Shore United Bank is seeking a full-time Senior Commercial Underwriter to join our team. The Senior Commercial Underwriter is considered a credit analysis SME and is primarily responsible for underwriting the most comple…
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$93k–$142k/yr
Full-time
high school, bachelor degree
Health Insurance, Dental Insurance, Vision Insurance, Company-paid Life Insurance, Mental Health Well-being, Short-term Disability
Posted 44d ago
~40 hrs/week
Responsibilities
The Senior Commercial Underwriter is responsible for underwriting complex commercial loan requests and ensuring they are properly structured and compliant with bank policy. This includes analyzing financial data, preparing approval packages, and recommending the granting or denial of loans.
Requirements
Requires a high school diploma (Bachelor's preferred) and at least 5 years of experience in credit underwriting or analysis. Candidates must be proficient in interpreting financial statements and have a strong understanding of lending regulations.
Full job description
Shore United Bank is seeking a full-time Senior Commercial Underwriter to join our team. The Senior Commercial Underwriter is considered a credit analysis SME and is primarily responsible for underwriting the most complex commercial loan requests on a self-directed basis. This includes interfacing with the account officer to ensure the loan is properly structured and risk rated, compliant with regulations and bank policy, and that all relevant information has been obtained to identify and mitigate potential risk to the bank. The underwriter will be required to compile a final approval package for submission to the appropriate approval authority including financial statement spreads, global cash flow worksheets, written narratives, and supplementary tables and charts, which will require the review of source documents including, but not limited to, financial statements, tax returns, credit reports, and legal documents.
Essential Functions Include:
Receives data on prospective and active borrowing accounts, i.e., financial statements, agency reports, and interview and investigation sheets.
Analyzes data and evaluates the short- and long-run prospects of the individual or company.
Recommends to appropriate personnel on the granting or denying of loans; prepares sufficient information to document recommendations.
Supports loan grade after conducting a thorough credit analysis and documentation review.
Provides thorough documentation of all financial analysis work, including ratios and other related information.
Ensures that all credit analysis activities are conducted in accordance with prescribed lending policy.
May exercise loan authority to approve, restructure or deny commercial loan requests while protecting the Bank and meeting the needs of its clients.
Identifies and responds to opportunities to communicate affiliates products and services to promote the image of the affiliate and promote Shore Bancshares’ community of companies’ products and services to potential customers and referring those customers to the proper personnel.
Remains efficient and productive despite being assigned the most complex transactions and projects.
Demonstrates compliance awareness by completing all required regulatory and compliance training (e.g., BSA, CRA, ECOA) on or before deadlines, and actively supporting all policies, procedures, and practices that promote risk management, safety, and regulatory adherence.
Location:Shore Bancshares Headquarters: 28969 Information Lane, Easton, MD 21601
Position Type/Expected Hours of Work:
Full-time.
Exempt.
Days of Work: Monday-Friday.
Required Education and Experience:
High school diploma/GED equivalent.
A B.S. or B.A. degree in a related field of study preferred, OR a minimum of 7 years' related experience and specialized financial analysis training.
Minimum of 5 year's experience in a credit underwriting or credit analyst role
An understanding of credit analysis equivalent to that which would be confirmed by RMA’s Credit Analysis Certificate
Proficient ability to analyze and interpret financial statements and draw conclusions based on common-sized, trend, comparative and UCA analyses
Ability to accurately spread and analyze financial statements for various entity types
Ability to identify source of repayment and perform collateral analysis, including an understanding of appraisal development and DCF cash flow analysis
Intermediate knowledge of current lending and loan review regulations and banking regulations, procedures, and operations
Compensation:
The pay range for this position is $93,400 to $141,800 annually.
Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.
Company Benefits:
Join a family and community-oriented workplace that offers a team environment, along with a collaborative and friendly place to work.
Comprehensive benefits package for full-time, permanent employees including health, dental, vision, company-paid life insurance, mental health well-being, short-term and long-term disability, and much more!
Paid parental leave
401k savings plan with up to a 4% company match
Employee Stock Purchase Plan
Employee perks such as: employee banking services, loan discount program, education assistance, career development program, Employee Assistance Program, and wellness initiatives.
Opportunity for growth and advancement
Paid training program and continuous training sessions throughout the year on various topics
Generous paid time off and paid sick time
Community involvement opportunities
Shore United Bank is a full-service financial institution with a rich history dating back to 1876. In excess of $6 billion in assets, we offer innovative financial services delivered with the personal touch you expect. We serve a broad geographic area with branches in Maryland, Delaware, and Virginia, and we also provide a comprehensive suite of digital banking services that allow you to bank with us no matter where life takes you. In addition to banking, we offer trust and wealth management services through Wye Trust, a division of Shore United Bank. Together, our team of experienced professionals is dedicated to helping you achieve your financial goals.
Shore United Bank is an Affirmative Action/Equal Opportunity Employer. Shore United Bank is an E-Verify participant.
Good things are happening here. Member FDIC. Equal Housing Lender.
Industry
Banking
Company size
501-1,000 employees
Founded
1876
Headquarters
Easton, Maryland
LinkedIn followers
4,407
Total funding
$85M
Member FDIC. Shore United Bank is a full-service community bank with a rich history dating back to 1876. In excess of one billion in assets, we offer innovative financial services delivered with the personal touch you expect from a community bank. We serve a broad geographic area with branches in Maryland, Delaware and Virginia, and we also provide a comprehensive suite of digital banking services that allow you to bank with us no matter where life takes you.
In addition to banking, we offer trust and wealth management services through Wye Financial & Trust, a division of Shore United Bank. Together, our team of experienced professionals is dedicated to helping you achieve your financial goals.
We encourage you to participate in our conversations, but we ask that you follow our Community Guidelines that you can find here: https://www.shoreunitedbank.com/community-guidelines
Offices: 18 E Dover St, Easton, Maryland 21601, US · 1101 Maiden Choice Ln, Baltimore, MD 21229, US · 109 N Commerce St, Centreville, Maryland 21617, US · 424 Dorchester Ave, Cambridge, Maryland 21613, US · 2609 Centreville Rd, Centreville, Maryland 21617, US
BankingLoansSavings AccountsChecking AccountsBusiness Bankingand Personal BankingWealth ManagementCommercial LendingFinanceBanking
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