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Underwriter, Comm I

First Midwest, with assets over $14 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of commercial, retail banking, and wealth management services through some 130+ offices located in communities in metropolitan Chicago, Northwest Indiana, Central and Western Illinois, and Eastern Iowa. 




POSITION SUMMARY:


The Commercial Underwriter I is responsible for performing financial analysis and underwriting for lower to midlevel Commercial Banking loan transactions under supervision of a Commercial Underwriting Manager.  The Commercial Underwriter I is expected to provide clear, concise and accurate financial analysis and risk assessment for new and existing clients.  The role is also responsible for effectively interacting and building collaborative relationships with other banking professionals including commercial relationship managers, credit officers, administrative assistants, loan operations colleagues, appraisers and examiners.



REQUIRED EDUCATION, EXPERIENCE AND SKILLS:



  • Bachelor's degree in business with a major in finance or accounting.

  • Field Exam Experience preferred.

  • Strong analytical ability.

  • Strong organizational and multi-tasking skills.

  • Strong interpersonal skills and effective communication skills, both written and verbal.

  • Good customer service skills.

  • Minimum 1-3 years of experience in commercial credit analysis with demonstrated skills in areas such as cash flow and financial analysis.

  • Proficient in Microsoft Office programs and familiarity with financial spreading software.

  • Position may require the need to travel to other offices or client locations. 

  • Clearly communicate risk criteria, respond objectively and with confidence when challenged and involve the Underwriting Manager and/or Divisional Credit Officer as appropriate.


#CB



DUTIES/RESPONSIBILITIES:



  • Ability to conduct in depth review of balance sheet, income statement, other financial information, tax returns, business plans and projections to determine, independently that the borrower can generate income and cash flow sufficient to repay existing and proposed debt.

  • Ability to independently prepare well written approval presentations, including what is being requested, why it is being requested, the business and/or industry involved, the background and history of the business, risk and mitigating factors.  Such presentations should also justify assigned risk rating and show the Bank policies, procedures and regulations are met. 

  • Assist Commercial Relationship Managers (RMs) in managing workflow via a pipeline process with regard to the prioritization of new prospects, modifications, renewals/upcoming maturities, as well as Portfolio Reviews and Special Asset Reports while developing a working knowledge of all prospective opportunities through the process.



  • Interact with clients to ensure receipt of financial information necessary to support the underwriting process of Commercial Banking loans.



  • Accompany Commercial RMs on client and prospect calls in conjunction with completion of the underwriting process of Commercial Banking loans.

  • Review third party reports such as real estate appraisals, property condition and environmental reports, Field Exams and or property inspections and environmental investigations.



  • Monitor compliance with Financial Information Requirements, including analyzing and reporting Borrowing Base Certificates and Covenants in a timely manner.



  • Under the direction of the Underwriting Manager work with Rotational Development Program Participants to provide training on the nuances of client and financial analysis, including the underwriting process and presentation.



  • Maintain a network of financial and legal professionals to support the knowledge necessary to complete any necessary analysis.

  • Participate in all required training for compliance

  • Maintain adequate controls to ensure compliance with consumer protection statutes/regulations in a defined area of responsibility

  • Assist in training new team members which may include underwriters, relationship officers, administrative support and interns.



Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Please view Equal Employment Opportunity Posters provided by OFCCP here and Supplement here.





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