Full-Time

RCC Equity Underwriter I

Confirmed live in the last 24 hours

Fifth Third Bank

Fifth Third Bank

10,001+ employees

Offers diverse banking and financial services

Fintech
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
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 provides a variety of financial services to individual consumers, small businesses, and commercial clients. Its offerings include personal banking products like checking and savings accounts, mortgages, personal loans, and insurance options such as life and health coverage. For businesses, the bank offers services including business accounts, commercial loans, and treasury management. Fifth Third Bank's revenue comes from interest on loans, fees for account services, and commissions from insurance and wealth management services. Unlike many competitors, Fifth Third Bank emphasizes a comprehensive approach to financial planning and retirement services, aiming to help clients achieve their long-term financial goals.

Company Stage

IPO

Total Funding

N/A

Headquarters

Cincinnati, Ohio

Founded

1858

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased digital banking adoption aligns with Fifth Third's digital treasury solutions.
  • Fintech partnerships can enhance Fifth Third's service offerings and competitive edge.
  • Growing demand for personalized services supports Fifth Third's financial planning offerings.

What critics are saying

  • Legal challenges from fake account allegations could harm Fifth Third's reputation.
  • Significant investment in digital solutions may strain Fifth Third's financial resources.
  • Failure to innovate in digital disbursements could lead to competitive disadvantages.

What makes Fifth Third Bank unique

  • Fifth Third Bank offers a comprehensive range of personal and business banking services.
  • The bank provides specialized services like down payment assistance and escrow education.
  • Fifth Third Bank integrates wealth management with traditional banking for holistic financial solutions.

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Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours