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    Senior Commercial Credit Underwriter - Minneapolis, United States - Versique Consulting & Search

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    Description


    The Senior Commercial Credit Underwriter is accountable for underwriting and monitoring a portfolio of complex, large commercial and industrial (C&I) loans ranging in size from $1,000,000 to $25,000,000.

    Will partner with Relationship Managers to propose and negotiate lending solutions on new opportunities and underwrite credit risk. Responsible for determining the credit worthiness of borrowers and/or sponsors and recommending credit decisions. Monitors assigned portfolio credit relationships for covenant compliance, collateral monitoring, and credit deterioration, as applicable. Keeps apprised of industry related issues to analyze and determine their impact on specific industries, clients, or C&I portfolios. Performs all duties in accordance with policies, procedures, and regulatory requirements.

    ROLES &


    RESPONSIBILITIES:
    Credit Analysis - 60%

    Supports the loan decision-making process by providing quality, in-depth credit analysis for complex commercial and industrial (C&I) loans.

    Develops comprehensive understanding of customer financial needs and project feasibility. Recommends a plan of action for loan structure, monitoring, and servicing of loan relationship.

    Performs financial analysis including forecasting and sensitivity analysis to assist in determining borrower capacity to repay debt.

    Writes credit narratives and performs risk assessments of products, policy, structure, terms, and customer/sponsor financial strength.

    Independently grades all credits in accordance with Bank's credit classification system.

    Strong financial and accounting background. Familiar with applicable regulatory requirements.

    Portfolio Monitoring and Management - 35%


    Work with Relationship Managers and Commercial Banking Associates to obtain information necessary to perform quarterly trend analysis, annual reviews, and/or monitor covenant compliance.

    Complete quarterly/annual reviews and renewals within required timeframes.

    Responsible for ongoing proactive identification and monitoring of risk ratings for borrowers.

    Maintain industry knowledge.

    Ensures compliance with all applicable regulations, policies, and procedures. Completes required bank training courses on time.

    Bank/Department Support and Teamwork - 5%

    Participate in team meetings by sharing knowledge, providing insight, contributions, and feedback.

    Be a resource for otherteam members.

    Participate in sales, pipeline, and production meetings as requested.

    REQUIRED SKILLS &


    EXPERIENCE:
    Bachelor's degree or equivalent education, including upper level courses in finance and accounting.

    Minimum of five years experience in a previous commercial underwriter position.

    Minimum of three years experience working with large, complex commercial and Industrial loans.

    In-depth knowledge of advanced loan documentation, banking laws, and regulations preferred, but not required.


    About Versique:


    Versique is a high-performance recruiting firm based in Minneapolis, MN specializing in interim solutions, direct hire, and executive leadership search.

    We believe people are the ultimate business advantage.

    Our experienced functional recruiting teams work within a variety of areas of expertise (HR, Finance & Accounting, Demand Generation, IT, and Engineering) and broad industries (Healthcare, Banking, Consumer Packaged Goods, Manufacturing, Private Equity, and Family-Owned).

    Voted as a "Star Tribune Best Places to Work" three years in a row by our employees, Versique is one of the largest and fastest growing staffing and recruiting firms in the Midwest.

    The Versique brand represents a powerful combination of "versatile" and "unique" as it hints at the concept of "search" in its pronunciation:
    ver-seek.

    Versique is an equal opportunity employer committed to creating a diverse workforce.

    We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status, among other factors.

    #LI-WP1

    #J-18808-Ljbffr


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