Commercial Loan Underwriter

About this role

• About Patelco Credit Union: Patelco Credit Union is a not-for-profit credit union with a purpose to build financial health and wellbeing for our members.
• Since 1936, Patelco has grown from $500 in assets to over $9 billion in assets and is the 7th largest credit union in California with branches throughout Northern California.
• We are here for our members throughout all their stages of life.
• Meeting them with the products and services to help them plan purposefully for their futures and to secure our life-long partnership as their trusted financial advocate.
• As one team, we are all committed to delivering service, empowering financial literacy, creating products, and providing new technology for our members.
• We believe that work should be rewarding, challenging, and enjoyable.
• We're dedicated to creating a positive and supportive culture where our team members can thrive.
• If you're looking to use your skills and knowledge to make a difference in our members' lives, Patelco could be the perfect fit for you.
• Overview: In this role, responsibilities will include supporting the lending activities of the Member Business Loan department by providing insightful and timely credit analysis of prospective and current borrowers.
• Responsibilities: **Essential Duties** * Perform an in-depth underwriting analysis of each borrower's character, credit worthiness, and financial condition.
• * Provide analytical support to senior lending personnel.
• * Analyze financial statements and related material to prepare written credit analysis of individual and corporate borrowers.
• * Prepare approval memorandums for presentation to appropriate lending authorities.
• * Conduct and present industry research.
• * Interact with servicing institutions or organizations at the direction of the senior credit personnel.
• * Investigate all available sources of credit and financial information, including reporting services, credit bureaus, and agencies.
• * Perform specific portfolio analysis at the direction of senior credit personnel.
• * Assist with committee and Board of Director reporting.
• * Develop credit information for use by senior credit personnel in lending decisions on new loans, renewals, and extensions.
• * Prepare summaries, present facts, and offer opinions concerning credit worthiness.
• * Ensure that all credit files are organized and include current information.
• * Analyze commercial property financial information to determine actual income, expenses, and projected debt service.
• * Review credit reports, appraisals, environmental reports, title reports, and other documents for collateral property.
• * Document approval actions.
• * Perform interim and annual reviews of individual loans to determine the appropriate grading.
• * Contribute to organizational projects and improvement initiatives.
• * Conduct, or assist with, off-site due diligence reviews on third-party servicers.
• * Conduct, or assist with, off-site inspections of commercial real estate collateral.
• * Provide input and suggestions relating commercial workout and restructure situations.
• * Administer a portfolio loans for initial and ongoing performance and compliance to policy.
• * Understand and comply with all applicable federal and state laws and banking regulations (including those related to OFAC and Bank Secrecy Act / Anti-Money Laundering compliance) and Patelco Credit Union's policies and procedures.
• **Functional** **Competencies** * Developed knowledge of credit and financial research and analysis techniques.
• * Strong understanding of loan risk factors.
• * Strong written and oral communication skills.
• * Strong ability to effectively discuss complex loan related matters.
• * Ability to establish and maintain effective working relationships with internal and external contacts.
• * Ability to work on multiple projects/loans simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
• * Demonstrated proficiency and capability in word processing and spreadsheet software.
• * Ability to maintain the confidentiality of credit and customer information.
• * Strong understanding of workout and restructure regulatory guidance.
• * Strong understanding of accounting guidance and pronouncements related to loan origination and administration.
• Qualifications: **Minimum Qualifications** * Bachelor's degree in the areas of Finance, Accounting, or related major required.
• * Three of more years' experience working with commercial or business lending portfolios preferred.
• * Math aptitude and analytical skills required.
• * Knowledge of general accounting principles required.
• * Knowledge of SBA guidelines, processes, and regulations governing servicing actions preferred.
• **Physical Activities/Requirements** * This position is located in Dublin HQ Target Base Pay: $92,028 - $115,032/ yr Compensation at Patelco: Please note that the salary information is a general guideline only.
• Patelco Credit Union considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as market and business considerations when extending an offer.
• We offer a competitive total rewards package including a Short-Term Incentive (STI) program for all regular positions and a wide range of medical, dental, vision, financial, and other benefits.
• We Offer: **Physical Health:** * Exceptional Medical, Dental, Vision, and Life Insurance benefits * Rewards for completing wellness related activities **Financial Health:** * Competitive compensation packages with bonus opportunity * 401(k) with 3% Safe Harbor and 5% employer match * Discounts on loan products * Tuition reimbursement **Emotional Health:** * Employee Assistance Program (EAP) * PTO for part-time and full-time positions * Paid holidays **Personal Development:** * On-the-job training and skills development * Internal transfer opportunities for career growth * Volunteer work Patelco Credit Union is an Equal Opportunity Employer including individuals with disabilities and protected veterans IND123

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