NIH Federal Credit Union · 9 hours ago
Senior Business Loan Underwriter
Rockville,MD,US
Full-time
Hybrid
Senior Level, Lead/Staff
$80K/yr - $100K/yr
10+ years expNIH Federal Credit Union is dedicated to enhancing the member experience and is seeking a Senior Business Loan Underwriter to join their team. The role involves underwriting commercial and Government-Guaranteed Loans, ensuring compliance with applicable policies and laws, and supporting Business Lending from Origination through Servicing.
BankingCredit CardsFinanceFinancial Services
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
Qualification
Required
Master's degree in business or related field preferred
Minimum of ten (10) years' experience in commercial lending
Minimum of five (5) years' experience specific to SBA lending
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
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
Preferred
Experience with a credit union background is desired
Benefits
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
Company
NIH Federal Credit Union
Nih Federal Credit Union provides loans, credit cards and mortgages as well as online services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Juli Anne Callis
President and Chief Executive Officer
Christiana Anderson
Chief Human Resources Officer
Recent News
2023-07-07
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