Commercial Credit Underwriter (1mm-10mm commitments)

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Job Summary
The Commercial Credit Underwriter (1mm- 10mm commitments) is an individual contributor experienced in and responsible for gathering analyzing and interpreting various types of credit information on existing and prospective customers to determine credit worthiness. While under supervision of Underwriting Team Leaders the Commercial Credit Underwriter assists in structuring new requests for extensions of credit as well as completing extensions renewals and making recommendations for deteriorating credits while independently managing their workflow and communication with field partners. Commercial Credit Underwriter are responsible for assessing the degree of risk within a given business and recommending client credit solutions to maintain the banks asset quality while ensuring compliance with credit policy and guidelines. Commercial Credit Underwriters are required to make loan decisions within an assigned lending authority and provide educated well-thought-out recommendations when higher-level approval is needed.

Essential Functions

• Evaluate loan requests to properly identify purpose risk elements and collateral adequacy.
• Assess the liquidity quality of management market position industry and overall business climate to estimate future profitability of business.
• Analyze credit data financial statements (cash flow balance sheet income statements) and tax returns (both personal and business) to determine creditworthiness and the degree of risk involved in extending credit or lending.
• Apply accounting principles to financial modeling.
• Input interpret and assess risk rating model output and client data to develop a credit recommendation.
• Develop the credit write-up to make loan structuring decisions within delegated authority or make recommendations to the appropriate Credit partners/Officers; document and communicate findings providing relative guidance.
• Identify deteriorating credits early and escalate with well thought out/experienced recommendations for restructure.
• Initiate annual reviews.
• Review loan documentation to ensure loan documents match terms and conditions outlined in the credit approval.
• Create and maintain credit files and develop spreadsheets based on financial statements to facilitate foundational underwriting analysis.
• Responsible for client setup client data tracking document tracking reports testing borrowing base certificates and covenant compliance trends and dashboards.
• Provide financial analysis and portfolio administration to ensure timely and accurate risk ratings.
• Prepare loan packages and monitor and maintain loan portfolios.
• Serve as a mentor coach and trainer for Credit Analysts.
• Collaborate with bankers and credit partners to drive the efficiency and effectiveness of the credit process to meet client expectations.
• Participate in periodic projects related to changes in risk management processes policies or environment and/or underwriting process improvement/optimization.
• Performs other duties as assigned; duties responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
• Complies with all KeyBank policies and procedures including without limitation acting professionally at all times conducting business ethically avoiding conflicts of interest and acting in the best interests of Keys clients and Key.
• Performs other duties as assigned; duties responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
• Complies with all KeyBank policies and procedures including without limitation acting professionally at all times conducting business ethically avoiding conflicts of interest and acting in the best interests of Keys clients and Key.

Education

• Bachelors Degree or equivalent work experience in finance accounting economics and/or business (required)

Work Experience

• Minimum of 2 years of commercial/specialty client segment underwriting credit banking and/or financial services experience (required)
• Competent with Microsoft Office and the ability to learn and effectively utilize other technology applications (required)
• Understanding of financial models (required)
• Ability to gather relevant research analyze data and synthesize large amounts of information to accurately assess commercial creditworthiness and create a detailed and thorough underwriting package (required)
• Demonstrated understanding of commercial credit underwriting/approval methodologies credit policies and procedures (required)
• Strong presentation and communication skills with the ability to collaboratively make an impact (required)
• Ability to plan multi-task manage time effectively and work often independently with limited supervision of senior team members (required)

Skills

• Able to gather or pull together relevant information and utilize it to draw insights conclusions solution problems make decisions and/or tell a story. Requires one to make sense of the data and display logical connected thinking. (experienced level)
• Demonstrates an understanding of foundational accounting principles and can interpret and analyze financial statements (balance sheets income statements cash flow statements) to assess a companys financial health and ability to meet its obligations. Able to effectively utilize various tools and techniques including financial ratios to evaluate a borrowers financial strength and assess risk. (experienced level)
• Able to effectively identify assess and control potential risks involved with corporate lending. Able to effectively interpret and negotiate credit agreements and loan documentation. Understanding how specific loan terms and conditions can be employed to mitigate risk of loss. (experienced level)
• Demonstrated ability to take initiative set clear objectives and prioritize tasks to meet deadlines maximize productivity and minimize stress. Able to successfully identify which tasks are urgent (requiring immediate attention) and which are important (contributing to long-term goals). Able to effectively multitask and balance competing priorities. Habitually working with energy and commitment; industrious. (experienced level)
• Able to clearly concisely and persuasively convey information whether verbal written or nonverbal. Able to effectively synthesize large amounts of complex information into a more consumable summary. Consistently demonstrates a focus on keeping clients partners and teammates informed as to the real-time status of important matters. (experienced level)
• Effectively working with others to reach a shared goal. Consistently displaying a willingness to shoulder a fair share of the workload in addition to helping others meet their objectives. (experienced level)
• Consistently taking ownership of ones actions decisions and performance and being responsible for achieving the agreed-upon outcomes. Being reliable dependable and fulfilling commitments. Able to be relied upon as honest and truthful. (experienced level)
• Able to identify evaluate and interpret information and question assumptions to reach well-supported evidence-based conclusions. Open-minded and eager to seize opportunities to learn grow acquire knowledge and expand skill set. (experienced level)
• Able to carefully evaluate the impact of all emerging and/or existing considerations and choose the best path forward using informed rational and effective decision-making techniques in various lending and business situations. (working knowledge level)

Core Competencies

• All KeyBank employees are expected to demonstrate Keys Values and abide by Keys Code of Conduct.

Physical Demands

• General Office - Prolonged sitting ability to communicate face to face in person or on the phone with teammates and clients frequent use of PC/laptop occasional lifting/pushing/pulling of backpacks computer bags up to 10 lbs.

Travel

• Occasional travel to include overnight stay.

Work Location Category

• Hybrid (3 days)

COMPENSATION AND BENEFITS

Please click here for a list of benefits for which this position is eligible.

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