Senior Commercial Underwriter

Summary

Join Pathward, a hybrid, remote-office financial empowerment company dedicated to creating financial inclusion. As an Underwriter, you will be responsible for underwriting loans, ensuring acceptable credit risk and a proper risk-return relationship. You will manage the entire underwriting process, from initial review to closing, and collaborate with various teams. This role requires a seasoned professional with a full understanding of underwriting and complex problem-solving skills. Pathward offers a competitive salary, performance-based incentives, and a comprehensive benefits package including health insurance, 401(k), life insurance, disability benefits, and paid time off. We encourage applications from diverse candidates, even if they don't meet every requirement listed.

Requirements

• Seasoned, experienced professional with a full understanding of area of specialization
• Resolves complex problems; takes a new perspective on existing solutions
• Fully qualified career-oriented, journey-level position
• Develops solutions to complex problems where analysis of situations and/or data requires evaluation
• Determines best approach to achieve results and provides suggestions to improve policies and procedures
• Demonstrates good judgement in selecting methods and techniques for obtaining solutions
• Networks with senior internal and external contacts in own area of expertise
• Receives very little instruction on day-to-day work. May receive general instruction or guidance on new projects or assignments

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
• Annual performance-based incentive opportunity