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Commercial Underwriter
TriCo Bancshares
Redding, CA, United States
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Job Details
Description
POSITION TITLE:
Commercial Underwriter
DEPARTMENT: Commercial Credit Center - Redding
POSITION SUMMARY
Analyzes commercial loan applications received by Relationship Managers to determine eligibility of request.
MAJOR RESPONSIBILITIES
• Provides prompt turnaround time upon request.
• Confers with Relationship Managers to determine client needs and discuss options for borrowers.
• Requests any additional information needed to complete processing and periodically attends client meetings to provide credit expertise.
• Approves or declines commercial loan requests within assigned limits.
• Recommends credit approval requirements including the establishment of financial performance covenants, monitoring requirements, and other loan provisions and ensures accurate grading of new and existing credits based on analysis.
• Coordinates the credit approval process, evaluates repayment, and mitigates risk.
• Analyzes key factors such as industry, management, and economic trends.
• Provides assistance and exceptional sales support to all sales staff in answering questions relating to commercial loans.
• Assures the customer loan request is processed accurately and timely.
• Coordinates with appraisal department and escrow companies for secured loan products.
• Orders business credit reports and personal credit reports on business principals.
• Coordinates compliance, decline letter preparation and maintenance of adverse action database.
• Maintains a log of maturing lines and coordinates renewal process to ensure that necessary information is received prior to line maturity.
• Monitors past due loans for assigned portfolio(s) and recommends action to sales staff or contacts customers directly, as appropriate.
OTHER RESPONSIBILITIES
*Maintains a log of pending action or resolution for past due loans.
*Assists Relationship Managers as needed in the preparation of Interim Credit Reports and Real Estate Update Memos.
*Maintains a current understanding of Bank underwriting guidelines, procedures, policies and compliance issues.
*Maintains a working knowledge of regulatory requirements for documentation and regulations relating to commercial lending.
*Maintains a current understanding of and complies with Reg B, Fair Lending, Community Reinvestment Act, HMDA, Bank Secrecy Act, Suspicious Activity Reporting, CIP, Gramm-Leach Bliley Act information privacy, and OFAC regulations.
*Inputs application and financial information.
*Performs Commercial Credit Officer duties in their absence as needed.
*Performs other work-related duties as assigned.
*Orders the preparation of loan documentation and reviews for completion.
*May be asked to provide formal or informal training and support to various colleagues within the bank and across multiple job functions with regard to credit fundamentals, policy, and underwriting techniques and guidelines.
EDUCATION, EXPERIENCE AND OTHER SKILLS REQUIRED
Bachelor’s Degree in Business Administration or related plus 1 years' experience as a Commercial Underwriter, Financial Quantitative Analyst or related. Requires 1 year of experience in initial financial analysis of assigned commercial credits including statement spreading and analysis, tax return analysis, and credit report analysis; analyzing commercial loan applications and renewals; preparing historical income and balance sheet statements; preparing underwriting support forms and packaging of the loan for submission; analyzing complex companies and industries and conducting presentations on findings to the Commercial Underwriters, via preparation of cash flow and ratio analysis reports; conferring with Relationship Managers to determine client needs and discuss options for borrowers, requesting any additional information needed to complete the processing and preparing the loan packet to go to Commercial Underwriters; coordinating with appraisal department and escrow companies for secured loan products; assisting Relationship Managers in the preparation of Interim Credit Reports and Real Estate Update Memos, underwriting loan renewals, with loan structuring, commercial products and services; and Bank's Underwriting Guidelines, Procedures, policies and compliance requirements, along with regulatory requirements. Requires university coursework in understanding of financial and managerial accounting, macro and micro economical analysis, financial institution and market analysis, financial management, California Business Law, Principles of real estate, and Risk and insurance management.
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.
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