Job Description
Job Title: Senior Commercial Loan Underwriter Analyst
Location: McLean, VA
Type: Direct Hire
In-Office
Overview:
Are you looking to take your career from good to great? As our, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members “do better.” Joining us is more than being an employee; it’s about being a part of our family.
Our client is hiring a Senior Commercial Loan Underwriting Analyst in Tysons, Virginia. The primary purpose of this job is to perform loan review for company funded Commercial loans (fully owned loans, participated and syndicated). The incumbent will focus on adherence to the company published Commercial Lending Policy (i.e. underwriting, collateral, financial analysis, debt ratio, loan to value, cash flow). The results of the review will be published to senior management and applicable company parties.
Responsibilities:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
* Perform loan review and analysis for post funded companyCommercial Loans (i.e. syndication, participation, member business loans, commercial real estate loans, non-commercial real estate loans, construction loans, lines of credit) to ensure adherence to published company Commercial Loan Policy. Publish results of the review to management that includes a risk assessment.
* Perform loan review and analysis for draws on commercial loans to ensure adherence to published company Commercial Loan Policy. Publish results of the review to management that includes a risk assessment.
* Collaborate with company’s Commercial Lending area to publish monthly/quarterly risk assessment reports for senior management and the Board. The report will include a risk assessment of items such as collateral value, debt service coverage, tenant occupancy level and current status of loan.
* Assist in the development and revisions to the company Commercial Lending Policy when applicable.
* Develop procedures to test and monitor adherence to the covenants applicable to certain Commercial Loans. Publish the results of the review to management that includes a risk assessment.
* Develop procedures to test and monitor adherence to the company Warehouse Lending Policy. Publish results of the review to management that includes a risk assessment.
* Collaborate with company’s Commercial Lending area to perform Annual Commercial Loan Reviews.
* Perform review of cash flows and balance sheet information, personal tax returns and corporate tax returns, financial statements, appraised values and property types.
* Perform review of insurance coverage, debt coverage ratio and loan to value ratio.
* Review executed loan agreements (i.e. participations and syndications).
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Qualifications:
Equivalent combination of education and experience is considered.
* Bachelor’s degree in Finance or Accounting.
* Formal commercial underwriting and analytical training from a banking for financial institution.
* Minimum of seven (7) years’ underwriting and analyzing various commercial loan types such as commercial real estate loans, non-commercial real estate loans, construction loans, lines of credit, syndicated loan, participated loans, and warehouse lending
* Extensive analysis in areas such as regulations, personal tax returns and corporate tax returns, financial statements, cash flow analysis, balance sheet, appraised values and property types, insurance coverage, debt coverage ratio and loan to value ratio
* Extensive knowledge of executed loan agreements (i.e. participations and syndications)
Supervisory Responsibility
This position will not supervise staff.
Licenses and Certifications
There are no additional certifications required.
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*
Travel
Ability to travel to various worksites and be on-call may be required.
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