Junior Underwriter 8/27/2016

Crestmark Troy, MI

Company
Crestmark
Job Classification
Full Time
Company Ref #
29350074
AJE Ref #
576000969
Location
Troy, MI
Job Type
Regular

JOB DESCRIPTION

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JOB SUMMARY

Underwrite loans in a timely manner that will result in an acceptable level of credit risk and an appropriate risk return relationship. The underwriting officer will facilitate the booking of new loans, will ensure that customers understand our requirements and their responsibilities, will manage the entire underwriting process through closing and, affect a "smooth" transition to the Account Executive.

DUTIES AND RESPONSIBILITIES

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Underwrite the entire spectrum of the Bank's lending products, regardless of size or complexity, in a timely and efficient manner.
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Understand the Bank's credit policies and minimum underwriting standards.
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Work closely with the various Business Development Officers in order to provide a "consultative/value-added" credit perspective, both prior to proposal issuance and at all times thereafter.
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Review and analyze new deal packages for content and completeness and conduct initial "interview" with prospect.
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Order and review due diligence and documentation.
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Review and analyze financial statement spreads and understand flows of cash.
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Review field examinations and understand collateral and financial trends indicated therein.
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Visit prospect location and meet management of the business prior to closing, for transactions over a predetermined amount.
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Gain thorough understanding of the Prospect's business and the company's asset conversion cycle.
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Review reporting requirements and processing with client.
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Analyze debtor information in conjunction with Debtor Credit Manager.
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Prepare the credit narrative for appropriate approval.
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Conduct and document the pre-funding confirmation process and oversee the efforts of the Client Analyst assigned to the transaction.
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Oversee closing documentation process and be able to effectively negotiate documents with prospect.
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Mentor and train analysts, field examiners, and less experienced business development representatives.
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Perform other ad-hoc functions, projects, etc. for other areas of the bank as required.
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Position reports directly to the National Underwriting Manager.

QUALIFICATIONS AND REQUIREMENTS

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A bachelor's degree is required. Concentration in accounting or finance is preferred.
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Minimum 3-5years of secured lending experience, with demonstrated strong credit management skills.
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Thorough knowledge of secured lending with skill set to underwrite large or small transactions for both factoring as well as Asset Based deals.
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In addition to lending experience indicated above, an Asset-Based field examination background is preferred.
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Good written and verbal communication skills, with the further ability to effectively negotiate documents.