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Commercial Underwriting Training Program (Commercial Underwriter) in Dallas

Comerica Bank

This is a Full-time position in Dallas, TX posted July 31, 2021.

Commercial Underwriter Position OverviewThe 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
– 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 LOBs (Lines of Business); own deal analyses and execute workflow according to established SLAs (Service Level Agreements).

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 UCC (Uniform Commercial Code) searches as requested by 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 Manager and RM/PM.* Ensures appropriate loan approval document formats/attachments are used in accordance with approved process & procedures.* Other duties as assigned Position Qualifications: Minimum Qualifications * Bachelor’s Degree* Two (2) Accounting courses (minimum 6 units)* 1 year of experience in Microsoft Word, Excel, PowerPoint, and Outlook Preferred Qualifications * Bachelor’s Degree in Business, Economics or similar degree field.* Minimum two Accounting courses (6 units).* Overall GPA of 3.0 and 3.0 GPA in two Accounting courses.* 1 year of experience in Microsoft Word, Excel, PowerPoint, and Outlook* Demonstrated leadership and strong verbal and written communication skillsComerica Bank Tower8:00am
– 5:00pm Monday
– Friday

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