Shire Jobs

Mobile Shire Logo

Job Information

Comerica Commercial Underwriting Program in Detroit in Detroit, Michigan

Commercial Underwriter Position Overview The 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 to 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 Lines of Business (LOBs); own deal analyses and execute workflow according to established Service Level Agreements (SLAs). 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 Uniform Commercial Code (UCC) searches as requested by the 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 the Manager and RM/PM. * Ensures appropriate loan approval document formats/attachments are used in accordance with approved process & procedures. * Other duties as assigned Base Qualifications: * Bachelor's Degree * Two (2) Accounting courses (minimum 6 credit hours) * 1 year Microsoft Office applications (Word, Excel, PowerPoint, Outlook) Preferred Qualifications: * Bachelor's Degree in Business (Accounting or Finance), Economics * Strong academic track record: * 3.0 cumulative GPA * 3.0 GPA average in two (2) accounting courses * Demonstrated leadership and strong verbal and written communication skills Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled