Commercial Loan Portfolio Underwriter

Are you ready to make an impact by safeguarding and growing a dynamic commercial loan portfolio? We're looking for a detail-driven financial professional to manage and analyze a diverse range of commercial loans-including real estate, lines of credit, and term loans. In this role, you'll assess risk, evaluate financial and collateral strength, and ensure loan quality through expert analysis and sound judgment. If you thrive on financial problem-solving, enjoy building business relationships, and want to contribute to the long-term success of a trusted organization, we want to hear from you!

Your day might include:

• Providing excellent member service and engaging with member borrowers to retain relationships, leverage opportunities for business development, and champion members' financial well-being.
  
• Performing annual or periodic reviews, monitoring and analyzing business loans, documentation, and supporting data (financial statements, tax returns, etc.) to proactively identify risk factors such as cash flow and financial stability that may indicate potential problems with the loan.
  
• Spreading financial statements and tax returns to evaluate sales and income trends, financial health, and repayment capacity.
  
• Identifying and communicating potential risk situations based on the borrower's financial picture and recommending corrective actions to management, including mediation, renewal, placement on the watch list, or loan impairment.
  
• Working directly with the Commercial Loan Officer to obtain all necessary financial statements and transaction information to analyze credit requests, and collaborating to clear payment past dues.
  
• Tracking Loan Agreement compliance and ensuring that relationships within the portfolio are monitored per the terms of the Loan Agreement.
  
• Preparing risk rating scorecards and related forms and reports to verify that ratings are accurately reflected and documented.
  
• Completing the due diligence process by ordering appropriate reports and verifying and investigating collateral support, performing asset verification, and evaluating personal and business assets; performing annual site visits and inspections.
  
• Maintaining current knowledge of general economic conditions and changing trends that may affect business loans, and conducting company, industry, and market analyses to further assess borrower credit quality.
  
• Reviewing legal and loan documents to ensure accuracy in accordance with loan approval, determining viability and adequacy of collateral through valuation methods (such as appraisal reports, environmental studies, title reports, UCC searches, leases, and market data), and resolving document exceptions related to closing and ongoing exceptions.
  
• Monitoring credit status and quality of loans on a regular basis, including assessment of current risk rating and testing borrower operating performance against original underwriting and projections upon receipt of required reporting information (monthly, quarterly, semi-annual, or annual financial statements, etc.).
  
• Determining borrower and guarantor character, creditworthiness, and repayment ability through in-depth analysis of tax returns and financial statements (balance sheet, income statement, direct and indirect cash flow statements), using trend, cash flow, ratio, leverage, and projection analysis, including stress testing cash flow using criteria such as changes in interest rate and vacancy.
  
• Reviewing and analyzing legal documents such as wills, trusts, corporate articles and by-laws, partnership agreements, and other information as necessary to fully underwrite the loan.
  
• Performs other related duties and projects as requested by management.

What you bring to the team:

• Seven (7) years in a lending environment, with a majority being in commercial lending or underwriting
• Five (5) years of experience underwriting CRE and C&I credits preferred
• Experience and expertise in CRE and C&I lending underwriting practices and risk management
• Ability to comprehend and analyze complex lending situations, coordinating efforts with other team members.
• Working knowledge of commercial lending with a commercial LOS and other automated tools.

Competitive Base Pay: $45.86 - $68.80 hourly, dependent on relevant qualifications, plus an annual discretionary incentive plan and benefits package

• The target starting pay for this position is $45.86 - $57.33 hourly, typically within the first half of the range. Actual offers will be based on individual qualifications relevant to the role and will not take an applicant's pay history into account.
• The range above allows our employees room for growth through annual merit and other pay increase during their tenure in the position.

Position location: 330 Union Ave SE Olympia, WA. Employee must reside and perform all work in the state of Washington. This is a work from home/hybrid position with the exception of occasional on-site training, meetings and specific organization events.

When you'd work: Monday - Friday, between the hours of 8:30 am - 5:30 pm. Full time minimum 40 hours per week, with scheduling flexibility to meet service needs for this non-exempt position.

Working from home/hybrid requirements:

• Reliable, high-speed home internet connection
• Private, confidential workspace, away from distractions and other people
• Suitable desk/surface and desk chair
  

Perks: Here are a few benefits and perks we offer:

• Medical, Dental, Vision, and Life Insurance with Premiums paid by WSECU
• Full-Time Regular employees accrue general leave and sick leave, on a monthly basis
• Part-Time employees accrue general leave, on a monthly basis
• 11 Paid Holidays
• Employer paid Long Term Disability & Long-Term Care plan for Full-Time employees
• Employer paid Long Term Care plan for Part-Time employees
• 401(K) with 8.5% Contribution by WSECU to begin 1st quarter after 1 year of service
• Paid Volunteer Leave
• Tuition Assistance
• Employee Assistance Program & Employee Discounts
• And, you get to work with some awesome people!
  

WSECU is honored to be recognized as the number one credit union in the state on Forbes magazine's list of best credit unions in Washington. Members are at the heart of everything we do. Their feedback helps us determine our path and knowing that same member feedback led to this recognition is incredibly rewarding.

Ind2

#LI-Hybrid

We champion our employees' unique differences because we believe diversity is critical to the success of our members and the communities we serve. We're proud to provide a workplace based on equality and do not discriminate based on race, color, religion, creed, national origin, ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity, marital status, or any other legally recognized protected basis under federal, state or local law.

Accommodations are available for applicants with disabilities. If you are an individual with a disability and require a reasonable application to complete any part of the application process, or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact 360-754-2118 or email us for assistance.