Commercial Underwriter Job Description
Commercial underwriter
provides credit support / solutions / recommendations / advice / alternative options when evaluating/analyzing credit applications for decisions in accordance with Bank policies and procedures.
Commercial Underwriter Duties & Responsibilities
To write an effective commercial underwriter job description, begin by listing detailed duties, responsibilities and expectations. We have included commercial underwriter job description templates that you can modify and use.
Sample responsibilities for this position include:
Maintains a current understanding of Bank underwriting guidelines, procedures, policies and compliance issues
Review commercial loan applications and analyze credit information to make a general assessment of applicant’s creditworthiness
For CRE loans, conduct in-depth review of rent rolls, leases, balance sheets, income statements and tax returns presented by applicants to assess their ability to generate income sufficient to repay existing and proposed debt
Identify risks and assist in structuring the loan to mitigate risks
Regularly accompany Corporate Banker on customer calls
Interact with account officers to negotiate loan terms and follow up on information required to decision the application
Review commercial loan applications and analyze credit information to make a general assessment of applicant’s creditworthiness and a preliminary determination whether or not the proposed loan will conform to the bank’s lending policy
With guidance from Manager or Sr
Actively participate with lending officers in the preparation of commercial loan proposals for committee presentation, including review of financial statements, projections, site visits and customer calls
Obtains and analyzes pertinent financial and credit data to assist in determining the strengths and weaknesses of new loan requests
Commercial Underwriter Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Commercial Underwriter
List any licenses or certifications required by the position: AFSB, CPA, CFE, AAP, ACH, CPCU
Education for Commercial Underwriter
Typically a job would require a certain level of education.
Employers hiring for the commercial underwriter job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Education, Business, Finance, Accounting, Military, Management, Business/Administration, Economics, Communication, MBA
Skills for Commercial Underwriter
Desired skills for commercial underwriter include:
Procedures
Credit policies
Practices and documentation
Regulation CC
Regulation E
Industry practices
Bank's written policies and procedures regarding Bank Secrecy Act
Bank Security and other regulations as applicable to this job description
Advanced accounting principles and techniques
Day-to-day work activities
Desired experience for commercial underwriter includes:
Participates in job specific government training, various bank training programs including BSA, AML and other compliance programs as required
May work with attorneys and other financial or legal resources to obtain correct and accurate documents to fully protect the financial institution’s interests in the credit relationship
RMA Credit Risk Certified
Credit administration, compliance or lending experience in mid-size bank
Bachelor’s degree in business related field business with emphasis in management, accounting, finance or a related field or equivalent professional experience
All candidates must have superior verbal, written and organizational skills and possess an understanding of business and personal financial statements
Commercial Underwriter Examples
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Commercial Underwriter Job Description
Job Description Example
Our company is looking to fill the role of commercial underwriter. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for commercial underwriter
- General Underwriting responsibilities and ongoing negotiations such as qualitative and quantitative assessments and Negotiate terms and conditions
- Responsible for ensuring adherence to Underwriting Processes for ASI and Underwriting Guidelines
- Ensure effective management of client relationships with both existing and potential clients
- Assist in any ad-hoc projects
- Regularly accompany Relationship Manager on customer calls
- Developing and retaining a commercial agent client base through the support and maintenance of agents engaged in commercial transactions
- Acting in the most senior capacity for a region providing commercial underwriting service and support to the region’s agents involved in commercial transactions
- Developing and maintaining effective business relationships with assigned agents, internal and other external clients in order to attract, develop and retain profitable business for the region
- Retaining and expanding agency relationships throughout region/market by assessing the agents’ potential for growth in the commercial market and serving their underwriting needs
- Using underwriting standards and guidelines within delegated authority limits to underwrite the issuance of title insurance and provide guidance in the performance of real estate settlement services
Qualifications for commercial underwriter
- Business degree with accounting background
- Undergrad degree in a statistical, mathematics or business related discipline desirable
- Proven analytical and technical capability with an innovative, creative approach to client solutions, this role will be a strong mix of both
- Excellent communication and interpersonal skills in a must - ability to effectively manage internal and external client relationships
- Underwriting experience is not necessary but financial services experience is desirable
- Use of tact/empathy/influence in dealing with agents, co-workers
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Commercial Underwriter Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of commercial underwriter. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for commercial underwriter
- Communicating proactively with and respond to agents in a timely manner
- Staying visible in assigned marketing area by attending real estate industry functions and participating in community and real estate
- Responsible for Credit File maintenanc
- Responding to agent’s requests and inquires on a timely basis
- Spread statements for all new business opportunities and renewals not assigned to credit portfolio analyst
- Prepare credit memos for new and renewal requests on complex credits and large clients, including those going before the Senior Credit Committee
- Work directly with Senior Relationship Managers, Business Unit Managers, and Regional Presidents in respective region
- Serve as additional point of contact on large credits and be present with RM/RA in discussions with client on financial statement questions
