Commercial Credit Underwriter – Banking

Commercial Credit Underwriter – Banking

Salary:                         TT$10,000 - $11,000

Location:                     Port of Spain

Industry:                     Banking

Terms:                         Contract – 6 months

DESCRIPTION

• Responsible for underwriting commercial type loans and preparing presentations
• Utilizes provided software/excel to score credit applications as well as create customer profile and security analysis
• Compile all Compliance documents
• Performs annual reviews
• Provides support for business developers on new customers
• Undertakes the analysis, evaluation, and underwriting of proposed credit facilities for customers and prospects
• Attend customer meetings
• Assesses credit opportunities; identifies key risks, and structures alternatives working in a team environment
• Responsible for preparing in-depth credit packages
• Responsible for conducting research on borrowers and industries
• Takes ownership of the credit process, making decisions in the best interest of the customer and organization
• Provides support to account officers if needed
• Responsible for measuring covenants put in place within loan agreements, with a clear understanding of the effect and purpose of those loan covenants, and communicates the compliance of the borrowers to the Manager Credit and Assistant Manager Credit as needed
• Completes annual reviews, modifications, extensions, renewals, and new loan requests for customers with minimal required changes from the credit approvers
• Analyzes more complex credits with assistance from Manager Credit
• Applies experience with comparable credits to recommend appropriate covenants, terms, and conditions, and structure for a credit request
• Identifies policy exceptions within a credit request
• Prepares disbursements to clients
• Reporting
• Portfolio Management/client management
• Discusses risk ratings and the rationale for the determination of acceptable credits with the compliance officer, Manager Credit and credit approvers.

QUALIFICATIONS

Knowledge and Skills:

• Knowledge of financial statement analysis, general accounting, cash flows and various loan calculations.
• Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes.
•  Results-driven achiever with exemplary planning and organizational skills, along with a high degree of detail orientation.
• Exceptional listener and communicator who effectively conveys information verbally and in writing.
•  Resourceful team player who excels at building trusting relationships with clients and colleagues
• Applicable knowledge of Microsoft Office suite (familiarity with a loan servicing software a plus).

Education/Experience:

• Bachelor’s degree in Finance, Accounting, or Business Administration preferred;
• Minimum 5 years of operating business/commercial lending experience required