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Commercial Underwriter

Company: Seacoast National Bank
Location: Jensen Beach
Posted on: November 12, 2021

Job Description:

Since opening our doors in 1926, Seacoast Bank has embraced a visionary approach to the future while remaining true to our local roots and family values. Based in Stuart, we are one of the largest publicly traded banks headquartered in Florida. We believe that our greatest assets will always be our people - local bankers who are knowledgeable about the communities we serve and dedicated to providing an exceptional customer experience. We offer exciting and challenging opportunities in an environment that supports diversity, enabling associates across the organization a greater sense of empowerment to create change for the better. This is evident in our American Banker "2020 Best Banks to Work For" and "Best Places to Work for LGBT Equality" by the Human Rights Campaign designations. PRIMARY OBJECTIVE: Analyze the financial information on existing and potential customers to assess the borrower's and guarantor's financial condition and ability to repay for loan request or for annual review. Underwriter candidates must be able to perform all job functions with no direction. Underwriters should be able to handle all loan types, including complex borrowers, with little to no direction, and should be able to negotiate structure with Commercial Lenders on underwriting assignments with little to no intervention by the Regional Credit Officer. Underwriters support the bank mission by supporting and participating in new client relationship development activities, function as part of the lending partnership, while ensuring that loans are quality assets and well-structured so as to mitigate portfolio risk. RESPONSIBILITIES: Analyze financial information for new loan requests, renewals/modifications, and existing borrowers to aid the credit decision making and maintenance process. Makes correct lending decisions on loans within his/her credit authority. Prepare and present financial information and other information into the required format and analyze in detail for trends, ratios, cash flow, etc. Prepare analytical credit memoranda which are accurate and insightful, which identify all risks. Takes personal responsibility for meeting Service Level Agreements. Must be capable of working independently and defending all work product effectively. Must be able to communicate in a balanced and effective way. Investigate all available sources of credit and financial information including reporting services, credit bureaus, other companies, meet with and/or call borrower and accountants. Maintain a thorough understanding of loan policy to inform lending personnel of policy exceptions contained in new loan requests/modifications being reviewed for possible restructuring and/or curing and to appropriately document policy exception in loan approval/review documents. When necessary, accompany lender(s) on officer calls to existing or potential borrower's businesses. Responsible for preparing department reports as directed. Responsible for assisting other Underwriters to aid in covering overflow at other offices. Education and/or Experience Bachelor's degree from a four-year college or university in finance, accounting or business preferred. Minimum 10 years relevant experience with commercial credit analysis training, finance, or equivalent, with preferred experience of 15+ years. Formal commercial credit analysis preferred.

Keywords: Seacoast National Bank, Palm Beach , Commercial Underwriter, Other , Jensen Beach, Florida

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