Commercial Loan Underwriter Job at First Central Saving Bank, Glen Cove, NY

  • First Central Saving Bank
  • Glen Cove, NY

Job Description

Purpose:
The Commercial Loan Underwriter will evaluate the credit worthiness of clients and determine their ability to repay loans and lines of credit. Salary Range $100k - $130K commensurate with experience ( This is not a remote position)
Essential Job Functions:
  • Perform financial, cashflow, and credit risk analysis of commercial loan requests
  • Ability to create interpret and understand tax returns, financial statements, personal financial statements, accounts receivable aging schedules, rent rolls, etc.
  • Ability to create Excel spreadsheets from the documents listed above.
  • Interpret and understand appraisal reports, environmental reports, credit bureau reports, ACRIS, LexisNexis,4506-C, etc.
  • Write thorough and concise loan memoranda supporting recommended lending requests.
  • Familiarity and adherence to the Bank’s Lending Policy.
  • Order investigative reports to assist with loan underwriting.
  • Maintain shared system document portfolio in accordance with Bank standards.
  • Identify potential credit problems and make recommendations to senior management.
  • Interact professionally with team members, and other departments within the Bank such as retail branches, loan officers, Loan Administration/Operations, etc.
  • Assist with other department tasks as needed.


Required Knowledge, Skills and Abilities:

  • Prior commercial loan underwriting experience at a commercial bank
  • Experience and familiarity with commercial loan underwriting; CRE and C&I
  • Ability to understand tax returns, financial statements, and other pertinent financial documents
  • Ability to write thorough, yet concise, loan request memoranda
  • Excellent attention to details, and ability to adhere to established Bank lending policies
  • Ability to communicate professionally and concisely with Bank attorneys and brokers.
  • Fluent with Excel, Word, and Outlook applications

Job Tags

Full time, Work at office

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