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Commercial Credit Underwriter
MB Financial Bank
Chicago, IL, United States
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Job Description
*RMJ
Reference: HN16669
Summary
This job is responsible for researching and examining customer financial information (underwriting) and preparing credit presentations for new and renewed business/commercial opportunities for various departments of the bank. Based on analysis, approves or denies credit within approval authority limits; recommends approval or denial to management for amounts over approval authority limits.
Essential Duties and Responsibilities
The size, scope and complexity of described responsibilities and assigned projects are dependent on the level and experience of the incumbent.
• Analyzes applicant’s information (financial data, collateral information, references, etc.) to determine feasibility of granting credit.
• Requests applicant credit reports, background checks, reference checks and other information pertinent to loan applicant’s evaluation from loan officer and corresponds with loan officer, applicant, accountant or creditors to resolve questions regarding application information.
• Coordinates with loan officer to provide input into the negotiation of loan structure with applicant, including loan fees, loan repayment options and other such credit terms.
• Prepares credit presentation identifying the borrower; providing description of business; specifying credit limits; structure of credit facility; collateral, financial, cash flow and guarantor analysis.
• Approves / denies credits within approval limits; recommends same to management for credits outside of approval limit.
• Works with loan officer to determine the customer information needed to underwrite a renewal.
• Cooperates and assists in any review of the loan portfolio.
• Complies with all applicable federal and state laws and regulations.
• “LIVE” the Bank’s Mission Statement and “PRACTICE” the Bank’s Corporate Strategy.
• Other duties may be assigned.
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education/Experience
Bachelor's degree in Finance, Accounting, Economics, Management, Marketing, Business Administration, or Risk Management and 2 to 10 years related experience; or equivalent combination of education and experience. Hands-on experience underwriting commercial and real estate loans for a financial institution or mortgage servicer is preferred.
Computer Skills
To perform this job successfully, an individual should have intermediate knowledge of Word and Excel spreadsheet software.
MB Financial is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
As a part of the MB Financial hiring process all applicants will be required to submit to and pass a pre-employment urine drug screening.
2016.10.04