Business Banking Underwriter II/III

As a Business Banking Underwriter II/III at MidWestOne Bank, your primary responsibilities include underwriting business loans and credit card transactions using scoring models and traditional underwriting techniques. You will prepare business loan presentations, ensure compliance with regulatory guidelines, and coordinate loan closing documentation. This role also involves quality control by reviewing files for accuracy and completion while interacting with the credit administration department to facilitate collaborative service delivery.

To qualify for the Business Banking Underwriter II/III position at MidWestOne Bank, candidates should possess a Bachelor's degree and ideally have 4-6 years of banking experience. Experience in loan processing, credit analysis, or regulatory roles is preferred. Professional certifications in relevant fields can enhance your candidacy, and a strong understanding of compliance issues related to business lending is vital.

MidWestOne Bank is committed to the career development of its employees, especially those in the Business Banking Underwriter II/III role. The bank provides continuous learning opportunities through training programs designed to equip staff with the knowledge necessary for success in the Business Banking division. Employees are encouraged to pursue additional certifications and participate in workshops that enhance their skills and career prospects.

Business Banking Underwriters at MidWestOne Bank enjoy a collaborative and respectful work environment that fosters innovation and support. The culture emphasizes retention and empowerment, allowing employees to thrive in their roles. With a variety of employee benefits and unique perks, the workplace is designed to be both productive and enjoyable, and the company actively seeks to create an inclusive atmosphere for all team members.

At MidWestOne Bank, Business Banking Underwriters enjoy a comprehensive benefits package that includes competitive base compensation, health and wellness programs, and a 401(k) plan with company matching. Additional perks include paid time off, student loan debt reduction support, flexible spending accounts, and even fun initiatives like 'Take Your Dog to Work Day'. The bank values its employees and strives to provide benefits that support their personal and professional lives.

When addressing your experience with business loan underwriting, be sure to highlight specific examples of loans you’ve worked on, the analytical techniques you used, and any software or models you’ve engaged with. Discuss any compliance challenges you faced and how you ensured accuracy and adherence to regulations.

To ensure compliance during the underwriting process, mention your familiarity with specific regulations and guidelines relevant to business banking. Provide examples of how you've reviewed files for accuracy and how you stay updated on changes in laws and policies to mitigate risk.

Discuss your approach to risk assessment, including how you analyze financial statements, credit scores, and other key indicators. It's beneficial to reference any specific scoring models or risk assessment tools you have used to illustrate your analytical skills.

Explain the importance of collaboration with loan processing teams in your previous roles. Detail how effective communication and teamwork facilitate a smoother decision-making and pre-close process. Share specific scenarios where teamwork led to successful loan closings.

Illustrate your adaptability by discussing how you have previously managed changes in loan policy or regulations. Mention strategies you employ to stay informed and how you implement these changes in daily operations to maintain compliance.

Bring attention to your practical experience with origination platforms, describing which systems you have used, your proficiency level, and any contribution you made to optimize processes. Highlight any collaboration with technical teams or providers that enhances your understanding of the platform.

To address high-pressure situations, provide an example when you successfully met tight deadlines while maintaining accuracy and compliance. Discuss techniques you use to prioritize tasks and maintain focus, such as effective time management or stress-relief strategies.

Discuss the methods you employ to ensure quality control in underwriting, such as checklists, review processes, or peer audits. Stress the importance of double-checking documentation and compliance as well as how this maintains the bank's integrity and reduces risk.

Highlight your commitment to continuous learning by discussing any training programs, certifications, or industry webinars you avoid to enhance your knowledge. Share how you have applied this learning in your work to improve efficiency or compliance.

When discussing a challenging underwriting decision, provide context about the situation and the factors that made it complex. Illustrate how you approached the decision, the considerations you weighed, and what the outcome was, demonstrating your problem-solving skills.