Junior Underwriter

Job Description

Junior Underwriter | Members 1st

The Tone:
Members 1st is more than a credit union; it’s a growing “faM1ly” built on big dreams and even bigger values. We believe in the philosophy of “WE > me,” striving to serve our members, associates, and communities through support, empowerment, and meaningful relationships. This is an exciting time for us as we continue to expand, aiming to deliver everything our members need to live well financially, through all life’s moments and milestones. As a Junior Underwriter, you will play a critical role in this vision, joining a team that values your individuality and offers opportunities for professional advancement within a culture of acceptance and respect.

The TL;DR
• Role: Junior Underwriter
• Team: Part of the Members 1st faM1ly, contributing to a collective “WE” environment.
• Mission: To assess the creditworthiness of commercial loan applications, ensuring adherence to guidelines and supporting members’ financial well-being.

What You’ll Actually Do
• Risk Assessment: Use multiple sources of information, including credit scores and financial statements, to assign risk ratings to loans.
• Financial Analysis: Complete comprehensive analysis of applicants’ financial status, and in some situations, provide approval for loans.
• Credit Analysis: Collect, review, and analyze moderate data to prepare detailed credit analyses that evaluate commercial loan applications.
• Decision Making: Make recommendations and decisions within established internal guidelines, regulatory requirements, and set timeframes.
• Operational Oversight: Assure efficient operation and adherence to security, audit, and control procedures.

The Must-Haves
• Background: General and business knowledge equivalent to a bachelor’s degree.
• Experience: 0-1 years of related experience.
• Skills: Excellent communication and interpersonal skills, strong attention to detail and accuracy, ability to prioritize multiple tasks, and familiarity with PCs and applicable software.
• Bonus: Knowledge of loan products, banking, and the analysis and reporting of financial data.