Commercial Loan Underwriter
First Central Savings Bank
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- Pay
- $100K to $130K
- a year
- Location
- Glen Cove, NY
- Work style
- On-site
- Posted
- Oct 4
- 16 days ago
Career path
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About the company
First Central Savings Bank
Banking · 51 to 200 employees
What you'll do
- Evaluate clients’ creditworthiness and ability to repay loans and lines of credit.
- Analyze commercial loan requests, write loan memoranda, identify potential credit problems, and support lending recommendations.
What you need
- Requires prior commercial loan underwriting experience at a commercial bank and familiarity with CRE and C&I underwriting.
- Requires understanding financial documents, concise writing, attention to detail, professional communication, and fluency with Excel, Word, and Outlook.
Key skills
Commercial loan underwritingCredit risk analysisExcelWordOutlookTax returnsFinancial statementsLoan request memorandaAttention to detailsC&I
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Purpose:
The Commercial Loan Underwriter will evaluate the credit worthiness of clients and determine their ability to repay loans and lines of credit.
Salary Range $100k - $130K commensurate with experience (
This is not a remote position)
Essential Job Functions:
Perform financial, cashflow, and credit risk analysis of commercial loan requests
Ability to create interpret and understand tax returns, financial statements, personal financial statements, accounts receivable aging schedules, rent rolls, etc.
Ability to create Excel spreadsheets from the documents listed above.
Interpret and understand appraisal reports, environmental reports, credit bureau reports, ACRIS, LexisNexis,4506-C, etc.
Write thorough and concise loan memoranda supporting recommended lending requests.
Familiarity and adherence to the Bank’s Lending Policy.
Order investigative reports to assist with loan underwriting.
Maintain shared system document portfolio in accordance with Bank standards.
Identify potential credit problems and make recommendations to senior management.
Interact professionally with team members, and other departments within the Bank such as retail branches, loan officers, Loan Administration/Operations, etc.
Assist with other department tasks as needed.
Required Knowledge, Skills and Abilities:
Prior commercial loan underwriting experience at a commercial bank
Experience and familiarity with commercial loan underwriting; CRE and C&I
Ability to understand tax returns, financial statements, and other pertinent financial documents
Ability to write thorough, yet concise, loan request memoranda
Excellent attention to details, and ability to adhere to established Bank lending
policies
Ability to communicate professionally and concisely with Bank attorneys and brokers.
Fluent with Excel, Word, and Outlook
applications