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First Bank · 16 hours ago

Commercial Underwriter

St Louis, MO

Full-time

Hybrid

Mid, Senior Level

$75K/yr - $90K/yr

5+ years exp

First Bank is one of the largest independent banks in the U.S., committed to its employees and clients. The Commercial Underwriter will manage the underwriting process for commercial credit transactions, ensuring credit quality and compliance while actively participating in deal teams and providing recommendations for credit decisions.

BankingFinanceFinancial Services

Responsibilities

Preparing credit approval offerings for all types of transactions, primarily focused on commercial real estate transactions. Credit approval documents will include but not be limited to new and renewed loan offerings and modifications. May include various pre- and post-approval activities as necessary

Comprehensive knowledge of underwriting activities, practices, tools and considerations, and the ability to manage the underwriting process. Expect to serve as a resource on credit structuring, economic and industry research and analysis

Working independently with little oversight

Using independent judgement to identify and mitigate risks, prepare offerings and risk ratings by analyzing credit, collateral and financial worthiness of borrowers, guarantors and credit structure. Ensuring credit quality and portfolio integrity are given the highest consideration when making credit recommendations

Actively participating in the deal team, working closely with relationship managers, senior leaders and credit administration. Direct client interaction, as needed

Providing recommendations on credit decisions for Executive Loan Committee supported by objective commentary and analysis. Expect to actively participate in committee presentations and discussion

Developing a strong working knowledge of the Bank's internal commercial loan policy, ensuring compliance and any relevant exceptions are identified and mitigated

Ongoing portfolio monitoring and servicing with renewals, amendments, modifications and relationship reviews, if applicable. Work with Credit Review team to ensure file inconsistencies and inaccuracies are resolved

Qualification

Commercial credit transactionsUnderwriting activitiesCredit structuringMicrosoft Office SuiteFinancial services experienceIndependent judgementDynamic environment managementTeam collaboration

Required

Bachelor's degree, required, MBA preferred, from four-year college or university

A minimum of five years' experience and/or training in a financial services environment

Completion of a formal commercial credit training program (or equivalent work experience in this field)

Proficient in Microsoft Office Suite

Works well in a dynamic environment, managing multiple tasks and an, at times, stressful environment

The ability to execute these job responsibilities independently and autonomously as well as to collaborate with team members is an important aspect of the position