Custom Underwriter in Nashville, TN at First Tennessee Bank

Date Posted: 5/30/2019

Job Snapshot

  • Employee Type:
  • Location:
    Nashville, TN
  • Job Type:
  • Experience:
    Up to 5 year(s)
  • Date Posted:
  • Job ID:

Job Description

The Custom Underwriter will be responsible for evaluating business loan applications based on established bank policies and procedures.

Duties and Responsibilities
• Review cash flows and Moody’s spreads prepared by the Credit Analyst, conduct in-depth analyses of financial information to form a recommendation of approval or denial of new loans in accordance with the Bank’s policy and procedures. Prepare Credit Origination Memorandum in a clearly written concise manner, identifying strengths, risks and mitigating factors. Collect, analyze and evaluate financial and pertinent data to determine credit worthiness of loan prospects and merits of specific loan requests. Collaborate with Relationship Managers, and Business Development Officers to gather all necessary information to present an accurate and complete assessment of the loan presented. On occasions attend joint customer calls with Relationship Manager on larger credits
• Ability to prepare high quality, detailed credit approval documents that contain an in-depth analysis, an understanding of and identification of credit issues and risks. Ability to spread and interpret financial statements, tax returns, and projections using Excel.
• Ability to provide recommendations on loan structuring and alternative structures that may be more appropriate for the transaction.
• Ability to mentor/support junior underwriters
• Ability to work in a high volume environment, meeting or exceeding Service Level Agreements and turn time goals throughout the process, providing credit decisions in a timely manner.
• Ability to provide credit and loan structuring/underwriting consulting expertise to Relationship Managers on Government guaranteed loans. Recommend terms under which credit will be extended, including the costs, repayment method, and collateral requirements. Prepare Credit Offering Memorandums. Evaluate loan purpose and disbursement procedures for all loans and determine source of cash collateral on cash secured loans in accordance with the bank's Bank Secrecy Act policy and procedures.
• Support the Bank's strong relationship banking culture through ongoing customer contact, quality customer service, and superior product knowledge. Understand and adhere to the Bank's Bank Secrecy Act policy and procedures and 'know your customer/enhanced due diligence' guidelines. Brings any suspicious activity to the attention of a supervisor, or the Bank Secrecy Act Officer. Follow all Bank policies and procedures to ensure compliance with all laws and regulations. May perform other duties as assigned.

Requirements Education and Experience
• Bachelor’s degree required for consideration or equivalent combination of education and experience
• Three (3) to five (5) years of commercial credit underwriting experience

• Fundamental understanding of commercial credit underwriting.
• Ability to interact with all levels of clients, staff and management.
• Ability to work successfully in a deadline driven team environment.
• Strong MS Office skills, especially with Excel.
• Must be organized and detail oriented with the ability to multitask.
• Good written and oral communication skills.
• Good fundamental understanding of general bank operations, proficient understanding of the components of financial planning, deposit products, small business products, investment and insurance products.

Note: This position can be located in Memphis, TN, Nashville, TN or Raleigh, NC.

  • All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, gender stereo typing, and age. First Tennessee is an EO employer – M/F/Vets/Disabled.
  • Please view Equal Employment Opportunity Posters provided by OFCCP