Commercial Loan Underwriter

Land of Lincoln Credit Union; Manitoba; On-site; CAD 59,000 - 72,000; Full time

Benefits offered by this job

Health insurance

Dental

Vision

Short-Term Disability

Long-Term Disability

401k

Paid Holidays

Tuition Assistance

Employee Assistance Program

Volunteer time off

Job summary

Paylocity is seeking a Commercial Loan Underwriter in Manitoba to join the Business and Agriculture lending team. The role reports to the Vice President and Credit Officer and is exempt.

The candidate will assess credit risk on new loan requests and perform loan reviews in conformance with policies, procedures, and regulatory guidelines, while supporting audits and examinations as needed. Strong analytical skills, experience with financial statements, and proficiency in Excel are essential to

Qualifications

• Ability to read, understand, and interpret financial statements.
• Proficient in Windows applications and Microsoft Office Suite, with emphasis on Excel.
• Knowledge of credit reporting and lending practices.
• Excellent verbal and written communication skills.

Responsibilities

• Assess and determine repayment ability of borrowers and guarantors with in-depth analysis of financial statements.
• Review collateral viability and adequacy of documentation.
• Analyze borrower and guarantor creditworthiness from multiple sources.
• Review and analyze legal documents as necessary.
• Prepare risk ratings for commercial relationships and communicate material risk information.
• Maintain knowledge of Loan Policy, Procedures, and regulatory guidelines.
• Perform annual reviews of existing loans per policy.
• Meet with loan officers to discuss business credits and relationships.
• Maintain organized files and meet deadlines.
• Support audit and examination responses and participate in training.

Skills

Credit analysis

Excel

Financial statements

Communication

Lending practices

Education

Associate Degree in Accounting or Finance

Four-year degree preferred

Tools

Windows

Microsoft Office

Job description

Description

Reports to the Vice President and Credit Officer

Exempt

General Functions:

The Commercial Loan Underwriter is an essential position within the Business and Agriculture lending team, providing analytical support by assessing credit risk on new loan requests and loan reviews on existing loans in the Business and Agriculture loan portfolios as assigned, in conformance with established policies, procedures, and objectives. The Commercial Loan Underwriter is additionally responsible for ensuring compliance with all prescribed regulatory compliance guidelines.

Duties and Responsibilities:

1) Assess and determine repayment ability of all borrowers and guarantors, and from a global perspective through in-depth analysis of tax returns and financial statements, including balance sheet, income statement, cash flow statements, using trend, cash flow, ratio, leverage, and projection analysis, which includes stress testing cash flow using various criteria such as changes in interest rate and vacancy.

2) Review documentation to determine viability and adequacy of collateral.

3) Utilize information from various sources to determine Borrower and Guarantor character and creditworthiness.

4) Review and analyze legal documents as necessary.

5) Prepare and calculate risk ratings on commercial relationships and communicates any material information to assist in limiting risk.

6) Possess and apply a working knowledge and understanding of Loan Policy, Procedures, and appropriate regulatory guidance.

7) Perform Annual Reviews of existing loans in accordance with established policies and procedures.

8) Meet with business loan members on a scheduled basis in conjunction with the loan officers to foster relationship and enhance the credit union’s understanding of business credits.

9) Maintain workflow and prioritize tasks to meet deadlines.

10) Maintain accurate files.

11) Assist with audit and examination responses.

12) Attend training as necessary.

13) Maintains work area in an orderly manner.

14) This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee. Performs other duties and works other hours as assigned.

15) Must be able to meet physical requirements: prolonged periods of sitting at a desk working on a computer or standing and completing training activities; must be able to lift 30 pounds at times.

Requirements

Required Qualifications:

• Education and/or experience equivalent to an Associate’s Degree in Accounting or Finance.
• Ability to read, understand, and interpret financial statements.
• Proficient in Windows applications and Microsoft Office Suite or related software, as well as analysis software, with an emphasis on Microsoft Excel.
• Knowledge of credit reporting and lending practices.
• Excellent verbal and written communication skills.

Preferred Qualifications:

• Four year degree in Accounting or Finance, or a related business field, from an accredited university.

PAY INFORMATION

Minimum salary $65,000; offer dependent upon qualifications and experience.

BENEFITS*

Insurance Options

• Health
• Dental
• Vision
• Accidental
• Hospital Indemnity
• Critical Illness
• Voluntary Life Insurance
• Short-Term Disability, Long-Term Disability, and Basic Life/AD&D Insurance all covered by LLCU
• Flexible Spending Accounts (Medical FSA, Dependent Care FSA, and Limited FSA)
• Health Spending Accounts
• Employee Assistance Program

Time Off

• Paid Time Off (PTO)
• Sick Leave
• Paid Holidays (those recognized by the Federal Reserve Bank)
• Paid Parental Leave
• Funeral and Grieving Leave
• Paid Disability Leave

Additional

• 401k
• Clothing Allowance
• Community Impact/Community Service - Staff are provided up to 14 hours per year of paid time for the purposes of volunteering.
• Tuition Assistance and Professional Development Opportunities
• Fitness Programs
• New Employee Referral Bonus

*Eligibility criteria must be met.