Shore United Bank is seeking a full-time
Senior Commercial Underwriter to join our team. The Senior Commercial Underwriter is considered a credit analysis SME and is primarily responsible for underwriting the most complex commercial loan requests on a self-directed basis. This includes interfacing with the account officer to ensure the loan is properly structured and risk rated, compliant with regulations and bank policy, and that all relevant information has been obtained to identify and mitigate potential risk to the bank. The underwriter will be required to compile a final approval package for submission to the appropriate approval authority including financial statement spreads, global cash flow worksheets, written narratives, and supplementary tables and charts, which will require the review of source documents including, but not limited to, financial statements, tax returns, credit reports, and legal documents.
The Senior Underwriter may be responsible for training, mentoring, or consulting with less experienced Underwriters, reviewing draft approval packages for quality control, or other duties as assigned, and is typically responsible for oversight of certain administrative duties to support the credit analysis function.
Essential Functions Include:
- Receives data on prospective and active borrowing accounts, i.e., financial statements, agency reports, and interview and investigation sheets.
- Analyzes data and evaluates the short- and long-run prospects of the individual or company.
- Recommends to appropriate personnel on the granting or denying of loans; prepares sufficient information to document recommendations.
- Supports loan grade after conducting a thorough credit analysis and documentation review.
- Provides thorough documentation of all financial analysis work, including ratios and other related information.
- Ensures that all credit analysis activities are conducted in accordance with prescribed lending policy.
- May exercise loan authority to approve, restructure or deny commercial loan requests while protecting the Bank and meeting the needs of its clients.
- Identifies and responds to opportunities to communicate affiliates products and services to promote the image of the affiliate and promote Shore Bancshares’ community of companies’ products and services to potential customers and referring those customers to the proper personnel.
- Achieves goals assigned to the Senior Commercial Underwriter as part of the assigned department's annual operating plan.
- Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the workplace.
- Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g. Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.
- Participates in required training sessions, including training for compliance with BSA/AML policies and procedures.
Location:
Westgate Office - 200 Westgate Circle Suite 200 Annapolis MD 21401
Position Type/Expected Hours of Work:
- Full-time.
- Exempt.
- Days of Work: Monday-Friday.
Required Education and Experience:
- A Bachelor’s degree in Business Administration, Economics, Finance, Accounting, or related discipline preferred.
- A minimum of 5-7 years of experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis
Compensation:
- The pay range for this position is $93,400 to $141,800 annually.
- Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.
Company Benefits:
- Join a family and community-oriented workplace that offers a team environment, along with a collaborative and friendly place to work.
- Comprehensive benefits package for full-time employees including health, dental, vision, company-paid life insurance, mental health well-being, short-term and long-term disability, and much more!
- Paid parental leave
- 401k savings plan with up to a 4% company match
- Employee Stock Purchase Plan
- Employee perks such as: employee banking services, loan discount program, education assistance, career development program, Employee Assistance Program, and wellness initiatives.
- Opportunity for growth and advancement
- Paid training program and continuous training sessions throughout the year on various topics
- Generous paid time off and paid sick time
- Community involvement opportunities
Shore United Bank is a full-service financial institution with a rich history dating back to 1876. In excess of $6 billion in assets, we offer innovative financial services delivered with the personal touch you expect. We serve a broad geographic area with branches in Maryland, Delaware, and Virginia, and we also provide a comprehensive suite of digital banking services that allow you to bank with us no matter where life takes you. In addition to banking, we offer trust and wealth management services through Wye Trust, a division of Shore United Bank.
Together, our team of experienced professionals is dedicated to helping you achieve your financial goals.
Shore United Bank: Good things are happening here. ®
Shore United Bank is an Affirmative Action/Equal Opportunity Employer. Shore United Bank is an E-Verify participant.
