Underwriting Specialist

Underwriting Specialist

Job Summary:

Underwriting Specialists play an essential role in bolstering revenue growth and maintaining asset quality within the commercial lending domain by engaging in tasks such as nurturing new client relationships, playing a key role in lending partnerships, overseeing existing client accounts, and managing credit risk to ensure that loans are quality assets structured to mitigate portfolio risks effectively. Their comprehensive understanding of the businesses and industries they cater to enables them to champion the adoption of the bank's loan policies, credit culture, and strategic visions, while they assess, evaluate, recommend approval of, or authorize customer applications for commercial loans and proficiently manage a commercial loan portfolio.

Underwriting Specialists apply keen analytical abilities, a profound understanding of corporate finance principles, and vast industry knowledge to suggest and deliver solutions that meet the requirements of customers.

Fundamental Responsibilities and Duties Needed:

• Analyze the financial data of existing and potential borrowers to evaluate their financial health and repayment ability, perform regular and annual reviews, verify compliance with agreed conditions, and make adjustments to loan terms when necessary.
• Examine all accessible credit and financial information sources, such as reporting services, credit bureaus, and trade contacts, while having a solid understanding of the market and industry in which the client is active.
• Assess the assets pledged as security for a loan and engage with borrowers and financial consultants when needed.
• Assemble and illustrate financial insights, industry trends, economic influencers, and market fluctuations in prescribed styles, examining ratios, patterns, and cash movements.
• Draft accurate and insightful credit documentation detailing risks, repayment sources, policy deviations, and evaluations of collateral worth.
• Offering guidance on risk appetite, policy adherence, and exceptions requires a solid understanding of credit culture and loan policy.
• Skilled at navigating different loan types, particularly those involving challenging borrowers, and adept at structuring loans in collaboration with Commercial Bankers.
• Validate that loan contracts are comprehensive and accurate as per approvals to support the timely closure and disbursement of loans.
• Monitor loan portfolios to verify they conform to agreed-upon terms and comply with the stipulations in the loan documentation.
• Efficiently identify developing trends and weaknesses to minimize risk exposure, reduce credit risk, and address delinquency and potential loss.
• Monitor borrower adherence to rules, loan repayments, tracking of covenants, paperwork, and carry out scheduled borrower reviews.
• Exercise prudent judgment when utilizing delegated lending authority.
• Help facilitate the management of difficult loans in the Special Assets Department, including monitoring repayment arrangements, non-performing loans, and minimizing write-off occurrences.
• Remain informed about market conditions, industry trends, regulatory recommendations, and analytical methodologies.
• Showcase excellence in time management and task organization.
• Support coworkers in the Underwriting team to manage their workload effectively.
• Observe and respect the expectations detailed in Seacoast Bank's Code of Conduct.

Education and Experience:

• A four-year accredited college degree in finance, accounting, or business (BS or BA) or above is desired for this position.
• The position mandates a background of at least ten years in commercial credit analysis, commercial lending, loan structuring, underwriting, financial operations, and portfolio oversight, or an equivalent mix of experience, training, military service, or educational qualifications.
• Having completed formal commercial credit training is advantageous.
• Proficiency in honing and preserving strong analytical and risk evaluation skills in the execution of intricate transactions.
• Aptitude for exercising sound judgment in the assessment of credit approvals, loan structures, and managerial directives.
• Understanding various business sectors and types of commercial properties.
• Applying knowledge to assess economic and market conditions that impact designated markets or business lines.
• Competence in examining collateral and determining its valuation based on comprehensive analysis.
• Knowledge of commercial lending standards, processes, and functions encompassing loan initiation, risk assessment, documentation, and credit risk analysis.

Equal Opportunity Employer:

All applicants must be apprised of their privileges in alignment with federal employment protocols by the employer.

Apply Now