Commercial Loan Underwriter - Hybrid Chicago

The Commercial Loan Underwriter will analyze both investor-owned and owner-occupied commercial properties across asset types. Responsible to author detailed new loan opportunity memorandums, performing annual reviews, and assemble analytical reports as requested by management. Present portfolio management updates and new transactions to various committees. Interact with team members to validate and verify the accuracy of various deal aspects. Meet deadlines have a customer service mindset and serve as an expert to understand policies and standards. 

• Analyze new loan opportunities, focusing on both fully depicting the property’s strengths and weaknesses and the financial health of the transaction’s sponsors as determined by reviewing and reconciling credit reports, tax returns, financial data, market data, and appraisals
• Present findings to loan committees based on comprehensive underwriting in compliance with commercial loan policies and standards and credit risk parameters
• Ensure timely completion of annual reviews and other assessment reports and present recommendations to loan committees
• Provide Risk Rating adjustment recommendations due to covenant violations, changing economic and market conditions, collateral conditions and guarantor conditions
• Make process and policy change recommendations to departmental leadership

Education

• High School or Equivalent - Minimum
• Bachelor’s Degree in Business, Finance, Accounting or Related – Preferred

Experience

• 5 years - Investment banking, commercial real estate or related – Minimum
• 3 years - Commercial Underwriting - Minimum
• Knowledge of credit analysis, lending, and loan and appraisal review

You will benefit from:

• Competitive medical, dental, and free vision benefits
• Paid parental leave
• Competitive compensation plan
• Gym memberships discounts
• Generous PTO and banking holidays off 
• Tuition reimbursement
• 401k with immediate employer match and vesting

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.

The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.