Commercial Underwriting Manager

2 days ago Be among the first 25 applicants

Get AI-powered advice on this job and more exclusive features.

The Underwriting Manager (UM) will be responsible for managing multiple credit underwriting activities including the supervision of the Bank's commercial analyst team. The UM will be primarily responsible for the timely and accurate production of credit underwriting while simultaneously serving as a leader who provides ongoing training and coaching to the greater team. Implementation of and adherence to all loan policies and procedures is firmly expected, as accuracy and thoroughness of underwriting is paramount.

Must demonstrate a strong understanding of financial analysis and must have experience using multiple underwriting methodologies for all applicable loan types. Works collaboratively and cooperatively with Credit Administration to continually monitor the underwriting practices of the group and identify areas of opportunity to strengthen or modify existing practices if needed to maintain a high standard of quality. Serves as a producing member of the analyst team, responsible for completing typical underwriting assignments which may include completing full credit presentations, financial spreads, portfolio management activities (i.e. Term Loan Reviews), and more.

May be more heavily involved in those assignments that are more complex in nature. Due to the cross functional aspects of this position, the UM will directly report to Credit Administration but will be closely tied to the activities of Commercial Lending and will have routine communication with the Chief Lending Officer and other members of the Commercial Lending Team.

• Serve as the supervisor and primary leader/trainer for the commercial underwriting team.
• Actively monitor workflow of the team and provide coordination of assignments to efficiently produce deliverables for the commercial lending team and other stakeholders.
• Coordinate existing and anticipated workflow with commercial lending team through active communication and shared reporting.
• Ensure all current or anticipated training needs are met, providing direct coaching or support from outside resources; continuously monitor the effectiveness and accuracy of the underwriting team's work compared to both internal and external expectations of quality.
• Monitor performance metrics of underwriting team (turn time, accuracy, volume, etc.) and provide ongoing reporting to all stakeholders; use this data to identify areas for possible improvement, balance expectations amongst stakeholders, and drive overall business strategy for the team.
• Conduct annual employee reviews, provide constructive feedback, set goals, and recognize achievements.
• Maintain a thorough understanding of credit policy and lending procedures, sufficient to be a subject matter expert for their direct reports and other bank partners.
• As a producing manager, prepare credit authorizations of the highest quality with limited revisions; ensure similar accuracy underwriting products by completing a comprehensive review of all analysis done by the team; work with Credit Administration to determine accuracy/quality metrics that are most appropriate.
• Ensure timely completion of underwriting requests completed by the team; establish a general framework for processing times of each request type (spreads only, term loan review, full underwriting, etc.) that is mutually agreeable to all stakeholders; performance to these expectations will be a primary measurement of the UM's effectiveness.

• Must comply with all company policies and procedures and all applicable laws and regulations, including but not limited to the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control; maintain strict confidentiality of customer’s personal and financial information.
• Develop and improve skills through training programs and regular feedback discussions with supervisors which help further professional development; participate in all training sessions and complete all assigned OnCourse training courses and achieve a passing score by due date.
• Adhere to First…