Corporate Banking Underwriter

  • Competitive
  • Miami Lakes, FL, USA
  • Permanent, Full time
  • BankUnited, N.A.
  • 20 Jan 18 2018-01-20

Corporate Banking Underwriter

SUMMARY: The Corporate Banking Underwriter (CBU) is an experienced credit professional that partners with Relationship Manager(s) to underwrite "commercial & industrial" (C&I) credit requests with credit exposure of up to $75 million. This entails developing a strong working understanding of the Bank's credit policies and procedures as well as underwriting philosophy. The CBU must demonstrate the ability to effectively gather, review, and analyze various forms of financial data for the purpose of underwriting commercial loan requests and presenting those requests for formal approval. The CBU (in coordination with the lending team) will work directly with prospective or existing clients to develop a comprehensive understanding of their business fundamentals, financing need(s), and operating performance/condition. Other duties and special projects may be assigned.


The focus of the CBU will be on full underwriting of commercial loan opportunities sourced by Lenders within the Bank's target market and footprint, including completion of approval memoranda and participation in credit approval deal discussions. Specific duties may include:

* During "prescreen" stage of sales process:
o Participate in meetings with prospective and current clients, internal deal discussions with Team Leaders and Credit Officers;
o Spread financial statements in Moody's Risk Origins
o Prepare preliminary cash flow analyses
o Provide guidance on loan structure, potential policy/procedural exceptions, etc.
o Participate in preparation of prescreen memoranda for discussion with Credit Officers

* During "underwriting/approval" stage of sales process:
o Conduct a thorough review and analysis of borrower financial information including corporate financial statements, tax returns, accounts payable and account receivable agings to determine strengths of the business, evaluate the validity/appropriateness of credit request, and assess and mitigate the inherent critical risks involved in deal.
o Provide thorough analysis regarding adequacy of repayment sources, including detailed analyses of historical and projected cash flow, as well as sensitivity modeling.
o Complete ancillary due diligence including litigation, lien, and Google searches, Lexus-Nexus, OFAC, etc. on all obligors.
o Review and analyze personal financial information for guarantors including personal financial statements, tax returns, real estate schedules, liquidity statements and credit reports to determine strength of personal guarantors.
o Determine borrower, guarantor, and facility risk rating, LIED, and adherence to Bank's Credit Policy & Procedures.
o Participate in the engagement of 3rd party report providers (field exams, inventory or R/E appraisals, environmental reports, etc.), and review/analyze said reports.

* During the "closing" stage of the sales process:
o Review loan documents for adherence to credit approval. Prepare pre-closing memoranda and follow up on any pre-closing / pre-funding conditions.
o Prepare initial Borrowing Base Certificates and/or Covenant Compliance Certificates, as applicable.
o Prepare pre-closing Modification memoranda as needed.



To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE: Bachelor's degree in business or finance and at least 3-5 years of experience in a commercial lending underwriting role. Ideally will have received formal commercial credit training from a U.S. regional or money-center bank. Must have knowledge of federal banking regulations, general commercial lending underwriting practices, procedures, and techniques; familiarity with business loan documentation, and credit and financial statement analysis.