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Commercial Underwriter III

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Commercial Underwriter III

Location: Kennebunk, Maine

What does a Commercial Underwriter III do?

Under the minimal guidance of the Commercial Credit Underwriting Manager, the incumbent performs independent financial analysis for all commercial loan request types regardless of size or complexity. This may include participation loans, specialized commercial & industrial and real estate investment / construction loans. Occasionally one may see tax credit (historical, state), municipal and non-profit lending requests. Accurately and consistently identifies underlying risks engaging in high level discussions with senior management as necessary. Incumbent ensures any deviations from commercial loan policy are noted and that work is in compliance with applicable laws, policies and regulations as detailed in the Commercial Loan Policy Manual. Incumbent serves as a mentor to junior analysts in the department, reviewing loan proposals as needed and preparing & facilitating departmental training. This individual would possess loan authority thereby having ability to approve or deny loan requests.

Essential Functions (3)

Manages pipeline through use of workflow application

  • Adheres to established Service Level Agreements (SLAs)
  • Manages timely receipt of current financial information and other pertinent information required to form complete loan package
  • Provides proactive and on-going communication with lenders regarding the status of their loans in the department’s pipeline

Analyzes financial statements for guarantors and businesses

  • Recognizes trends and can formulate appropriate responses regarding the feasibility of credit requests
  • Provides loan approval recommendations to the appropriate lending authority and as applicable, maintains lending authority over a level of their own work
    • Identifies, quantifies and shares business risks as well as key drivers of risk with lenders and senior management as warranted
    • Initiates discussions regarding the structure of complex loan requests including participations and multi-structure credit requests

Maintains various reports and updates data used to track performance

Other Duties and Responsibilities

  • Assists with coaching, training and leading staff or other bank personnel in credit and financial analysis techniques
  • Promotes the Kennebunk Savings Brand by recommending our products and services, supporting our community focus & commitment to being a premier employer
  • Understands, supports and adheres to applicable organizational policies/procedures and state/federal regulations
  • Consistently emphasizes the importance of teamwork in the department and company at large
  • Responsible for keeping abreast of company news and information
  • Responsible for completing required training and policy review
  • May serve on various committees
  • Willingness to take on additional tasks and duties

Desired Certifications & Licenses

  • Not applicable

Desired Knowledge, Skills & Abilities

  • Knowledge of financial accounting with ability to spread and analyze financial statements/tax returns from businesses and individuals
  • Knowledge of loan programs offered by government agencies such as FAME and SBA
  • Displays high level of regard for trust and confidentiality
  • Proficient in Microsoft Office Products
  • Displays strong written and verbal communication skills
  • Displays strong organizational skills and the ability to multi-task to meet established deadlines
  • Demonstrates a high level of accuracy and attention to detail
  • Effectively uses analytical skills to solve technical, as well as, non-technical problems
  • Prior knowledge of regulations within the financial services industry is preferred
  • Ability to adapt to change

Desired Job Experience

  • 5+ years of commercial lending/credit experience is preferred
  • Experience in a professional, service focused and fast-paced environment

Desired Education

  • Bachelor’s Degree in Accounting or Business is preferred

Working Conditions/Minimum Physical Requirements

  • Physical surroundings are generally pleasant and comfortable with minimal exposure to injury or other hazards
  • Dexterity of hands and fingers to operate a computer and other office equipment
  • Lifting and moving of moderately heavy objects on occasion
  • Normally seated for extended periods of time

Other details

  • Job family: Banking
  • Pay Type: Salary
  • Travel Required: No
  • Required Education: High School Diploma

External and internal applicants, as well as position incumbents who become disabled as defined under the Americans with Disabilities Act, or Maine/New Hampshire Human Rights Commissions, must be able to perform the essential job functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on a case-by-case basis.