Underwriter

Overview

Employer: Republic Business Credit, a subsidiary of Renasant Bank

This position serves Republic Business Credit which is a subsidiary of Renasant Bank. The Underwriter will conduct activities to assess and bring new clients to funding in compliance with the Credit Policy. This position will primarily support the sales, client service and underwriting teams across its suite of products, including factoring, traditional factoring, and asset-based lending.  This position will analyze leads, review client financials, and provide meaningful contributions to the credit functions of Republic Business Credit.

This individual will be expected to proactively learn, engage and develop meaningful awareness of the commercial finance industry.

The Underwriter will represent the Republic both internally and to the external marketplace with professionalism and excellent communication skills throughout the client lifecycle. This position is expected to:

• Work closely with the underwriting, client service and new business teams in making informed credit decisions.
• Work closely with the Underwriting Manager and client services team to review and assess existing clients for compliance with policies and procedures.
• Actively participate in prospect calls with Business Development Officers and in preparation of transaction prescreen documents.
• Ensure compliance with credit standards for new clients being introduced.
• Maintain an up-to-date understanding of the company, its products, its client base, and the market to implement effective and competitive credit controls.
• Be current with the businesses operating procedures as set out in the Credit Policy, How to Guide, and other business resources. 

REPUBLIC BUSINESS CREDIT AND RENASANT BANK ARE EQUAL OPPORTUNITY EMPLOYERS 

Responsibilities

• Perform credit analysis by reviewing items including, but not limited to credit reports, personal and business financial statements, tax returns, appraisals, and field examinations to complete loan presentations for approval consideration by the appropriate approval authority.
• Prepares and analyzes spreads of a company’s financial statements to determine overall strengths and weaknesses of potential and current clients. Analysis includes but is not limited to debt service ratios, leverage ratios, cash flow analysis, fixed charge coverage, and tangible net worth.
• Performs and completes a collateral analysis of all collateral assets including but not limited to accounts receivables, inventory, equipment, and real estate. Analysis should include a credit classification of the company’s customer base, a detailed credit profile of the company’s largest customers and delinquent accounts, aging analysis, delinquencies, collections, and charge offs. Inventory analysis should include inventory in days and an examination of stale inventory, spoilage, depletion, and inventory valuations. Equipment analysis should include a comparison of market value to book value and an assessment of forced liquidation values.
• Contacts the customer or customer’s representative to obtain additional information or explanation detail throughout the underwriting process while coordinating with the Underwriting Manager.
• Identifies and assesses various business, industry and market risks to determine and categorize business trends, growth, cyclical nature, seasonality, business cycle and stages to apply findings to credit analysis.
• Writing of the Client Credit Approval, Letter’s of Intent, Client Reviews, Borrowing Bases, memo’s and all other work products as required in support of funding new clients or current clients at the discretion of the Underwriting Manager.
• Aid the legal manager in the preparation and distribution of legal documents.
• Assist Underwriters in underwriting requests for new and existing clients with a focus on more complex and higher dollar exposure transactions.
• Review the work of other underwriters and present deals for approval to the Credit Committee.
• Lead or support collateral field examinations of prospective and current clients as workloads dictate in coordination with the Underwriting Manager, Risk, Compliance or other members of the credit committee should the need arise.
• From time to time, it might be necessary to provide underwriting, analysis, or collateral examinations to the Client Service team whether it is a risk or non-risk related client request by the Underwriting Manager or member of the credit committee. 
• Orders underwriting items including, but not limited to, field examinations, appraisals, and UCC searches.
• Owns primary responsibility for underwriting quality and works closely with the Underwriting Manager, Business Development Officers, Portfolio Managers, and outside vendors.
• Perform other related duties as assigned

Qualifications

• Bachelor Degree required (or equivalent years of directly related experience will be considered)
• Minimum of 5 years of related experience required, at least 10 years of related experience preferred
• Strong problem solving skills
• Ability to critically think and evaluate solutions to complex problems
• Strong communication skills
• Ability to seek and gather information from a variety of sources
• Accurate and thorough in all work duties
• Ability to work independently while collaborating in a team environment
• Ability to meet deadlines and manage expectations
• Competency in Microsoft Office (particularly Word and Excel) and Google (Google Mail, Google Docs/Sheets and Google Drive)
• Ability to travel, including overnight

Benefits

Renasant offers the following benefits for this position: Medical, Dental, Vision, Flexible Spending Account, Dependent Care Flexible Spending Account, Health Savings Account, Group Life Insurance/AD&D/LTD, Voluntary Life Insurance (Term and Whole), Supplemental Disability Plans, 401(K) Plan, Employee Assistance Program, Tobacco Cessation Program, Family Medical Leave, Paid Leave Accruals, Holiday Pay, Employee Savings Plan, and Employee Checking. 

The base annual salary for this position ranges from $90,000-$140,000. Pay is based on several factors including but not limited to, market location and may vary depending on job related knowledge, skills, education/training, and a candidate's work experience. 

Physical Demands

The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand or sit; kneel, stoop, or squat; use hands or fingers to handle or feel objects, tools or controls; reach with hands and arms, and talk or hear. The employee is occasionally required to walk. The employee must occasionally lift and /or move up to 25 pounds. Specific vision abilities required by this job include close vision, peripheral vision, depth perception and the ability to focus.

Work Environment

The professional working environment requires employees to communicate effectively, both verbally and in writing. Employees must demonstrate strong interpersonal skills when working closely with internal business partners and external clients. Employees may be exposed to confidential and propriety information within the working environment, therefore, must uphold confidentiality at all times. Due to the possibility of being exposed to high-risk situations (i.e. theft, fraud), detailed instructions and procedures are required to be followed at all times to safeguard Republic Business Credit’s employees, customers, and assets.

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. The principal duties and responsibilities enumerated are all essential job functions except for those that begin with the word “May”.

This job description is intended to describe the normal level of work required by the person performing the work. The principle duties outlined are the essential responsibilities and duties.  Other duties may be assigned as needs arise.  Job requirements and/or processes may be modified to reasonably accommodate persons with a disability as required by law.

This description is not intended as a contract and is subject to change. Any written contractual agreements supersede this job description.