Lead Business Loan Underwriter - Remote
Company: NIH Federal Credit Union
Location: Rockville
Posted on: June 24, 2022
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Job Description:
Description:
We are looking for more than just an employee, we are looking for a
true team member dedicated to enhancing the member experience! Come
join the credit union movement and Discover Banking With Heart at
NIHFCU!Be a part of our team where commitment to members with
exceptional service and banking solutions that enhances their lives
is our mission. If helping people and making a difference appeals
to you, this is the place for you!At NIHFCU, one of our core values
is investing in our employees, which is why we offer perks like
these:--- Benefit Package for all Full time employees includes
health, dental, vision, Life insurance benefits--- 401(K) and
profit sharing--- Tuition Reimbursement--- Career Advancement and
development--- Credit Union Membership with discounted services and
products.GENERAL SUMMARYThe Lead Business Loan Underwriter will
have a strong focus on commercial Conventional and
Government-Guaranteed Loans (such as SBA 7(a), SBA 504, and SBA
Express) for the purposes of real estate, equipment, business
acquisition, and working capital. The Lead Business Loan
Underwriter is responsible for maintaining their Department and
assisting Business Lending from Origination to Servicing.MAJOR
DUTIES AND RESPONSIBILITIESExtract financial and non-financial data
from various accounting and information systems and documentation
to determine appropriate analysis format.Evaluate Borrower and
Guarantor's financial capacity, experience, and qualifications for
the proposed loan request.Underwrite and analyze financial
statements and federal tax returns, including cash flows,
performance ratios, and performance to develop assessment of
strengths and weaknesses pertaining to a Borrower's past and future
operation.Perform collateral analysis as needed, including ordering
and reviewing appraisals and environmental reviews.Collect and
maintains industry data, research industry specific information
from external sources, including conversations with the Borrowers,
industry publications, credit agencies, and market analysts. Must
be able to interpret compiled data and provide recommendation for
program and portfolio enhancements.Prepare complex commercial
credit analysis in proper format, context, and program (i.e.
Conventional, SBA 7(a), SBA 504, or SBA Express) involving a full
complete narrative, financial analysis, and recommendation in the
form of a submission presentation to Senior Management.Establishes
and maintains credit files for each relationship. Ensures that
Member's credit analysis information, such as loan documentation,
financial statements, tax information, credit history from trade
references, and correspondence, are incorporated in the credit
file.Provide guidance to Business Lending Team Members involved in
the processing, closing, funding, and/or servicing of loans.Perform
annual loan reviews of existing business relationships to monitor
compliance with loan conditions and NIHFCU Member Business Lending
Policy; ensuring that any credit covenants of the loan are in
compliance. The annual loan review shall include an evaluation of
the existing loan risk rating and a recommendation for any
necessary changes in risk rating.Ensure sound analysis and lending
procedures are followed at all times. Must remain in compliance
with the NIHFCU Member Business Loan Policy, NUCA, Federal and
State banking laws and regulations.Maintain the confidentiality and
security of all Member or Associate personal and financial
information.Resolve complaints from Members and nonmembers in a
professional manner.
Requirements:
EDUCATION & EXPERIENCEBachelor's degree in business or related
field, with minimum of five (5) years' experience in commercial
lending. Experience with a credit union background is
desired.Knowledge of laws, regulations and eligibility governing
business lending practices across multiple programs.Knowledge and
proficiency of commercial financial analysis and ability to
underwrite to NCUA and SBA guidelines/eligibility to provide sound
loan recommendations.Strong organizational ability with capacity to
manage multiple simultaneous projects efficiently.Excellent
communication, analytical, and interpersonal skills
required.Maintain confidentiality with regards to all Credit Union
and Member information.Superior expertise with Microsoft Office,
Excel, PowerPoint and other software.NIHFCU is an Equal Opportunity
Employer and does not discriminate against employees or applicants
based on race, color, religion, sex/gender, national origin,
disability, age, or any other category protected by
law.PM18PI182947120
Keywords: NIH Federal Credit Union, Rockville , Lead Business Loan Underwriter - Remote, Other , Rockville, Maryland
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