Full-Time

RCC Equity Underwriter I

Posted on 12/19/2024

Fifth Third Bank

Fifth Third Bank

10,001+ employees

Provides banking, loans, and wealth management services

Social Impact
Financial Services

Mid

Grand Rapids, MI, USA

Must live within 30 miles of Grand Rapids.

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Financial analysis

You match the following Fifth Third Bank's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Must live within 30 miles to Grand Rapids.
  • College degree in Business or Finance or equivalent work experience
  • Minimum 3 years Consumer Lending or related industry experience
  • Knowledge and understanding of basic financial analysis techniques
  • Strong interpersonal, written and verbal communication skills
  • Ability to make high quality decisions and execute in a time sensitive manner
  • Ability to handle multiple tasks and meet deadlines in fast paced environment
  • Ability to interact with Vice President level managers, build consensus, and motivate others
  • Strong analytical, critical thinking and organizational skills
Responsibilities
  • Analyze consumer credit reports for Consumer Lending real estate applications to evaluate risk and make appropriate credit decision for Direct Lending across multiple states, markets or geographic regions.
  • Maintain an in depth knowledge of the continual enhancements and changes to the Fifth Third Consumer Lending policy and procedures in order to ensure consistent treatment of all real estate applications.
  • Manage application pipeline to meet business objectives and stated Service Level Agreements.
  • Responsible for ensuring completeness and accuracy of real estate credit application.
  • Responsible for ensuring HMDA purpose codes are accurate before rendering a final decision.
  • Evaluate customer provided credit documents to support credit decision, including calculation of income, personal financial statement reviews, trust reviews, etc.
  • Place orders for bank obtained credit documents in accordance with real estate policy guidelines, and partners with internal and external parties to clear condition with regards to Property Reports, Appraisals, and Flood Certifications.
  • Formulate and communicates credit decision (approve, decline or counteroffer) in compliance with established underwriting guidelines, compliance and regulatory requirements.
  • Demonstrate a solid understanding of the credit exception process, specifically identifying opportunities with applications and understanding the relevant compensating factors needed to present to the exception team.
  • Review credit applications and recommends decisions on applications over their assigned authority to their manager or senior level underwriters review before communicating final decisions.
  • Partner with the Mortgage Line of Business to underwrite simultaneous first and second lien real estate loan requests, as appropriate.
  • Develop business relationships and build rapport with internal partners across multiple states to achieve mutual goals.
  • Host side by side visits for bank employees to both gain an understanding of our processes and to help build interest in our department and identify possible candidates for filling future needs.
  • Demonstrate the ability to be a team player by providing superior service, being flexible and approachable.

Fifth Third Bank offers a variety of financial services, including personal and business banking, loans, mortgages, credit lines, and insurance products. Their services cater to individual consumers, small businesses, and commercial clients, providing comprehensive financial solutions. The bank generates revenue through interest on loans, fees for services, and commissions from insurance and investment products. What sets Fifth Third Bank apart from its competitors is its strong focus on community engagement and financial education, providing resources to help clients manage their finances. The goal of Fifth Third Bank is to support clients in achieving their financial objectives while promoting financial literacy.

Company Stage

IPO

Total Funding

N/A

Headquarters

Cincinnati, Ohio

Founded

1858

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for digital banking can attract tech-savvy customers to Fifth Third Bank.
  • Sustainable finance trends offer new revenue streams through eco-friendly financial products.
  • Open banking fosters innovation and competitive services through fintech collaborations.

What critics are saying

  • Increased competition in credit facilities may draw business away from Fifth Third Bank.
  • Over-reliance on large syndicated loans poses risks if market conditions change.
  • Competitive lending environment pressures Fifth Third Bank to offer more favorable terms.

What makes Fifth Third Bank unique

  • Fifth Third Bank offers a comprehensive range of financial services, including wealth management.
  • The bank focuses on community engagement and financial education to build customer loyalty.
  • It provides tailored financial solutions, leveraging AI and machine learning for personalized services.

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Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours

INACTIVE