SR. COMMERCIAL CREDIT UNDERWRITER

Description

ALLEGACY FEDERAL CREDIT UNION

POSITION DESCRIPTION

POSITION TITLE: Sr. Commercial Credit Underwriter   

REPORTS TO: VP, Commercial Credit Officer 

Role Accountability

At Allegacy, there’s a common thread that runs through all of us. It’s our commitment to doing right and our promise to members to always do the right thing for their wellbeing. Every employee in our organization is accountable to living out our brand in meaningful ways as our promise motivates our beliefs, our behaviors, and the benefits we share together. In order to achieve this state of success, this position will counsel our commercial lenders with regard to cash flow, risk analysis, loan structure, and resource referrals. Additionally, this position will identify problem loans and direct these to the VP, Commercial Credit Officer in a timely fashion.

Major Duties and Responsibilities:

• Support lending staff in the identification and assessment of business-purpose loan opportunities.
• Complete financial statement analysis, spreads, projections, personal cash flow analysis, consolidated cash flow analysis, and risk grade documentation. 
• Demonstrate mentoring regarding loan structure, eligibility, credit issues and underwriting to members of the commercial banking department.
• Assist in the evaluation of loan requests by performing initial underwriting and risk grade analysis in preparation for approval.
• Perform industry research and assessment when needed by the VP, Commercial Credit Officer. 
• Identify problem loans and direct this to the VP, Commercial Credit Officer in a timely fashion. 
• Support the VP, Commercial Credit Officer in NCUA Examinations and CUNA Risk Assessments 
• Monitor Special Asset credits and work with Commercial Credit Officer to develop and execute viable exit strategies and business plans.
• Develop a network for information exchange with other financial institutions to insure best practices.
• Develop and refine underwriting and analysis tools for Commercial/Industrial, Commercial Real Estate, and other business purpose loans.
• Ensure and manage the portfolio for accurate loan documentation, exception issues and loan processing in accordance with NCUA regulations and standard operating procedures and Allegacy Lending policy. 
• Completion of all required compliance training to include BSA.
• Represent AFCU in the communities we serve by actively participating in civic affairs and local and professional organizations to enhance AFCU’s image.
• Assume additional responsibilities as requested.

Knowledge, Skills and Abilities

• Advanced computer skills in Excel, Word, and database applications.
• Written and oral communication skills with all levels of organization
• Regulatory knowledge and understanding
• Proven analytical and judgmental skills

Requirements

Education / Experience:

Education Required: 4-year college degree in Finance, Accounting, or Economics or related field from an accredited college or university, and related training, such as: Commercial Bank Lending School (or similar program)

Experience Required: 7-10 years of financial analytical experience with business/commercial loans to include a complete understanding of the lending process, laws and regulations, credit and risk assessment.

Knowledge/Skills/Abilities: Extensive knowledge of PC applications, to include excel and PowerPoint. Proven ability to create and work well in a teamwork environment. Excellent phone, oral, written and presentation skills. Must be able to travel as necessary, and project a positive and professional image of Allegacy Federal Credit Union.