Job details

Commercial Underwriter

Who are we looking for?This position is primarily responsible for preparing financial analyses of current and prospective commercial card customers, analyzing industry and economic conditions, completing cash flow analysis, completing full underwriting presentation and performing credit investigations to make recommendations as to the creditworthiness of borrowers and protect the client bank from losses. The incumbent provides the highest quality of service to every customerExperience: 3+ years of experienceFunctional Skills:• Review and analyze commercial card application documents for completeness, creditworthiness and compliance• Prepare detailed credit memorandums that include financial analysis, repayment ability calculation, industry research and forecasts, collateral analysis, management structure, projections analysis, and guarantor reviews. Prepares cash flow for borrowers according to established policies and procedures accurately and timely to aid in the analysis of a borrower's creditworthiness.• Contacts internal/external customers and other parties as appropriate to gather information and to clarify inconsistent, incorrect or missing information.• Coordinate and incorporate 3rd party reports into the credit analysis• Review tax returns and tax transcripts as part of credit due diligence• Prepare approval letters• Review and address credit approval conditions and covenants• Responsible for demonstrating an understanding of all commercial products, pricing, and coverages. This includes interpretation and demonstrated knowledge of authority level, guidelines, and additional underwriting resource material to achieve quality metrics.• Exercises judgment to identify, diagnose, and solve problems within given rules.• Works independently on a range of complex tasks, which may include unique situations.• Meet production goals while maintaining quality and complianceKnowledge, Skills and Abilities:• Minimum of three (3) years' experience in credit analysis and underwriting of commercial cards• Formal bank Credit Training Program• Computer literate; proficient with Microsoft Office products, i.e. Word, Excel, Outlook, etc.• Strong organizational, verbal and written communication skills are required• Keen analytical, and decision-making skills are required• Ability to establish and maintain effective work relationships both internally and externally.• Knowledge of accounting, tax laws, bank policies, procedures and government regulations.

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CEO of Mphasis

Nitin Rakesh

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$80000 / ANNUAL (est.)

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$60K

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What You Should Know About Commercial Underwriter, Mphasis

At XYZ Bank, we're on the lookout for a talented Commercial Underwriter to join our dynamic team in beautiful Maitland, FL. This pivotal role is all about diving into the financial world of our commercial card customers. As a Commercial Underwriter, you will prepare comprehensive financial analyses, examining current and prospective clients, while keeping an eye on industry and economic trends. You’ll be performing detailed cash flow analyses and crafting a full underwriting presentation that includes all the nitty-gritty details that go into assessing creditworthiness. Your keen eye for detail will ensure that each analysis reflects our standards of excellence, helping to protect the bank from potential losses. We require at least three years of experience in credit analysis and underwriting, backed by a formal bank credit training program. If you thrive in an environment where you can independently solve complex problems and collaborate with clients to gather important information, this opportunity is for you. We pride ourselves on providing the highest quality of service, and your role will be essential in enhancing our relationships with internal and external partners. If you’re ready to take your expertise in financial evaluation to the next level and contribute to our mission at XYZ Bank, we’d love to hear from you!

Frequently Asked Questions (FAQs) for Commercial Underwriter Role at Mphasis

What qualifications are needed for a Commercial Underwriter at XYZ Bank?

To become a Commercial Underwriter at XYZ Bank, candidates should have a minimum of three years of experience specifically in credit analysis and underwriting of commercial cards. Completion of a formal bank credit training program is also essential. Strong organizational and communication skills, along with proficiency in Microsoft Office products, are necessary to perform the job effectively.