Commercial Loan Underwriter Job Listing at Travis Credit Union in Vacaville, CA (Job ID oMRnvfwf)

Description

Summary: Travis Credit Union's (TCU) Small Business and Commercial Loan Underwriter is responsible for analyzing and underwriting small business and commercial loans. This role plays a critical part in ensuring that all loans are originated and managed in a safe, sound, and strategic manner, aligning with TU's commitment to responsible lending practices while providing exceptional member service.   Profile:

• Structures and underwrites small business and commercial loans of varying complexity, including those involving multiple collateral types, entity structures, associated borrowers, and guarantors for a wide range of small business and commercial loan types, including but not limited to Commercial Real Estate (CRE), Commercial and Industrial (C&I) SBA 7(a) and 504 loans.
• Prepares and presents formal credit presentations that detail the strengths, weaknesses, and mitigating factors, and makes recommendations for approval/denial to the applicable approval authority.
• Evaluates relevant third-party reports to substantiate collateral values, environmental risks, as well as industry and economic risks.
• Maintains knowledge of small business and commercial real estate lending trends and industry best practices, and ensures loans are underwritten in compliance with all applicable regulations, policies, and procedures.                                                                                                     

• Demonstrable ability to conduct in-depth financial analysis, including tax return analysis, of small business and commercial loan applicants, including multi-year and projected cash flow trends to evaluate the applicant's ability to repay the loan in an orderly fashion.
• Proficiency in calculating key loan metrics, such as debt service coverage ratios (DSCR), global debt service coverage ratios (GDSCR), and loan-to-value (LTV) ratios using varying cash-flow methods such as Net Operating Income (NOI) Cash Flow, Traditional Cash Flow, and Uniform Credit Analysis (UCA) Cash Flow.
• In-depth understanding of various loan types, including CRE, C&I, and government-guaranteed programs like SBA 7(a) loans.
• Ability to spot inconsistencies or red flags in financial data and documentation.
• High level of accuracy in preparing credit presentations.
• Proficiency in assessing complex loan structures and forecasting potential risks.
• Capacity to perform sensitivity analyses and scenario modeling.
• Strong written and verbal communication for preparing clear, concise credit memos and discussing decisions with stakeholders.
• Ability to explain underwriting decisions to internal teams.
• Confidence in making sound credit recommendations or decisions independently, based on thorough analysis.
• Ability to balance risk and reward while adhering to lending policies.
• Familiarity with financial and underwriting software (e.g., Moody's CreditLens, Sageworks, or similar platforms).

• Reports directly to assigned department leadership.
• 7–10 years of commercial and small business underwriting experience.
• Underwrites a wide range of commercial loan types including CRE (owner-occupied and investment), C&I, and complex SBA loans.
• Possesses extensive knowledge of NCUA, OCC, and FDIC commercial lending rules and regulations and high-level understanding of government guarantee loan programs.

Requirements:

• Commercial Loan Underwriter 
  • Reports directly to assigned department leadership.
  • 7–10 years of commercial and small business underwriting experience.
  • Underwrites a wide range of commercial loan types including CRE (owner-occupied and investment), C&I, and complex SBA loans.
  • Possesses extensive knowledge of NCUA, OCC, and FDIC commercial lending rules and regulations and high-level understanding of government guarantee loan programs.
• Senior Commercial Loan Underwriter 
  • Reports directly to assigned department leadership.
  • 10+ years of underwriting experience with a strong focus on commercial and government-guaranteed loans
  • Handle the most complex and high-value loan applications, including aggregate exposures exceeding $5 million.
  • Exceptional knowledge of regulatory frameworks and risk management practices.

• Compensation: Base hourly starting range is commensurate with experience.
   
  • Commercial Loan Underwriter - Grade 19: $54.45/hour - $67.26/hour Non-Exempt
  • Sr. Commercial Loan Underwriter - Grade 21: $135,941.52/annually - $167,918.40/annually Exempt
    Our compensation philosophy is based on several factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, and key skills.  At Travis Credit Union, our priority is that our employees and their loved ones are provided with a Total Rewards program that insures their health and welfare safety which allows our employees to focus on the financial welfare of our members and the credit unions objectives.  As such,  Travis Credit Union offers a robust benefits package to our eligible employees, including competitive medical, dental, and vision insurance, mental health offerings, employee performance incentive plan, merit increases, 401(k) program with immediately vested employer match, generous holiday and vacation policy, and extensive TCU specific perks like employee loan and credit card discounts!     Travis Credit Union is an Affirmative Action Employer  EOE/Individual with Disability/Veteran Status 

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