Position Overview

The Commercial Underwriter II is responsible for analyzing customer financial information.  This individual is responsible for spreading customer financial data, assigning risk ratings, participating in preparation of exception reports, and complying with company and regulatory lending guidelines.   In addition, this role may assist loan officers with renewals and other portfolio management functions.

The Commercial Underwriter II is responsible for an increased level of performance.  This role performs at high levels of productivity, reviews a blend of small to increasing larger credits, independently and efficiently underwrites complex credits, and resolves problems independently. 

This role offers the flexibility of a hybrid working arrangement with both onsite and remote work.  Onsite location can be in Chicago (Wacker Drive), Downers Grove, or Aurora.

Essential Job Functions

• Accurately completes and reviews financial spreads and covenant testing.
• Performs basic underwriting, producing thorough and accurate analytical packages that include all relevant risks, trends and industry information.
• Collaborates with Relationship Managers, to gather and compile information for annual reviews with senior management.
• Serves as department resource regarding bank policies and external regulatory requirements as they pertain to lending.
• Analyzes and assigns loan ratings to credits in bank portfolio.
• Develops a thorough understanding of bank policies and external regulatory requirements.
• Prepares and reviews monthly exception reports.
• Reviews collateral due diligence reports.
• Proactively partners with Commercial Lenders to go on joint customer calls in order to develop credit and sales skills and/or serves in a leadership role to help develop and educate less experienced analysts.
• Collaborates with lenders as necessary on preparation of customer loan presentations.
• Participate in meetings and trainings as required.

Required Qualifications:

• Bachelor’s degree in Accounting, Finance, Business or related area of study and two or more years of related experience (commercial banking, finance, credit, etc.); or equivalent combination of education and experience.

Competencies:

• Proficient in Microsoft Office (Word/Excel/Outlook)
• Intermediate understanding of balance sheet, leverage, risk ratios
• General banking (credit/debit) knowledge
• Excellent communication skills (verbal/written)
• Demonstrated analytical and problem-solving skills
• Time management and ability to work within a fast-paced environment

Preferred, but not required:

• Three to five years underwriting experience preferred
• Experience underwriting large and/or complex commercial credits
• Specialty lending underwriting.

NOTE:  This job description is not intended to be all-inclusive. Employee may perform other duties as assigned to meet the ongoing needs of the organization.