Job Description
Position Title: Commercial Underwriter / Credit Analyst
Location : Winchester, VA - fully on site
Assignment Type: Direct hire
Compensation : $75-85K depending on qualifications
Benefits : Addison Group's client has benefit offerings that include medical, dental, vision, and 401(k).
Job Description:
- Review incoming loan application files to ensure accuracy and completeness; flag missing documents and follow up with appropriate team members.
- Assist in identifying potentially fraudulent or suspicious applications.
- Analyze financial data provided by borrowers and guarantors, including credit applications, personal financial statements, tax returns (personal and business), and other relevant financial documents.
- Assess loan requests by evaluating both the strengths and potential risks of each file, and provide recommendations to approve, restructure, or decline the deal.
- Prepare loan packages for submission to lending partners, including writing credit memos, completing analysis worksheets (in Excel), and compiling financial documents into organized, bookmarked PDF files.
- Review feedback and questions from lending partners, and communicate important points to the credit, sales, or operations teams.
- Draft approval and decline letters; communicate loan terms, counteroffers, and conditions to the sales team or clients directly.
- Develop knowledge of the collateral involved in loan requests (such as aircraft), and assist in assessing its value using industry-standard valuation tools.
- Document all relevant interactions with clients, internal teams, and third parties (e.g., title companies, legal counsel, tax advisors, appraisers, banks) in our Salesforce CRM.
- Support the pre-closing process by gathering and reviewing necessary entity and collateral documentation, and resolving any outstanding financial conditions.
- Take part in managing the loan pipeline, ensuring all stakeholders (banks, sales, etc.) are kept up to date on the status of each deal.
Qualifications:
- 4-8 years' experience with commercial underwriting
- Strong Excel
- BS degree preferred in a related field (business, finance, accounting, etc.)
Job Tags