MB Financial Bank Commercial Credit Underwriter I - 6111 N. River Rd in Rosemont, Illinois
This job is responsible for underwriting renewals and beginning process of analysis and preparation of credit presentations for new and renewed business/commercial opportunities for various departments of the bank.
Essential Duties and Responsibilities
_The size, scope and complexity of described responsibilities and assigned projects are dependent on the level and experience of the incumbent.
Analyzes applicant’s information (financial data, collateral information, references, etc.) to determine feasibility of granting credit.
Requests applicant credit reports, background checks, reference checks and other information pertinent to loan applicant’s evaluation.
Corresponds with business development officer, applicant, accountant or creditors to resolve questions regarding application information.
Coordinates with business development officer to provide input into the negotiation of loan structure with applicant, including loan fees, loan repayment options and other such credit terms.
Prepares credit presentation identifying the borrower; providing description of business; specifying credit limits; structure of credit facility; collateral, financial, cash flow and guarantor analysis; and recommends action to be taken.
Assists business development officer to determine the customer information needed to underwrite a renewal.
May assist in review of the loan portfolio.
Complies with all applicable federal and state laws and regulations.
“LIVE” the Bank’s Mission Statement and “PRACTICE” the Bank’s Corporate Strategy.
Other duties may be assigned.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor's degreein Finance, Accounting, Economics, Management, Marketing, Business Administration, or Risk Management and 0 to 2 years related experience; or equivalent combination of education and experience. Exposure tounderwriting commercial and real estate loans for a financial institution or mortgage servicer is preferred.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals; to calculate figures and amounts such as discounts, interest, commissions, percentages; and to apply concepts of basic algebra.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
To perform this job successfully, an individual should have intermediate knowledge of Word and Excel spreadsheet software.
_Certificates and Licenses
No certifications needed.
The physical demands described here 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; walk; sit; use hands to finger, handle, or feel and talk or hear.
This job does not have supervisory responsibilities.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
MB Financial is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.**
As a part of the MB Financial hiring process all applicants will be required to submit to and pass a pre-employment urine drug screening.**