Commercial Underwriter

Aquarius Professional Staffing; Cincinnati (OH); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

Health care

401(k) match

Tuition reimbursement

Wellness program

Flexible work arrangements

PTO

Paid holidays

Job summary

Aquarius Professional Staffing is seeking a Commercial Underwriter IV for a leading banking institution in Cincinnati. You will analyze financials, assess risk, and determine loan conformance to policy while supporting relationship managers.

The role requires a Bachelor's degree and 7+ years in credit underwriting, with CPA preferred and a Master’s encouraged. You will prepare credit memos, participate in loan committees, and help manage large, complex credits.

Qualifications

• Bachelor’s degree or higher in a related field.
• Minimum 7 years of credit underwriting experience.
• Experience with commercial loan portfolios and underwriting standards.

Responsibilities

• Perform financial analysis and risk assessment for commercial loan portfolios.
• Review loan applications and assess creditworthiness.
• Prepare credit memos for new and renewal requests on complex credits and large clients.
• Coordinate with Relationship Managers and Credit Officers on loan approvals.

Skills

Analytical skills

Financial analysis

Communication skills

Interpersonal skills

Underwriting knowledge

Education

Bachelor’s Degree in Accounting/Finance/Economics/Business Administration

CPA preferred

Master’s Degree encouraged

Job description

Are you a driven Commercial Underwriter looking to be a valuable asset to one of the top banking institution based here in the Cincinnati area? Don't miss your chance.

What you will get as the Commercial Underwriter lV:

• Competitive health care and medical coverage
• 401(k) retirement savings match and profit-sharing plans
• Tuition reimbursement and gym membership programs
• Specialized wellness program
• Flexible work arrangements and schedules
• Generous paid time off (PTO) and paid holidays
• Much more!

What you will be doing as the Commercial Underwriter lV:

• Performs financial analysis and risk assessment for the commercial credit portfolio including Business Banking , Commercial & Industrial, Commercial Real Estate, and any other business line established by Bank.
• Review commercial loan applications and analyze credit information to make a general assessment of applicant’s creditworthiness.
• Determines whether or not the proposed loan will conform to the Bank’s lending policy.
• Provide feedback to the Business Unit Manager, Regional and/or Market President, Senior RM and Commercial Credit Officer (CO), as appropriate, regarding the structure, underwriting, and management of loans.
• Maintain on-going communication with all appropriate management on the status of transactions.
• Spread statements for all new business opportunities and renewals not assigned to credit portfolio analyst.
• Financial spreading and cash flow/CRE template preparation for pre-screen/opportunity memo for prospects and new loans to existing clients.
• Prepare credit memos for new and renewal requests on complex credits and large clients, including those going before the Senior Credit Committee.
• Work with Commercial Relationship Managers in the preparation of complete and accurate CARs for presentation to the appropriate credit authorities for decisions on transaction credit requests and reviews. Attendance of loan committees when a CAR is being presented.
• Finalization of changes to CAR and verification of approval process in accordance with FFB policy.
• Work directly with Senior Relationship Managers, Business Unit Managers, and Regional Presidents in respective region. Includes attending local / regional meetings as necessary.
• Focus on new business and larger and/or more complex renewal transactions.
• Serve as additional point of contact on large credits and be present with RM/RA in discussions with client on financial statement questions. Assist RM/RA in maturity tracking for their assigned region. In conjunction with the CO, lead in the preparation of periodic portfolio reports assessing on-going risk.
• Provide underwriting and credit management activities for specialized portfolios originated or managed at the corporate level.
• Provide assistance and/or leadership in the underwriting and analysis associated with loan purchases and sales on an individual or pool basis.
• Conduct and provide certain industry analysis that is related to the various commercial loan portfolios.
• Assist in the Due Diligence activity associated with bank or business acquisitions as requested.

What you will be doing as the Commercial Underwriter lV:

• Bachelor’s Degree, preferably in Accounting, Finance, Economics, Business Administration or equivalent professional training
• Requires at least 7 years of specific credit underwriting or Business Banking underwriting experience.
• Specific credit underwriting experience for specialty portfolios should be come from experience in the specialty lending area.
• Proficiency in mathematical concepts, in order to apply to practical situations.
• Knowledge of advanced accounting principles and techniques
• Strong interpersonal and communication skills
• CPA or other appropriate financial certification preferred.
• Master’s Degree in Business, encouraged but not required