- Under the direction and review of a CBUD Credit Underwriting Manager the CCU is responsible for underwriting, evaluating, and making independent decisions/ recommendations for Commercial and Business Banking loan requests. This includes but is not limited to, evaluating obligor risk ratings on both new and existing relationships ensuring quality and soundness for credit transactions.
- The CCU should develop a thorough understanding of tax returns and spreading financial statements, assessing standalone and global cash flow sufficiency relative to debt service requirements. In addition, the CCU should review and evaluate industry information that relates to a transaction in order to question and validate the underlying assumptions about borrower viability and market conditions.
- With guidance from a CBUD Approval Officer or CBUD Credit Underwriting Manager, the CCU will evaluate and define the conditions under which a loan may be closed, including but not limited to appraisal and environmental requirements, insurance requirements, and KYC prerequisites for parties to the transaction.
- Assists with approval and commitment process, helping to ensure compliance with Loan Policy/Loan Underwriting and Administration Guidelines LUAG) and accuracy of documents and supporting exhibits.
- Develop familiarity and expertise in accessing and working with the various information and reporting systems used by Portfolio Managers to monitor and manage loan portfolios and client relationships.
- As needed, assist with maintaining timely renewals of loan maturities with Portfolio Managers and assigned lending team and complete annual reviews of commercial banking relationships.
- Facilitate borrower financial reporting submissions to Bank. Responsible for evaluating financial performance of borrower and based on a variety of factors determining an appropriate risk rating. Under direction, may assist Loan Officers and Portfolio Management Team Leaders in obtaining required information from clients/prospects by interfacing directly (i.e. phone calls; electronic communication; customer/prospect visits).
- Credit Training
- At least one year of prior Commercial Credit Analysis experience
- Hold a Bachelor's Degree in Business, Accounting, Finance, Economics or equivalent experience.
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Business Banking Credit Underwriter - Brockton, United States - Rockland Trust
Description
Rockland Trust is seeking a Credit Underwriter to join the Business Banking team in Brockton.
The CBUD Credit Underwriter (CCU) position is designed and intended to prepare individuals for the role of CBUD Portfolio Manager I or CBUD Approval Officer I by providing specific on-the-job training as well as experience working within a Lending Team environment. CCUs report directly to a CBUD Credit Underwriting Manager. The CCU will utilize their credit skills to primarily underwrite for a portfolio of loans for both C&I and Real Estate. The incumbent will work closely with CBUD Approval Officers or CBUD Portfolio Managers on the Credit Team, and Lending Officers who solicit, develop and service a wide variety of commercial loans and lines of credit.
Responsibilities:
Core Competencies:
The CCU will be encouraged to make independent credit decisions and recommendations, which are based on credit scoring methodologies or traditional analysis of the business and guarantor's capacity to perform and repay. Will have the ability and willingness to communicate directly with credit applicants (under guidance and direction from senior RTC commercial banking personnel) to obtain and develop information concerning their business and to determine whether the loan would be an acceptable risk to the Bank.
Qualifications:
Our goal is to offer our colleagues the most generous benefits package possible. We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance. Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more
At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
