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Req ID:  5278
Location: 

Chicago, IL, US, 600631

Commercial Underwriter (Location Open)

FT/PT:  Full-Time

First Midwest, with assets over $20 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of commercial, retail banking, and wealth management services through some 120+ offices located in communities in metropolitan Chicago, Northwest Indiana, Central and Western Illinois, Eastern Iowa, and Southeast Wisconsin. 

POSITION SUMMARY:

(LOCATION OPEN, anywhere in the Chicago area)

The Commercial Underwriter II is responsible for performing financial analysis and underwriting for lower to midlevel Commercial Banking loan transactions with limited supervision of a Commercial Underwriting Manager.  The Commercial Underwriter II is expected to provide clear, concise and accurate financial analysis and risk assessment for new and existing clients.  The role is also responsible for effectively interacting and building collaborative relationships with other banking professionals including commercial banking officers, credit officers, administrative assistants, loan operations colleagues, appraisers and examiners.  
 

REQUIRED EDUCATION, EXPERIENCE AND SKILLS:

•    Bachelor’s degree in business with a major in finance or accounting.
•    Demonstrated ability to analyze financial statements, tax returns and repayment capacity.
•    Field Exam Experience preferred.
•    Strong analytical ability.
•    Strong organizational and multi-tasking skills.
•    Strong interpersonal skills and effective communication skills, both written and verbal.
•    Good customer service skills.
•    Minimum 4-6 years of experience in commercial credit analysis, including exposure to more complex transaction types.
•    Proficient in Microsoft Office programs and familiarity with financial spreading software.
•    Position may require the need to travel to other offices or client locations.  
•    Clearly communicate risk criteria, respond objectively and with confidence when challenged and involve the Underwriting Manager and/or Divisional Credit Officer as appropriate.

#LI-TP1


 

DUTIES/RESPONSIBILITIES:

•Ability to conduct in depth review of balance sheet, income statement, other financial information, tax returns, business plans and projections to determine, independently that the borrower can generate income and cash flow sufficient to repay existing and proposed debt.
•Takes initiative to independently prepare well written approval presentations with minimal supervision, including what is being requested, why it is being requested, the business and/or industry involved, the background and history of the business, risk and mitigating factors.  Such presentations should also justify assigned risk rating and show the Bank policies, procedures and regulations are met.  
•Seeks out more complicated transaction to gain a wider understanding. 
•Pays attention to market trends and notes important changes in order to understand potential risks.
•Assist in developing rotational analysts (LEADs) and new team members by providing training and answering questions. 
•Actively assisting with special projects as workflow allows.
•Completes tasks on a timely basis relative to receipt of information. 
•Maintain a network of financial and legal professional contacts. 
•Actively participates in discussion on team calls.
•Participate in all required training for compliance
•Maintain adequate controls to ensure compliance with consumer protection statutes/regulations in a defined area of responsibility
•Accompany Commercial RMs on client and/or prospect calls in conjunction with completion of the underwriting and portfolio management process of Commercial Banking loans.
•May function as a Team Lead to underwriters in remote locations.

 

Portfolio Manager Specific Duties:
•Assist Commercial Relationship Managers (RMs) in managing Portfolio Reviews and Special Asset Reports while developing a working knowledge of all prospective opportunities through the process.
•Takes ownership and monitors compliance for assigned portfolio (receive financials, BBCs, portfolio reviews, and covenants) 
•Conduct frequent risk assessment and rating of portfolio.
•Begins to develop rapport with Customers to obtain financials and start asking performance related questions with guidance from Relationship Managers. 
•Actively participates in discussion on team calls.
•Review third party reports such as real estate appraisals, property condition and environmental reports, Field Exams and or property inspections and environmental investigations.
•Make observations on meaningful trends and escalate when necessary.
•Thinks independently, leads process for waivers or loan modifications.
•Assists in standardizing templates for monitoring. 
•Prepares information for upcoming renewals.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Please view Equal Employment Opportunity Posters provided by OFCCP here and Supplement here.


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