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Manager of Commercial Underwriting
Comerica
Costa Mesa, CA, United States
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Job Description
Commercial Underwriting Center Manager
The Commercial Underwriting Center Manager is responsible for ensuring thorough and complete analysis of new lending opportunities as well as monitoring ongoing credit risk & health of the existing portfolio, also responsible for ensuring compliance with credit policy, credit terms and adherence to regulatory guidance.
Position Competencies
Successful incumbents possess strong credit and line of business expertise, have excellent written and verbal communication skills, have strong management/coaching skills, are inspirational, have superior process management and operational effectiveness skills, have strong decision making skills, are a team player and are accountable.
Reporting Information:
The Commercial Underwriting Center Manager reports to the Commercial Underwriting Center Director. This position manages a team of 7 - 10 Underwriters and Credit Analysts in support of one or more assigned Lines of Business (LOBs).
Position Responsibilities:
Quality Underwriting
*Ensure quality of underwriting including identification of strengths, weaknesses and appropriate mitigation strategies for new lending opportunities.
*Ensure appropriate application of credit policy in analysis and address escalations to Relationship Manager, Portfolio Manager and/or Credit Administration Officer (RM/PM/CAO).
*Review Underwriting and Credit analysis to ensure thorough and complete underwriting prior to submission to Relationship Manager, Portfolio Manager and/or Credit Administration Officer (RM/PM/CAO).
*Monitor portfolios to ensure early identification of emerging issues/problems, and address in underwriting.
*Review simple approvals completed by Credit Specialists for completeness and underwriting quality.
*Identify and elevate credit concerns as soon as detected.
*Make recommendations on credit approval items to improve or enhance deal structure when appropriate.
*Participate as requested/needed in deal discussions prior to submission to Underwriting center.
Efficient Credit Process Management
*Assign and manage workload for Underwriting and Credit analysis team in conjunction with Group Manager and Credit Administration Officer for prioritization.
*Ensure adherence to standardized credit processes and credit policy.
*Ensure team is meeting all established Service Level Agreements (SLAs).
*Continuous review of procedures, processes and credit policy with a keen focus on process improvement and efficiency.
*Leverage workload management tools/reports for appropriate coaching to Underwriting and Credit analysis teams for production & quality metrics.
*Monitor and review credit underwriting to ensure product is "Right the First Time".
Recruit, manage, develop, train and retain underwriting staff
*Ensure development of underwriting staff and support of the Credit Analyst rotational program in preparation of advancement to Relationship Manager and/or Portfolio Manager roles.
*Participate in recruiting activities to ensure quality candidate pools.
*Participate in on-campus and office interviews in support of the Commercial Banking Training Program.
*Ensure appropriate Talent Management activities and development plans are in place for staff.
Compliance and Audit
*Ensure compliance with regulatory reporting requirements (CRA Sales size, HMDA).
*Achieve satisfactory or better ratings on compliance, AQR (administration) and internal audits.
Data Integrity
*Understand and support data integrity of assigned LOBs to minimize issues.
Travel
Travel is not required of this position.
Relocation
This position is eligible for full relocation benefits
Qualifications
Qualifications:
*Bachelor's degree from an accredited university
*Completion of a formal credit training program
*8+ years commercial credit and/or lending experience
About Comerica
We know that our employees are critical to our overall success. We are dedicated to investing in their future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels. Your salary will be commensurate with your work experience.
Upon offer, Comerica conducts a comprehensive background check, fingerprint check and a drug test.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by the Business Bank, the Retail Bank, and Wealth Management. Comerica's more than 9,000 colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.