Underwriter, Finance & Banking

Overview

At Community Financial System, Inc. (CFSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer commercial banking, wealth management, investment management, insurance and risk management, and benefit plan administration.

Just as our employees are committed to helping our customers manage their finances, we’re committed to our employees. After all, they make it happen for our customers every day.

To ensure our people can enjoy long and successful careers here at CFSI, we offer competitive compensation, great benefits, and professional development and advancement opportunities. As an equal‑opportunity workplace and affirmative‑action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.

A Credit Underwriter 2 is responsible for spreading mid to complex financial statements in compliance with Bank standards; preparing Credit Offering Memorandums on mid to complex borrowers in concert with Commercial Lenders for consideration of commercial loan approval; compilation of the borrower’s total bank relationship; managing personal workload to ensure completion of assignments within prescribed timelines, making recommendations to Commercial Lenders as to appropriate risk ratings and address of loan policy exceptions, structural weaknesses, appraisal exceptions and environmental waivers;

preparing semi‑annual reports on trends within industries in which the bank may have potential credit concentrations; and providing guidance and on‑the‑job training to Credit Underwriter 1s.

• Prepares financial spreadsheets on existing or potential borrowers using accountant‑prepared or company‑prepared financial statements, tax returns, budgets and/or projections.
• Gathers all additional credit information, environmental reports, etc. as required by the structure of the credit request.
• Prepares Credit Offering Memorandums on mid to complex borrowers, which includes a description of the credit request and all associated structural components; a detail of the borrower’s Bank relationship (loans, deposits, cash management, RDC, etc.); corporate historical / projected and personal financial statement and cash flow analysis; detailed collateral evaluation and OCC stress testing on commercial real estate projects; identification of loan policy exceptions and regulatory structural weaknesses;
  
  and assessment of appropriate risk rating.
• Makes recommendations to commercial Lender as to appropriate risk rating and/or changes to the structural elements of the borrower’s loan request to eliminate loan policy exceptions or regulatory structural weaknesses.
• Advises the Commercial Lender of appraisal or environmental requirements that must be approved by the Chief Credit Administrator prior to the loan proposal’s submission for approval.
• Accompanies Commercial Lenders on customer informational calls, as requested.
• Coordinates the completion of credit assignments with Commercial Lenders and Credit Supervisors/Managers to ensure customer needs are being addressed in a timely manner.
• Provides basic on‑the‑job training and technical guidance to Credit Underwriter 1s.
• As an integral member of the Credit Administration Department, this position is also responsible to provide assistance wherever necessary to help the Credit Administration Department and the Bank in achieving their annual goals.
• Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to policies, procedures, and internal controls, and meet all training requirements in a timely manner.

• B.S. or B.A. degree in a business related field of study (finance, management, economics, accounting) with at least 6 credits in accounting.
• Specialized financial analysis training.
• Proficient reading, writing, grammar, and mathematics…