Commercial Underwriter in Birmingham, AL at First Horizon National Corporation

Date Posted: 11/3/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    2340 Woodcrest Place
    Birmingham, AL
  • Job Type:
  • Experience:
    0 to 2 year(s)
  • Date Posted:
    11/3/2020
  • Job ID:
    COMME02571

Job Description

As a Commercial underwriter you'll play a critical role in the loan process. Our underwriters collaborates with commercial loan officers and others to ensure operational soundness for the client and the bank. You'll be responsible for providing an independent, comprehensive, written evaluation of designated commercial loans, which involves research, analyzing financial statement data, and evaluating trends to provide recommendations. If you’d like an important, behind-the-scenes role this one may be right for you!

A day in the life of a commercial underwriter:

  • Use business acumen to structure financial loans, access strengths and weaknesses of prospective borrowers
  • Presents results of credit decisions with market and team
  • Plays a critical role for the in the monitoring of the commercial loan portfolio.  Responsible for tasks such as:  spreading financial statements, analyzing trends, risk rating preparation , and monitoring covenant compliance.  


ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Provides on-going financial statement spreading across all markets (primary)
  • Provides additional covenant check support to the commercial lending and underwriting groups where needed (secondary)
  • Prepares basis and preliminary credit analyses through the spreading function to aid in determining the viability of a potential credit opportunity, with supervision of Underwriting Manager or Commercial Underwriter IV
  • Develops a “base” understanding of various types of lending facilities as well as a variety of companies and industries
  • May be considered a part of the Bank’s “Centralized Commercial Spreading Team” responsible for the on-going financial statement spreading across all markets. This is a key role for the company and may limit other responsibilities as determined by the direct supervisor.
  • Performs other duties as assigned

ROLES AND RESPONSIBILITIES - COMMERCIAL ORIGINATIONS & ONGOING PORTFOLIO MANAGEMENT:

  • Spreads financial statements as provided by Commercial Relationship Manager and distributed by Underwriting Manager
  • Maintains responsibility for completion of the preliminary credit analysis once engaged by Commercial Relationship Manager / Underwriting Manager / Commercial Underwriter IV; Key items for both originations and renewals:
    a. Works directly with the Commercial Relationship Manager / Underwriting Manager / Commercial Underwriter IV to ensure accurate spreading of financials
    b. Ensures accuracy of any preliminary analysis presented to the Commercial Relationship Manager / Underwriting Manager / Commercial Underwriter IV
    c. Properly documents and notifies Commercial Relationship Manager / Underwriting Manager / Commercial Underwriter IV when statements do not balance
    d. Performs preliminary cash flow analysis if requested
    e. Aids in covenant check and other portfolio management support as requested by the Underwriting Manager
    f. Identifies weaknesses & trends and alerts Commercial Relationship Manager and Underwriting Manager to deteriorating conditions
  • Participates in deal team meetings between Relationship Manager, Market President and Senior Credit Officer as required
  • Participates in credit decision meetings with Market President, Senior Credit Officer, Executive Credit Officer, Chief Credit Officer and Chief Operations Officer
  • Quantifiably documents production on a regularly basis
  • Commercial Underwriters are to adhere to Service Level Agreements as outlined in Workflow Procedures.

SUPERVISORY RESPONSIBILITIES:
None
QUALIFICATIONS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:

  • Bachelor's degree (B. A.) from four-year college or university; 0-2 years related experience and/or training preferred
  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
  • Ability to write reports, business correspondence, and procedure manuals
  • Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public
  • Ability to work with mathematical concepts such as probability and statistical inference
  • Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations
  • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists
  • Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form

COMPUTER AND OFFICE EQUIPMENT SKILLS:

  • Spreadsheet (ex. MS Excel) and Word Processing Software (ex. MS Word)
  • Facsimile machine and Copier/Scanner
  • Hewlett Packard 12 C Calculator (or equivalent)
  • Financial Spreading Software

CERTIFICATES, LICENSES, REGISTRATIONS:
None



Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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