Underwriter I / Portfolio Manager

First National Bank of Williamson; Covington (KY); On-site; USD 75,000 - 110,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401(k) plan

Paid time off

Holiday schedule

Job summary

First National Bank (FNB) in Covington, KY seeks a Credit Underwriter to underwrite routine commercial credits (C&I and CRE), analyze financial performance, prepare credit memos, and work with lenders.

Responsibilities include evaluating borrower creditworthiness, collecting financials, and recommending loan structures. Requires Bachelor's degree and 2+ years experience; proficient with Excel and credit systems. Travel occasional; evenings/weekends as needed.

Qualifications

• Bachelor's degree in finance, accounting, business, economics, or related field preferred; equivalent experience considered.
• Two or more years of relevant commercial credit, lending, accounting, audit, or finance experience preferred.
• Ability to analyze routine commercial credits, write clear recommendations, use Excel and credit systems, and apply Bank policy.

Responsibilities

• Underwrite and independently analyze new loans, renewals, modifications, and extensions within size, risk, and complexity limits.
• Evaluate borrower creditworthiness, repayment sources, management experience, industry risks, guarantor support, and related-party exposure.
• Collect, spread, and analyze financial statements, tax returns, cash flow, DSCR, leverage, liquidity, trends, collateral, and repayment sources.
• Prepare credit memoranda and recommend loan structure, covenants, risk ratings, and mitigants for risks and policy exceptions.

Skills

Credit analysis

Excel proficiency

Policy compliance

Education

Bachelor's degree in finance, accounting, business, economics, or related field

Tools

Excel

Credit systems

Job description

Position Summary

Underwrites routine commercial (C&I and CRE) credits and monitors the ongoing quality of assigned commercial relationships. Analyzes financial performance and credit risk, prepares clear credit recommendations, and works with lenders and management to identify and address emerging portfolio concerns. Complex or higher-risk credits receive senior review.

Minimum Qualifications

• Bachelor's degree in finance, accounting, business, economics, or related field preferred; equivalent experience considered.
• Two or more years of relevant commercial credit, lending, accounting, audit, or finance experience preferred.
• Ability to independently analyze routine commercial credits, write clear recommendations, use Excel and credit systems, and apply Bank policy with sound judgment and discretion.

Key Responsibilities

CREDIT UNDERWRITING

• Underwrite and independently analyze new loans, renewals, modifications, and extensions within assigned size, risk, and complexity limits.
• Evaluate borrower creditworthiness, primary and secondary repayment sources, management experience, industry risks, guarantor support, and related-party exposure.
• Collect, spread, and analyze borrower/guarantor financials, tax returns, global cash flow, DSCR, leverage, liquidity, trends, collateral, and repayment sources.
• Prepare credit memoranda and recommend loan structure, covenants, risk ratings, and appropriate mitigants for identified risks and policy exceptions.

CREDIT ADMINISTRATION & AUTHORITY

• Coordinate with lenders, Loan Operations, and Credit Administration to support timely credit decisions, accurate documentation, and compliance with Bank policies.
• Maintain complete credit files and elevate material credit concerns. No independent loan approval, final risk-rating, or policy-exception authority unless specifically delegated

PORTFOLIO MANAGEMENT

• Complete assigned annual and interim credit reviews; monitor borrower performance, repayment trends, and emerging credit weaknesses.
• Monitor upcoming loan maturities, renewals, and modifications, coordinating with lenders to ensure timely review and appropriate credit decisions
• Track financial reporting, covenants, borrowing bases, collateral coverage, documentation exceptions, and upcoming maturities; coordinate follow-up with lenders and support staff.
• Reassess and recommend risk-rating changes; promptly elevate covenant breaches, adverse trends, and material credit concerns.
• Assist with criticized/classified loan monitoring, action-plan follow-up, portfolio concentrations, management reporting, and external loan-review responses.

Competencies

• Strong accounting aptitude with exceptional attention to detail and accuracy.
• Analytical and problem-solving skills with the ability to research and resolve financial discrepancies.
• Strong organizational skills and ability to meet recurring daily, monthly, quarterly, and annual deadlines.
• Ability to understand how individual transactions affect the general ledger and overall financial statements.
• Dependable, self-motivated, and capable of working independently while collaborating effectively across departments.
• Strong commitment to internal controls, confidentiality, and the integrity of the bank’s financial records.
• Ability to adapt as the bank grows and take on increasingly complex accounting and financial responsibilities.

General Requirements

• Must be able to lift and carry up to 10 pounds.
• Some travel to branch or offsite locations may be required.
• Ability to sit, stand, and operate a computer for extended periods of time.
• Must comply with all bank policies, procedures, and regulatory requirements.
• Maintain a professional appearance and demeanor.
• Demonstrate confidentiality, integrity, and sound judgment in all interactions.
• Must be able to work evenings and weekends as business needs dictate.

COMPANY OVERVIEW

At First National Bank (FNB), we're more than just a place to work—we're a locally-owned community bank deeply invested in the success of our neighbors. Headquartered in Williamson, WV, we blend the tradition of a Hometown Community Bank with the convenience of modern services to help our clients take control of their finances. If you're passionate about making a real impact, we invite you to build your career with us.

BENEFIT PROGRAM

• Featured benefits for full-time team members include:
• Health, dental, and vision insurance
• Life and disability insurance
• Critical illness, accident, and hospital indemnity insurance
• Pet insurance and pet discount program
• 401(k) plan
• Generous paid time off policy
• Generous holiday schedule

Equal Opportunity Employment

We provide equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, the organizations comply with applicable state and local laws governing nondiscrimination in employment in every location in which it has operations. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, and compensation.