Underwriting Associate responsible for underwriting analysis and documentation for Property and Casualty insurance. Collaborating across teams to enhance underwriting processes and drive business growth.
About the role
- Manager of credit analysis and underwriting for Business Credit Center loans, ensuring compliance with policies and collaborating with various Bank functions.
Responsibilities
- Responsible for the credit analysis and underwriting of new Business Credit Center loans including C&I loan requests up to $7.5 million and Investment Real Estate requests up to $10 million.
- Ensure the accuracy of credit data in loan onboarding systems.
- Establish proper risk ratings, compliance with credit and other bank policies, and train new staff members.
- Prepare high quality, detailed credit approval documents that contain an in-depth analysis, an understanding and identification of credit issues/risks as well as an accurate risk rating assignment.
- Decision loan requests in accordance with the bank’s loan policies and procedures including formal and informal risk appetite statements.
- Spread and provide analysis of financial statements, tax returns, and projections, as well as a review of supporting materials including leases and rent rolls.
- Collaborate with Relationship Managers to ensure an understanding of customer financing needs and to request additional information as necessary to support a credit decision.
- Engage with customers and Relationship Managers to discuss credit inquiries and gain additional insight into the client’s business operations.
Requirements
- Bachelor’s Degree required - Business, Finance, Accounting or Economics preferred
- 5-8 years of experience in commercial loan underwriting
- Strong credit skills required with the ability to quickly identify key risks, develop and document mitigating support, and making credit recommendations
- Familiarity with commercial & industrial as well as investment real estate markets and transaction structures
- Knowledge of SBA financing programs
- Ability to independently prioritize workload and execute problem resolution strategies with minimal management support
- Ability to multi-task, prioritize work to meet deadlines and work both independently and within a team structure
- Strong organizational, communication, time management and collaboration skills.
Benefits
- Flexible work arrangements
- Professional development opportunities
- Incentive compensation
Job title
Job type
Experience level
Salary
Degree requirement
Location requirements
Underwriting Assistant supporting a team of underwriters in processing endorsements and underwriting data. Focused on customer servicing and contributing to profitability goals.
Underwriting Assistant handling policy bookings and underwriting tasks at Crum & Forster. Collaborating with agents and underwriters to ensure compliance and efficiency.
Underwriting Associate Manager managing underwriting associates across multiple regions and segments for CNA. Ensuring underwriting life cycle is executed efficiently and achieving business results.
Intern focused on legal research and support of underwriting decisions in real estate law. Gaining practical exposure in a corporate underwriting setting with mentorship from experienced legal professionals.
Underwriting Tech I assisting with personal lines insurance at Orchid Insurance, learning underwriting skills under mentorship. Gaining knowledge of risk decisions and client relationship management in a team environment.
Senior Underwriting Assistant at Mission Underwriting Services supporting underwriting decisions and preparing policies. Analyze risks and assist in the underwriting process effectively.
Junior Underwriting Analyst in a leading insurance company managing D&O insurance evaluations and providing support to the commercial team. Requires expertise in insurance underwriting and risk analysis.
Contract Surety Home Office Underwriting Director overseeing underwriting standards and maintaining a loss - free portfolio. Leading a team while engaging with regional offices and C&F leadership.
Strategic Distribution and Growth Lead at Zurich Canada focusing on broker and customer partnerships while supporting market expansion. Analyzing risks and enhancing client engagement for business growth.