UNDERWRITER I-III

Description

Summit State Bank is an award-winning Community Bank whose core values are based on making a positive impact on our employees, customers, and the communities we serve. Our employees are important to us, we provide rewarding career paths with competitive pay and excellent benefits. If you want to work for a Community Bank that values you and your contributions, we encourage you to apply.

We are looking for a Commercial Underwriter I-III to join our team. In this role, the Commercial Underwriter provides analysis of commercial and personal credit information from borrowers and guarantors to assess risk involved with lending to new and existing small business, commercial real estate, and construction clients. The ideal candidate will have keen attention to detail, excellent written and verbal communication skills and the ability collaborate effectively while maintaining professionalism, integrity and a commitment teamwork. This is an on-site, full-time position.

The Commercial Underwriter is responsible for a variety of functions which include, but are not limited to the following :

• Review loan submissions for adequacy of information and financials, verifying that application data is complete and meets establishment standards.
• Underwrite loan requests from $5MM to $20MM of low to high complexity by preparing credit authorizations and detailed credit analysis conforming to and in compliance with loan underwriting standards.
• Perform and document risk assessment on loan requests.
• Work directly with Lenders / Relationship Managers and, when needed, Borrowers to discuss issues, ask questions and make financial and covenant recommendations as necessary.
• Review and analyze appraisal assumptions and methodologies; incorporate appraisal information into Bank credit authorization. Evaluate and verify all collateral on all secured loans and prepare reports of findings.
• Work closely with all parties to assist and ensure procedures are followed and there is timely processing, credit approval, and closing of loan requests.
• Works closely with Loan Ops Department to ensure procedures are followed in the closing and funding of the loans.
• Performs financial analysis for financial covenant testing and annual term loan reviews.
• Recommends and drafts one-time and permanent waivers for RM and / or managing underwriter review.
• Clears ticklers, and draft default letters for RM and / or managing underwriter review.
• Construction Lending -

o Perform all aspects of General Contractor analysis and qualification.

o Create and maintain budget spreadsheets.

o Coordinate draw funding with Loan Ops staff.

o Works closely with managing underwriter on highly complex issues.

o Works independently with little or no oversight on low to moderate complex duties.

Minimum requirements : Bachelor of Arts (B.A.) or equivalent with a minimum of two years of related experience and / or training; or equivalent combination of education and experience. Pay Range : $80,000 - $120,000

Summit State Bank offers a generous benefits package that supports our employees' needs. Benefits offered include Medical, Dental, Vision, FSA, Life, AD&D and LTD coverage, employer HSA contributions of up to $4,000 annually and a 401(k) with employer-matching contributions. Summit State Bank also provides tuition reimbursement, wellness resources, internal mentorship programs and paid volunteer time off. All full-time positions are eligible for a minimum of three weeks of paid vacation annually.

All applicants should apply at our website :

Summit State Bank is an Equal Opportunity / Affirmative Action Employer and provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.