DFCU Financial Looking for VP Sr Underwriter at Dearborn, Michigan Full Time

Join the DFCU Financial team today, and discover the benefits, rewards and development opportunities from one of Michigan’s largest and best managed credit unions. The Opportunity: DFCU Financial is seeking a VP, Sr Underwriter to join our Commercial Banking team. In this role, qualified candidates will perform all duties related to underwriting a loan request (whether new, existing, or for a periodic annual review) and assist in monitoring the commercial loan portfolio (such as covenant testing, borrowing base monitoring, etc.). Underwriting entails understanding and analyzing business financial statements, including balance sheets, income statements and statement of cash flows. A working knowledge of commercial loan types, collateral, structures, and practices is needed as well. Underwrite loan applications to render decisions and communicate required information to appropriate individuals. Assist loan officers with collection of financial information and any other reporting requirements. Serve as a resource for members and branch personnel on underwriting and compliance questions. What You’ll Do: Prepare loan approvals containing complete and accurate analysis, including highlighting a borrower’s strengths and weaknesses to enable an approver to make an informed decision. Spread and analyze financial statements; analysis to include, but not limited to, global cash flow analysis, working capital, liquidity, leverage, trend analysis, margins, expenses, collateral valuation, and guarantor analysis. Assist in portfolio monitoring process by preparing periodic relationship reviews, testing financial covenants, and monitoring borrowing bases. Meet expected service levels related to recommended loan decision and due diligence requirements. Collect application and due diligence information from loan officers. Contribute to the achievement of the Commercial Banking team goals as it relates to revenue growth, portfolio growth, asset quality and compliance. Maintain knowledge of DFCU policies and procedures. Maintain knowledge of Business Compliance Regulations. Maintain loan files in OnBase. Respond to business lending phone inquiries from internal departments. Provide exceptional customer service. Assist management as required. What You’ll Need: Four-year degree, accounting or finance preferred, or equivalent related experience. Master’s Degree with a business focus preferred, but not required. Ten years or more of commercial lending or credit experience. Demonstrated ability for high attention to detail. Demonstrated ability to underwrite and analyze more complex credit transactions. Demonstrated financial institution product and service knowledge. Consistent positive, cooperative, self-motivated, courteous and professional attitude. Ability to verbally communicate appropriately with others, and appropriately respond to a supervisor. Demonstrated interpersonal skills, including effective verbal and written communication. Ability to manage multiple and changing deadlines with limited supervision. What We Offer: 401k plan match, dollar for dollar up to 4% 401k additional employer contribution after one year at 5% Medical, dental and vision insurance Health savings account (HSA) Flexible spending accounts for medical and dependent care expenses Wellness initiatives and reimbursements Pre-paid legal services plan Identity protection plan Accident supplemental plan Short & long term disability plans paid for by company Company provided basic life insurance of $50,000 plus supplemental for employee, spouse and child Free financial planning assistance Numerous fun employee events throughout the year Volunteer and community engagement opportunities Discounts with local and national companies through DFCU Perks New employee breakfast with the President Service / anniversary awards New employee discounts for company logo wear Recognition and awards for outstanding team and individual performance (branch and member service center employees) Gain share / bonus program Employee referral payouts for recruiting your friends and family Paid lunch time Cash incentives for obtaining performance goals Tuition reimbursement / Education assistance Ongoing training opportunities Leadership development program Paid time off Paid holidays ( 10 per year) Flexible scheduling for students Equal Opportunity Employer / Disabled / Veterans Other details Pay Type Salary Apply Now 400 Town Center Dr, Dearborn, MI 48126, USA

Date Posted: 27 October 2022

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