Apply on Employer Site

Golden 1 Credit Union · 1 week ago

Business Services - Senior Commercial Loan Underwriter-Remote - Must Reside in CA

United States

Full-time

Remote

Senior Level

$53.74/hr - $70/hr

7+ years exp

Golden 1 Credit Union is seeking a Senior Commercial Loan Underwriter to evaluate commercial loan applications and determine credit risks in compliance with regulations. The role involves underwriting various types of loans, analyzing financial data, and communicating recommendations to approvers.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

Underwrite commercial and industrial, commercial real estate, and small business loan requests and generate approval memorandums adhering to Credit Union policy and procedures

Enter financial figures into appropriate programs to generate ratios and examine data to determine credit worthiness. Compare items such as liquidity and profitability with other companies of same industry, size, and geographic location for commercial customers

Coordinate with Commercial Loan Officers with the loan process by analyzing the current credit and financial information of individuals or firms (e.g., credit reports, tax returns, financial statements, etc.) to determine the degree of risk involved in extending credit

Use independent judgment to identify risks and mitigants, prepare offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength, and financial worthiness of loan/transaction parties. If relevant, performs ongoing credit risk management for assigned portfolio

Uphold a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position

Ability to analyze tax returns, credit and appraisal reports, fraud detection and other property or income related reports and documentation to ensure that information meets agency and credit union requirements

Organize and prioritize daily workload to ensure compliance to credit union policy, procedures, and established turnaround times

Cross Train to support other underwriting and credit analyst positions as needed

Interact with management to implement procedures to prioritize work within the underwriting and processing area as volume dictates

Evaluate Commercial Loan Guidelines to ensure they are aligned with the risk appetite of Golden 1 Credit Union as evidenced by the portfolio’s performance

Ability to execute independent judgement on key decisions impacting the business lending unit

Support supervisor or manager with training of staff members

Performs other duties as assigned

Qualification

Commercial loan underwritingCredit analysisCommercial lending knowledgeAutomated loan origination systemMicrosoft programsExceptional member serviceOralAnalytical skillsWritten communicationOrganizational skillsAttention to detail

Required

Bachelor's degree or equivalent experience

7-10 years minimum of commercial loan experience with a financial or banking institution performing underwriting or credit analysis functions

Experiential knowledge of commercial lending requirements, all commercial loan products, commercial loan fulfillment, credit union policies and all applicable federal and state laws and regulations

Current working knowledge of Commercial Real Estate and Commercial and Industrial lending

Exceptional member service and member relations skills

Exceptional oral and written communication skills

Ability to manage multiple tasks and demands, to work independently with minimal supervision, and to meet deadlines and effectively adjust to changing priorities

Strong analytical, organizational skills and attention to detail

Understand the use of the automated loan origination system. Operate on standard Microsoft programs and other computer operations

Knowledge of generally accepted accounting principles

Demonstrated ability to work independently and interact collaboratively and cultivate partnerships across the organization

Ability to effectively communicate policy/procedures to staff to assist the supervisor and or manager with training

Company

Golden 1 Credit Union

Glassdoor3.3

Golden 1 Credit Union is a financial cooperative that offers checking, savings, home loan, investment, insurance and online services.

Founded in 1933

Sacramento, California, USA

1001-5000 employees

https://www.golden1.com/

H1B Sponsorship

Golden 1 Credit Union has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2024 (1)

2022 (1)