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Commercial Underwriting Officer
Costa Mesa, CA
Job Description
Commercial Underwriting Officer
The Commercial Underwriting Officer plays an integral role in the loan approval process by providing credit decision makers with in-depth risk analysis to make informed credit decisions for the bank. Our Commercial Underwriting Officers underwrite and handle documentation for a variety of large and complex loan requests from assigned Lines of Business. They are responsible for monitoring credit exposure for assigned relationships, including renewals, reaffirmations and annual risk ratings.
The Commercial Underwriting Officer plays an integral role in the loan approval process by providing credit decision makers with in-depth risk analysis to make informed credit decisions for the bank. Our Commercial Underwriting Officers underwrite and handle documentation for a variety of large and complex loan requests from assigned Lines of Business. They are responsible for monitoring credit exposure for assigned relationships, including renewals, reaffirmations and annual risk ratings.
Team Structure and Development Opportunities:
- Professional career development through assessments, coaching, team building, and mentoring.
- Exposure to senior and executive leadership.
- Collaborative and supportive team environment.
- Gain in-depth knowledge of lending and non-lending products and services, including Treasury Management, Wealth Management, International Trade Services, Foreign Exchange, and Global Capital Markets.
- Lines of Business: Business Banking, Middle Market, Private Banking, Commercial Real Estate, Large Corporate, Technology Life Sciences, Equity Fund Services, Environmental Services, Mortgage Banker Finance, International, National Dealer Services, Energy.
- Team Footprint: Costa Mesa, CA; San Jose, CA; Detroit, MI; Dallas, TX; Houston, TX
Key Responsibilities:
Analytics
Analytics
- Identify and analyze inconsistencies and inaccuracies in customer data, including spreads, aging's, projections and other financial documents.
- Ensure complete and thorough analytical narrative and commentary on requests and provide recommendations on structural enhancements to mitigate risk or help win business.
- Evaluate strengths and weaknesses within each credit request and escalate risks and other issues to the Manager of Commercial Underwriting and/or Relationship Manager or Portfolio Manager.
Administration
- Calculate loan covenants and assist with tracking on complex transactions in conjunction with Credit Support Center teams for assigned relationships. Follow-up with Relationship Manager or Portfolio Manager on violations and provide recommendation for waiver, modification or cure.
- Investigate title searches, surveys and Uniform Commercial Code searches as requested by the Manager of Commercial Underwriting or Relationship Manager/Portfolio Manager. Work with Portfolio Manager and loan closing team as needed to resolve issues.
Process Sustainability
- While maintaining a strong understanding of Comerica processes, ensure that Line of Business and self are adhering to proper procedures. Meet or exceed established Service Level Agreements.
- Ensure appropriate Record Evidencing Credit Approval Package formats are used in accordance with approved process and procedures.
- Recommend process improvements in support of continuous improvement culture within Commercial Underwriting.
Position Qualifications
First Level Officer, Commercial Underwriting Officer I
- Bachelor's Degree
- Completion of a Commercial Credit Training program or 18+ months of commercial underwriting, credit and/or lending experience
- 2 years of experience with Microsoft Office Applications (Word, Excel, PowerPoint, Outlook)
Assistant Vice President, Commercial Underwriting Officer II
- Bachelor's Degree
- 4 years of commercial underwriting, credit and/or lending experience
- Completion of a Commercial Credit Training program OR 6 years of commercial underwriting, credit and/or lending experience
- 5 years of experience with Microsoft Office Applications (Word, Excel, PowerPoint, Outlook)
Vice President, Commercial Underwriting Officer III
- Bachelor's Degree
- 6 years of commercial underwriting, credit and/or lending experience
- Completion of a Commercial Credit Training program OR 8 years of commercial underwriting, credit and/or lending experience
- 7 years of experience with Microsoft Office applications (Word, Excel, PowerPoint, Outlook)
Seeking candidates with:
- Strong analytical and technical skills
- Excellent verbal and written communication skills
- Time management skills and ability to handle multiple assignments
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
2+ years
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