Retail Underwriter

Position Overview

The Retail Underwriter is responsible for analyzing and monitoring the creditworthiness of assigned commercial accounts and recommending and approving credit within established guidelines and policies.

• Execute complete cycle for credit underwriting process for consumer loans
• Ensure regulatory compliance across consumer banking
• Identify and document key risks and control indicators
• Complete a full analysis of consumer credit reports, income sources, and other supplemental documentation while serving as a subject matter expert (SME) for any inquiries on creditworthiness and loan decisions
• Execute accurate calculations for retail lending ratios
• Review loan files and documents required before closing
• Adhere to Vibrant's underwriting matrix and risk philosophy and identify and track any exceptions to the matrix and/or policy
• Leverage loan origination system for additional data to assist in providing decisions to applicant
• Provides recommendations on product and program enhancements by serving as SME
• Review underwriting standards and documentation requirements for potential third party partners.
• Update, manage, and complete administrative duties within all loan management portals
• Review and complete timely reporting of covenants and other requirements for consumer loan tracking and monitoring
• Ensures the completion and documentation of periodic loan reviews and can facilitate and monitor external loan review channels
• Monthly review for select third party loan programs
• Daily review for select third party loan programs

• Four-year degree or at a minimum three years of proven experience in underwriting
• Working knowledge of lending policies, regulations, and compliance
• Working knowledge of spreading, analyzing, and interpreting various financial and credit documents accurately
• Working knowledge of tax returns and financials
• Working knowledge of retail loan origination systems

Commercial Credit Manager

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines. The daily responsibilities of this position constantly require effective talking, hearing, walking, finger dexterity, reaching, stooping, and grasping functions. The position also often requires reaching and lifting (up to 25 pounds). Frequent sitting, standing, and repetitive motion activities are also required.

Must be able to read print and computer-based materials and to do so with consistent accuracy. Most of these functions require light physical exertion and are conducted indoors at controlled degrees of temperature.

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.