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Commercial Underwriting Officer III - Middle Market

Commercial Underwriting Officer III - Middle Market

Detroit StaffingDetroit, MI, US
20 hours ago
Job type
  • Full-time
Job description

Commercial Underwriting Officer III

The Vice President, Commercial Underwriting Officer III plays an integral role in the loan approval process by providing credit decision makers with in-depth risk analysis to make informed credit decisions for the bank. Our Commercial Underwriting Officers underwrite and handle documentation for a variety of large and complex loan requests from assigned Lines of Business. They are responsible for monitoring credit exposure for assigned relationships, including renewals, reaffirmations and annual risk ratings.

Team Structure and Development Opportunities :

  • Professional career development through assessments, coaching, team building, and mentoring
  • Exposure to senior and executive leadership
  • Collaborative and supportive team environment
  • Gain in-depth knowledge of lending and non-lending products and services, including Treasury Management, Wealth Management, International Trade Services, Foreign Exchange, and Global Capital Markets.

Lines of Business : Business Banking, Middle Market, Private Banking, Commercial Real Estate, Large Corporate, Technology Life Sciences, Equity Fund Services, Environmental Services, Mortgage Banker Finance, International, National Dealer Services, Energy

Team Footprint : Costa Mesa, CA; San Jose, CA; Detroit, MI; Dallas, TX; Houston, TX

Key Responsibilities :

  • Analytics : Identify and analyze inconsistencies and inaccuracies in customer data, including spreads, aging's, projections and other financial documents. Ensure complete and thorough analytical narrative and commentary on requests and provide recommendations on structural enhancements to mitigate risk or help win business. Evaluate strengths and weaknesses within each credit request and escalate risks and other issues to the Manager of Commercial Underwriting and / or Relationship Manager or Portfolio Manager.
  • Administration : Calculate loan covenants and assist with tracking on complex transactions in conjunction with Credit Support Center teams for assigned relationships. Follow-up with Relationship Manager or Portfolio Manager on violations and provide recommendation for waiver, modification or cure. Investigate title searches, surveys and Uniform Commercial Code searches as requested by the Manager of Commercial Underwriting or Relationship Manager / Portfolio Manager. Work with Portfolio Manager and loan closing team as needed to resolve issues.
  • Process Sustainability : While maintaining a strong understanding of Comerica processes, ensure that Line of Business and self are adhering to proper procedures. Meet or exceed established Service Level Agreements. Ensure appropriate Record Evidencing Credit Approval Package formats are used in accordance with approved process and procedures. Recommend process improvements in support of continuous improvement culture within Commercial Underwriting.
  • Qualifications :

  • Position Qualifications :
  • Bachelor's Degree
  • 6 years of commercial underwriting, credit and / or lending experience + Completion of a Commercial Credit Training program OR 8 years of commercial underwriting, credit and / or lending experience
  • 7 years of experience with Microsoft Office applications (Word, Excel, PowerPoint, Outlook)
  • Seeking candidates with :
  • Strong analytical skills
  • Excellent verbal and written communication skills
  • Time management skills and ability to handle multiple assignments
  • Bank Overview :

    Comerica is the largest U.S. commercial bank headquartered in Texas with a focus on relationships and helping people and businesses be successful. With over 170 years of success, Comerica's longevity is a testament to its strong relationship focus, integrity, and dedicated workforce more than 7,800 colleagues, who serve as Comerica's ambassadors in the community. At Comerica, our colleagues are essential to our success. We strive to provide you with the opportunity to grow and develop, both personally and professionally, by offering a wide range of programs that are designed to recognize, reward and develop you throughout your career. Comerica demonstrates its commitment to the communities it serves through a strong culture of diversity and inclusion, community investment and environmental commitment. We are recognized as one of the most community-minded companies in the nation by Points of Light, earning a Top 10 ranking in Newsweek's list of America's Most Responsible Companies, and ranked by DiversityInc- as Top 4 regional companies for diversity.

    About Comerica

    We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure. Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI's Record of Arrest and Prosecution Background ("RAP Back") service, which provides ongoing notification to the Company of any updates to your criminal history.

    NMLS certification requirement : where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

    Comerica Incorporated (NYSE : CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica is proud to be an Equal Opportunity Employer-disability / veteran

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