Credit Underwriter Job at Calculated Hire, Chicago, IL

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  • Calculated Hire
  • Chicago, IL

Job Description

Credit Underwriter – Law Firms and Professional Services

  • Location: Chicago, IL

Provides a superior level of customer service and portfolio management in lending services for all existing and potential clients and in support of a team of specialists and relationship managers. Provides technical expertise for proactive credit analysis, structuring, decisions, and portfolio monitoring. Applies lending expertise to a lending and deposit portfolio of accounts or part of the lending process (e.g. underwriting, funding, monitoring).

  • Identifies cross-selling opportunities to increase client penetration for banking, investments and deposits.
  • Prepares new business proposals or presentations to clients/prospects.
  • Participates in activities for client meetings and account opening documentation.
  • Assists with the development of client communications as required.
  • Identifies and recommends workflow process alternatives that can lead to improved efficiency and service levels.
  • Ensures timely resolution of all client questions and concerns, both internal and external.
  • Performs client sales & service support activities as required to meet client needs and maintain overall service standards.
  • Determines client needs and ensures timely and accurate completion of transaction processing.
  • Provides after sales support and handles exceptions tactfully, accurately and efficiently in accordance with Bank policy.
  • Reviews and provides feedback and best practices about client solutions and credit structure.
  • Maintains detailed knowledge and understanding of the integrated private banking services and offerings and lending procedures.
  • Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
  • Collaborates with internal and external stakeholders in order to deliver on business objectives.
  • Completes comprehensive analysis for risk, financial and profitability rating and assessments.
  • Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
  • Monitors and tracks performance, and addresses any issues.
  • Designs and produces regular and ad-hoc reports, and dashboards.
  • Implements and monitors procedural and policy changes as required.
  • Manages operational audits and controls for banking and account administration.
  • Manages day to day portfolio administration activities through the completion of a wide variety of credit, non-credit, and related activities.
  • Monitors the timely and accurate setup & maintenance of accounts, including account setups, collateralization, and documentation.
  • Provides input into the planning and implementation of operational programs.
  • Executes set-up, maintenance, and advancement of lending products and related account administration as per guidelines.
  • May specialize as either a funding specialist or a credit underwriting specialist.
  • As a funding specialist, facilitates the funding process acting as a final and independent control point for legal documentation and ensures that the security/legal documentation reflects what was approved; all terms and conditions noted in the credit application have been met; proper execution/perfection of all documents prior to funding/releasing funds; assesses significance of any security or conditions shortfalls, credit and fraud risks.
  • As a credit underwriter, focuses on underwriting and making recommendations loan applications; interacting directly with Clients, Prospects, Bankers and Risk Management to provide expertise regarding the adjudication of applications.
  • Mitigates identified risks and makes credit recommendations/decisions in accordance with sound credit-granting principles and compliance with the Bank’s philosophy and principles outlined in corporate risk policy and supporting policies and procedures.
  • Identifies and escalates irregularities and discrepancies to management as per guidelines.
  • Participates in assigned audits and compliance reviews.
  • Ensures proper adherence to the code of conduct and ethical guidelines.
  • Follows security and safeguarding procedures and applies appropriate due diligence for the prevention of loss due to fraud, counterfeiting money laundering or defalcation in accordance with Bank policy.
  • Protects the Bank’s assets by adhering to all banking, investment and lending regulations, policies, and procedures, legal and ethical requirements, process requirements, bank guidelines, and established risk guidelines.
  • Focus is primarily on business/group within client's may have broader, enterprise-wide focus.
  • Exercises judgment to identify, diagnose, and solve problems within given rules.
  • Works independently on a range of complex tasks, which may include unique situations.
  • Broader work or accountabilities may be assigned as needed.

Qualifications:

  • Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • Commercial Loan and Underwriting experience in a financial services environment.
  • In-depth knowledge of personal (primarily) and commercial credit and non-credit products, monitoring/operational processes and applications.
  • In-depth understanding of loan and security documentation, including registration and renewal routine.
  • If a Credit Qualifiable job, Credit Qualifications and associated credit knowledge and skills according to the credit portfolio requirements and qualification standards.
  • Technical proficiency gained through education and/or business experience.
  • Verbal & written communication skills - In-depth.
  • Collaboration & team skills - In-depth.
  • Analytical and problem solving skills - In-depth.
  • Influence skills - In-depth.
  • Data driven decision making - In-depth.

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