Credit Underwriter

ADP, Inc.; Huntsville (AL); On-site; USD 65,000 - 85,000; Full time

Job summary

ADP, Inc. in Huntsville, AL is seeking a Credit Underwriter to support the loan approval and closing process. The role coordinates with Sales Officers, Portfolio Manager I, and credit analysts to finalize loan packages for committee review.

The position focuses on underwriting and preparing credit memos, gathering information, and tracking covenants. A Bachelor’s degree in Finance or Accounting is preferred, with strong analytical and multitasking abilities.

Qualifications

• Bachelor of Science degree in Finance or Accounting preferred, but a degree in a related or applicable field will be considered.

Responsibilities

• Focuses on the underwriting and preparation of credit memos for committee level loan facilities or relationships, but available to work on all loan requests as needed.
• Works closely with the Sales Officers, Portfolio Manager I, and credit analyst to finalize loan packages for loan committee.
• Supplements the work of the Credit Analyst with detailed information about the loan request, banking relationship, background of the borrower, and comments by the Sales Officer to produce a complete loan approval memo.
• Assists the Credit Analysts and Commercial Processors in acquiring the information and documents they need to complete their functions.
• Aids Sales Officers with monthly, quarterly or annual covenant tracking and documentation.
• Monitors the request after it has been approved and assists the Commercial Processor through the document preparation and closing process.
• Occasionally will be responsible for entering consumer and commercial requests in the Bank’s consumer and commercial underwriting software.

Skills

Credit underwriting

Loan documentation

Analytical thinking

Multitasking

Time management

Education

Bachelor's degree in Finance or Accounting

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Active - Regular full-time Professional Downtown Huntsville, Huntsville, AL, US

2 days ago Requisition ID: 2220

General Summary

This position is a vital function in the consumer and commercial loan approval and closing process. The Credit Underwriter works in conjunction with Sales Officers, Credit Administration, and the Loan Processing Department for preparing and documenting loan approval packages.

Essential Functions

• Focuses on the underwriting and preparation of credit memos for committee level loan facilities or relationships, but available to work on all loan requests as needed
• Works closely with the Sales Officers, Portfolio Manager I, and credit analyst to finalize loan packages for loan committee.
• Supplements the work of the Credit Analyst with detailed information about the loan request, banking relationship, background of the borrower, and comments by the Sales Officer to produce a complete loan approval memo.
• Assists the Credit Analysts and Commercial Processors in acquiring the information and documents they need to complete their functions.
• Aids Sales Officers with monthly, quarterly or annual covenant tracking and documentation.
• Monitors the request after it has been approved and assists the Commercial Processor through the document preparation and closing process.
• Occasionally will be responsible for entering consumer and commercial requests in the Bank’s consumer and commercial underwriting software.

Working Conditions

• Generally good, with little exposure to noise, extreme temperatures, dust or other adverse factors
• Considerable effort and eyestrain from continued review of loan files and documents to conduct comprehensive analyses
• Limited travel within the Bank Independent network required.

Minimum Level of Preparation and Training

• Bachelor of Science degree in Finance or Accounting preferred, but a degree in a related or applicable field will be considered
• Proficient in functions of a Credit Analyst

Required Skills, Knowledge and Abilities

• Ability to multitask and take on multiple duties at once
• Ability to understand customer relationships and work well with others in a fast-paced environment
• Excellent time management, decision making, organizational, and presentation skills

Employees are required to perform other duties as assigned by management. Management reserves the right to change this job description as needed.