Commercial Underwriter jobs in Renton, WA
Recently Added Commercial Underwriter jobs
Commercial Underwriter
- Global Credit Union
-
Renton, WA
FULL_TIME
-
Overview
Reports to: Credit Administration Manager
Functions Supervised: None
Primary Functions: Responsible for providing an independent comprehensive written evaluation of commercial loans and relationships. This position will also assist in the preparation of annual reviews.
Duties and Responsibilities:
- Evaluates financial statements and prepares independent written credit evaluations. Reports will include a comprehensive evaluation of businesses and commercial real estate and will be used by management in approving credit requests. Reports should adequately summarize the important aspects of the business including a detailed financial analysis, management competencies, collateral evaluation, and guarantor support. Analyses will identify the key strengths and weaknesses for that particular credit request. Analyses may also include an evaluation of the borrowers industry and the borrowers position within the industry.
- Makes recommendations to Commercial Loan Officers and Credit Approvers regarding credit structure and policy compliance.
- Makes recommendations regarding credit risk rating of commercial accounts and assesses collateral quality and values.
- Completes corporate and personal financial statement spreading in the designated system. Completes global cash flows when appropriate.
- Effectively partners with Credit Administration to improve efficiencies of operation, minimize risk, and expand sales opportunities.
- Work collaboratively with sales team to achieve commercial credit objectives, goals and provide outstanding member service.
- Conduct annual credit reviews on relationships analyzing and documenting risks, strengths and weaknesses.
- Develop a solid understanding of the Statement Spreading software.
- Maintain in-depth knowledge of NCUA regulations and credit union policies and procedures as they relate to commercial lending.
- Provides underwriting support for the SBA loan program as needed.
- Perform other duties as assigned.
- Short-term and long-term incentives
- Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
- 401(k) plan with a 5% match
- Employee Assistance Program (EAP)
- Life and disability coverage
- Voluntary cash benefits for accident, hospitalization and critical illness
- Tuition Reimbursement
- Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
- Click here to view Global’s comprehensive Benefits Programs.
- 1 Month Ago
Qualifications
Education: Bachelor's degree in Business Administration or related field.
Creditable Experience in Lieu of Education: Minimum of 2 years direct business/commercial lending, underwriting or portfolio management experience within a financial services organization.
Experience/Skills: Solid understanding of accounting, financial statement analysis, interest calculations and loan documentation. Additional experience spreading financial statements, performing ratio analysis and the ability to formulate an independent credit view is desired. Must also demonstrate strong organizational and communication skills, along with solid analytical and computer skills to include Excel, Word, Outlook and Statement Analyzer or other equivalent financial statement spreading software.
Tenure: Senior Commercial Underwriter, Category 07, requires 3 years tenure in the Commercial Underwriter position with performance that meets or exceeds expectations and a promotion recommendation by the supervisor or manager. Directly related work experience and/or accelerated training completion may be substituted for tenure.
Compensation
Commercial Underwriter (Category 08)
Salary Pay Range: $72,717 - $119,983 annually. Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above.
In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.
Benefits
Equal Opportunity Employer
Commercial Surety Underwriter
- IAT Insurance Group
-
Bellevue, WA
FULL_TIME
- IAT Surety has an immediate opening for a Commercial Surety Underwriter in Bellevue, Washington. This role will act to serve as a point member of our underwriting team, handling routine underwriting r...
- 17 Days Ago
CRE Underwriter
- Umpqua Bank
-
Kirkland, WA
FULL_TIME
- About Us: Umpqua Bank is a publicly traded financial holdings company, headquartered in the Pacific Northwest with 6,000 employees, which offers banking services to customers throughout the nation. It...
- Just Posted
Producer / Field Underwriter
- Gill Agency
-
Seattle, WA
FULL_TIME
- Do you want complete control of your schedule? When and where you work?Do you want a sales opportunity that has the potential to generate passive income?Ongoing Live Training?We are currently seeking ...
- 18 Days Ago
Sr. Underwriter I
- CopperPoint Insurance Companies
-
Seattle, WA
FULL_TIME
- At CopperPoint Family of Companies, we recognize that our employees are what set us apart. At our very core, we believe that we can’t take care of others if we’re not also taking care of our greatest ...
- 15 Days Ago
Remote - Field Underwriter
- Thompson Agency
-
Seattle, WA
FULL_TIME
- MUST HAVE: Ready to start IMMEDIATELYWINNERS MindsetSelf-MotivatedHUNGRY TO WINGoal OrientedBeliever in Self-Discipline Driven to be GREATLoyalty and IntegrityAble to work with a team **If you don't m...
