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Commercial Underwriter

Lenexa, KS
Company: CoreFirst Bank & Trust
Position: Commercial Underwriter
Reports to: Director of Credit Administration
Classification: Full-Time 
Hours: 8:00 am to 5:00 pm Monday through Friday 
Location: Topeka or Lenexa, KS

**500 Sign On Bonus for New Hires**
Job Summary:
The Commercial Underwriter is responsible for conducting analyses, structuring and recommendations of commercial and business loans. Primary duties include the independent completion of all aspects of credit analyses that are used to determine the risk profile of existing credits and used for the decision new credit requests or renewals of credit. The Commercial Underwriter must utilize sound judgment in interpreting the content of financial statements, utilize independent judgment in recommending appropriate loan covenants, structure, monitoring requirements, and the presentation of key strengths and weaknesses related to wide variety of credit types. Those individuals regarded as a “Commercial Underwriter” should be viewed as a suitable business partner for the commercial banking deal team. The ability to join on business calls with commercial bankers and business bankers as a representative of the Bank and credit department should be a skill set (or developed skill set) with this role.

Essential Job Functions:
  • Conducts credit investigations and analyzes information pertaining to commercial, construction, real estate and consumer loan requests using all available sources in order to form opinions for approving or denying commercial loan/lease applications.
  • Determine cash flow and overall financial strength of commercial borrowers using appropriate tax return and financial statement analysis.  Possess the ability to spread financial statements and analyze borrower’s historical performance and projections versus industry peers.
  • Able to participate in detailed screening, structuring, and negotiation of loan requests.
  • Able to properly structure financing requests based on the type of request and the borrower’s needs.
  • Prepare written credit approval documentation for presentation to appropriate levels of approval authorities.
  • Able to analyze the viability of various types of collateral including accounts receivable, inventory, equipment and commercial real estate to assess proper loan values and sufficiency of collateral coverage. 
  • Able to interpret and summarize third party reports such as appraisals, environmental assessments, preliminary title reports, etc. 
  • Able to recommend appropriate monitoring requirements, loan covenants and pre-closing/funding requirements.
  • Follows Bank policies and procedures.
  • Assists in training Credit Analysts I & II in the interpretation of financial statements, the technical aspects of the analysis of financial statements, global cash flow analysis, monitoring requirements, loan covenants, etc.
  • Provide quality service to internal customers through undertaking risk assessment analysis of various types of lending proposals.
  • Obtaining and analyzing market and industry information as it relates to existing credits and new loan applications.
Knowledge, Skills, and Abilities:
  • Minimum of seven (7) years of Credit Analysis or related experience required
  • Prior commercial credit approval authority strongly preferred (including approval authority for new and existing credits, structure, loan covenants, and risk ratings)

Bachelor’s degree in Accounting, Finance, Business Administration, or Economics
Skills and Abilities
  • Thorough understanding of financial statements, including balance sheets, income statements, and statements of cash flow as well as the ability to analyze and interpret the content
  • Working knowledge of state and federal loan regulations and Bank lending policies
  • Working knowledge of loan and collateral documentation
  • Excellent time management skills with the ability to manage multiple and changing deadlines with limited supervision and significant analytical thinking
  • Dedicated, goal oriented, and an energetic self-starter
  • Effective verbal and written communication skills
  • Proficient with Microsoft Word and Excel.
Adherence to CoreFirst Values; Respect, Communication, Integrity, Initiative, and Accountability. A secondary focus on internal and external Customers, Compliance, Ethics, Perseverance, and Time Management is also essential.

Physical Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to talk or hear. The employee is frequently required to sit, stand, and walk. Some light physical effort required including ability to lift up to fifty (50) pounds.
Travel is negligible
Work Environment
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, copy machines, filing cabinets, and fax machines.

Applicants must have a clean driving record and pass a drug screen and background check.

Internal applicants must be meeting the minimum requirements of their current job and submit a cover letter and resume via the employee portal.

CoreFirst provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, CoreFirst complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
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