Commercial Loan Underwriter

Patelco Credit Union

Dublin (CA)

On-site

USD 92,000 - 115,000

Full time

4 days ago

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Benefits offered by this job

401(k) with match

Loan discounts

Tuition reimbursement

Medical, dental, vision, life benefits

Job summary

Patelco Credit Union is seeking a skilled credit professional to support the lending activities of the Member Business Loan department. You will perform in-depth underwriting, analyze financial statements, prepare approval memorandums, and provide timely credit analysis for prospective and current borrowers.

The role requires strong analytical and communication skills, attention to regulatory guidelines, and the ability to manage multiple loans while maintaining confidentiality.

Qualifications

Bachelor’s degree in Finance, Accounting, or related major required.
Math aptitude and analytical skills required.
Knowledge of SBA guidelines, processes, and regulations governing servicing actions preferred.

Responsibilities

Perform in-depth underwriting analysis of borrowers’ character, credit worthiness, and financial condition.
Provide analytical support to senior lending personnel.
Prepare approval memorandums for presentation to lending authorities.
Conduct industry research and analyze financial statements for credit decisions.
Develop credit information for lending decisions on new loans, renewals, and extensions.
Ensure credit files are organized and up to date.
Understand and comply with applicable banking regulations and Patelco policies.

Skills

Credit analysis

Written communication

Oral communication

Analytical thinking

Multi-project management

Confidentiality

Regulatory knowledge

Education

Bachelor’s degree in Finance or Accounting

Job description

About Patelco Credit Union

Patelco Credit Union is a not-for-profit credit union with a purpose to build financial health and wellbeing for our members. Since 1936, Patelco has grown from $500 in assets to over $9 billion in assets and is the 7th largest credit union in California with branches throughout Northern California.

About Patelco Credit Union

We are here for our members throughout all their stages of life. Meeting them with the products and services to help them plan purposefully for their futures and to secure our life-long partnership as their trusted financial advocate. As one team, we are all committed to delivering service, empowering financial literacy, creating products, and providing new technology for our members.

We believe that work should be rewarding, challenging, and enjoyable. We’re dedicated to creating a positive and supportive culture where our team members can thrive. If you’re looking to use your skills and knowledge to make a difference in our members’ lives, Patelco could be the perfect fit for you.

Overview

In this role, responsibilities will include supporting the lending activities of the Member Business Loan department by providing insightful and timely credit analysis of prospective and current borrowers.

Responsibilities

Perform an in-depth underwriting analysis of each borrower’s character, credit worthiness, and financial condition.
Provide analytical support to senior lending personnel.
Analyze financial statements and related material to prepare written credit analysis of individual and corporate borrowers.
Prepare approval memorandums for presentation to appropriate lending authorities.
Conduct and present industry research.
Interact with servicing institutions or organizations at the direction of the senior credit personnel.
Investigate all available sources of credit and financial information, including reporting services, credit bureaus, and agencies.
Perform specific portfolio analysis at the direction of senior credit personnel.
Assist with committee and Board of Director reporting.
Develop credit information for use by senior credit personnel in lending decisions on new loans, renewals, and extensions.
Prepare summaries, present facts, and offer opinions concerning credit worthiness.
Ensure that all credit files are organized and include current information.
Analyze commercial property financial information to determine actual income, expenses, and projected debt service.
Review credit reports, appraisals, environmental reports, title reports, and other documents for collateral property.
Document approval actions.
Perform interim and annual reviews of individual loans to determine the appropriate grading.
Contribute to organizational projects and improvement initiatives.
Conduct, or assist with, off-site due diligence reviews on third-party servicers.
Conduct, or assist with, off-site inspections of commercial real estate collateral.
Provide input and suggestions relating commercial workout and restructure situations.
Administer a portfolio loans for initial and ongoing performance and compliance to policy.
Understand and comply with all applicable federal and state laws and banking regulations (including those related to OFAC and Bank Secrecy Act / Anti-Money Laundering compliance) and Patelco Credit Union’s policies and procedures.

Functional Competencies

Developed knowledge of credit and financial research and analysis techniques.
Strong understanding of loan risk factors.
Strong written and oral communication skills.
Strong ability to effectively discuss complex loan related matters.
Ability to establish and maintain effective working relationships with internal and external contacts.
Ability to work on multiple projects/loans simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
Demonstrated proficiency and capability in word processing and spreadsheet software.
Ability to maintain the confidentiality of credit and customer information.
Strong understanding of workout and restructure regulatory guidance.
Strong understanding of accounting guidance and pronouncements related to loan origination and administration.

Qualifications

Minimum Qualifications

Bachelor’s degree in the areas of Finance, Accounting, or related major required.
Three of more years’ experience working with commercial or business lending portfolios preferred.
Math aptitude and analytical skills required.
Knowledge of general accounting principles required.
Knowledge of SBA guidelines, processes, and regulations governing servicing actions preferred.

Physical Activities/Requirements

This position is located in Dublin HQ

Target Base Pay

$92,028 - $115,032/ yr

Compensation At Patelco

Please note that the salary information is a general guideline only. Patelco Credit Union considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as market and business considerations when extending an offer. We offer a competitive total rewards package including a Short-Term Incentive (STI) program for all regular positions and a wide range of medical, dental, vision, financial, and other benefits.

We Offer

Physical Health