Credit Underwriter IV

Summary of Work

The Credit Underwriter IV position will conduct credit analysis and underwriting services for commercial, agriculture, political subdivisions, and/or economic development projects. Primary duties include gathering and analyzing financial information of the overall loan package.

• Complete credit presentations
  • Perform moderate to highly complex commercial and agricultural credit analysis which involves investigating financial statements to determine if cashflow is sufficient to repay business and personal debt. Total aggregate dollar exposure of credits analyzed typically ranges from $500,000 to $10,000,000.
  • Perform break even repayment analysis, stress testing, scenario analysis, UCA cash flow analysis, and capitalization ratios for real estate valuation.
  • Make recommendations related to structuring of credits being analyzed as it relates to repayment terms, financial covenants, construction projects and ongoing monitoring of business entity.
  • Underwrite loan requests with strict deadlines for presentation to committees including BND Investment Committee, BND Advisory Board and Industrial Commission.
  • Travel may be required to visit the site based on the complexity of credit being analyzed. This requirement becomes more frequent based on the complexity of the credit.
• Review moderately complex appraisals and internal evaluations to determine reasonableness and compliance with regulations. 
• Complete annual reviews of existing loans.
• Prepare problem loan reports which may initiate collection or foreclosure activities for delinquent loans; analyze and determine loan classifications and assess risk ratings. 
• Lead or participate in projects that contribute to the initiatives and goals of Credit Administration.

Minimum Qualifications

This position requires a bachelor’s degree in accounting, banking, business administration, economics, or a closely related field and six years of commercial and/or agriculture lending, credit or financial analysis work experience. Additional work experience as described may substitute for the education requirement on a year-for-year basis.