What are the responsibilities and job description for the Commercial Underwriter position at Comerica Bank?
Comerica 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, conservative principles, 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.
Commercial Underwriting Program
The Commercial Underwriting Program is designed to jumpstart a challenging career as a Credit professional within Commercial Underwriting. In this program, you will build a strong credit foundation and develop technical underwriting skills within one or more of our Commercial Bank Lines of Business.
Program Structure and Development Opportunities
- 18 - 24-month training program with blended learning experience, including classroom and on-the-job training
- Professional career development through assessments, coaching, team building, and mentoring
- Exposure to senior and executive leadership
- Collaborative and supportive team environment
- Gain 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, Energy
- Program Footprint: Dallas, TX, Houston, TX, Costa Mesa, CA, San Jose, CA, and Detroit, MI
Key Responsibilities:
- Prepare loan approval packages, in partnership with Relationship Managers and Portfolio Managers, for credit decisioning.
- Provide complete analysis of loan approval package for new credit requests, as well as annual reviews of existing relationships, utilizing the various underwriting methods as established by Credit Administration.
- Analyze financial information to identify key strengths and credit risks and mitigating factors associated with credit requests.
- Determine appropriate loan structures and banking solutions to meet customer needs
Monitor credit exposure for portfolio relationships.
Position Qualifications:
Minimum Qualifications
- Bachelor's Degree in Business, Economics, or similar degree field; including the completion of two (2) Accounting courses (6 units)
- Completion of Comerica's Credit College or other formal credit training
- 1 year of commercial underwriting, credit and/or lending experience
- 1 year of experience with Microsoft Office Applications (Word, Excel, PowerPoint, Outlook)
Preferred Qualifications:
- Bachelor's Degree in Business, Economics, or similar degree field; including the completion of two (2) Accounting courses (6 units) with a 3.0 overall GPA and 3.0 in Accounting courses
- Completion of Comerica's Credit College or other formal credit training
- 1 year of commercial underwriting, credit and/or lending experience
- 1 year of experience with Microsoft Office Applications (Word, Excel, PowerPoint, Outlook)
Seeking candidates with:
- Excellent verbal and written communication skills
- Exceptional analytical, problem solving, and technical aptitude
- Time management skills and ability to handle multiple assignments
- Strong customer focus
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.
8:00am - 5:00pm Monday - Friday. This position includes onsite and remote work days as determined by the manager.
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