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Commercial Loan Underwriter IV at Synovus Financial Corp. in Cumming, Georgia

Posted in Other 30+ days ago.

Type: Full Time

Job Description:

Job Summary:
Performs underwriting of commercial loans typically $2.5MM - $15MM in size for customers with revenues from $2.5MM to $75MM. Collaborates frequently with loan officers and credit approvers. Provides consultation to customers. Performs research and financial and statistical analysis to determine and support client credit worthiness while minimizing risk exposure. Prepares analysis, reports and presentations for management review and regulatory reporting. Ensures all transactions and processing are in compliance with regulatory and company guidelines, policies and procedures. Provides assistance to and may supervise the work of lower-level underwriters.
Job Duties and Responsibilities:

Performs credit review of commercial manually underwritten loans, with a primary focus on very large, complex commercial loans managing the assessment of the most complex, high-dollar and high-risk clients and prospective clients.

Applies broad and in-depth knowledge of credit/risk management processes to ensure appropriate balance between company risk and customer/client focus and relationship is maintained.

Spreads financial statements, works with Dual Risk Rating and performs credit service reviews. Conducts research to determine credit quality, character and soundness including analysis of extensive statistical data and financial statements, sensitivity analysis, industry analysis, management assessment and guarantor analysis.

Ensures the consistent use of well-supported and factual analyses and processes to determine and recommend risk ratings

Works with specific lenders to conduct loan portfolio management. Proactively prepares for renewals, performs calculation of borrowing bases, and monitors covenants.

Prepares analyses, reports, and presentations for management review. Performs accurate spreading of historical financial statements and prepares projections. Represents a clear focus on the merits, risks, and mitigating factors accordingly.

Ensures each step of the process is in compliance with all company and regulatory guidelines, policies, procedures and methodology. Stays abreast of variations in laws across state boundaries, if applicable.

Partners with loan officers to screen loan packages and collect 'due diligence' materials. Provides consulting services to customers and accountants. Travels to customer locations frequently with loan officers.

Provides analytical support for developing and maintaining credit studies, financial background information and other relevant data on present and prospective customers. Analyzes present and proposed lending and recommends optimum course of action to maximize profitability while providing a complete risk/delinquency analysis.

Assists with the development and maintenance of management reporting systems, both manual and automated, that provide an accurate and readily available reference library of loan portfolios, clients current and historical data, reports, and SOPs. Ensures all support documentation, both prepared and submitted, are in compliance and retained in accordance with the company's records retention policy.

Serves in a senior capacity, providing work/task related direction and advice to lower-level team members. Orients, trains, assigns and reviews work assignments and results, providing performance feedback and training

May also supervises the day-to-day activities of a team of Commercial Underwriters providing direction in accordance with the Company's policies and applicable laws. May be responsible for interviewing, hiring, planning, assigning or directing work, appraising performance, disciplining team members and resolving problems. Works with the Human Resources Department to resolve more complex team member-related issues.

Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.

Performs other related duties as required.

The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Synovus is an Equal Opportunity Employer supporting diversity in the workplace.

Minimum Experience:

Seven years of credit underwriting experience including, but not limited to, analyzing and interpreting corporate and personal financial statements and tax returns, performing diverse analyses, and preparing supporting documentation for management review.

Required Knowledge, Skills, & Abilities:

Broad, in-depth knowledge of credit risk analysis/underwriting principles, methods, practices and regulatory requirements

Knowledge of financial accounting theory, methodology and logic

Proficient at the advanced level in department credit/lending systems and databases

Excellent verbal and written communication skills

Ability to meet reasonable deadlines and prioritization of workflow

Ability to communicate effectively with clients to provide consultation concerning very large, complex commercial loans

Ability to use work flow tool

Proficiency using Microsoft Office software products

Preferred Knowledge, Skills, & Abilities:

Supervising or leading a team.