Senior Commercial Underwriter

Job description

Established in 1975, Financial Pacific Leasing, Inc. (a subsidiary of Columbia Bank), is a direct provider of small-ticket commercial equipment leases. FinPac originates business through partnering with vendors, third party originators and lessors nationwide. For over 50 years, these partners have relied on Financial Pacific to provide them with innovative financing solutions for their customers. About the Role: Underwrites new and renewal Commercial and Industrial (C& I) lease and loan credit requests comprised of equipment financing; most often from moderate-to-complex enterprises with revenues generally greater than $5 million. Collaborates with team members, Commercial Portfolio Managers, Client Solutions Managers, and Commercial Relationship Managers to accurately present findings, including business rationale and risk mitigations, in order to obtain credit approval and meet customer needs. Analyze business, industry, financial data and other supporting credit information concerning an applicant's credit request Identifies key business and financial risks that may impact the repayment prospects by the borrower Derives conclusions supporting the credit recommendation based on documented facts and/or sound judgement Prepare timely, concise and accurate credit recommendations, with limited supervision or revision. Includes: (1) quantitative components within the underwriting narrative documenting the credit analysis; (2) accurate use of risk rating scoring models (aka Dual Risk Rating), both quantitative and qualitative rating elements, to ensure customers and loans are properly risk-rated; (3) accurate identification and mitigation of all exceptions to Bank tracked policies exceptions (TPE), tracked guidelines exceptions (TGE), procedures and compliance regulations; and (4) accurate loan coding consistent with nature of the borrowing relationship and terms of the credit(s) Monitor borrower financial performance in line with commercial and/or real estate loan documents Spreads financial statement and/or ensures required financial statements are spread in accordance with Bank Guidelines and resulting covenant calculations are accurate, complete and adhere to approval conditions and loan documentation Collaborate with team members to ensure borrower notifications are sent and approvals are obtained to resolve any violations in a timely manner Partners with team members to offer insights into customer financial needs, including opportunities identified using Line of Business-approved relationship expansion tools May also offer opinions related to a loan structure's effectiveness to mitigate risks, appropriate to prevailing competitive market environment and Bank risk tolerances. Partners with team members in customer and prospect calls as appropriate May shadow manage a portfolio as part of training and development, with Underwriting Manager approval May oversee the work of other commercial underwriters or credit analysts, including the timely review of credit reports prepared by other underwriters to ensure a high level of report quality prior to submission for approval; findings to be captured via a standardized Quality Control (QC) Checklist and used to provide guidance and training to underwriters Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities - knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regul...