Job Description

NORTHPOINT COMMERCIAL FINANCE

Underwriter

Job Title:

Underwriter I

Department:

Credit

Reports To:

Underwriting Manager

FLSA Status:

Exempt

Position Summary: Credit’s role is to protect corporate assets through a quality, detailed and thorough analysis of a submitted loan package. Credit is a member of a diverse organization, working closely with sales professionals, account managers and legal team.

An Underwriter analyzes commercial loan packages for new and existing commercial customers. In this role, the underwriter would rely chiefly on individual and commercial credit reports to render a decision as to the credit worthiness of an applicant or current client. Secondarily, an underwriter in this role would utilize basic financial analysis to supplement the information provided by credit reporting agencies if the latter is not sufficient on its own to render a credit decision.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

• Ability to read and interpret credit reports and scores provided by national credit rating agencies, recognizing how the mix of loans and trends in a loan applicant’s credit report can influence his or her ultimate credit score.
• Ability to effectively manage multiple applications simultaneously with a goal of completing all assigned reviews within 2 to 3 days of receipt, even those that may lack the requisite information when submitted.
• Ability to work effectively with others in the organization to achieve mutually-desired goals related to turnaround time, loan activation levels and loan losses.
• Ability to take initiative in seeing that loan applications assigned to him or her progress through the review cycle without delay.
• Must be able to identify when exceptions can be made to policy guidelines without materially compromising the quality of the credit assessment.
• General understanding of business legal structures and documentation related to same under the Uniform Commercial Code, Article 9.
• Perform credit analysis and annual reviews of borrowers utilizing loan information generated internally along with outside sources of information in the form of credit reports and financial statements. The underwriter should be able to employ this information along with inductive reasoning to make credit recommendations that are clear and instructive or recognize when additional information is needed.
• Leverage resourcefulness, decisiveness, adaptability, and effective time management skills to meet service level agreements in a dynamic market.
• Issue definitive credit decisions on commercial loans typically up to $3,000,000, while ensuring alignment with organizational goals and established credit policies.
• Ability to write cogent, concise and persuasive loan summaries for credit managers.
• Evaluate and analyze borrower performance based on internal measurements and reports to include inventory management, payment history, audit reconciliation, and covenants.
• Drive business improvements to identify new initiatives and enhance process efficiencies.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Working knowledge of financial concepts related to cash cycles, liquidity and profitability.
• Familiarity with varying business structures including Sole Proprietorships, Partnerships, LLCs, S-Corps, and C-Corps.
• Clear, concise, and effective communication across all levels of the organization and with external stakeholders.
• Demonstrate initiative, challenge existing processes, and offer value enhancing improvements.
• Ability to work independently and prioritize effectively.
• Other characteristics aiding in daily job function include adaptability, resourcefulness, and decisiveness.

Education/Experience: Bachelor’s degree in Accounting, Finance, Business Administration or Economics preferred. Prior work experience in commercial floor planning or consumer lending environments such as sales finance, or auto dealership F&I departments is preferred but not required.

Language Ability:

Ability to read and interpret documents such as operating instructions and policy and procedure manuals. Ability to draft customer facing emails and correspondence on a regular basis. Ability to communicate effectively via phone with a variety of manufacturer/dealer contacts.

Computer Skills:

Microsoft Office required, specifically, Outlook, Word, Excel, and Access.

Certificates and Licenses:

N/A

Supervisory Responsibilities:

N/A

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit, use hands to finger, handle or feel and to talk or hear. The employee is occasionally required to stand, walk, reach with hands and arms, stoop kneel, crouch or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus.

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.

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