Underwriting Quality Specialist

Underwriting Quality Specialist

Job Summary:

Commercial underwriters play a crucial role in fostering the financial well-being of the commercial lending sector, engaging in activities that facilitate the expansion of revenue streams and maintenance of high-quality assets. They actively contribute to the establishment of new client relationships, collaborate within lending partnerships, oversee current client accounts, and oversee credit risk management processes to guarantee that loans represent sound investments and are structured to minimize overall portfolio risk. Their expertise extends to comprehending the specific characteristics of the businesses and industries they serve, advocating for the adherence to the bank's loan policies and credit principles, and supporting strategic endeavors while analyzing and authorizing customer loan applications and effectively handling a portfolio of commercial loans.

Primary Roles and Responsibilities:

• Evaluate the financial data of current and potential clients to determine the financial health and ability to repay loans, conduct regular assessments, check for compliance with agreements, and make adjustments to loan terms.
• Explore all accessible sources of credit and financial data, such as reporting agencies, credit bureaus, and trade referrals, while comprehending the market and sector in which the client functions.
• Evaluate the assets provided as security for a loan and engage with borrowers and financial professionals as required.
• Compile and deliver financial data, industry statistics, economic impacts, and market dynamics in specified layouts, assessing proportions, patterns, and liquidity.
• Develop precise and perceptive credit memos that outline potential risks, repayment sources, deviations from policy, and assessments of collateral.
• Have a deep comprehension of credit culture and loan policies to offer advice on risk tolerance, adherence to policies, and handling exceptions.
• Manage various types of loans, including challenging borrowers, with little supervision and craft loan terms with Commercial Bankers.
• Ensure that loan agreements are thorough and precise in accordance with approvals to facilitate prompt closure and disbursement of loans.
• Supervise loan portfolios to guarantee alignment with agreed terms and adherence to loan documentation requirements.
• Identify emerging patterns and vulnerabilities in advance to limit risk exposure, lessen credit risk, and address delinquency and financial loss effectively.
• Supervise adherence of borrowers to regulations, repayment of loans, monitoring of agreements, paperwork, and perform regular evaluations of borrowers.
• Exercise prudent use of authorized lending capabilities.
• Provide support to the Special Assets Department in overseeing troubled loans, monitoring repayment schedules, nonperforming assets, and reducing charge-off risks.
• Stay updated on market conditions, industry trends, regulatory guidelines, and analytical methods.
• Show proficiency in effectively managing time and organizing tasks.
• Provide support to fellow Underwriters as necessary to handle fluctuations in workload.
• Follow the guidelines outlined in Seacoast Bank's Code of Conduct.

Education and Experience:

• A Bachelor's degree (BS or BA) or above from a four-year accredited college with a focus on finance, accounting, or business is preferred.
• A minimum of a decade of pertinent experience in evaluating commercial credit, commercial borrowing, structuring loans, underwriting, financial analysis, and managing portfolios is required.
• Preference is given to candidates with formal training in commercial credit.
• Possess the capacity to nurture and maintain robust analytical and risk assessment capabilities when carrying out intricate deals.
• Capability to utilize rational decision-making in evaluating credit authorizations, loan frameworks, and guidance for management.
• Understanding various sectors and types of commercial real estate.
• Assessing the economic and market factors that pertain to specific markets or business sectors based on prior experience.
• Proficiency in assessing collateral and evaluating its value through practical experience.
• Understanding of commercial lending guidelines, processes, and functions encompassing loan initiation, risk assessment, paperwork, and credit evaluation.

Equal Opportunity Employer:

The employer must inform all candidates about their entitlements under federal labor regulations as mandated.

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