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Commercial Underwriter I or II Job more...
Location:Columbia, SC
Company:First Citizens Bank
First posted:April 05, 2017 (last updated 30+ days ago)
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Commercial Underwriter I or II
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Job ID #: 28256
Location: SC-Columbia
Functional Area: Credit Administration
Employment Type: Full-Time Exempt
Education Required: See basic qualifications
Experience Required: See basic qualifications
Days and Hours: M-F
Physical Address: 1230 Main St. Columbia, SC
Department Name: Commercial Credit Underwriting

Position Description

The Commercial Underwriter will provide support to commercial lending teams. This associate will provide expertise in underwriting, structuring, servicing and documenting new and renewal credits. The Underwriter is responsible for identifying, gathering and analyzing relevant information to assess credit risk, establish viability of sources of repayment and determine appropriate loan structures. They will act as lead underwriter in collaboration with bankers in preparing credit approval memos with recommendations consistent with bank policy that illustrate well-reasoned analysis. The Com UW is expected to perform servicing reviews and support management of the assigned portfolio to identify and minimize risk to the Bank. They will provide quality customer service, including participation in joint calls on customers, as needed. Also, the Underwriter can be asked to assist in special projects as assigned.

This role can be filled as a level I or a level II, depending on experience. For the right candidate, there is also a potential to sit in a city other than Columbia, SC.

First Citizens Bank is one of the top financial services providers in the nation, recognized and awarded for our customer satisfaction, sustainable profitability, and overall stability and security. Our associates make First Citizens Bank a great place for our clients to do business. Those who grow, achieve and succeed with First Citizens Bank are those who share our core values of integrity, service excellence and stability.

Accountabilities:
Partner with Bankers and customers/prospects to gather data and ask questions regarding needs and structuring of new requests. Analyze information to support structuring and approval of loans within acceptable time frame. Perform financial statement analysis. Review industry information and comparisons. Analyze collateral. Document general business overview of borrower and analyze information. Analyze key risks and mitigants. Recommend structuring and covenants when warranted. Prepare loan approval documentation. Recommend credit grade. Maintain contact with customers, as necessary, to gather information through approval process. Ensure that Banker is aware of underwriting progress at all times.

Coordinate with banker/banker assistant to identify servicing information and review requirements. Assess risk and make sound action recommendation to Banker on existing loans by independently conducting reviews, analysis, and research. Work with the Banker or bank partners in resolving the more complex risk issues. Ensure that Banker is aware of review status and potential changes at all times.

Actively participate in workflow meetings as scheduled to coordinate the review and renewal schedule for existing credit with Banker, Banker Assistant and approving officer, ensuring timely customer service and risk management.

Partner with credit administration and sales managers on Banker, BA and/or peer development and training.

Identify cross-sell opportunities for new and existing relationships based on analysis of financial statements, industry knowledge, transaction history, etc.

Actively participate in customer and prospect calls, as needed.

Actively participate in projects, as needed.

First Citizens Bank is one of the top financial services providers in the nation, recognized and awarded for our customer satisfaction, sustainable profitability, and overall stability and security. Our associates make First Citizens Bank a great place for our clients to do business. Those who grow, achieve and succeed with First Citizens Bank are those who share our core values of integrity, service excellence and stability.

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Position Requirements

Commercial Underwriter I
Basic Qualifications
Bachelor degree with a minimum of 4 years lending/credit experience.
-OR-
High school diploma or GED with a minimum of 8 years lending/credit experience.

Additional Requirements:
Strong PC, software and financial analysis skills
Ability to thoroughly analyze complex credits on an independent basis

Strong knowledge of financial accounting, loan structuring, commercial products and services, loan documentation requirements, legal issues, credit grades, credit processes, etc. to support larger and more complex credit requests

Strong written and oral communications skills

Ability to properly assess issues related to a credit request and present them clearly and accurately

Ability to collaborate across multiple functional areas (e.g. credit, banker, credit risk, audit) and Regions

Ability to excel in a team environment

Ability to prioritize and manage multiple tasks concurrently

Ability to travel if needed

Preferred Skill
Commercial Credit Underwriting experience

We are an Equal Opportunity Employer and do not discriminate against applicants due race, color, religion, national origin, sex, age, disability, veteran status, sexual orientation, gender identity, or other legally protected status.

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