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About the Role
The Commercial Underwriter analyzes commercial business, real estate, agriculture, and SBA 504 loan requests. This role involves analyzing financial information, recommending loan actions, and approving loan requests within assigned authority. The underwriter also assists sales staff, prepares loans for legal documentation, and monitors renewals, reporting, compliance, and delinquencies.
Responsibilities
- Analyzes commercial loan applications to determine eligibility and provides prompt turnaround time.
- Confers with Relationship Managers to determine client needs and discuss options for borrowers.
- Requests additional information needed to complete processing and attends client meetings to provide credit expertise.
- Approves or declines commercial loan requests within assigned limits.
- Recommends credit approval requirements, including financial performance covenants, monitoring requirements, and other loan provisions.
- Ensures accurate grading of new and existing credits based on analysis.
- Coordinates the credit approval process, evaluates repayment, and mitigates risk.
- Analyzes key factors such as industry, management, and economic trends.
- Provides assistance and exceptional sales support to sales staff regarding commercial loans.
- Assures customer loan requests are processed accurately and timely.
- Coordinates with appraisal departments and escrow companies for secured loan products.
- Orders business credit reports and personal credit reports on business principals.
- Coordinates compliance, decline letter preparation, and maintenance of adverse action database.
- Maintains a log of maturing lines and coordinates renewal process to ensure necessary information is received prior to line maturity.
- Monitors past due loans for assigned portfolio(s) and recommends action or contacts customers directly.
- Maintains a log of pending action or resolution for past due loans.
- Assists Relationship Managers in the preparation of Interim Credit Reports and Real Estate Update Memos.
- Maintains a current understanding of Bank underwriting guidelines, procedures, policies, and compliance issues.
- Maintains a working knowledge of regulatory requirements for documentation and regulations relating to commercial lending.
- Maintains a current understanding of Bank policies and procedures in compliance with all federal and state laws.
- Inputs application and financial information.
- Performs Commercial Credit Officer duties in their absence as needed.
- Performs other work-related duties as assigned.
- Orders the preparation of loan documentation and reviews for completion.
- May provide formal or informal training and support to colleagues regarding credit fundamentals, policy, and underwriting techniques.
- Assists Commercial Loan Supervisor in the development and completion of special projects, spreadsheets, graphs, and reports.
Requirements
- High school diploma or GED required.
- Established knowledge of financial accounting theory and logic, loan structuring, commercial products and services.
- A proven ability to interpret and discuss analytical data and make credit recommendations to Senior Management and/or Risk Management on strategic issues or initiatives.
- Excellent organizational skills with efficient work demeanor that allows involvement in multiple areas.
- Ability to utilize personal computers, and Windows-driven programs, with an emphasis on the Microsoft Office suite of applications, specifically Word and Excel.
- Ability to complete a high volume of work efficiently and with accuracy.
- Excellent verbal and written communication skills.
- Three years’ experience in a small business/commercial lending environment.
- Five years of proven experience in a small business/commercial lending environment (for Underwriter II).
- Substantial experience in small business/commercial lending and credit analysis (for Underwriter II).
- Thorough understanding of commercial financial statements and ability to communicate with commercial business owners (for Underwriter II).
- Ability to analyze financial information, prepare cash flow and ratio analysis (for Underwriter II).
- Experience in loan recommendations and provide a concise loan write up (for Underwriter II).
- Experience in statistical portfolio management (for Underwriter II).
- Ability to supervise in manager’s absence (for Underwriter II).
- Possess leadership abilities in a team environment and provide project leadership (for Underwriter II).
- Serves as a product specialist and a technical consultant to branches and sales staff (for Underwriter II).
- Provides guidance to the Commercial Underwriter I when appropriate (for Underwriter II).
- Recommends appropriate loan structure when presented with loans for approval (for Underwriter II).
- Assists the Commercial Loan Supervisor in identifying training needs for staff within the department (for Underwriter II).
- Demonstrated ability to interpret and underwrite the most complex commercial credits in the Bank with minimal guidance or oversight (for Underwriter III).
- Seven years of experience (for Underwriter III).
- Subject matter expert across a broad range of credit topics including financial statements and cash flow analysis, the regional commercial real estate market, and working capital finance (for Underwriter III).
- Track record of appropriately utilizing credit approval authority to make sound credit recommendations on complex commercial credits (for Underwriter III).
- Will serve as team leader for respective regional commercial underwriting group and in various departmental and bank wide projects (for Underwriter III).
- Must have ability to train and mentor junior credit personnel (for Underwriter III).
- Expert user of Bank systems, software, and third-party vendor platforms (for Underwriter III).
- Ability to perform primary relationship management or credit administrator functions (for Underwriter III).
Skills
- Microsoft Office suite
- Word
- Excel
- Financial accounting theory and logic
- Loan structuring
- Commercial products and services
- Analytical data interpretation
- Credit recommendations
- Organizational skills
- Efficient work demeanor
- Personal computers
- Windows-driven programs
- Verbal communication
- Written communication
- Financial statement analysis
- Cash flow analysis
- Ratio analysis
- Statistical portfolio management
- Leadership
- Team environment
- Project leadership
- Product specialist
- Technical consultant
- Credit fundamentals
- Underwriting techniques
- Underwriting guidelines
- Bank policies and procedures
- Regulatory requirements
- Bank Secrecy Act (SARs, CIP, OFAC)
- Information Security (GLBA)
- Identity Theft Red Flags
- Financial Elder Abuse Reporting
- Commercial real estate market analysis
- Working capital finance
- Bank systems
- Software
- Third-party vendor platforms
Location
- San Rafael
- San Francisco
- Walnut Creek
Work Type
- Hybrid
- Two days in office
Experience Level
- Three years’ experience in a small business/commercial lending environment
- Five years of proven experience in a small business/commercial lending environment
- Seven years of experience
Education Level
- High school diploma or GED
- Undergraduate degree in Finance, Business Administration or Accounting, or related work experience preferred
Salary/Compensations
- $103,000 to $145,000 annual salary
- Incentive opportunities
Benefits
- Fantastic, comprehensive benefits
About the Company
- Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California with corporate offices in Roseville, South San Francisco, and Bakersfield, with assets of nearly $10 billion and 50 years of financial stability.
- Tri Counties Bank is dedicated to providing exceptional service for individuals and businesses throughout California with more than 75 locations, advanced mobile and online banking, and access to approximately 40,000 surcharge-free ATMs nationwide.
- As California's Local Bank, Tri Counties Bank prioritizes serving clients with local bankers and local decision-making, backed by corporate philanthropy, community engagement, employee volunteerism and investments.
- Recognized by various publications as among the Top Workplaces and Best Banks, Tri Counties Bank recruits and retains diverse and talented team members.
Equal Opportunity
- Tri Counties Bank is an Affirmative Action and Equal Opportunity Employer, Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Age/Disability/Veteran.