Commercial Loan Underwriter

Company: Telhio Credit Union
Location: Columbus
Posted on: November 23, 2021

Job Description:

About the PositionThe Commercial Underwriter is the individual that is responsible for the administration of underwriting quality business loans, while providing quality service with solution opportunities and decision response time consistently. The Commercial Underwriter performs strategic planning in terms of researching and evaluating loan programs, loan policy, and work flow processes. This position provides department oversight ensures procedures, training, tools and team talents are in place so business loan approvals/ denials are within required timeframe and approval limits, following all applicable state and federal regulatory requirements as well Telhio's loan policy guidelines.Responsibilities

• Perform all work in a manner, which upholds/embodies Telhio's Core Values.
• Supervise the business underwriting department efficiently and profitability by underwriting quality loans.
• Work to ensure loan policy guidelines are followed to ensure consistency in loan approval/denials.
• Be creative and proactive in developing ideas to improve financial performance and ensuring a sound loan portfolio.
• Works to ensure underwriting turn time commitments are met.
• Ensure underwriters are structuring loans appropriately.
• Providing quality service to internal customers through undertaking risk assessment analysis of various types of lending proposals.
• Analyzing financial information such as balance sheets, income and cash flow statements, and periodic financial reporting of all types.
• Perform loan and portfolio level stress testing of financial results, collateral and credit variables.
• Develop models and methodologies of credit information to predict patterns and trends using specific statistical software.
• Stay informed of regulatory, policy and procedural requirements to ensure compliance throughout the underwriting and credit administration processes.
• Keep well informed as to market conditions as it relates to assessing risk in credit transactions.
• Liaising with other staff within the company, such as account managers and product specialists to support the delivery of new and expanded products and services to clients.
• Mentoring and Coaching other Department Team Members.
• Create and maintain an enjoyable and positive work environment for the underwriting team.
• Evaluate all aspects of loan, including loan structure, loan product and credit worthiness.
• Approve individual loan requests within loan authority.
• Review and Interpret Member Financial Data to approve, deny and/ or recommend loan products.
• Loan Policy Development.
• Portfolio Management and Monitoring.Qualifications
  • 2+ years experience underwriting.
  • Experience with government guaranteed and credit enhanced lending programs such as SBA 7A and 504 as well as USDA preferred
  • Direct experience with Buker's Tax Analysis and FSA analytical software would be beneficial.
  • Basic knowledge of credit administration, policy and procedures.
  • Good knowledge of economics and finance.
  • knowledge of risk analysis.
  • Effective technical report writing skills.
  • Ability to read and understand bank, financial statement and tax return documents.
  • Bachelor's degree in Finance, Business, Accounting or Statistics with a strong basis in financial accounting preferred
  • Talented in credit analysis supported by formal credit and cash flow training.
  • Well developed skills in the use of proprietary or non-proprietary analytical software.
  • Have a valid and unexpired Ohio drivers license.
  • Has the ability to work in a fast-paced environment.
  • Attention to detail.
  • Effective communication skills, oral and written.About TelhioTelhio is a full service credit union offering our members online banking, mobile apps, savings accounts, mortgages, and auto loans. The credit union philosophy is helping people versus making a profit, earnings are returned to the member-owners as higher savings rates, lower loan rates, lower fees, more convenient locations, new services, dividends, and more.We provide flexible scheduling and intermittent work from home options, Health, Dental, Vision Disability, & Life insurance, complemented by free gym memberships for employees enrolled in our Health insurance. We offer a matching, immediately vested 401(k) plan. Our generous schedule for paid holidays, vacation and personal time allow you the flexibility you need to maintain work-life balance; and we also offer employee training and an Employee Assistance Program (EAP).Physical DemandsThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of this job, you will need to have good manual dexterity as well as speaking and hearing ability. This position requires sitting; some reaching; standing; some stooping or kneeling. The employee must occasionally lift and move up to 50 pounds. It is expected that the employee will read, compile, compute and record numerical and statistical data. Must drive occasionally.This is a Non-Collective Bargaining Unit.Telhio is an Equal Opportunity Employer.

Keywords: Telhio Credit Union, Columbus , Commercial Loan Underwriter, Accounting, Auditing , Columbus, Ohio