Credit Union of Texas
Commercial Underwriter
Responsible for supporting lending efforts by underwriting new and renewed loans. Serves as a trained credit underwriter and works with loan types including agricultural, commercial, industrial, and commercial real estate transactions. Underwrites transactions of varying complexity (generally carry total Credit Union commitments "TCE" up to $24MM). Completes annual reviews, performs financial statement analysis and completes global debt service calculations. Essential Job Functions Underwrites business and commercial department loan requests with total credit exposure (TCE) up to $24MM. Performs annual reviews, financial spreads and global debt service calculations. Ensures loan requests are underwritten consistently and in accordance with the Credit Union's credit policies, procedures and standards. Manages assigned credit transactions, ensuring the loan requests are handled efficiently and processed in a timely manner, consistent with the Credit Union's standards. Communicates with lenders, credit officers and management regarding specifics concerning approved and declined loans. Tracks, monitors, and reports activity on loan applications and decisions, including maintaining a record of loan applications received and booked. Maintains the independence of the underwriting function and the recommendation of the initial credit risk rating. Regularly exercises discretion and judgment in the performance of essential job functions. Maintains good punctuality and attendance to work. Follows Credit Union policy, procedures and guidelines. Knowledge, Skills & Abilities Ability to communicate effectively both verbally and in writing. Ability to demonstrate strong credit skills. Ability to demonstrate effective customer service skills. Ability to maintain confidentiality. Ability to demonstrate attention to detail, accuracy and thoroughness in work product. Ability to maintain focus and concentration in a fast-paced environment. Ability to work evenings and weekends as necessary. Skill in using computer and Microsoft Office, including Word, Excel and Outlook. Equipment Used In Job Performance/Working Environment Computer Telephone Multi-function device Major Job Demands (Physical/Mental) Decision-making Problem-solving Position Requirements Basic Qualifications: Bachelor's degree in related field, or commensurate work experience, required. 2
4 years of credit underwriting, financial analysis/management and/or lending work experience required, preferably including: commercial and industrial; owner-occupied commercial real estate; accounts receivable/inventory; and commercial and residential 'For Sale' and 'Income' properties. Agricultural lending Formal commercial credit training either from a commercial bank management training program or external provider, such as RMA or Omega, preferred. Physical Activities and Requirements of this Position Finger Dexterity: Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together. Grasping: Using fingers and palm on an object. Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly. Repetitive Motions: Movements frequently and regularly required using the wrists, hands, and/or fingers. Average Hearing: Able to hear average or normal conversations and receive ordinary information. Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery. Sedentary Work: Sitting part of the time. Exerts up to 10 lbs. of force occasionally. Working Conditions of this Position Few. No hazardous or significantly unpleasant conditions except during construction wearing a hard hat is required. Mental Activities and Requirements of this Position Reasoning Ability: The ability to use common sense or logic. Detailed: Ability to apply common sense understanding to carry out detailed instructions and to deal with problems involving many variables. Mathematical Ability: Basic Ability to perform basic math skills including adding, subtracting, multiplying, and dividing two-digit numbers; operations with units such as inch, foot, yard; ounce, pound (or their metric counterparts), and square footage; ability to understand appraisals, compute rent rates and lease expiration times. Language Ability: The level of ability required to communicate and understand written and oral language. Compliance requirement The responsibilities contained within this job description remain compliant with Bank Secrecy Act / Anti-Money Laundering, Office of Foreign Assets Control and USA PATRIOT Act as they apply to the duties of the position. Disclaimer The information in this job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job, which may vary on the department or the assignment. The actual essential duties, responsibilities and qualifications may vary by department, reporting structure and other business needs. No inference should be drawn that a specific job duty, responsibility or qualification is non-essential by its absence from this description.
Responsible for supporting lending efforts by underwriting new and renewed loans. Serves as a trained credit underwriter and works with loan types including agricultural, commercial, industrial, and commercial real estate transactions. Underwrites transactions of varying complexity (generally carry total Credit Union commitments "TCE" up to $24MM). Completes annual reviews, performs financial statement analysis and completes global debt service calculations. Essential Job Functions Underwrites business and commercial department loan requests with total credit exposure (TCE) up to $24MM. Performs annual reviews, financial spreads and global debt service calculations. Ensures loan requests are underwritten consistently and in accordance with the Credit Union's credit policies, procedures and standards. Manages assigned credit transactions, ensuring the loan requests are handled efficiently and processed in a timely manner, consistent with the Credit Union's standards. Communicates with lenders, credit officers and management regarding specifics concerning approved and declined loans. Tracks, monitors, and reports activity on loan applications and decisions, including maintaining a record of loan applications received and booked. Maintains the independence of the underwriting function and the recommendation of the initial credit risk rating. Regularly exercises discretion and judgment in the performance of essential job functions. Maintains good punctuality and attendance to work. Follows Credit Union policy, procedures and guidelines. Knowledge, Skills & Abilities Ability to communicate effectively both verbally and in writing. Ability to demonstrate strong credit skills. Ability to demonstrate effective customer service skills. Ability to maintain confidentiality. Ability to demonstrate attention to detail, accuracy and thoroughness in work product. Ability to maintain focus and concentration in a fast-paced environment. Ability to work evenings and weekends as necessary. Skill in using computer and Microsoft Office, including Word, Excel and Outlook. Equipment Used In Job Performance/Working Environment Computer Telephone Multi-function device Major Job Demands (Physical/Mental) Decision-making Problem-solving Position Requirements Basic Qualifications: Bachelor's degree in related field, or commensurate work experience, required. 2
4 years of credit underwriting, financial analysis/management and/or lending work experience required, preferably including: commercial and industrial; owner-occupied commercial real estate; accounts receivable/inventory; and commercial and residential 'For Sale' and 'Income' properties. Agricultural lending Formal commercial credit training either from a commercial bank management training program or external provider, such as RMA or Omega, preferred. Physical Activities and Requirements of this Position Finger Dexterity: Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together. Grasping: Using fingers and palm on an object. Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly. Repetitive Motions: Movements frequently and regularly required using the wrists, hands, and/or fingers. Average Hearing: Able to hear average or normal conversations and receive ordinary information. Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery. Sedentary Work: Sitting part of the time. Exerts up to 10 lbs. of force occasionally. Working Conditions of this Position Few. No hazardous or significantly unpleasant conditions except during construction wearing a hard hat is required. Mental Activities and Requirements of this Position Reasoning Ability: The ability to use common sense or logic. Detailed: Ability to apply common sense understanding to carry out detailed instructions and to deal with problems involving many variables. Mathematical Ability: Basic Ability to perform basic math skills including adding, subtracting, multiplying, and dividing two-digit numbers; operations with units such as inch, foot, yard; ounce, pound (or their metric counterparts), and square footage; ability to understand appraisals, compute rent rates and lease expiration times. Language Ability: The level of ability required to communicate and understand written and oral language. Compliance requirement The responsibilities contained within this job description remain compliant with Bank Secrecy Act / Anti-Money Laundering, Office of Foreign Assets Control and USA PATRIOT Act as they apply to the duties of the position. Disclaimer The information in this job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job, which may vary on the department or the assignment. The actual essential duties, responsibilities and qualifications may vary by department, reporting structure and other business needs. No inference should be drawn that a specific job duty, responsibility or qualification is non-essential by its absence from this description.