The Senior Commercial Loan Underwriter will underwrite commercial lending opportunities in an assigned territory, focusing on working capital lines of credit, equipment finance, and owner-occupied real estate. The Underwriter will maintain relationships with internal partners, providing support on portfolio management, risk ratings, and credit structure. The Underwriter will evaluate the credit worthiness of loan applications, making credit recommendations that help the Bank make decisions which minimizes risk to the bank while working to find solutions for the applicants. This job is responsible for constructing a credit memorandum which documents the analysis of credit data, identifies key risks and mitigating factors, and makes credit recommendations which are aligned with the organization's risk appetite.Key Responsibilities and Duties
Reviews and prepares commercial loan presentations ensuring files are complete and organized.
Reviews ongoing financial reporting and compliance requirements of existing commercial loan accounts.
Identifies, gathers, and analyzes information to assess credit risk and viability of sources of repayment to determine appropriate loan structure.
Makes recommendations regarding structure, risk ratings, and credit decisions to management, adhering to Bank’s policies and procedures.
Ability to identify strengths and weaknesses in capital, liquidity, loan structure, collateral, and management capability, using the information to assign credit risk rating.
Works in collaboration with relationship managers preparing and presenting credit approval memos with recommendations consistent with bank policy.
Responsible for performing ongoing review and management of the portfolio to identify and minimize risk to the Bank.
Performs multiple tasks for separate transactions accurately in a time critical environment.
Experience with cash and accrual basis accounting, financial statements and related documentation to create financial projections with reasonable assumptions.
Educational Requirements
University (Degree) Preferred
Work Experience
3+ Years Required; 5+ Years Preferred
Physical Requirements
Physical Requirements: Sedentary Work
Career Level7ICPreferred Qualifications
5+ years of experience in public finance underwriting
Extensive experience with Moody's QRATE tool
Knowledge of tax-exempt finance
Hybrid work is a minimum of four days a week, one flexible day for remote work.Posting End Date: 3/4/24#LI-AF1Company SummaryEverBank provides nationwide banking services to consumer and commercial clients through a variety of channels, including online and mobile applications, as well as its Florida-based financial centers.Benefits SummaryEverBank is committed to the well-being of its associates. That's why we offer a comprehensive Total Rewards package commensurate with the position and job-related qualifications, skills and knowledge. EverBank strives to pay wages competitive with those prevailing in our geographic areas and industry.EverBank's Total Rewards package includes superior benefits such as, health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being.EverBank prohibits pay discrimination on the basis of any protected characteristic.Pay Range $104,380 to $141,220EEO StatementEverBank, N.A. is an equal opportunity (EEO) employer, dedicated to maintaining a work environment free of bias, harassment, discrimination and retaliation. As an EEO employer, EverBank expressly prohibits discrimination, harassment and retaliation based on protected characteristics such as race, creed, ethnicity, color, age, religion, sex, sex stereotype, pregnancy, sexual orientation, gender, gender identity, gender expression, transgender status, marital status, national origin, ancestry, physical or mental disability, genetic history and information, or military or veteran status. Providing a safe, inclusive environment is a priority at EverBank and, consistent with that mission, EverBank considers all qualified applicants for employment regardless of protected status.We will not discharge or in any other manner discriminate against associates or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another associate or applicant. However, associates who have access to the compensation information of other associates or applicants as a part of their essential job functions cannot disclose the pay of other associates or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by us, or (c) consistent with our legal duty to furnish information.Machine Readable FilesThe Transparency in Coverage Final Rules require certain group health plans to disclose on a public website information regarding in-network provider rates and historical out-of-network allowed amounts and billed charges for covered items and services in two separate machine-readable files (MRFs). The MRFs for the benefit package options under are linked below:Machine Readable Files (MRFs) - Aetna