Job Details

Bank Credit Underwriter

A bank credit underwriter evaluates a loan applicant's creditworthiness and risk to determine if a loan should be approved. Key responsibilities include analyzing financial data, assessing risk, ensuring compliance with regulations, and preparing credit approval memos. This role requires strong analytical skills, attention to detail, and excellent communication.

Core responsibilities

• Credit analysis: Analyze an applicant's financial information, including credit reports, income statements, and employment records, to assess their ability to repay a loan.
• Risk assessment: Evaluate factors like the applicant's credit history, debt-to-income ratio, and collateral to determine the level of risk involved.
• Compliance: Ensure that all loan applications and decisions comply with regulatory standards, internal policies, and legal requirements.
• Decision making: Make recommendations on loan approval or denial based on the risk assessment and in accordance with the bank's credit policies.
• Documentation: Prepare comprehensive risk assessment reports and credit memos and maintain detailed records of applications and decisions.
• Collaboration: Work with loan officers to gather essential documentation required for underwriting and clarify any uncertainties about the application.
• Portfolio monitoring: Monitor the performance of existing loans and provide input on risk management.

Required skills and qualifications

• Bachelor's degree in finance, accounting, business, or a related field.
• Strong analytical skills and meticulous attention to detail.
• Knowledge of credit policies, procedures, and relevant financial principles.
• Familiarity with financial software and underwriting systems is preferred.
• Excellent written and verbal communication skills.
• Experience in loan underwriting, credit analysis, or a related financial role is preferred.

Gibsland Bank & Trust is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected Veteran status.