Commercial Loan Credit Underwriter

Commercial Loan Credit Underwriter

At Southwest Heritage Bank, we are dedicated to the financial well-being of our entire community—from small to medium-sized businesses to the families and individuals who call this region home. We provide comprehensive banking solutions, from essential online banking and bill pay to specialized services, all delivered by local experts. Whether you're expanding operations, acquiring equipment, or financing a new building, our experienced banking officers are dedicated to helping you achieve your financial goals.

We are committed to consistently delivering responsive, tailored, and expert banking services through local leadership.

Southwest Heritage Bank combines the long tradition of Bank 34 and Commerce Bank of Arizona, bringing over 90 years of dedicated service to Arizona and New Mexico. We believe a strong local bank is the foundation of a strong community, and our success is measured by the success of the communities we serve. By reinvesting locally and providing custom financial solutions, we continue our legacy of building relationships and supporting the people and businesses who are rooted in this region.

We have created a culture built on trust, collaboration, and genuine care for our employees. Our people consistently recognize our supportive leadership, open communication, generous benefits, and the strong sense of camaraderie that makes our bank a rewarding place to work. Employees value having accessible leaders who listen, opportunities for internal career growth, and an environment that welcomes diverse perspectives and empowers individuals to make meaningful contributions.

The position of the Commercial Loan Credit Underwriter is responsible for providing financial analysis of customers and prospects for loan requests and ongoing credit monitoring utilizing Bank's proprietary systems including spreading programs and Excel spreadsheets. The Commercial Loan Credit Underwriter will assist Lenders and Portfolio Managers in identifying historical earnings trends and ratios, borrowing needs, sources of repayment and collateral sufficiency.

The Commercial Loan Credit Underwriter will work with Lenders and provide financial spreads as needed for existing portfolio management and new loan opportunities. They may also assist in the preparation of credit presentations in coordination with Lenders, Senior Portfolio Managers, Portfolio Managers, Senior Credit Administrator and Credit Administrator. The Commercial Loan Credit Underwriter will engage in routine monitoring of the credit portfolio by testing loan covenants, performing borrowing base reconciliations, and ensuring financial documents are filed appropriately within the Bank's systems and updated in accordance with the borrower's Loan Agreements.

This position shall also perform Annual Reviews as warranted in conjunction with Lenders/Portfolio managers, as well as underwriting of new loans and renewals as identified by Lenders, Senior Portfolio Managers, Portfolio Managers, Senior Credit Administrator and Credit Administrator.

The Commercial Loan Credit Underwriter must have a strong understanding of GAAP accounting and business and personal tax returns including balance sheets, income statements and statement of cash flows. Works independently and shows attention to detail and responds promptly to Lender/Portfolio Manager/customer needs for service and assistance. This position requires accuracy, thoroughness, monitoring of own work to ensure quality, following prescribed policies and procedures.

The Commercial Loan Credit Underwriter shall use time efficiently with the ability to prioritize and complete work in a timely manner.

• Gathers data from customers and prospects, internal and external sources, prepares spreadsheets and analyzes financial information including financial statements and tax returns and works with Lenders and Portfolio Managers and Senior Portfolio Managers to request additional information and clarification of data.
• Utilize Bank's preferred software programs(s) to prepare financial analysis, identifying trends, ratios, and compliance with existing loan covenants and Loan Agreements.
• Reconcile business GAAP and company-prepared financials to tax returns and prepare analysis of personal tax returns, personal financial statements and credit bureaus to determine guarantor cash flow.
• Responsible for monitoring covenants of customers within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreements. Assists Lenders Portfolio Managers, and Senior Portfolio Managers in documenting covenant violations and approval of covenant violation waivers (if requested).
• Other duties as assigned by Supervisor, Senior Credit Administrator and Chief Credit Officer.
• Underwrite loan requests as warranted with narrative explanation of primary, secondary, and tertiary sources of repayment, business background, industry and loan grade, as assigned.
• Prepare Global cash…