Sr. Business Underwriter
Sr. Business Underwriter
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Job Description
This position requires you to work in the office Monday-Friday. The job is located in the Vern Riffe building 77 South High St. Columbus OH 43215
At the State of Ohio we take care of the team that cares for Ohioans. We provide a variety of quality competitive benefits to eligible full-time and part-time employees*. For a list of all the State of Ohio Benefits visit ourTotal Rewards website! Our benefits package includes:
- Medical Coverage
- Free Dental Vision and Basic Life Insurance premiums after completion of eligibility period
- Paid time off including vacation personal sick leave and 11 paid holidays per year
- Childbirth Adoption and Foster Care leave
- Education and Development Opportunities (Employee Development Funds Public Service Loan Forgiveness and more)
- Public Retirement Systems (such as OPERS STRS SERS and HPRS)&Optional Deferred Compensation (Ohio Deferred Compensation)
*Benefits eligibility is dependent on a number of factors. The Agency Contact listed above will be able to provide specific benefits information for this position.
Ohio is a Disability Inclusion State and strives to be a model employer of individuals with disabilities. The State of Ohio is committed to providing access and inclusion and reasonable accommodation in its services activities programs and employment opportunities in accordance with the Americans with Disabilities Act (ADA) and other applicable laws.
1. Bachelors Degree in Finance or Accounting.
2. At least 2 years of recent commercial and business lending experience.
3. At least 2 years of recent finance manual underwriting experience with self-employment income including evaluating self-prepared financial statements i.e. profit and loss statements.
4. At least 2 years of recent spread and review of financial statements tax returns (1120-S and 1065) and debt service analysis.
5. Knowledge of underwriting policies and risk assessment techniques.
6. Experience and familiarity with reviewing appraisals helpful.
7. Economic development/business development experience helpful.
8. Excellent written verbal & interpersonal communication skills and analytical skills.
9. Ability to work independently and manage multiple cases simultaneously.
10. Proficiency with using MS Office.
The State of Ohio is a drug-free workplace which prohibits the use of marijuana (recreational marijuana/non-medical cannabis). Please note this position may be subject to additional restrictions pursuant to the State of Ohio Drug-Free Workplace Policy (HR-39) and as outlined in the posting.
The SR. BUSINESS UNDERWRITERwill work as part of the business underwriting team and will be responsible for making credit decision recommendations on loan applications for a variety of State financing programs. The position will include spreading and analyzing financial statements preparing credit memos and loan write-ups for various committees and board approvals. The Sr. Business Underwriter will work closely with other teams to ensure that all underwriting guidelines are met the departments risk management standards are upheld and the financial interests of the department are protected while empowering Ohio Communities to succeed.
Review and analyze financial statements tax returns credit reports and other relevant documentation to evaluate the financial health and risk level of prospective borrowers.
Assess credit risk by determining financial ratios credit scores and other key metrics.
Prepare detailed reports and recommendations on loan applications.
Maintain and update records for underwriting files and ensure accurate documentation.
Monitor existing loan portfolios and assist in managing the Departments risk exposure.
Collaborate with other teams to resolve issues or improve processes.
Builds constructive working relationships between Development offices
Required Experience:
Senior IC
Employment Type
Full-Time