- 29 Days Ago
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0 Commercial Underwriter jobs found in Renton, WA area
Bothell, WA - Field Inspector - Insurance Loss Control
- H & S Loss Control Inspections
-
Bothell, WA
- Qualified Field Inspectors for Insurance Loss Control are needed in your area! Immediate placement available. Pay: We pa...
- 4/26/2024 12:00:00 AM
Claims Adjuster
- Pacific Compensation Insurance Company
-
Seattle, WA
- ** Claims Adjuster** **Job Category****:** Insurance Claims Adj **Requisition Number****:** CLAIM01143 Showing 1 locatio...
- 4/25/2024 12:00:00 AM
Underwriting Technical Assistant
- Ryan Specialty
-
Bellevue, WA
- Position Summary: The ideal candidate has a strong business background and is seeking a career in a rapidly expanding co...
- 4/24/2024 12:00:00 AM
Bellevue, WA - Field Inspector - Insurance Loss Control
- H & S Loss Control Inspections
-
Bellevue, WA
- Qualified Field Inspectors for Insurance Loss Control are needed in your area! Immediate placement available. Pay: We pa...
- 4/24/2024 12:00:00 AM
Underwriting Technical Assistant
- Ryan Specialty Group
-
Bellevue, WA
- Position Summary: The ideal candidate has a strong business background and is seeking a career in a rapidly expanding co...
- 4/24/2024 12:00:00 AM
Sales - Field Underwriting Territory Representative
- Cincinnati Insurance Company, Inc.
-
Seattle, WA
- Description: Make a difference with a career in insurance At The Cincinnati Insurance Companies, we put people first and...
- 4/23/2024 12:00:00 AM
Associate Underwriter II (Hybrid or Remote)
- Mid-Continent Group
-
Seattle, WA
- Essential Job Functions and Responsibilities: Underwrite, price, and negotiate accounts consistent with the quality of t...
- 4/23/2024 12:00:00 AM
Surety Bond- Underwriter or Senior Underwriter (Seattle)
- Swiss Re
-
Seattle, WA
- About The Role: Underwrite contract surety bonds in conformance with NAS Surety Group underwriting guidelines to determi...
- 4/23/2024 12:00:00 AM
About Renton, Washington
Renton is a city in King County, Washington, and an inner-ring suburb of Seattle. Situated 11 miles (18 km) southeast of downtown Seattle, Renton straddles the southeast shore of Lake Washington, at the mouth of the Cedar River.
After a long history as an important salmon fishing area for Native Americans, Renton was first settled by people of European descent in the 1860s, and its early economy was based on coal mining, clay production, and timber export. Today, Renton is best known as the final assembly point for the Boeing 737 family of commercial airplanes, but it is also home to a growin...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Underwriter jobs
$60,326 to $81,198
Renton, Washington area prices
were up 2.8% from a year ago
were up 2.8% from a year ago
What does a Commercial Underwriter do?
Commercial Underwriter
Develop a thorough understanding of all Constructive Loans product and program underwriting guidelines, documentation requirements and processing, underwriting, closing and post-closing procedures.
November 09, 2022
Handle underwriting decisions on new business, renewals and referrals that fall outside the guidelines and within delegated authority levels.
February 06, 2023
Provides support to Commercial Bankers, Bank executives, loan officers, retail bankers, loan administrators and/or process administrators by answering queries and providing training on basic lending issues.
February 19, 2023
Monitor exposure of individual risks by the review of pictures, inspections, claims, consumer reports, renewal surveys, audits and communications with Farm Bureau Insurance agents.
March 22, 2023
Demonstrated knowledge of commercial lines underwriting, risk management and agency management to include technical principles of rating and pricing commercial lines business based upon individual risk criteria to promote underwriting profitability.
April 04, 2023
Prepares business case memos and participates in business case discussions, subsequent meetings with bank management, industry specialists, and other interested parties.
April 07, 2023
Evaluates strengths and weaknesses of the credit and escalates risks and other issues to MCU and/or RM or PM (Portfolio Manager).
April 16, 2023
Understands and uses financial information, tools and expense management principles to accomplish day-to-day work and maximize profitability.
April 28, 2023
Review and analyze all documents within or associated with the underwriting file to establish accuracy in identification and minimizing the risk of exposure, utilizing change requests, claim information, loss control and outside databases to identify changes in exposure to risk.
May 21, 2023
Assist Commercial Relationship Managers (RMs) in managing workflow via a pipeline process with regard to the prioritization of new prospects, modifications, renewals/upcoming maturities, as well as Portfolio Reviews and Special Asset Reports while developing a working knowledge of all prospective opportunities through the process.
May 21, 2023