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Job Details

Commercial Underwriter

Company name
Comerica

Location
Detroit, MI

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Profile

The Commercial Underwriter is responsible forunderwriting and documentation of basic and less complex loan
requests for assigned Lines of Business (LOBs) as well as owning
deal analyses and execution of workflows according to established
Service Level Agreements (SLAs), also responsible for assisting in
the on-going monitoring of the credit exposure for assigned
relationships, including renewals, reaffirmations and annual risk
ratings. Reporting Information:The Commercial Underwriter reports
to the Manager Commercial Underwriting (MCU). Position
Competencies:Successful incumbents possess strong analytical, time
management, verbal and written communication skills, are
accountable and have strong data management capabilities. Position
Responsibilities:Provide complete analysis of loan package for new
deals, reviews and renewals Prepares and\/or updates appropriate
RECAP documentation with guidance from MCU (Manager Credit
Underwriting). Prepares basic collateral charts, cash flows, risk
ratings and other attachments. Provides basic industry analysis.
Identifies policy exceptions and works with MCU\/RM (Relationship
Manager) to mitigate them. Identifies and analyzes inconsistencies
and inaccuracies in customer data, including spreads, aging's,
projections and other financial documents. Develops basic
analytical narrative and commentary on the request. Evaluates
strengths and weaknesses of the credit and escalates risks and
other issues to MCU and\/or RM or PM (Portfolio Manager). Assists
RM\/PM with contacting customers to obtain answers for loan analyses
and recommend loan structures and covenants. Prepares risk rating
with guidance from MCU. Administration Monitors loan covenants and
tracking on simple transactions in conjunction with CSC (Credit
Support Center) support team for assigned relationships. Shares
responsibility with Credit Specialists for performing OFAC checks
and identifying issues. Investigates title searches, surveys and
UCC (Uniform Commercial Code) searches as requested by MCU or
RM\/PM. Process Sustainability Adheres to department procedures for
workload management. Strives to meet or exceed SLA, or when not
possible, communicate to MCU and RM\/PM. Ensures appropriate RECAP
formats\/attachments are used in accordance with approved process
& procedures. Other duties as assigned. Travel Travel is not
required of this position. Relocation Relocation is not available
for this position. Work Schedule This positions work schedule may
require overtime. Bachelor's Degree in Business or Economics 3.0
cumulative GPA Two (2) Accounting courses (minimum 6 units) with a
3.0 GPA average 1 year Microsoft Office applications (Word, Excel,
PowerPoint, Outlook) Equal Opportunity Employer
Minorities\/Women\/Protected Veterans\/Disabled

Company info

Comerica
Website : https://www.comerica.com/

Company Profile
Comerica Incorporated is a financial services company headquartered in Dallas, Texas, strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth Management.

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