AVP - Commercial Credit Underwriter

Welcome to PeoplesBank! We are the largest mutually chartered bank in Western Mass and Northern Connecticut and a leader in green values, sustainable energy financing, and charitable giving. We operate in the best interest of our customers and strive to be an inclusive and engaging work environment. We offer excellent compensation, workplace flexibility, and a competitive benefits package to our associates. Our award-winning culture has earned us recognition as Best Place to Work and Best Local Bank. Come join our team of dedicated and innovative individuals and contribute to our dynamic, successful organization.

Summary: The AVP Commercial Credit Underwriter will be a leader on the commercial lending team that thoroughly analyzes the information of borrowers to recommend loan structures and renewals. This position will act as a mentor to junior team members and provide guidance while also working on their own more complex projects.

Essential Duties and Responsibilities include the following. Other duties may be assigned

• Evaluates the financial condition of applicants for commercial loans with the bank. Analyzes data on new, renewal, and existing loans, including data provided by credit bureaus, other banks and bank files. Completes renewals and new/increases limit request for ACH and RDC. Also reviews vendor relationships.
• Spreads and analyzes the financial statements of borrowers, computes ratios and recommends loan structures with consideration of policy and appropriate primary and secondary sources of repayment. Typically, more complex analyses are assigned to this position.
• Assists in the training of new credit personnel and provides input for policy. In the absence of the Credit Risk Manager will coordinate L & I Meetings, complete reports, review the work product of junior analysts or any other critical tasks which may require attention in the manager's absence.
• Orders and analyzes credit reports from credit reporting agencies (such as Experian). Under RMA guidelines, responds to credit inquiries on both borrowing and non-borrowing commercial accounts.
• May participate in customer / prospect calls as part of information-gathering team. Will interface with customers or their representatives to discover in the underwriting process.
• Reviews appraisals for transactions less than $750,000.
• Assists in maintaining and producing a variety of reports about the commercial portfolio of the Bank.
• Completes all yearly compliance training and testing and complies with bank, federal, and state regulations. Complies with Bank Policies and Procedures. Adheres to departmental and bank-wide service standards
• Adheres to departmental and bank-wide service standards. Complies with Bank Policies and Procedures
• Offers support to other members of the department by providing guidance, mentoring and training as needed.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and/or Experience:Bachelor's degree (B. A.) from four-year college or university and, at minimum, 5 years experience in underwriting a variety of credits; both commercial real estate as well as C & I; or equivalent combination of education and experience

Skills needed:

• Ability to calculate figures and amounts such as discounts, interest, commissions
• Ability to write reports, business correspondence, and procedure manuals.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• Act a mentor for junior members on team and provide leadership in the absence of the FVP-Credit Underwriting Manager.
• Must maintain a advanced knowledge of lending procedures and policies.

Certifications, Licenses and/or registrations: N/A

Computer Skills: Knowledge of computer applications including Word and Excel

Work Environment and Physical Demands The working conditions and physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the associate is regularly required to sit; use hands to keyboard; and hear and speak. The associate is frequently required to stand, walk, stoop, reach, grasp or pull. The associate is occasionally required to lift, carry, kneel, crouch, and travel.