Credit Underwriter

Credit Underwriter

Job Summary:

Within the realm of commercial lending, Credit Underwriters are crucial in driving revenue growth and asset quality, as they engage in activities such as forging new client relationships, contributing as a vital part of the lending team, monitoring ongoing client relationships, and overseeing credit risk management procedures to guarantee that loans are solid assets structured in a manner that minimizes overall portfolio risk. By understanding the intricacies of the businesses and industries they serve, they advocate for adherence to the bank's loan policies, credit principles, and strategic initiatives while evaluating, authorizing, approving, or recommending client applications for commercial loans and competently managing a commercial loan portfolio.

Crucial Job Requirements and Obligations:

• Examine the financial information of current and potential clients to determine their financial viability and repayment capacity, conduct regular and annual assessments, check for adherence to agreed terms, and make modifications to loan agreements.
• Conduct a detailed review of all potential credit and financial information outlets, like reporting services, credit bureaus, and trade sources, while grasping the market and sector in which the customer operates.
• Appraise the security offered for a loan and communicate with borrowers and accounting experts as appropriate.
• Consolidate and disclose financial figures, industry analytics, economic forces, and market variations in essential formats, scrutinizing relationships, patterns, and capital circulation.
• Create thorough and insightful credit analyses that identify potential risks, repayment resources, policy discrepancies, and collateral assessments.
• Adequate knowledge of credit culture and loan policies is necessary to give advice on risk appetite, adherence to policies, and exceptional situations.
• Proficient in managing all kinds of loans, even those involving complex borrowers, and adept at negotiating loan structures in partnership with Commercial Bankers.
• Confirm that loan agreements are thorough and exact in line with approvals to expedite the timely conclusion and funding of loans.
• Administer loan portfolios to ensure they align with approved terms and comply with loan documentation regulations.
• Be proactive in identifying emerging trends and weaknesses to minimize exposure, lower credit risk, and address delinquencies and losses proactively.
• Supervise borrower adherence, repayments, tracking of agreements, documentation, and perform periodic borrower evaluations.
• Utilize delegated lending privileges with discretion.
• Assist in the monitoring and management of troubled loans within the Special Assets Department, including developing repayment plans, addressing non-accruals, and minimizing charge-off exposure.
• Stay up to date on market conditions, industry trends, regulatory standards, and analytical approaches.
• Illustrate adept time management and organizational skills.
• Assist other Credit Underwriters with their workload to ensure tasks are completed efficiently.
• Adhere to the principles and rules articulated in Seacoast Bank's Code of Conduct.

Education and Experience:

• Candidates with a Bachelor's degree (BS or BA) or above from a four-year accredited institution with a concentration in finance, accounting, or business are encouraged to apply.
• An individual must have at least a decade of practical experience in commercial credit evaluation, commercial lending practices, loan structuring techniques, underwriting procedures, financial comprehension, and portfolio administration.
• Candidates with formal instruction in commercial credit are preferred.
• Skillful in developing and maintaining effective analytical and risk management abilities while navigating through complex transactions.
• Capacity to apply logical reasoning to assess credit approvals, loan structures, and recommendations for managerial actions.
• Familiarity with diverse industries and types of commercial real estate.
• Using experience to gauge the economic and market circumstances that are pertinent to specified markets or lines of business.
• Experience in evaluating collateral and assessing its value through detailed analysis.
• Acquaintance with commercial loan regulations, techniques, and tasks like loan initiation, underwriting, paperwork, and credit risk appraisal.

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