Senior Business Loan Underwriter at NIH Federal Credit Union

Rockville, Maryland, United States -

Full Time

Start Date

Immediate

Expiry Date

30 Apr, 26

Salary

100130.0

Posted On

30 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Commercial Lending, SBA Lending, Financial Analysis, Underwriting, Communication Skills, Team Leadership, Risk Assessment, Loan Compliance, Data Analysis, Collateral Analysis, Credit Policies, Loan Documentation, Member Services, Portfolio Management, Training, Problem Solving

Industry

Banking

Description

Description This position can be a remote position for out of state candidates and remote/hybrid for instate candidates. We are looking for more than just an employee, we are looking for a true team member dedicated to enhancing the member experience! Come join the credit union movement and Discover Banking With Heart at NIHFCU! At NIHFCU, one of our core values is investing in our employees, which is why we offer perks like these: • Benefit Package for all Full time employees includes health, dental, vision, Life • insurance benefits • 401(K) and profit sharing • Tuition Reimbursement • Career Advancement and development • Credit Union Membership with discounted services and products Learn how our NIHFCU team thrives—not only in making a difference for the members they serve, but for themselves! Want to know more about NIHFCU’s “Banking with Heart” career opportunities? #NIHFCUCareers #BestCreditUnions: Discover the Benefits of Working at NIHFCU | Discover Banking with Heart GENERAL SUMMARY Full-time Senior Business Loan Underwriter for the Credit Union with emphasis on commercial Conventional and Government-Guaranteed Loans (such as SBA 7(a), SBA 504, and SBA Express) for the purposes of real estate, equipment, business acquisition, construction/renovation, startups, franchises, working capital, and asset-based lending. The Senior Business Loan Underwriter is responsible for the underwriting commercial and Government-Guaranteed Loans, ensuring compliance with all applicable policies and laws, and assisting Business Lending from Origination through Servicing. The individual must be detail-oriented, possess strong, proactive communication and management skills, be able to work in a flexible team environment while being self-disciplined and self-motivated, and efficiently deadline-oriented. MAJOR DUTIES AND RESPONSIBILITIES Extract financial data from various forms of personal and business financial documentation and non-financial data from various information systems to determine appropriate depth and format of analysis. Evaluate Borrower and Guarantor’s financial capacity, experience, and qualifications for proposed loan requests. Underwrite and analyze financial statements and federal tax returns, including cash flows, qualifying ratios, and performance, to develop an assessment of strengths and weaknesses related to a Borrower’s past, present, and proforma operation. Lead and train underwriting staff members, drawing upon the incumbent’s knowledge and experience in Commercial and SBA credit analysis. Perform collateral analysis, as needed, to ascertain proper alignment with internal credit policies and regulations. Collect and maintain industry data, research industry-specific information from external sources, including input from Borrowers, industry publications, credit agencies, and market analysts. Must be able to interpret compiled data and provide recommendations for program and portfolio enhancements. Prepare complex commercial credit analysis in necessary format, and proper context, for the program (i.e. Conventional, SBA 7(a), SBA 504, or SBA Express) including a comprehensive narrative, financial analysis, Strength & Weakness analysis, and recommendation in the form of a submission presentation to appropriate approving authorities. Establishes and maintains credit files for each relationship. Ensures that Member’s credit analysis information, such as loan documentation, financial statements, tax information, credit history from trade references, and correspondence, comply with established naming protocols, and placement, when incorporated into the credit file. Provide constant, and consistent, feedback to Business Lending Team Members involved in the processing, closing, funding, and/or servicing of loans. Perform annual loan reviews of existing business relationships to monitor compliance with loan conditions and NIHFCU Member Business Lending and Participation Policies; ensuring compliance with loan covenants. The annual loan review includes evaluation and support for necessary risk rating adjustments. Ensure established analysis and lending procedures are adhered to by the underwriting staff members at all times, and in compliance with the NIHFCU Member Business Loan Policy, NCUA, Federal and State Banking laws and Regulations. Maintain the confidentiality and security of all Member, or Associate, personal and financial information. Effectively communicate the underwriting and analysis progress to Senior Management and the Team Members to ensure commercial loan requests are reviewed efficiently and any potential missing information is outlined and reported back to the Origination Officer. Members must receive timely and efficient decisions, and all approved transactions are expedited and successfully phased into the next process of the Business Lending Department. Provides support to management in the development and implementation of special reports and/or special projects to maintain a sound commercial loan portfolio. Requirements EDUCATION & EXPERIENCE Master’s degree in business or related field preferred, with a minimum of ten (10) years’ experience in commercial lending, with a minimum of five (5) of those years’ experience specific to SBA lending. Experience with a credit union background is desired. Knowledge of laws, regulations and eligibility governing business lending practices across multiple programs. Knowledge and proficiency of commercial financial analysis and ability to underwrite to NCUA and SBA guidelines/eligibility to provide sound loan recommendations. Knowledge and proficiency to decipher, compartmentalize and analyze complex ownership structures of Member’s loan requests. REQUIRED COMPLIANCE COURSES Ensure that work results and processes comply with relevant laws and with established NIHFCU policies, procedures, and practices, including, but not limited to, the Bank Secrecy Act (BSA).Attend all required training or complete and pass all online required training courses as applicable. Salary Ranges: $80,104.15-$100,130.19 ; Exempt position. *Please note that the pay range listed represents the earning potential for this position and is only a general guideline that may be modified in the future. NIHFCU considers factors such as (but is not limited to) the scope and responsibilities of the position, the candidate’s applicable work and educational experience, the candidate’s certifications if required, and critical skills, as well as market and business considerations, including budgetary constraints and internal equity, when extending an offer. NIHFCU is an Equal Opportunity Employer and does not discriminate against employees or applicants based on race, color, religion, sex/gender, national origin, disability, age, or any other category protected by law.

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Responsibilities

The Senior Business Loan Underwriter is responsible for underwriting commercial and Government-Guaranteed Loans, ensuring compliance with policies and laws, and assisting Business Lending from Origination through Servicing. Major duties include evaluating financial data, leading underwriting staff, and preparing complex credit analyses.