- Develop and leverage productive agency/client relationships focused on relationship building rather than transactional sales through a disciplined sales management approach
- Review loan documents for adherence to credit approval
Qualifications for commercial underwriter
- Exposure to a wide variety of commercial credits and the professional/executive market segment is preferred understanding of business and personal financial statements
- Demonstrated desire to continue professional growth/education
- Prices business according to Company underwriting and pricing guidelines
- Bachelor’s degree in a business-related major or equivalent professional training and experience
- High energy, pro-active self-starter
- Working broad-based knowledge of relevant insurance laws and statutes
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Commercial Underwriter Job Description
Job Description Example
Our company is growing rapidly and is hiring for a commercial underwriter. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for commercial underwriter
- Ensures full compliance with Western Federal Credit Union Service Standards, policies, procedures and the Bank Secrecy Act
- Analyzes the operations and exposures of various commercial lines risks, including new business, renewals, and policy changes (including Certificates of Insurance)
- Travels to the field to attend and participate in agency field meetings
- Reviews applications for insurance coverage, reports from loss control consultants and other information to determine if application is acceptable for the program(s) available
- Reviews requests for cancellation, endorsements
- In addition, the Commercial Underwriter III (CUW-III) will be responsible for preparing basis and comprehensive credit analyses on commercial loans that facilitates the credit approval process, with minimal supervision by Underwriting Manager (UWM)
- Assists in the completion of highly sensitive regulatory and compliance functions by gathering and compiling (non)routine data for moderately complex reporting
- Assists more experienced Credit Analysts in completing internal, client required and external audits/reviews (ex
- Assists with training and moderately complex projects
- Analyze information on documents
Qualifications for commercial underwriter
- Minimum 7 years of experience in commercial credit analysis with demonstrated skills in areas such as cash flow and financial analysis
- Occasionally stand and walks
- Frequently sits
- Bachelor’s degree (BA) from a four (4) year college or university, and minimum of four (4) years or more related experience and/or training
- AU or CIC designation or completion of sections 500/510, 520 or 530 of CPCU courses preferred
- 5+ years commercial credit and SBA loan operations experience
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Commercial Underwriter Job Description
Job Description Example
Our growing company is looking for a commercial underwriter. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for commercial underwriter
- Conducts agent training programs
- Approves various truck filings on commercial auto risks or exercises judgment in refusing filing request
- Prepares reports for management regarding claims and profitability of accounts, and makes recommendations regarding appropriate course of action
- Prepares void requests to be submitted to the Law Department and gathers necessary information and makes recommendations regarding requests for reformation of policies
- Responds to inquiries and complaints from agents, policyholders or other external entities
- May attend industry seminars and training programs
- May serve on department or company committees or participate in special projects
- Responsible for effectively training agents
- Monitors total insurable value of property or limits of liability for adherence to reinsurance guidelines or referral to supervisor
- Prepare high-quality, detailed credit approval documents that contain an in-depth analysis and an understanding and identification of credit issues and risks
Qualifications for commercial underwriter
- 5+ years demonstrated success in effectively underwriting commercial and SBA loans
- Proficient knowledge of all SBA loan programs including Express, 7A and 504
- Expertise with financial analysis tools and sophisticated financial spreading software
- General knowledge of bank accounting, financial statement preparation, and tax return preparation in order to develop opinions and recommendations
- Excellent written and oral communication skills required in order to provide a clear and understandable recommended action
- Strong attention to detail, problem solving skills, and ability to prioritize work to execute tasks in a fast-paced, deadline driven environment
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Commercial Underwriter Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of commercial underwriter. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for commercial underwriter
- Ensures thorough knowledge of cash flow analysis, ratio analysis and projections commercial loan structuring and documentation, commercial real estate appraisal techniques, field audit examination techniques and Credit Union regulations governing commercial banking to ensure accurate underwriting
- Interfaces effectively with all levels of Credit Union professionals and vendors including loan officers, credit managers, loan closers, appraisers, accountants and auditors to ensure loan to ensure accurate underwriting and provide Superior Member Service
- Identifies risks and assists in structuring the loan to mitigate risks, assigns loan risk ratings
- Recommends alternate credit structures or products that eliminate the policy exception and protect the Credit Union’s interest when necessary
- Assists in developing plans to improve profitability and gathers pertinent competitive information to assist in developing recommendations to product development
- Maintains all underwriting quality standards
- Reviews third-party reports and performs property inspections
- Researches technical underwriting issues and problems in order to provide alternatives and solutions
- Develops information regarding market conditions and overall industry knowledge
- Provides Just-in-time technical assistance and on-the-job training to develop underwriting personnel
Qualifications for commercial underwriter
- Exceptional communication skills, both written and verbal, that can be demonstrated with business partners
- Strong proficiency with technology and business computer applications, and the ability to demonstrate significant focus with computer applications
- Strong personal drive and initiative, demonstrated work ethic, and ability to work as a team
- Must have the ability to be bonded
- Occasional travel between local branches through out Sonoma County and the Bay Area California
- Win concessions without damaging relationships