Business Lending Underwriter

We are looking for friendly, service driven individuals to join ourteam of Rock Stars!

The essence of Nymeo’s identity has been captured in our Core Values:

• Personalized member service, education and rapport
• People helping people
• Outstanding products, services and delivery
• Professional and personal wellbeing of each team member

Voted the 11th Best Credit Union to work for in the nation and Frederick News Post Best of the Best Credit Union for the 9th time,Nymeo prides itself on providing a positive and fulfilling work environment focused on the credit union principle of people helping people.

The Business Lending Underwriter is responsible for providing independent credit analysis and underwriting support for business-purpose lending transactions. This position evaluates the financial condition, creditworthiness, repayment capacity, collateral,guarantor strength, and overall risk associated with business borrowers and loan requests. The Business Lending Underwriter works closely with the lending origination team and lending management toensure complete, accurate, consistent, and well-supported credit decisions.

• Independently underwrite business-purpose loan requests in accordance with established lending policies, guidelines,procedures, and applicable regulatory requirements.
• Review loan packages submitted by Loan Officers for completeness,accuracy, consistency, and appropriate supporting documentation.
• Analyze business and personal financial information, including financial statements, tax returns, credit reports, debt schedules,bank statements, and other relevant documentation.
• Evaluate business and global repayment capacity, including cashflow, Debt Service Coverage Ratio (DSCR), global debt-to-income,liquidity, leverage, working capital, existing debt obligations, andother relevant financial measures.
• Evaluate the borrower’s credit history, business performance,financial condition, management and guarantor strength, existing relationship and exposure, and other factors relevant to the overall credit risk.
• Analyze collateral and guarantor support, including collateral value, loan-to-value, lien position, guarantees, and other applicable credit enhancements.
• Evaluate proposed loan structure, amount, pricing, repayment terms, collateral, covenants, conditions, and other risk mitigantsto ensure the request is appropriately structured for the identified risk.
• Identify and document credit strengths, weaknesses, risks,mitigating factors, and applicable policy exceptions.
• Prepare clear, concise, and well-supported credit memoranda and recommendations for review and approval by the appropriate lending authority.
• Conduct clear-to-close reviews to ensure approved loan terms and conditions are satisfied and that the final loan structure remains consistent with the approved credit decision.
• Assist with conducting annual and periodic reviews of existing business lending relationships in accordance with established requirements and recommend appropriate monitoring, conditions, orother action when warranted.
• Assist with the preparation for and response to internal audits,regulatory examinations, quality control reviews, and other reviewsof business lending activity.
• Maintain current knowledge of applicable lending policies,procedures, regulations, and credit union requirements.
• Protect the confidentiality and security of member and creditunion information and comply with established security standards.
• Complete required annual training and maintain knowledge ofapplicable BSA/AML, USA PATRIOT Act, CIP, OFAC, and other regulatory requirements.

1. Strong knowledge of business lending and credit underwriting principles, particularly for established small business…