Senior Commercial Underwriter

First Citizens Bank - Charlotte, NC

Full-time

Charlotte, NC

Credit Intermediation and Related Activities

About the position

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. The Senior Commercial Underwriter leads underwriting efforts by servicing commercial portfolios at the highest level of ability and complexity. This position supports the commercial lending team with expertise in structuring, analysis, and credit documentation for commercial credit actions. The Senior Commercial Underwriter establishes the viability of repayment sources and prepares credit approval memos. They are responsible for identifying, gathering, and reviewing financial information to determine credit grades and appropriate loan structuring. Additionally, the role involves assessing and communicating risks to assist department risk mitigation strategies. The Senior Commercial Underwriter provides service and support for both associates and customers, assisting in customer calls and may assist in identifying cross-sales opportunities. They also offer guidance on escalated or difficult underwriting matters and lead special projects as needed to facilitate commercial lending activities and service capabilities. Furthermore, this position may act in a leadership role to less experienced underwriters in the work group.

Responsibilities

• Leads the underwriting of commercial credit actions according to applicable regulations, procedures, and guidelines.
• Interacts directly with customers to gather information throughout the approval process and to determine the viability of repayment.
• Reviews financial statements, communicates with customers or prospects, and performs analysis to recommend credit grades, covenants, and appropriate loan structuring.
• Ensures all involved parties are updated on underwriting progress and outcome.
• Provides leadership in daily activities through underwriting production and credit analysis expertise.
• Identifies risks through reviews, analysis, and research of new and existing commercial loans.
• Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the commercial portfolio.
• Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management.
• May assist in the development of strategies to manage risk within the credit portfolio.
• Sources, compiles, and interprets financial data to support structuring and approval of loans.
• Reviews industry information and comparisons, key risks and mitigants, and collaterals to form a general business overview of the borrower.
• Utilizes results of analysis to underwrite complex commercial loans.
• May assist in identifying cross-sales opportunities for new and existing relationships based on analysis activities.
• Identifies servicing information and prepares credit analysis documentation.
• Partners with associates and customers to determine needs and structuring of new requests, participating in customer and prospect calls as needed.
• Assists management with peer development and training.

Requirements

• Bachelor's Degree and 6 years of experience in Underwriting C&I and Medical, Commercial Credit Analysis, Lending, Financial Statement Spreading, Preparation of Projections, and Trailing Twelve Month Analysis.
• OR High School Diploma or GED and 10 years of experience in Underwriting in C&I and Medical, Commercial Credit Analysis, Lending, Financial Statement Spreading, Preparation of Projections, and Trailing Twelve Month Analysis.

Nice-to-haves

• Experience with credit relationships 5 million and above.
• Experience in leading special projects as needed to facilitate commercial lending activities and service capabilities and act in a leadership role to less experienced underwriters in the work group.
• Microsoft Excel competency required.
• Strong written and verbal communication skills required.

Benefits

• Comprehensive benefits program for full-time associates (20+ hours) with customized offerings designed to support families.