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Senior Commercial Underwriter
TCF Bank
Troy, MI, United States
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Description
Analyze and risk-assess credit applications for commercial loans to ensure compliance with the Bank’s credit risk management strategy and the Bank’s credit policy. Preparation of highly technical and complicated credit packages to be presented to loan committee.
Major Areas of Responsibility:
• Review commercial loan applications and analyze credit information to make a general assessment of applicant’s creditworthiness. Determine whether or not the proposed loan will conform to the bank’s lending policy.
• Prepare written summary of loan terms and conditions and a written narrative explaining business background, outlining risk factors and justifying assigned risk rating, ensuring conformity with bank credit policy and procedures and with applicable banking regulations.
• For CRE and C&I loans, conduct in-depth review of balance sheets, income statements and tax returns, business plans and projections 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. Assign risk ratings.
• Regularly accompany Corporate Banker on customer calls. Actively participate with lending officers in the preparation of loan proposals for committee presentation, including review of financial statements, projections and site visits.
• Review construction contracts, leases, appraisals, environmental assessment reports, UCC searches, flood determinations, insurance policies and other information to assess risks associated with the bank’s collateral position.
• Interact with account officers to negotiate loan terms and follow up on information required to decision the application. May contact loan applicants (customers) and their representatives (CPA’s, CFO’s) to obtain clarification about information received from them. Respond to credit applications within the timeframe established by the department.
• Perform Underwriting Manager duties, including Secretary of the Corporation’s Credit Committees, when required; accountable for, with periodic oversight from Underwriting Manager, training and
• Comply with all bank policies, procedures, state and federal banking laws and regulations including Bank Secrecy Act, Anti-Money Laundering, Office of the Comptroller of the Currency Control (OCC) and USA Patriot Act.
Qualifications
Minimum Qualifications:
• Bachelor’s degree in a business-related major or equivalent professional training and experience
• Five or more years experience in a credit analysis role relative to commercial lending.
• Thorough knowledge of cash flow analysis, ratio analysis and projections as well as commercial loan structuring and documentation.
• Knowledge of real estate appraisal techniques, field audit examination techniques and banking regulations governing commercial banking.
• Proficient in software applications such as Microsoft Word and Excel.
• Solid qualitative and quantitative analytical skills; excellent conceptual, writing, and communication skills.
• Ability to interface effectively with other banking professionals including loan officers, credit managers, loan closers, appraisers, accountants and auditors.
• Ability to work independently.
• Ability to work under pressure and meet deadlines
Preferred Qualifications
• Bachelor’s degree in business administration, finance, accounting or economics
• 7-10 years experience in a credit analysis role relative to commercial lending.
• Existing knowledge of assigned marketplace.
• Prior experience in a calling program environment.
About TCF
Established in 1923, TCF has maintained a strong foundation. TCF has over 340 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Arizona and South Dakota, providing retail and commercial banking services. TCF also conducts commercial leasing, indirect auto finance, and equipment finance business in all 50 states, and commercial inventory finance business in all 50 states and Canada.
Benefits
TCF encourages open employee communications and promotes from within whenever possible.
We offer competitive pay, a comprehensive benefits plan, and opportunities for career advancement. For more details on our benefits, click on the Employee Benefits link on our career page.
Proud to be an equal opportunity employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, or other status protected by applicable law. TCF is proud to be an affirmative action/equal opportunity employer. Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
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