Credit Underwriter Job Description

Credit Underwriter Job Description

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Credit underwriter provides leadership and oversight to the end-to-end relationship credit management process covering Origination Support, Transaction Structuring, Risk Grading, Risk Analysis & Credit Approval, Documentation, Portfolio Monitoring (well managed), and Specialised Industry Research.

Credit Underwriter Duties & Responsibilities

To write an effective credit underwriter job description, begin by listing detailed duties, responsibilities and expectations. We have included credit underwriter job description templates that you can modify and use.

Sample responsibilities for this position include:

Knowledge of vendor programs, score card techniques, online credit system, financial analysis, portfolio analysis, in- and external regulations and credit/risk management policies
Develops a strong working knowledge of and insures compliance with internal bank commercial loan policy, credit risk management policy, and external regulatory requirements
Completes timely ongoing periodic credit servicing of loans within the portfolio, including analyzing financial performance, performance vs
Research and analyze client information and assist in preparation of reports for client strategy, risk, and compliance committees
Coordinate logistics and compile documentation in preparation for risk, business and compliance committees
Monitor adequate completion of credit approval process
Assist management of transaction and deal flow
Responsible for conducting all due diligence on new credit requests including credit analysis, financial statement analysis, reviewing real estate appraisals, participating in client calls
Participate in ongoing pipeline meetings
Structure approvals to maximize profit and enhance dealer relationships

Credit Underwriter Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Credit Underwriter

List any licenses or certifications required by the position: ABFA, LAPP, SAR, AAP, ACH, FHA

Education for Credit Underwriter

Typically a job would require a certain level of education.

Employers hiring for the credit underwriter job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Finance, Accounting, Business, Economics, Education, Communication, Business/Administration, General Education, Technical, Management

Skills for Credit Underwriter

Desired skills for credit underwriter include:

Financial analysis
Back end quality control and fraud audit experience
Closing instructions and procedures
Fannie/Freddie guidelines
RESPA
Underwriting conditions prior to closing
Portfolio analysis
Credit risk management policy
Vendor programs
Loan structuring

Desired experience for credit underwriter includes:

Ability to work well individually part of a team
Knowledge of the processes, techniques and requirements for formal decision-making
Knowledge of specializations, tools, practices and regulations within the real estate industry
Initiate sales calls via telephone and where appropriate, prepare written follow-up
Meet or exceed agreed upon targets for ROE, volume, conversion ratios and other business metrics
Ensure compliance with applicable policies, procedures, and state/federal laws and regulations

Credit Underwriter Examples

1

Credit Underwriter Job Description

Job Description Example
Our company is growing rapidly and is hiring for a credit underwriter. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for credit underwriter
  • Maintain and establish dealer relationships and educate and train dealerships on YMFUS programs and policies
  • Initiate sales calls to capture applications and where appropriate, prepare written follow-up
  • Review and calculate income documentation and perform verification calls on employment and consumers
  • Managing credit related aspects of a portfolio of large, US corporate relationships
  • Preparation of credit proposals including the analysis of the macroeconomic environment, the business, credit and financial risk profiles of the borrower, risks inherent in the underlying transactions
  • Presentation of completed proposals to the relevant approval committees
  • Special projects, such as sector/portfolio reviews and stress tests
  • Ensure the portfolio administration and risk management of each client relationship is in compliance with established credit policy, procedure, and business strategy regulatory guidelines
  • Advice risk committees on decision-making, prepare and support risk committee in a secretary role, voting member in risk committee and screen risk committee decisions on local impact and take actions accordingly
  • Analyzes loan applications, credit bureau reports, account data, financial statements, and other documentation in order to make sound and consistent loan decisions on credit card loans up to the assigned limits
Qualifications for credit underwriter
  • Commitment to core values
  • Must have a minimum of 3 - 5 years of subprime underwriting experience
  • Must be highly skilled in making credit decisions and have a solid understanding of consumer credit, and applicable federal and state regulations relative to consumer lending
  • Must have strong analytical and quantitative skills and acute problem-solving ability
  • Must be results oriented and possess a high level of personal initiative
  • Ability to competently complete credit packages and credit services agreements
2

Credit Underwriter Job Description

Job Description Example
Our growing company is looking to fill the role of credit underwriter. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for credit underwriter
  • Conducts loan interviews and explains loan policies to customers as needed Informs customers of loan decisions and debt, explaining documentation and required fees effectively
  • Provides exceptional internal & external service by achieving the published service level standards and exuding a customer centric mentality
  • Keeps abreast of all industry changes, taking tests, attending online meetings and Underwriting conference calls
  • Reviews and approves/denies exception requests on loans up to Underwriters approved limits
  • For denied loans, completes Underwriting disposition form, reasons for denial and 2nd review of denied loans
  • Reviews outstanding conditions on loans for acceptance including the review and approval of the appraisal for the subject property
  • Works with Credit Administration staff to ensure proper documentation and booking of decisioned credits
  • Works with account execs/processors/ closers from sales and operations staff on underwriting issues providing assistance with product inquiries and lending scenarios which may be complex
  • Works with Bank partners to effectively resolve appeals
  • Effectively communicates with appropriate personnel on all approved, counter offered and declined applications ensuring their ability to properly explain the decision to our mutual customers
Qualifications for credit underwriter
  • At least 2 years of credit experience in the consumer lending field
  • Minimum of 2-4 years experience in leverage finance with focus on credit underwriting and new deal execution
  • Healthcare finance experience preferred
  • Expertise in utilizing cash flow models, including discounted cash flow analysis
  • Proven experience working on multiple teams in fast paced environment
  • Managing multiple deals simultaneously and with different constituents depending on deal stage
3

