COMMERCIAL UNDERWRITER II (Remote - AR, TN, AL, MS, and LA)

Title: Commercial Underwriter II

Department: Commercial Lending - Credit Department

Reports To: Vice President, Senior Credit Officer

Supervises: N/A

Job Classification: Full-time, Exempt

Location: Remote - AR, TN, AL, MS, and LA

The Opportunity

The Commercial Underwriter II is responsible for conducting a credit and financial analyses for new loan requests to evaluate safety and soundness while minimizing risk for the organization. Generally, the Commercial Underwriter II will be responsible for some complex loans and analyses, consisting of LIHTC (Low Income Housing Tax Credit), Medium to Large Commercial Real Estate transactions and Commercial Industrial Loans. The Commercial Underwriter II will progressively review and underwrite New Market Tax Credits transactions. The Underwriter may assist Portfolio Management and other areas of the Commercial Lending team as needed.

Essential Job Functions
• Collaborate with the loan officers and market leaders to discuss credit requests and develop strategies to identify and mitigate any potential risk.
• Conduct initial review of the incoming loan packages by determining creditworthiness and compliance with the Credit Union's policy and the NCUA.
• Analyze applicant's business operations, historical cash flow, balance sheet and financial condition, management structure, collateral, projections and compare these elements to RMA when applicable.
• Calculate appropriate financial ratios utilizing, but not limited to, the following methods UCA, Net Operating Income, EBITDA, and Global Debt Service.
• Research and investigate applicable industry and market data/trends.
• Coordinate and incorporate third party reports into the credit analysis when appropriate.
• Review and determine viability of projections, when applicable, for the analysis.
• Review and restructure deals as appropriate.
• Prepare a credit memorandum for presentation to the Credit Committee, with final recommendation.
• Participate in the periodic review of existing portfolio credits, as needed
• Assist in the preparation of Loan Extensions/Modifications, as needed
• Stay abreast of NCUA regulations, industry changes and the credit culture.
• Perform general administrative duties such as attending meetings, report production, etc.
• Assist with special projects as requested/assigned by manager

Required Qualifications
• Bachelor's Degree in Finance or Accounting
• 3 or more years of experience in commercial credit analysis and underwriting
• Proven expertise in credit and financial analysis, with strong verbal and written communication skills)
• Proficient in navigating multiple computer systems and applications, with expertise in financial spreadsheets, document creating and/or editing

Preferred Qualifications
• Experience in development finance is preferred
• Experience with Moody's KMV Financial Analyst or Baker Hill / NextGen, or similar financial spreading software or applications

Competencies/Skills
• Ability to read and interpret documents and write routine reports and correspondence
• Ability to speak effectively before groups of customers and employees of the organization
• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals
• Ability to compute rate, ratio and percent and interpret data.
• Ability to deal with problems involving a few concrete variables in standardized situations.
• Ability to evaluate creditworthiness from multiple structured and unstructured variables.
• Ability to restructure loans as necessary.

Physical Demands
• Employee is regularly required to sit, stand and walk
• Employee will use hands to finger, handle or feel, reach with hands and arms, and talk or hear
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions

Comprehensive Benefits Package
• Paid Vacation and Sick Time
• 11 Paid Holidays
• 401(k) with Company Match
• Medical, Dental, and Vision Benefits
• Flexible Spending Account (FSA)
• Disability Benefits
• Life Insurance, Critical Illness, Accident
• Employee Assistance Program (EAP)
• Tuition Reimbursement, Professional Development

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

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