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Underwriter
| Company | Wintrust |
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| Location | Highland Park, IL, USA |
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| Salary | $65000 – $100000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Mid Level, Senior |
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Requirements
- Bachelor’s degree, preferably in a business-related field such as accounting or finance
- Minimum of 2-5 years’ experience underwriting CRE loan requests
- Sound understanding of CRE credit analysis techniques including cash flow and evaluation of collateral
- Ability to make timely decisions in a fast-paced, time-sensitive environment
Responsibilities
- Evaluates commercial real estate loan requests for investors/sponsors using a thorough knowledge of industry fundamentals
- Demonstrates effective time management by balancing multiple priorities within individual workload
- Communicates with and effectively interacts with all levels of management, including lending personnel, loan operations staff and related departments
- Analyzes the financial condition of existing and prospective bank customers
- Accurately reviews financial statements, tax returns and other financial information submitted by applicants
- Recognizes trends impacting risk of repayment, the Bank’s collateral position and the ability of the borrower/sponsor to satisfactorily execute a project
- Recommends risk rating adjustments supported by changes in the borrower’s financial condition, collateral or other factors impacting risk
- Analyzes markets and asset classes and has a thorough knowledge of the risks associated with the same
- Assesses the risks inherent in each market/asset class and suggests appropriate financing structures accordingly
- Analyzes and validates ongoing customer financial reporting for tracking to underwriting metrics
- Reports on delinquent reporting and assesses risk rating accuracy
- Maintains tickler system for accurate tracking and reporting of borrower required reporting including financial statements, tax returns, covenants, etc.
- Makes sound credit decisions based on accurate analysis of information provided with loan requests
- Exhibits thorough knowledge of fair lending issues, rules and various regulations that directly impact the CRE lending area
- Seeks alternative means of financing or counter offers for all borrowers, if appropriate
Preferred Qualifications
- Experience with Private Equity/fund sponsors
- Experience with development/construction transactions
- Formal credit training is a plus
