Junior Underwriter

Job Description

Junior Underwriter | Members 1st

The Tone:
This is an early career position at Members 1st, a credit union that emphasizes a strong ‘faM1ly’ culture built on values of diversity, inclusion, and belonging, where the philosophy of ‘WE > me’ guides all actions. As a Junior Underwriter, you will play a critical role in assessing the creditworthiness of commercial loan applications. This position is vital for managing financial risk and ensuring the credit union adheres to internal guidelines and regulatory requirements, directly contributing to Members 1st’s mission of serving its members and communities.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person, Not specified
• Pay: $22.59 hourly
• Mission: Assesses the creditworthiness of commercial loan applications to manage risk and ensure adherence to financial guidelines.
• Tech Stack: PCs, applicable software

What You’ll Actually Do
• Risk Assessment: Use multiple sources of information, including credit scores, financial statements, collateral appraisals, and cash flow analysis, to accurately assign risk ratings to commercial loans.
• Financial Analysis: Conduct comprehensive analysis of varying applicant’s financial status to evaluate their ability to repay, and in some situations, provide approval for loans.
• Credit Documentation: Collect, review, and analyze moderate data to prepare detailed credit analyses that evaluate the specific terms and overall creditworthiness of commercial loan applications.
• Decision Making: Make informed recommendations and decisions on loan applications within established internal guidelines, relevant regulatory requirements, and set timeframes.
• Operational Compliance: Assure the efficient operation of underwriting processes and ensure strict adherence to security, audit, and control procedures.

The Must-Haves
• Background: General and business knowledge equivalent to a bachelor’s degree; this is an early career role.
• Experience: 0-1 years of related experience.
• Skills:
– Excellent communication and interpersonal abilities.
– Strong attention to detail and accuracy in work.
– Ability to prioritize multiple tasks effectively and meet deadlines.
– Familiarity with PCs and applicable office software.
– Demonstrated accountability, self-management, and teamwork capabilities.
• Bonus: Preferred knowledge of various loan products, banking operations, and the analysis and reporting of financial data.