Commercial Underwriter Senior

Summary

Join Pathward, a hybrid, remote-office financial empowerment company, as an Underwriter responsible for timely loan underwriting, ensuring acceptable credit risk and appropriate risk-return. You will facilitate new loan bookings, manage the entire underwriting process through closing, and ensure a smooth transition to Account Executives. This role involves underwriting various lending products, applying credit policies, collaborating with Business Development Officers, reviewing deal packages, and conducting due diligence. You will also analyze financial statements, review field examinations, visit prospect locations, understand the prospect's business, and prepare credit narratives. Mentoring and training junior team members are also part of the responsibilities. Minimal travel is involved.

Requirements

• Bachelor's degree or equivalent education and work experience
• 5+ years relevant experience
• USDA program experience
• Proven track record underwriting commercial real estate construction loans
• In-depth knowledge of USDA operating procedures and credit risk management practices
• Ability to structure and assess complex USDA-backed loan transactions
• Experience ensuring compliance with USDA guidelines throughout the loan lifecycle
• Business Acumen, Customer Focus, Collaborates, Communication Skills, Negotiating

Responsibilities

• Underwrite the entire spectrum of lending products, regardless of size or complexity, in a timely and efficient manner
• Understand and apply credit policies and minimum underwriting standards
• Collaborate closely with the various Business Development Officers to provide a consultative/value-added credit perspective, both prior to proposal issuance and thereafter
• Review and analyze new deal packages for content and completeness and conduct initial interviews with prospects
• Order and review due diligence and documentation
• Review and analyze financial statement spreads and understand cash flows
• Review field examinations and understand collateral and financial trends indicated therein
• Visit prospect locations and meet management of the business prior to closing for transactions over a predetermined amount
• Gain a thorough understanding of the prospect's business and the company's asset conversion cycle
• Review reporting requirements and processing with clients
• Analyze debtor information in conjunction with Debtor Credit Manager
• Prepare the credit narrative for appropriate approval
• Conduct and document the pre-funding process and oversee the efforts of the Client Analyst assigned to the transaction
• Oversee closing documentation process and effectively negotiate with prospect
• Mentor and train analysts, field examiners and less experienced business development representatives
• Other duties as assigned

Benefits

• Health insurance
• 401(k) retirement benefits
• Life insurance
• Disability benefits
• Paid time off