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Commercial Underwriter
TCF Bank
Milwaukee, WI, United States
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TCF Commercial Banking is currently looking for a Commercial Underwriter to join their Wisconsin Team!
This Commercial Underwriter will 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.
• 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 loans, conduct in-depth review of rent rolls, leases, balance sheets, income statements and tax returns presented by applicants to assess their ability to generate income sufficient to repay existing and proposed debt.
• For C&I loans, conduct in-depth review of balance sheets, income statements, cash flow statements, 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. Continue to develop knowledge of appraisal theory and approaches to values.
• 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.
• 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.
• Bachelor’s degree in a business-related major or equivalent professional training and experience
• Minimum two years experience in a credit analysis role relative to commercial lending. Must have experience with cash flow analysis, ratio analysis and projections.
• Proficient in software applications such as Microsoft Word and Excel.
• Excellent analytical, 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 with limited supervision.
• Good organization skills.
• Ability to work under pressure and meet deadlines.
Preferred Qualifications:
• Bachelor’s degree in business administration, finance, accounting or economics
• 3-5 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.