Commercial Loan Underwriter - Houston, TX - Job 3331
The Symicor Group
Houston, texas
Job Details
Full-time
Full Job Description
Commercial Loan Underwriter – Houston, TX – Job # 3331
Who We Are
The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!
We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.
The Position
Our bank client is seeking to fill a Commercial Loan Underwriter role in the Houston, TX market. The successful candidate will be responsible for preparing written, in-depth, credit analysis for commercial loans. The candidate will analyze SBA/CRE/C&I financial information and underwrite the creditworthiness of borrowers to ensure compliance with loan policy and all regulatory laws and regulations. (This is not a remote position).
Commercial Loan Underwriter responsibilities include:
Managing loan underwriting process by underwriting, processing, and coordinating the closing of business loans in compliance with the Bank’s lending policies and procedures, and federal & state regulations.
Collecting and analyzing financial data, financial condition, and level of risk related to various types of borrowing entities and individuals including financial statement analysis, collateral evaluations, trend analysis ratio, and industry analysis.
Performing commercial real estate loan stress tests.
Preparing written summary of loan terms and conditions and a written narrative explaining the business background, outlining risk factors, and justifying assigned risk rating
Conducting a thorough review of balance sheets, income statements, cash flow statements, tax returns, business plans, and projections presented by applicants to assess their ability to generate income sufficient to repay existing and proposed debt.
Identifying risks and assisting in structuring loans to mitigate risks.
Assigning appropriate risk ratings.
Monitoring loan repayment activities and take necessary action to collect on loan payments past due or matured loans.
Preparing documentation needed to obtain approvals as appropriate.
Interacting with account officers to negotiate loan terms and following up on information required to make decisions on the application.
Complying with all bank policies, procedures, state and federal banking laws, and regulations.
This position is primarily responsible for analyzing and risk-assessing credit applications for commercial, SBA and USDA loans to ensure compliance with the Bank's credit risk management strategy the Bank's credit policy, with SBA's SOP and USDA’s Guaranteed Loan Making policy by performing the following duties.
Consults with Loan Officer and prospects / client to validate new / renewal loan request.
Organizes documentation for credit analysis and approval.
Pre-Qualifies the credit request (preliminary) or escalate to Supervisor
Originates the credit package with appropriate commentary, financial analysis, and recommendations while ensuring compliance to regulations, policies and internal procedures.
Serving on task forces and committees as assigned.
Who Are You?
You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.
You also bring the following skills and experience:
Bachelor’s degree in business administration, finance, accounting, or economics.
Five or more years’ experience in Commercial Banking / Lending.
Experience with cash flow analysis, ratio analysis, and projections is required.
Strong knowledge of real estate appraisal techniques, field audit examination techniques, and commercial banking regulations required.
Formal bank commercial credit training is a plus.
Must have strong knowledge of Word, Excel, Sage works, Outlook, and other bank information systems as required.
Solid qualitative and quantity analytical skills required.
Excellent analytical, conceptual, writing, and communication skills.
Possesses strong organizational skills and can work with limited supervision.
Existing knowledge of assigned marketplace preferred.