Underwriter Associate

Job Summary:Underwriting Quality Specialist

Underwriting Quality Specialist are instrumental in driving forward the growth and ensuring the stability of the commercial lending division by taking part in the cultivation of new client connections, participating as a crucial component of the lending team, supervising existing client engagements, and overseeing credit risk management to verify the integrity of loans as valuable assets that are prudently structured to mitigate risks within the portfolio. They possess a deep understanding of the sectors and businesses catered to, advocate for compliance with the institution's loan guidelines, credit ethos, and long-term objectives and meticulously assess, approve, authorize, or provide recommendations regarding client applications for commercial loans, all the while efficiently managing a portfolio of commercial loans effectively.

Fundamental Tasks and Obligations:

• Review the monetary details of both existing and potential borrowers in order to evaluate their financial status and capability to fulfill repayment obligations, conduct periodic and yearly assessments, monitor adherence to contractual terms, and make revisions to loan agreements.
• Thoroughly examine all possible sources of credit and financial records, including reporting services, credit bureaus, and trade recommendations, while gaining insight into the market and field in which the consumer is involved.
• Review the collateral offered to secure a loan and interact with borrowers and financial advisors when necessary.
• Organize and showcase financial data, industry metrics, economic drivers, and market developments in mandated structures, evaluating relationships, fluctuations, and capital movement.
• Craft detailed and insightful credit reports that highlight potential hazards, repayment channels, variations from standard procedures, and assessments of collateral value.
• To provide guidance on risk appetite, policy compliance, and exceptions, it is crucial to have a comprehensive understanding of credit culture and loan policies.
• Easily handle a wide range of loan categories, including intricate borrower situations, and collaborate with Commercial Bankers to finalize loan arrangements.
• Verify that loan contracts are comprehensive and correct as per authorizations to enable efficient completion and processing of loans.
• Oversee loan portfolios to ensure they comply with approved terms and meet the standards outlined in the loan documentation.
• Take proactive steps to recognize evolving trends and weaknesses to minimize risk, decrease credit exposure, and manage delinquency and potential losses more efficiently.
• Oversee borrower conformity to rules, repayment of debts, monitoring of contractual obligations, paperwork, and conduct routine assessments of borrowers.
• Employ delegated loan approval power wisely.
• Aid in the management of distressed loans within the Special Assets Department, including monitoring loan repayment strategies, non-earning assets, and minimizing financial losses.
• Keep abreast of market conditions, industry trends, regulatory directives, and analytical methodologies.
• Exhibit robust capabilities in time management and organizing activities efficiently.
• Offer assistance to other Underwriters to help them manage their workflow requirements.
• Abide by the regulations set forth by Seacoast Bank in its Code of Conduct.

Education and Experience:

• Preferably, applicants should hold a Bachelor's degree (BS or BA) or higher from a four-year accredited university with a specialization in finance, accounting, or business.
• Ten years of applicable experience in commercial credit assessment, commercial loan approval, loan organization, underwriting processes, financial analysis, and overseeing portfolios are necessary.
• Prior completion of formal commercial credit training is desirable.
• Having the skillset to cultivate and uphold strong analytical and risk mitigation skills during the execution of challenging transactions.
• Skill in employing prudent judgment when considering credit approvals, loan arrangements, and suggestions for managerial decisions.
• Knowledge of different industries and categories of business properties.
• Utilizing expertise to analyze the economic and market conditions that are applicable to designated markets or areas of business.
• Skilled in examining collateral and conducting thorough assessments of its valuation.
• Comprehension of commercial loan policies, practices, and functionalities such as loan origination, underwriting, documentation, and analyzing credit risks.

Equal Opportunity Employer:

To learn more, individuals are encouraged to refer to the Know Your Rights notification provided by the Department of Labor.

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