Field Credit Underwriter

Posted on Oct 6 Denver, CO

Job Purpose
Establish and maintain a strong working relationship with assigned Field Credit Manager and team members, focusing on providing accurate and timely analysis of existing and prospective credit transactions. Support Field Credit Manager in portfolio monitoring and risk identification by completing annual reviews, portfolio reviews, loan status reports and other analyses as directed.

Duties and Responsibilities
Credit Analysis (95% of time)

Field Credit Underwriters play a critical role in ensuring that the Bank is diligently and consistently evaluating each lending opportunity to assess risk in a timely and accurate manner. The Field Credit Underwriter's analysis should demonstrate a thorough understanding of the client and their business, a comprehensive evaluation of the transaction structure, and finally, a clear assessment of the risks and mitigants.Key activities to achieving this desired outcome are:
    • Review proposed transaction structures and identify all items necessary for full underwriting, communicating same to Field Credit Manager.
    • Arrange for entry of client/prospect financial information into system for analysis or, if necessary, enter information personally.
    • Analyze financial information, cash flow data, tax returns, collateral assessments, repayment sources and related material for assigned transactions.
    • Conduct industry research and collect other pertinent information for credit analysis
    • Prepare narrative summary of credit transactions, including risk assessment, and make approval recommendations on proposed credits.
    • Complete all sections of Credit Approval Form for assigned transactions, for review and approval by the Field Credit Manager, Banker and all other required approvers.
    • Draft preflight memoranda on prospective transactions for preliminary discussions with appropriate parties.
    • Prepare renewal and modification presentations and initiate annual review and loan status reports for existing facilities as assigned.
Compliance (5% of time)

    • Exercises awareness with regard to possible suspicious activity, money laundering or fraudulent behavior and reports any such incidents to BSA staff and/or Internal Audit Director as appropriate.
    • Performs job functions in compliance with all company policies and federal/state rules and regulations as applicable to the position, including, but not limited to BSA/AML, OFAC, and GLBA/privacy rules.
Knowledge, Skills, and Abilities
Field Credit Underwriters will be expected to demonstrate proficiency in the following knowledge, skills and abilities:
    • Basic knowledge of general banking principles and regulations.
    • Basic knowledge of credit principles.
    • Elementary comprehension of general accounting principles.
    • Broad understanding of financial statement analysis, financial ratios, cash flow data and other credit information.
    • Working familiarity with CoBiz Credit Policy
    • Exceptional written and verbal communication skills.
    • Ability to manage multiple efforts in a growth-oriented environment, remaining focused on achieving successful outcomes.
    • Strong organizational skills.
    • Good working knowledge of Microsoft Office software and internal Bank systems.
Performance Standards
Field Credit Underwriters' success will be measured according to their achievements in the following areas:
    • Thorough evaluation of credit risks in all credit presentations.
    • Completing credit presentations, reports, memos, etc., on a timely basis, with minimal or no rework required.
Education/Formal Training/Experience
    • Bachelor's degree in Accounting, Finance, or appropriate business-related field.
    • Minimum two to three years' experience in financial services industry.
    • Formal Credit Training Program preferred.