Senior Commercial Underwriter

Burke & Herbert Bank; Alexandria (VA); On-site; USD 80,000 - 130,000; Full time

Job summary

Burke & Herbert Bank in Alexandria, VA seeks a Senior Commercial Underwriter to perform financial analysis and risk assessment on Commercial & Industrial and CRE transactions. The role requires independent judgment to evaluate loan requests and support risk management decisions.

The position requires five years of underwriting experience, strong financial analysis skills, and familiarity with industry tools like CoStar and Vertical IQ. Travel may be required; on-site work in Alexandria, VA.

Qualifications

• Bachelor’s degree in Finance or Accounting preferred.
• Minimum five years of experience in commercial underwriting/analysis.
• Strong knowledge of financial statement analysis and credit risk assessment.

Responsibilities

• Prepare timely, high quality credit analysis and recommendations with risk factors.
• Analyze historical property operations and cash flows for informed decisions.
• Perform cash flow analysis for CRE and C&I transactions using templates.
• Assist with loan presentations for Executive/Board Committees.
• Monitor financial covenants and borrower performance.

Skills

Commercial underwriting

Financial statement analysis

Financial spreading

Credit risk management

Communication skills

Regulatory knowledge

Vertical IQ

Co-Star

Education

Bachelor’s degree in Finance or Accounting

Tools

Vertical IQ

Co-Star

Financial Spreading software

Job description

Company Description

Burke & Herbert Bank, established in 1852, is the oldest continuously operating bank in the Washington, D.C. region and has a longstanding tradition of serving individuals, families, and businesses. As a local community bank with more than 100 branches across Delaware, Kentucky, Maryland, Pennsylvania, Virginia, and West Virginia, the Bank offers a full range of business and personal financial solutions. The organization prides itself on being large enough to provide comprehensive services while remaining personal, friendly, and caring as a workplace and financial partner. Burke & Herbert Bank is focused on anticipating customer needs and delivering an enhanced banking experience. The Bank is a Member FDIC and an Equal Housing Lender.

The Senior Commercial Underwriter is a full-time, on-site position based in Alexandria, VA, Charleston, WV, Richmond, VA, or Moorefield, WV.

Role Description

The Senior Commercial Underwriter shall perform financial analysis and risk assessment on Commercial & Industrial and Commercial Real Estate transactions. This independent analysis function is designed to provide an in-depth evaluation of the strengths and weaknesses in commercial loan requests that will assist management in determining if the overall risk in a credit request is acceptable to the Bank. In addition, this position may be asked to apply their financial analysis skills to assist other areas of credit risk management.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Prepare timely, high quality credit analysis and recommendations that accurately describe the transaction along with risk and mitigating factors associated with the loan request.
• Prepare detailed analysis of historical property operations to make informed decisions about future performance.
• Utilize financial spreading software as well as other financial analysis tools to evaluate borrower’s cash flow and determine adequacy of the borrower’s primary and secondary repayment sources.
• For real estate transactions, in-depth understanding of property operating statements, leases, rent rolls, real estate schedules and the ability to perform detailed cash flow analysis using CRE templates. Ability to perform stress testing scenarios on construction projects and stabilized income producing real estate properties.
• For C&I transactions, ability to understand cash flow cycles, conduct sensitivity analysis, evaluate Borrower’s cash flow and its ability to provide adequate debt coverage for the proposed transactions as well as determine cushions of protections.
• Research and investigate applicable market data using industry related tools such as Co Star and Vertical IQ.
• Analyze third-party reports and appraisals. Determine and obtain missing files and/or missing documentation as needed to complete the assignment.
• Experience in analyzing and interpreting all levels of financial statement quality.
• Ability to analyze complex personal financial statements and personal tax returns of sponsors/guarantors as well as contingent debt.
• Assign risk rating based on risk rating metrics and Bank loan policy.
• Monitor and measure financial covenants as well as Borrower operating performance.
• Assist with preparation of loan presentations for Executive and Board Loan Committees.
• Perform routine annual reviews of relationships within loan portfolio.
• Assist with training & mentoring of commercial underwriting team members.
• Attend client meetings, as appropriate, to support underwriting request.

Other Duties

• Complies with all policies and procedures as applied to the Bank's BSA/AML policy.
• Perform other duties as assigned.

Skills/Abilities

• High level of commercial loan underwriting expertise.
• Extensive knowledge of spreading and analyzing financial statements.
• Thorough understanding of financial accounting.
• Knowledge of applicable local market.
• Ability to work well under pressure and meet designated deadlines.
• Full understanding of loan documentation and applicable regulatory requirements.
• Excellent verbal and written communication skills.
• Computer literate with proficiency in Microsoft Office applications.
• Excellent organizational skills.
• Strong analytical skills and attention to detail.
• Ability to work independently while meeting processing standards for quality and quantity.
• Experience with Financial Spreading software.
• Experience with industry related tools (Vertical IQ & Co-Star preferred).

Supervisory Responsibility

This position has no supervisory responsibilities.

This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face-to-face meetings, and on the computer.

Physical Demands

This position requires manual dexterity, the ability to lift files and opening cabinets. This position requires bending, stooping or standing as necessary.

Travel

Travel may be required for this position.

For Applicants located in Northern Virginia (VA):

The anticipated salary range for this position is $80,000–$130,000 annually.

For Applicants located in Richmond, Virginia (VA):

The anticipated salary range for this position is $70,000–$110,000 annually.

For Applicants from all other locations:

The salary will be based on experience, qualifications, and geographic location.

The ranges listed for Virginia and/or Maryland represent the good-faith compensation the Company reasonably expects to pay for the position at the time of posting. Actual compensation will be determined based on factors including, but not limited to, the candidate's skills, qualifications, experience, education, certifications, internal equity, and business needs. This position may also be eligible for additional compensation, such as bonuses or incentive pay, where applicable.

Education and Experience

• Bachelor’s degree (preferred Finance, Accounting, or equivalent industry experience).
• Formal Credit training or equivalent industry experience preferred.
• Minimum five years of experience in commercial underwriting/analysis role required.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.