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 III is responsible for spreading complex financial statements in accordance with Bank standards, while preparing Credit Offering Memorandums on complex borrowers in cooperation with Commercial Lenders for Bank approval. It is the responsibility of an Underwriter III to manage personal workload of complex borrowing relationships within short, prescribed timelines with minimal assistance from a Senior Underwriter/Manager. Making recommendations to Commercial Lenders regarding appropriate risk ratings as well as accurately addressing loan policy exceptions, structural weaknesses, appraisal exceptions, environmental waivers and loan coding are important duties of the position.

A Credit Underwriter III is also responsible for providing guidance and on‑the‑job training to Credit Underwriter I’s and II’s.

• Maintain extensive knowledge of and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls and meet all job‑specific training requirements in a timely fashion.
• Produce a high volume of loan requests with the ability to work independently and complete duties within short time frames, with little or no oversight from a Supervisor/Manager.
• Prepare financial spreadsheets on complex relationships for existing or potential borrowers using accountant‑prepared and company‑prepared financial statements and tax returns.
• Prepare Credit Offering Memorandums on complex borrowers which includes the description of the credit request and all associated structural components, detail of the borrower’s existing banking relationship (loans, deposits, cash management, RDC, etc.), financial statement analysis, corporate historical/projected and personal financial statement and cash‑flow analysis, detailed collateral evaluation and OCC stress testing on commercial real‑estate projects, accurate identification of loan policy exceptions, regulatory structural weaknesses, loan coding and assessment of appropriate risk rating.
• Accompany Commercial Lenders on customer informational calls for complex relationships.
• Provide basic on‑the‑job training and guidance to Credit Underwriter I’s and II’s.
• Maintain the ability to quickly and accurately assess borrowing needs/causes, proper loan structure, well‑developed and accurate credit analysis techniques, knowledge of industry‑related issues, risk rating recommendations and a thorough understanding of loan policy and structural weaknesses.
• Advise Commercial Lenders of appraisal and environmental requirements that must be approved prior to the loan proposal’s submission for approval.

• As an integral member of the Credit Administration Department, this position is also responsible for providing assistance wherever necessary to help the Credit Administration Department and the Bank achieve their annual goals.

B.S. or B.A. degree in a business‑related field of study (finance, management, economics, or accounting) with at least 6 credits in accounting; specialized financial analysis…