Commercial Loan Underwriter

Formed in 1934, Telhio began as a credit union for Columbus Telephone Company (now AT&T) employees. Telhio now serves over 70,000 member-owners throughout central and southwest Ohio. As one of the largest credit unions in Ohio, Telhio is a strong financial institution that continues to serve its members through extraordinary service, innovative financial solutions and community involvement. After generations of service and growth, we never lose focus of our three core values - Caring, Commitment, and Integrity.

Position Summary:

The Commercial Loan Underwriter evaluates the credit worthiness of businesses and determines their ability to repay loans and lines of credit, including those used to purchase equipment, real estate and other goods. Their responsibilities include developing financial profiles and investigating credit histories. The Commercial Loan Underwriter will also conduct a cash flow analysis determining how much cash and liquid assets a business has on hand with how much it owes. This position also prepares the loan material for presentation to the Business Loan Committee

Responsibilities:

• Review and interpret commercial loan requests, including financial statements, tax returns, credit reports, trust agreements, operating agreements, and other pertinent data
• Conduct capitalization rate analyses and other collateral valuation methods to determine loan exposure
• Assess borrower prepared pro-forma financial statements and compare to industry standards
• Prepares financial spreads and assess borrower's ability to repay by evaluating financial metrics including UCA cash flow analysis
• Participating in site visits with Relationship Managers as needed to support the underwriting function
• Prepare comprehensive Credit Approval Memos detailing risk factors, compliance with lending policies, and recommendations for approval, denial, or revision
• Utilizes loan approval authority up to $1MM
• Assess the risk and issues credit recommendation of all treasury applications including remote deposit capture and ACH services
• Present Credit Approval Memos to Commercial Loan Committee when applicable
• Maintain a thorough understanding of Telhio underwriting guidelines, procedures, and policy to ensure loan applications are appropriately structured and credit worthy
• Proactively recommend changes to Underwriting guidelines and procedures to team's supervisor
• Ensure adherence and compliance to federal and state regulations including SBA SOP
• Evaluate economic trends and conduct market analyses to evaluate the viability of businesses
• All other tasks as needed to support the business line

Qualifications:

• Bachelor''s degree Finance, Accounting, Business, Economics, Business/Administration, Management, Statistics. (Required)
• 2-5 years of SBA Loan Underwriting experience (Required)
• Ability to read and understand bank, financial statement and tax return documents
• Strong math and analytical skills
• Good decision-making skills
• Effective communication skills (oral and written)
• Must be able to pass a background check including: Credit, Drug Screen, Bondability, & Criminal Background

What you will earn:

• Competitive pay
• Several medical plan options, dental, free vision, free life and free disability insurance
• Additional incentive programs for employees enrolled in our insurance
• 6% matching and immediately vested 401(k) plan
• 100% paid paternity leave
• 10 paid holidays and generous paid time off plan for a healthy work-life balance
• Opportunity for personal career growth, continued education and mentorship programs
• Volunteer opportunities impacting the local community

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, you will need to have good manual dexterity as well as speaking and hearing ability. This position requires sitting; some reaching; frequent standing and walking; some stooping or kneeling. The employee must occasionally lift and move up to 50 pounds. It is expected that the employee will read, compile, compute and record numerical and statistical data.

This is a Non-Collective Bargaining Unit.

Telhio is an Equal Opportunity Employer.