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Commercial Underwriting Program (Underwriter) Houston, TX

Company: Comerica
Location: Houston
Posted on: November 22, 2021

Job Description:

Welcome!

We invite you to explore the award-winning culture, people, rewards and opportunities that make Comerica Bank so special. Make your next career choice a confident one.

Qualifications

Position Qualifications:

Minimum Qualifications

  • Bachelor's Degree
  • Two (2) Accounting courses (minimum 6 units)
  • 1 year of experience with Microsoft Office Applications (Microsoft Word, Excel, PowerPoint, Outlook)

    Preferred Qualifications

    • Bachelor's Degree in Business, Economics, or similar degree field
    • Minimum of two Accounting courses (6 units)
    • Overall GPA of 3.0 and 3.0 GPA in two Accounting courses
    • 1 year of experience with Microsoft Office Applications (Microsoft Word, Excel, PowerPoint, Outlook)
    • Demonstrated leadership and strong verbal and written communication skills

      Job Description

      Commercial Underwriter
      Position Overview
      The Commercial Banking Underwriting Program provides a structured learning opportunity for individuals (Underwriters) to learn and develop technical underwriting skills. Underwriters participate in an approximately 18 to 24-month training program, including orientation, formal underwriting training, and a formal mentorship with an Underwriting Officer. Underwriters complete evaluation and documentation of the loan requests for assigned Lines of Business (LOBs); own deal analyses and execute workflow according to established Service Level Agreements (SLAs). Underwriters assist in the on-going monitoring of the credit exposure for assigned relationships, including renewals, reaffirmations, and annual risk ratings.

      Position Responsibilities:
      Credit

      • Acquires technical skills through structured curriculum and apply knowledge and skills to on-the-job assignments.
      • Provides complete analysis of loan package for new deals, as well as reviews of existing relationships, utilizing the various underwriting methods as established by Credit Administration.
      • Prepares list of questions and summary of outstanding issues when underwriting loan requests with Underwriting Officer or Manager guidance.
      • Prepares loan packages; writes Officer and/or Credit comments with assistance from Relationship Manager (RM) or Portfolio Manager (PM); and provides complete credit documentation of the loan application by utilizing loan approval documents and other various addendums as established by Credit Administration.
      • Applies appropriate loan structures; prepares collateral charts, cash flows, risk ratings, and other pertinent attachments.
      • Provides industry analysis, spreads financial statements, and identifies and analyzes inconsistencies and inaccuracies within the customer provided financial statements.
      • Evaluates strengths and weaknesses of the credit and escalate risks and other issues, where appropriate while assisting the RM/PM with contacting customers to obtain answers for loan analyses. These responsibilities are to be completed with Underwriting Officer or Manager guidance.
      • Meets the service level agreements for volumes, accuracy, and timeliness. Minimizes errors and reword situations.
      • Understands and applies relevant credit policies to the underwriting process.
      • If applicable, recommend effective loan covenants to monitor financial performance and regularly calculate covenant package to ensure compliance.
      • Accurately completes risk ratings.

        Administration

        • Where applicable, monitors loan covenants and tracking in conjunction with the Credit support team for assigned relationships.
        • Shares responsibility with Credit Support Specialists for performing OFAC checks and identifying issues.
        • Investigates title searches, surveys, and Uniform Commercial Code (UCC) searches as requested by the Manager, Underwriting Officer, or RM/PM.
        • Comply with regulatory requirements; Complete and apply required credit, regulatory, system, and process training.

          Process Sustainability

          • Adhere to department procedures for workload management and strives to meet or exceed SLA and when not feasible, communicates to the Manager and RM/PM.
          • Ensures appropriate loan approval document formats/attachments are used in accordance with approved process procedures.
          • Other duties as assigned

            About Comerica

            We know that our employees are critical to our overall success. We are dedicated to investing in their future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels. Your salary will be commensurate with your work experience.

            Upon offer, Comerica conducts a comprehensive background check, fingerprint check and a drug test.

            NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

            Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by the Business Bank, the Retail Bank, and Wealth Management. Comerica's more than 9,000 colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

            Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.

Keywords: Comerica, Houston , Commercial Underwriting Program (Underwriter) Houston, TX, Other , Houston, Texas

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