Job description
Prepare well-organized, thorough, and concise written credit memorandums on all new loans, renewals, extensions, and modifications relative to financial strengths and weaknesses of borrowers, risk assessments, strength of guarantors, industry analysis, and collateral and loan structures with opinions as to creditworthiness.
Spread financial statements through the use of computerized financial software program and analyze reports produced by the system for preparation of written reviews. • Work with Account Officers to gather information on the companies being analyzed and better assess the risks associated with the credit. Also work with Relationship Managers to resolve issues that arise during the underwriting process.
Review and document the third-party reports such as real estate appraisals, environmental assessments, property condition reports, etc.
Analyze loans relative to the loan structure, financial strength, cash flow (historical and projected), guarantors, and overall strengths and weaknesses of the deal. For R/E related loans, analyze rent rolls and leases, collateral, market/neighborhood, among others. • Provide opinions as to the creditworthiness of the Borrower and assess the Borrower’s appropriate risk rating based on the bank’s criteria.
Participate in weekly Credit Pipeline meeting to provide status on assigned deals.
Assist in portfolio management activities such as completing Annual Financial Updates and Loan Management Reports on existing borrowers.
Monitor the loan compliance on existing customer accounts
Perform other underwriting related activities as directed by the Credit Supervisor including screening new deals, among others To be considered, you will need:
Thorough knowledge of accounting and legal principles underlying the bank’s documents. • Bachelor’s Degree in Accounting or Finance combined with a minimum 5-year related experience. Underwriting C&I and Middle Market experience required, including Asset Based Lending, financing of Business acquisitions, etc.
Computer literate: fluency in Microsoft Office programs, Excel analysis required.
Good verbal and interpersonal skills. • Effective report writing and other written communication skills. • Detailed-oriented and organized. • Ability to solve problems, make decisions, juggle underwriting of multiple deals, prioritize tasks, and meet required deadlines.
Ability to highlight loan risks or any problems or questions during the deal underwriting phase and prior to finalizing the analysis.
Clear verbal communication with internal customers and third-party participants (as needed).
Ability to establish and maintain effective work relationships both internally and externally.
Job Type: Full-time
Salary: $80,000.00 – $90,000.00 per year
Benefits:
Dental insurance
Health insurance
Life insurance
Paid time off
Referral program
Tuition reimbursement
Vision insurance
Schedule:
8 hour shift
Monday to Friday
Supplemental pay types:
Bonus pay
Ability to commute/relocate:
Miami, FL: Reliably commute or planning to relocate before starting work (Required)
Work Location: On location
Job Type: Full-time
