Commercial Underwriter

Company: WorldBridge Partners - Leaders in Recruiting and E
Location: Alpharetta
Posted on: June 22, 2022

Job Description:

Job Title:UnderwriterDepartment:CreditReports To:Underwriting ManagerFLSA Status:Exempt Position Summary: Credit's role is to protect corporate assets through a quality, detailed and thorough analysis of a submitted loan package. Credit is a member of a diverse organization, working closely with sales professionals, account managers and legal team. An Underwriter analyzes commercial loan packages for new and existing dealers through analysis of financial and performance data. This independent analysis function is designed to provide an in-depth evaluation of the strengths and weaknesses in commercial loan requests that will assist in determining if the overall risk is acceptable. Must have experience with cash flow analysis and understand it.

• This is a Permanent Hybrid position.
• 3 days in office located in Alpharetta, GA and 2 days at home.
• Hybrid goes into place after first 90 days of employment. Essential Duties and Responsibilities include the following. Other duties may be assigned.
  • Analyze historical financial statements and projections, determine risks and mitigates, describe the background of the Borrower and conduct industry and competitive analysis.
  • Evaluate the strength of borrower's cash flow and its ability to provide for primary and secondary sources of revenue to ensure repayment. Transactions include individual or corporate guarantors, underwrite their financial strength and perform a cash flow analysis, including the analysis of personal financial statements and personal/corporate tax returns.
  • Perform business and financial analysis and a general review of the overall business structure of the borrower, perform trend analysis and covenant compliance calculations.
  • Provide recommendations for risk ratings.
  • Perform credit analysis and annual reviews of borrowers.
  • Leverage resourcefulness, decisiveness, adaptability, and effective time management skills to meet service level agreements in a dynamic market.
  • Issue definitive credit decisions on commercial loans typically up to $10,000,000, while ensuring alignment with organizational goals and established credit policies.
  • Generate key financial ratios and interpret metrics including margin, liquidity, leverage, profitability, efficiency, and debt coverage ratio.
  • Write a detailed summation of borrowers' financial performance, health, and profile.
  • Assess and determine additional collateral requirements.
  • Evaluate and analyze borrower performance based on internal measurements and reports to include inventory management, payment history, audit reconciliation, and covenants.
  • Research and analyze UCC filings to determine priority and nature of each filing and effect on loan package.
  • Accurately communicate in writing directly to borrower and borrowers' representatives including, but not limited to, corporate and personal CPAs and attorneys.
  • Ability to lead commercial loan package presentation to senior executives in rendering a credit decision.
  • Drive business improvements to identify new initiatives and enhance process efficiencies.Qualifications:To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
    • Working knowledge of GAAP accounting and financial concepts used in financial services industries.
    • Provide analysis of Audited, Compiled, Reviewed, and Dealer Prepared business financial statements and explain key effects on the loan package
    • Analyze SEC filings including but not limited to 10-Q and 10-K.
    • Analyze borrower's cash flow cycle and effects on debt requirements and repayment sources.
    • Critically evaluate and apprise borrowers' business operations relative to peers and industry standards.
    • Ascertain principal stakeholders' personal value based on financial statements and external data points.
    • Understanding of varying personal and commercial credit tiers including prime and subprime.
    • Working knowledge of commercial lending industry's legal framework and implications thereof.
    • Familiarity with varying business structures including Sole Proprietorships, Partnerships, LLCs, S-Corps, and C-Corps.
    • Clear, concise, and effective communication across all levels of the organization and with external stakeholders.
    • Demonstrate initiative, challenge existing processes, and offer value enhancing improvements.
    • Ability to work independently and prioritize effectively.
    • Other characteristics aiding in daily job function include adaptability, resourcefulness, and decisiveness.
    • Proficiency with SharePoint, Microsoft Office Suite including Word, Excel, PowerPoint, and Outlook. Education/Experience: Bachelor's degree in Accounting preferred; Finance, Business, or Commerce degree considered. Prior work experience in commercial floor planning is preferred but not required.Language Ability:Ability to read and interpret documents such as operating instructions and policy and procedure manuals. Ability to draft customer facing emails and correspondence on a regular basis. Ability to communicate effectively via phone with a variety of manufacturer/dealer contacts. Math Ability:Ability to calculate figures and amounts such as discounts, interest, commissions, proportions and percentages. Ability to apply concepts of basic algebra and geometry.Reasoning Ability:Ability to apply common sense understanding to carry out instructions furnished in written or oral format. Ability to deal with problems involving several concrete variables in standardized format.Computer Skills:Microsoft Office required, specifically, Outlook, Word, Excel, and Access.\Compensation:
      • The salary range for this position if you have 3-5 years experience is $70K - $90K.
      • If you have 5+ years experience or more the salary range is $100K - $130K.
      • This position the range is determined by production and years of experience.
      • There is also an annual bonus is 20% of your base salary.

Keywords: WorldBridge Partners - Leaders in Recruiting and E, Alpharetta , Commercial Underwriter, Accounting, Auditing , Alpharetta, Georgia