Commercial Credit Underwriter II

Company Description

STCU is consistently rated one of the top-performing credit unions in the nation, and has been named one of Fortune Magazine’s Great Places to Work. We look for employees who have a strong desire to serve others, are lifelong learners, are committed to working hard, have a fun-loving attitude, and who want to make a difference in our members’ lives. We love people who share our core values: Joyfulness, generosity, belonging, goodness, and striving. We believe in being a force for good in the community, while helping members achieve their financial goals and dreams.

STCU offers excellent benefits: 
•  Paid time off plus 11 paid holidays!
•  Medical, dental, vision and life insurance 
•  Training and career development
•  Success sharing plan
•  401(k) matching contributions
•  Tuition reimbursement

An overview of the benefits can be found here or here: https://stcu.org/here-for-good/about-stcu/careers/benefits 
Salary range: $7,075.83 - $9,711.92 per month 

Job Description

**Preference will be given to those with a strong AG, C&I lending background. 

Position Overview: 
The Commercial Credit Underwriter II conducts detailed financial analysis in assessing commercial business requests for working capital lines, equipment and commercial real estate. In conjunction with the credit management, position leads the approval process and ensures appropriate credit structure, conditions, and loan covenants, in a timely manner with limited direction which best meets the member’s needs while safeguarding the Credit Union from loss. This position will also call on members and prospects in partnership with banking officers as required.

Core Job / Requirements/Outcomes

• Underwrite & structure moderately complex banking relationships by preparing thorough and technically accurate loan presentation packages by researching data, underwriting all credit risks, identifying strengths, weaknesses, and mitigation of the latter. Work closely with other members of the commercial team, to develop lending strategies that meet the members needs while mitigating risks to STCU.
• Competitively structure loan terms, covenants, and conditions while mitigating risk to an acceptable level by following established procedures, guidelines, and by working collaboratively with the credit management and banking officers.
• Decision loan requests by reviewing and recommending changes to member business loan requests within delegated lending authority and present credit requests that exceed delegated lending authority to credit management with a recommendation for approval.

Other Essential Functions

• Develop and maintain positive relationships with members, co-workers, and 3rd party providers by upholding service level agreements and communicating effectively.
• Assist in the development of and maintenance of STCU’s Member Business Loan Policy, Standards and Procedures, Participation Loan Policy, and applicable regulatory requirements.
• Partner with banking officers and credit management to provide timely financial solutions to the credit unions membership.
• Ensure compliance with credit policies, standards, and procedures.
• Dedicate time for self-development and increase job skills and knowledge while participating and successfully completing professional training and credit union required courses.
• Contribute to the development of STCU’s culture and strategic vision; the achievement of organizational goals; supporting and demonstrating STCU Core Values.

Qualifications

Qualifications: Job qualifications are stated in the essential functions of the job description. An employee must be able to accomplish the essential functions in order to be competent in the job. Other special requirements are noted below.

Education Bachelor’s degree in Finance, Accounting, Business Administration required. Equivalent work experience may be substituted for degree requirement

Job Experience Minimum of five years’ commercial credit underwriting experience in all areas including commercial real estate, C&I, and SBA. Demonstrated ability to analyze complex or layered entity borrowing structures using various analytical approaches to determine cash flow including UCA, Traditional, and NOI.

Software Skills Proficient knowledge of MS Office programs including Outlook, Word, Excel and Teams. Previous experience with loan origination software is required. Experience with nCino’s Loan Origination System, Salesforce, and Finastra’s Phoenix are a plus.

Other Skills Strong interpersonal skills, including maintaining positive relationships, attention to detail, critical thinking, individual decision making, business acumen, & loan structuring.

Physical Demands Must be able to regularly talk, hear and operate a computer, keyboard and mouse and occasionally lift, pull/push and carry up to 10 pounds with accommodations.

Work Conditions Exposure to constant or intermittent sounds at a low or moderate level consistent with an office setting. Exposure to high-stress, fast-paced, deadline-oriented environment.

Other Perform additional duties as assigned for the efficient operation of the department and the organization. This includes the possibility of being assigned temporarily to other locations.

Additional Information

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