
Incumbent would typically handle complex loans and/or loans of an exceptional basis requiring traditional underwriting.
Recommends approval/declines on credits up to and including $1MM.
Structures credit and recommends loan terms to credit approval officers.
Prepares analysis and preliminary terms for credit approval officer review and approval for deals which involve high levels of unique or complex financial arrangements.
Loans over $1MM requires working closely with credit approval officers.
Requirements:Minimum 3 years experience in commercial portfolio administration or underwriting and/ or 2 years of specialty experience
Bachelor’s Degree or equivalent work experience, Knowledge of accounting Foundational understanding of financial statement analysis and cash flows