Credit Underwriter Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of credit 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 credit underwriter
  • Prepares Underwriting Approval forms including listing of all conditions for approved loans
  • Underwrite and assess risk for products and accounts in a market segment
  • Develop and leverage productive brokerage/client relationships through a high level of visibility and using a disciplined sales management approach (e.g., planning and follow-up for broker and prospective customer visits/meetings) in support of business objectives
  • Customer interaction focuses on meeting customer expectations for response time and knowledge of products and business
  • Work strategically and tactically with brokers to ensure appropriate level of understanding of company goals and objectives
  • Timely and accurate preparation of financial spread analysis for existing EWEF customers and for prospective EWEF customers
  • Complete Commercial Credit Reports (CCR) and Concept Memos in conformance with EWB credit policy
  • Assists with Loan/Lease Monitoring through Aspire, and updating ONTRACK Reports in compliance with EWEF Desktop Procedures
  • Recommend to EFSU Loan/Lease Risk Ratings pursuant to Equipment Finance Risk Rating Guide and recommend changes to Risk Rating when appropriate
  • Works closely with EWEF Team Members assisting with external calls, developing/structuring Credit Concept Memos, Term Sheets, and Commercial Credit Reports, and ensuring the high quality and fast turn-around of each
Qualifications for credit underwriter
  • Provision of general and risk-specific coaching to other members of the risk underwriting team or to the wider WCS/Client community as required
  • Coaching of allocated staff within the local risk underwriting team to assist in the overall development and growth of the team, plus potential involvement in recruitment of new risk staff
  • Identify and monitor Credit & Surety underwriting trends relevant market, economic and legal developments
  • Analyse and assess treaty and facultative business regarding risks and exposure and conduct adequate costing
  • Negotiate reinsurance terms and conditions directly with clients or in cooperation with Client Markets
  • Perform or ensure administrative tasks such as reporting, filing and system data entries
4

Credit Underwriter Job Description

Job Description Example
Our growing company is looking to fill the role of credit underwriter. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for credit underwriter
  • Assist with industry research, equipment management, and portfolio management
  • Conducts credit investigations, credit and loan analysis, underwriting and other documentation information pertaining to C&I loans
  • To be trained in risk analysis of domestic and international corporate credits, evaluating financial information, and recommending or approving appropriate credit limits and terms
  • Ongoing pro-active interaction with brokers and prospects to discuss attractive new business submissions, thereby demonstrating a co-operative approach to winning business
  • Demonstrate an Entrepreneurial Culture and a “Can Do” attitude within the team
  • Meeting internal operational and audit directives for the division
  • Arrange for policy issuance and invoicing
  • Design of new sales documentation (NBI & On-Risk documents, folders, deal sheets, pipeline spreadsheets, broker segmentation lists)
  • Conducts credit investigations, credit and loan analysis, underwriting and other documentation information
  • Source and manage business within the frame of the overall business strategy
Qualifications for credit underwriter
  • Regularly interact with insurance clients and brokers to gather relevant information on market trends and ensure a diligent underwriting and claims management, including technical visits
  • Ensure efficient coordination with internal stakeholders in Client Markets, Credit Risk Management, Contracts, Business Management and Finance
  • Team player, strong communication and negotiation skills, proactive and result-oriented mindset
  • Interested to work in an international, multicultural and cross-functional environment
  • Sound knowledge and understanding of the economic and political landascape of the served countries
  • Fluent in Spanish and English, ideally knowledge of Portuguese
5

Credit Underwriter Job Description

Job Description Example
Our company is looking to fill the role of credit underwriter. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for credit underwriter
  • Analyze and prepare client and exposure data, apply and use pricing tools, provide and structure the necessary information for peer reviews and committee referrals
  • Provide strong input on Political Risk, Medium Term Credit, Commodity Markets and Emerging Economies
  • Ensure that all information is entered on the respective underwriting, pricing, exposure and data storage systems and is kept up to date and accurate
  • Prompt processing of slips and wordings , monitoring and assisting with the chasing premium and claims to facilitate effective cash flow management
  • Ad hoc research, project work and preparation of underwriting files for the Team Management enabling them to make informed underwriting decisions
  • Review applications and accounts for indications of fraud
  • Obtain appropriate security and/or other documentation to secure accounts
  • Maintains productivity and quality of service standards and expectations
  • Conducts loan interviews and explaining loan policies to customers as needed
  • Informs customers of loan decisions and debt, explaining documentation and required fees effectively
Qualifications for credit underwriter
  • Minimum 2 years loan underwriting experience
  • Knowledge of standard regulatory underwriting guidelines
  • BA / BS degree in Finance, Business or other related course of study is preferred (High School Diploma Required)
  • Requires 1+ years underwriting experience, subprime preferred
  • Must be highly skilled in credit decisioning and have a solid understanding of consumer credit, and applicable federal and state regulations relative to consumer lending
  • Must have strong analytical and quantitative skills, organizational, negotiation, interpersonal skills and acute problem-solving ability

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