Commercial Underwriting Officer in Detroit
Company: Comerica
Location: Detroit
Posted on: May 3, 2024
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Job Description:
Commercial Underwriting OfficerThe Commercial Underwriting
Officer plays an integral role in the loan approval process by
providing credit decision makers with in-depth risk analysis to
make informed credit decisions for the bank. Our Commercial
Underwriting Officers underwrite and handle documentation for a
variety of large and complex loan requests from assigned Lines of
Business. They are responsible for monitoring credit exposure for
assigned relationships, including renewals, reaffirmations and
annual risk ratings.Team Structure and Development
Opportunities:Professional career development through assessments,
coaching, team building, and mentoringExposure to senior and
executive leadershipCollaborative and supportive team
environmentGain in-depth knowledge of lending and non-lending
products and services, including Treasury Management, Wealth
Management, International Trade Services, Foreign Exchange, and
Global Capital Markets.Lines of Business: Business Banking, Middle
Market, Private Banking, Commercial Real Estate, Large Corporate,
Technology Life Sciences, Equity Fund Services, Environmental
Services, Mortgage Banker Finance, International, National Dealer
Services, EnergyTeam Footprint: Costa Mesa, CA; San Jose, CA;
Detroit, MI; Dallas, TX; Houston, TXKey
Responsibilities:AnalyticsIdentify and analyze inconsistencies and
inaccuracies in customer data, including spreads, aging's,
projections and other financial documents.Ensure complete and
thorough analytical narrative and commentary on requests and
provide recommendations on structural enhancements to mitigate risk
or help win business.Evaluate strengths and weaknesses within each
credit request and escalate risks and other issues to the Manager
of Commercial Underwriting and/or Relationship Manager or Portfolio
Manager.AdministrationCalculate loan covenants and assist with
tracking on complex transactions in conjunction with Credit Support
Center teams for assigned relationships. Follow-up with
RelationshipManager or Portfolio Manager on violations and provide
recommendation for waiver, modification or cure.Investigate title
searches, surveys and Uniform Commercial Code searches as requested
by the Manager of Commercial Underwriting or Relationship
Manager/Portfolio Manager. Work with Portfolio Manager and loan
closing team as needed to resolve issues.Process
SustainabilityWhile maintaining a strong understanding of Comerica
processes, ensure that Line of Business and self are adhering to
proper procedures. Meet or exceed established Service Level
Agreements.Ensure appropriate Record Evidencing Credit Approval
Package formats are used in accordance with approved process and
procedures.Recommend process improvements in support of continuous
improvement culture within Commercial Underwriting.Position
Qualifications:Bachelor's DegreeCompletion of a Commercial Credit
Training program or 18+ months of commercial underwriting, credit
and/or lending experience2 years of experience with Microsoft
Office Applications (Word, Excel, PowerPoint, Outlook)Seeking
candidates with:Strong analytical skillsExcellent verbal and
written communication skillsTime management skills and ability to
handle multiple assignmentsBank OverviewComerica is the largest
U.S. commercial bank headquartered in Texas with a focus on
relationships and helping people and businesses be successful. With
over 170 years of success, Comerica's longevity is a testament to
its strong relationship focus, integrity, and dedicated workforce -
more than 7,800 colleagues, who serve as Comerica's ambassadors in
the community.At Comerica, our colleagues are essential to our
success. We strive to provide you with the opportunity to grow and
develop, both personally and professionally, by offering a wide
range of programs that are designed to recognize, reward and
develop you throughout your career.Comerica demonstrates its
commitment to the communities it serves through a strong culture of
diversity and inclusion, community investment and environmental
commitment. We are recognized as one of the most community-minded
companies in the nation by Points of Light, earning a Top 10
ranking in Newsweek's list of America's Most Responsible Companies,
and ranked by DiversityInc as Top 4 regional companies for
diversity.Comerica Bank Center (CBC)8:00am -5:00pm Monday - Friday
work schedule has Onsite and Remote days determined by the
managerby Jobble
Keywords: Comerica, Roseville , Commercial Underwriting Officer in Detroit, Accounting, Auditing , Detroit, Michigan
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