Commercial Underwriter
Salary undisclosed
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Job Description
We are looking for a Commercial Underwriter to join our client's team. The ideal candidate aligns with the responsibilities and qualifications outlined below.
Responsibilities:
We are looking for a Commercial Underwriter to join our client's team. The ideal candidate aligns with the responsibilities and qualifications outlined below.
Responsibilities:
- Evaluate and assess commercial loan applications to determine creditworthiness and risk.
- Analyze financial statements, credit reports, and other financial information to make informed lending decisions.
- Develop and recommend loan structures that meet borrower needs while minimizing risk for the organization.
- Conduct industry and market research to understand business trends and economic conditions affecting loan applicants.
- Collaborate with loan officers, clients, and other stakeholders to gather necessary information and ensure timely processing of loan applications.
- Prepare detailed credit proposals and present recommendations to senior management for approval.
- Monitor existing loan portfolios to identify potential risks and recommend appropriate actions to mitigate losses.
- Stay updated on regulatory requirements and industry best practices related to commercial lending.
- Bachelor’s degree in Finance, Economics, Business Administration, or related field.
- 3+ years of experience in commercial underwriting or related financial analysis roles.
- Strong analytical skills with the ability to interpret financial data and trends.
- Excellent decision-making and problem-solving abilities.
- Effective communication skills with the ability to interact professionally with clients and colleagues.
- Detail-oriented with a focus on accuracy and quality of work.
- Proficiency in financial analysis software and Microsoft Office Suite.
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