Senior Underwriter - Commercial Finance

<strong>As a healthy, growing and thriving bank, we offer employees everything they need to flourish in the world of banking. That&rsquo;s because we strongly believe our people are our strongest assets. From advancement opportunities to employee development, we invest in our people to be the best they can be.<br /><br /></strong>Member FDIC&nbsp; |&nbsp; Equal Housing Lender&nbsp;

Michigan, USA

Chemical Bank

<p><strong>Since 1917, Chemical Bank&rsquo;s home town approach to banking has been focused on community banking, highlighted by local leadership and decision making, a devotion to community and personalized service. We pride ourselves on being an Equal Opportunity Employer.<br /><br />As a Chemical Banker, you will join other professionals who share our community banking philosophy of making a positive impact where we live, work and play. You will be a part of a growing community bank that believes in the dreams of its customers and employees alike. With Chemical Bank, you will make a difference in your community while enjoying excellent benefits and top career opportunities. Visit our&nbsp;<a href="https://www.chemicalbank.com/careers/">Careers Page</a>&nbsp;for more information.</strong></p> <br /> <p>&nbsp;</p> https://www.chemicalbank.com/

keywords: finance,management,analysis,support,reporting,analysis,compliance,prepare,communication,finance,transaction,experience,communication,teamwork,degree,finance,knowledge

Full-Time

Competitive Compensation and Benefits Package

Overview: <p style="margin: 0in 0in 0pt;"><span style="font-family: 'Verdana',sans-serif; font-size: 10pt;">The Senior Underwriter &ndash; Commercial Finance will be responsible for structuring, analyzing, and underwriting commercial finance and equipment finance transactions originated through direct and indirect sources. The Senior Underwriter will support credit prescreening efforts and facilitate the preparation of approval memorandums presented to Divisional Management and, as applicable, the bank&rsquo;s Credit Committees. The Senior Underwriter will be a self-starter with the ability to work independently on complex transactions with little oversight. The Senior Underwriter will demonstrate strong credit, analytical, and written and verbal communication skills along with experience in financial modeling, portfolio management, and projection and sensitization analysis. The Senior Underwriter will work closely with Senior Account Executives in managing the overall credit approval through transaction closing, and thereafter take a lead role in the management of a portfolio of accounts. Although duties will be primarily focused in the equipment finance lending / leasing space, the Senior Underwriter is also expected to assist in the Credit process for the broader Commercial Finance team from time to time. This position will report to the Senior Vice President, Credit Officer&ndash;Commercial Finance. </span></p>
Responsibilities: <ul> <li>Identify and analyze key credit risks and mitigants.</li> <li>Appropriately document and mitigate all Bank policy exceptions.</li> <li>Analyze collateral and identify mitigating collateral issues.</li> <li>Conduct financial modeling using Baker Hill, MRA, RMA, or other financial spreading software packages.</li> <li>Prepare approval memorandums incorporating key credit risks and recommendations for appropriate deal structure.</li> <li>Complete due diligence process in an expeditious manner meeting the prospect&rsquo;s expectations on direct transactions and within deadlines established by agent banks on participations and club deals.</li> <li>Effective and timely communication with credit management, borrower, and agent banks as well as with internal partners such as Treasury Management, Corporate Banking, Mezzanine, etc. engaging partners as appropriate throughout the underwriting process.</li> <li>Review legal documents, seek additional approvals to ensure compliance, and act as a leader in the documentation and closing process, as necessary.</li> <li>Occasionally work with Senior Account Executives on transaction prescreens for early identification of credit issues as well as providing structural, analytical, and indicative risk rating assistance.</li> <li>Conduct ongoing due diligence such as account monitoring, covenant compliance, and other portfolio management activities.</li> <li>Perform other duties as assigned.</li> </ul> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p>
Requirements: <ul> <li>A bachelor&rsquo;s degree preferably in business management, accounting and/or finance.</li> <li>At least 10 years&rsquo; of comparable experience. Preference will be given to candidates who have both commercial/equipment finance and leasing experience and middle-market bank experience.</li> <li>Strong credit and underwriting skills.</li> <li>Understanding of secured loan documentation; negotiation skills. Preference will be given to candidates with experience as a leader in the documentation and closing process (both direct and indirect transactions), inclusive of making business decisions during negotiations.</li> <li>Strong written and verbal communication skills.</li> <li>Strong interpersonal skills to effectively communicate with prospects, senior account executives, agent banks, credit administration, and other bank personnel.</li> <li>Ability to effectively work under tight timelines.</li> <li>Proficient user of Microsoft Excel and Word.</li> <li>Demonstrated ability to analyze, negotiate, and manage complex commercial credit transactions.</li> <li>Experience analyzing business financial statements and tax returns (individuals and business).</li> <li>Successful completion of a formal credit training program.</li> <li>Possess a team oriented focus with a clear willingness to assist colleagues with varying backgrounds and levels of experience.</li> </ul> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt;">&nbsp;</p> <p>&nbsp;</p>