This position leads underwriting efforts by servicing commercial portfolios at the highest level of ability and complexity. Supports the commercial lending team with expertise in structuring, analysis, and credit documentation for commercial credit actions. Establishes viability of repayment sources and prepares credit approval memos. Identifies, gathers, and reviews financial information to determine credit grades and appropriate loan structuring. Assesses and communicates risks to assist department risk mitigation strategies. Provides service and support for both associates and customers, assisting in customer calls and may assist in identifying cross-sales opportunities. Assists the manager as needed. May assist with preflight qualification and the structuring and servicing of commercial credit requests, management of Underwriter workflow prioritization and assignments, monitoring Underwriter work for timely completion and quality, and assisting Underwriters with questions and providing training, development, mentoring, or coaching as needed.
Responsibilities
Underwriting - Leads the underwriting of commercial credit actions according to applicable regulations, procedures, and guidelines. Interacts directly with customers to gather information throughout the approval process and to determine the viability of repayment. Reviews financial statements, communicates with customers or prospects, and performs analysis to recommend credit grades, covenants, and appropriate loan structuring. Ensures all involved parties are updated on underwriting progress and outcome. Provides leadership in daily activities through underwriting production and credit analysis expertise.Risk Management - Identifies risks through reviews, analysis, and research of new and existing commercial loans. Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the commercial portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management. May assist in the development of strategies to manage risk within the credit portfolio.Analysis - Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collaterals to form a general business overview of the borrower. Utilizes results of analysis to underwrite complex commercial loans.Business Support - May assist in identifying cross-sales opportunities for new and existing relationships based on analysis activities. Identifies servicing information and prepares credit analysis documentation. Partners with associates and customers to determine needs and structuring of new requests, participating in customer and prospect calls as needed. Assists management with peer development and training.Team Leadership - Assists the manager with management of the team's activities, monitoring and support of team performance and efficiency, development of team associates, and achievement of team goals.
Qualifications
Bachelor's Degree and 7 years of experience in Commercial Credit Analysis, Lending, or Underwriting, Financial Statement Spreading, Preparation of Projections, and Trailing Twelve Month Analysis
-OR-
High School Diploma or GED and 11 years of experience in Commercial Credit Analysis, Lending, or Underwriting, Financial Statement Spreading, Preparation of Projections, and Trailing Twelve Month Analysis
Required Experience:
Evaluating consumer and commercial credit bureau reports.Analyzing business financial statements and/or tax returns to determine creditworthiness.Spreading financial statements.Preferred Qualifications:
Self-accountability and the ability to hold others accountable.Demonstrates initiative/confidence and is decisive.Ability to make effective, timely and sound recommendations and decisions on credit requests.Ability to analyze data and complete a trend analysis.Ability to work effectively in a self-directed, team-based environment.Comfortable in a rapidly changing environmentAbility to prioritize and multi-task.The ability to develop a good working relationship cross functionally across the organization.Exceptional analytical and financial analysis skills and the capacity to quickly learn and apply credit assessment policies and procedures. Demonstrates excellent verbal/written skills, interpersonal skills, analytical and problem-solving skills.Strong computer skills.
Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.