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Business Services Commercial Underwriter II (Remote Work Flexibility - NC, SC)

Company: Truliant Federal Credit Union
Location: Greenville
Posted on: March 17, 2023

Job Description:

Job Title

Business Services Commercial Underwriter II (Remote Work Flexibility - NC, SC)

Job Description

Although this position is primarily onsite at one of our Truliant locations, this position has a flexible work arrangement that gives you the opportunity to work remotely occasionally, or according to an established schedule determined by your manager.

Purpose of the Job

The Business Services Commercial Underwriter II is responsible for fulfilling the credit administration function for the Business Services department, including approving and underwriting business loan requests. The Underwriter II is a senior member of the team and is responsible for working with the Business Service Officer(s) to screen new deals, develop solutions, underwrite credit packages, and complete annual reviews. Underwrites transactions with a high degree of complexity (generally carry total bank commitments "TCE" up to the relationship lending limit of the Credit Union).

Essential Functions and Responsibilities

  • Reviews financial data and completes spreads for business loan requests. Calculates cash flow available for debt service at the entity level and guarantor level and consolidates into a global cash flow analysis when applicable.

  • Conducts credit investigation due diligence using D&B Hoovers industry research, S&P research, etc.

  • Analyzes and underwrites credit risk for complex commercial loan requests with total credit exposure (TCE) up to $50MM including analyzing historical financial information and business/personal credit histories.

  • Ensures loan requests are underwritten consistently and in accordance with the Credit Union's credit policies, procedures and standards to include a comprehensive analysis of all primary, secondary and tertiary sources of repayment.

  • Responsible for risk grading accuracy, annual reviews as well as financial statement spreading, compliance and regulatory reviews. Updates reports that track annual review relationships and tracks receipt of financials.

  • Serves as resource to the Loan Documentation Specialist and Business Services Lending Assistant (BSLA) as needed to facilitate the credit through to closing.

  • Provides independent analysis of financial statements and business plans; identifies key risk and develops appropriate mitigants.

  • Accountable for the risk evaluation of commercial credit exposure and compliance with associated regulatory requirements.

  • Creates financial projections using historical financial statements, rent rolls, CoStar market data, etc.; Prepares ongoing accurate assessments of collateral value based on CoStar market data.

  • Generates comparison of borrower data to industry trends.

  • Generates credit memos for loan approvals/loan recommendations that properly identify debt capacity, cash flow adequacy, overall risks and mitigants, and risk rating; generates presentations for larger loan requests to Business Loan Committee.

  • Manages transaction flow to ensure requests are processed in a timely manner and within expectations of member and BSO.

  • Reviews and tracks exposure concentration limits across various exposure categories.

  • Responsible for monitoring the ongoing asset quality of individual loans and the overall loan portfolio by tracking changes in borrower credit profiles through timely completion of annual loan reviews, collection of required financial information, the calculation and testing of required loan covenants and the timeliness and accuracy of credit grades.

  • Assists with ongoing development/revisions of business loan policies and procedures as needed.

  • Identifies problems with accounts based on analysis, and recommends solutions to the appropriate approval level.

  • Assists with credit analysis for special asset relationships and works out strategies.

  • Acts as resource for Business Lending Credit Theory to other credit union staff to include training and development of Business Services Commercial Underwriters I and Business Credit Analysts.

  • Reviews appraisals in conjunction with annual loan reviews, pending loan maturities, and new requests.

  • Assists with the plan of action and preparation for regulatory audits as well as the prepared response for any outstanding follow-up action items identified by regulators.

    Other Duties and Responsibilities

  • Provides an independent, current and forward looking risk view of member business loans within the assigned members/prospects and portfolio. Authors independent risk recommendations including, but not limited to; risk rating, compliance and underwriting. The recommendation is reviewed and approved by an officer with the appropriate credit authority or Member Business Loan Committee.

  • Responsible for underwriting and management of significant member exposure. Develops an independent point of view and provides recommendations to appropriate decision makers. Mentors all junior talent as well as other partners within Business Services as appropriate.

  • Assists with other tasks and projects as assigned.

    Knowledge, Skills, and Abilities

    • Must have excellent knowledge of various loan types to include real estate loans (both investor and owner occupied), construction to permanent, commercial and industrial loans as well as secured/unsecured and recourse/non-recourse lending.

    • Must be familiar with the risks inherent in analyzing loans to various industry types to include, retail, hospitality, food service, medical, non-profits, business services etc.

    • Must be proficient at analyzing complex requests involving cash flows from multiple entities to include a global cash flow analysis which incorporates guarantor cash flows from single and or multiple guarantors both individual and corporate.

    • Must have sound understanding of accounting procedures and concepts, with ability to generate and analyze research data including a working knowledge of appropriate financial analysis techniques.

    • Must have excellent communication skills in English, both verbal and written.

    • Must have strong presentation skills.

    • Must have understanding of determining loan to values and basic EDR requirements.

    • Must have the ability to work with people at different job levels ranging from Senior Managers to front line employees.

    • Must have strong computer skills, including intermediate knowledge of MS Excel and Word.

    • Must have ability to understand all business processes within the credit union.

    • Must be detail oriented, with excellent time management and organizational skills.

    • Must be able to work in a general office environment.

    • Must be flexible and able to shift resources and priorities as required.

    • Must be able to complete all assignments with minimal supervision.

    • Should possess a strong commitment to providing excellent service to Truliant's members

      Physical Requirements

      • Occasional standing, walking, bending, and stooping required

      • Must be able to sit at a desk for long periods of time and use a computer

      • Must be able to moderately lift or move up to 5 pounds and occasionally lift or move up to 10 pounds

        Education and Background

        • Bachelor's degree in Business, Finance, or related field required.

        • Minimum of 5 years' experience in analyzing business financial statements, granting and structuring business loan requests, and generating business loan documentation required.

        • Minimum of 5 years' financial analysis experience with both business and personal tax returns preferred; includes analyzing financial statements for C Corps, S Corps, LLC, Partnerships, Trusts, and other legal structures.

        • Experience with credit spreading software such as Moody's Baker Hill, etc. preferred.

        • Experience with CoStar, Hoovers, or similar market research platforms preferred.

        • Previous experience in financial services/business development related field preferred.


          Charlotte, NC - Charlotte, NC 28202 US
          Greensboro, NC - Greensboro, NC 27401 US
          Greenville - Greenville, SC 29607 US
          Operations Center - Winston Salem - Winston Salem, NC 27103 US (Primary)


          Business Services

          Job Type


Keywords: Truliant Federal Credit Union, Greenville , Business Services Commercial Underwriter II (Remote Work Flexibility - NC, SC), Accounting, Auditing , Greenville, South Carolina

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