The Business Loan Center - Commercial Underwriting Officer II in the Business Banking Credit Center (B2C2) is responsible for underwriting requests for all Business Banking loan products for exposures up to $3,000,000 in all footprint states with loan decisions made within assigned lending authority.
The Business Loan Center - Commercial Underwriting Officer II will possess excellent customer service, oral and written communications skills. The Underwriter in this position will be able to exhibit the ability to multi-task with a high degree of accuracy, and meet established deadlines. The Underwriter exhibits a basic knowledge of commercial lending regulations.
*Evaluate all loan requests that require financial analysis using a thorough knowledge of Comerica Business Loan Center Credit Policy, guidelines and procedures.
*Finalize risk rating and provides credit decision for credits within a stated limit based on Credit Policy.
*Assess the risks inherent in each client industry and suggests appropriate financing vehicles.
*Exhibit the ability to utilize objective underwriting tools, calculate basic key financial ratios and apply subjective criteria to render decisions.
*Ability to identify and mitigate policy exception and guideline variances.
*Accurately review financial statements and tax returns submitted by applicants and evaluate their ability to repay.
*Seek alternative means of financing or counter offers for all borrowers when it is determined original request cannot be granted.
Travel is not required of this position.
Relocation assistance is not offered for this position.
*Bachelor's degree from an accredited university
*Successful completion of a formal credit training program
*4 years of experience underwriting consumer, small business, or commercial lending requests, including relationship management experience
*Demonstrated knowledge of credit scoring and risk management concepts
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled