Group Underwriter jobs in Nampa, ID

Group Underwriter reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Group Underwriter calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Group Underwriter may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Group Underwriter work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Group Underwriter typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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SBA Underwriter
  • DL Evans Bank
  • Boise, ID OTHER
  • Job Description

    The SBA Underwriter is responsible for reviewing, credit structuring, documenting and processing loans secured by the Small Business Administration (SBA) to include 7(a) and Express loans. He or she reviews credit information both for new loans and for existing loans and makes recommendations for approval or decline. The SBA Underwriter identifies, analyzes, and evaluates loan risks and compensating factors and ensures the safety of Bank assets. He or she assembles loan packages and ensures that all loans underwritten and sent for approval are complete and meet the Bank's standards and procedures, the SBA’s standard operating procedures, and regulatory underwriting guidelines. In addition, he/she assists with the processing and closing of all SBA loans.

    Qualifications

    • High school diploma or GED required; Bachelor's degree in Business, Finance, or a related field preferred
    • At least four years of direct underwriting/credit analysis experience in a commercial lending environment required, preferably in a bank
    • Understanding of financial analysis, cash flow analysis, tax returns analysis, interpretation of balance sheets, accounting principles, and loan structuring required
    • Knowledge of SBA 7A and 504 lending programs, Standard Operating Procedures (SOP), and Servicing and Liquidation SOP required
    • Excellent written and verbal communication skills
    • Strong analytical skills
    • Able to use a computer, adding machine, copy machine, and basic business equipment


    Responsibilities

    • Determines SBA eligibility on all SBA loan requests and analyzes all requests efficiently
    • Reviews and analyzes financial data for SBA loans including, but not limited to, reviewing cash flow analysis, analyzing tax returns and income statements, reviewing and revising loan write-ups and financial statement spreadsheets
    • Evaluates the adequacy of the applicant's income and the probability that the customer will be able to meet expected financial obligations
    • Reviews potential borrower's assets and ensures that the assets meet lending requirements, they are derived from acceptable sources, and the Borrower has acceptable levels of reserves
    • Reviews the borrower's credit history by appraising the manner in which obligations have been met and financial affairs are being managed, and investigates derogatory credit
    • Reviews credit approval memos with recommendations consistent with D.L. Evans Bank Loan Policies and Procedures and SBA SOP policies
    • Evaluates collateral available to secure the SBA loan and ensures that D.L. Evans Bank used reasonable and prudent practices to identify and secure collateral properly
    • Ensures that all documentation is contained in the loan file and that the loan file is complete and meets underwriting standards and regulatory requirements to ensure the safety of Bank assets
    • Makes recommendations to the commercial loan officer and/or the approving officer for approval or denial of SBA loan
    • Reviews periodic borrowing base certificates, contracts, and complex draw requests for compliance
    • Performs periodic reviews of loans in the SBA portfolio as required by D.L. Evans Bank Policy
    • Completes a detailed review of the loan approval to determine borrowers, guarantors, collateral, and all other required closing requirements
    • Ensures accuracy of the loan file, including all SBA application documents, satisfaction of credit conditions, and compliance with SBA lending requirements
    • Reviews third party reports as necessary, including, but not limited to, appraisal, environmental, title, insurance, UCC searches, entity documentation (such as corporate by-laws and operating agreements), business valuation, and franchise agreements
    • Prepares Lender’s Application for Guaranty, submits for the SBA loan number, prepares the SBA Authorization, and pays the SBA Guarantee Fee in accordance with SBA rules and regulations
    • Monitors and directs monetary disbursements according to the SBA Loan Authorization and SBA’s Standard Operating Procedures
    • Assists with the credit analysis of servicing requests
    • Assists with the writing of SBA credit policies and procedures
    • Aids in the training and development of SBA lending bank-wide to help increase with knowledge of those who are processing SBA loans
    • Ensures that the reporting requirements to SBA’s FTA and Colson Services Corporation are complete, accurate, and submitted to the SBA in a timely manner for all sold and unsold loans
    • Balances and maintains internal bank GLs and related 1502 report information used to initiate wire transfers on behalf of the bank to Colson Services Corporation or to third party investors
    • Assists the SBA officers in preparation of packages for guaranty requests (Ten Tab Purchase Request) and with all necessary requested follow-up with the SBA
    • Develops, generates, and maintains a high risk loan portfolio report to track timeliness of lender actions, liquidation completion, and guaranty requests
    • Maintains a working knowledge of all internal policies and procedures as well as laws and regulations relating to SBA loan documentation
    • Maintains the professional reputation of D.L. Evans Bank and promotes D.L. Evans Bank at all times
    • Serves as a representative of D.L. Evans Bank and participates in community activities


    Company Description

    D.L. Evans Bank is a community bank and has been since 1904. For many years, we have provided premier banking services to the residents of Southern Idaho and Northern Utah while fostering a working environment for our employees dedicated to teamwork and excellent customer service. If you are a dynamic and customer-driven individual, whether an experienced banker or just beginning your career, we encourage you to continue with this applicant friendly, online job application!

    D.L. Evans Bank is an Equal Opportunity Employer (EOE/AA/W/M/Vets/Disabled). VEVRAA Federal Contractor.



    Benefits

    • Medical Insurance
    • Dental Insurance
    • Vision Insurance
    • FSA
    • 401(k)
    • Employee Stock Ownership Plan
    • Paid Vacation
    • Sick Time
    • Life Insurance
    • Long-term Disability Insurance


  • 20 Days Ago

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Associate Underwriter
  • Moreton & Company
  • Meridian, ID FULL_TIME
  • SUMMARY Provide underwriting, reporting, database management and technical consulting for all new and existing employee benefit accounts with 100 employees. Evaluate health plans, funding arrangements...
  • 8 Days Ago

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Associate Underwriter
  • CopperPoint Insurance Company
  • Meridian, ID FULL_TIME
  • CopperPoint has an exciting opportunity for an Associate Underwriter. The Associate Underwriter assists the Underwriter in the quoting, issuance, and maintenance of new and renewal business. The perso...
  • 1 Month Ago

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Sr. Agribusiness Commercial Underwriter
  • Berkley
  • Meridian, ID OTHER
  • Company Details Berkley North Pacific is a regional insurance company that offers niche products and specialized coverages through local independent agency partners. We differentiate ourselves in the ...
  • 19 Days Ago

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Personal Lines Underwriter
  • Hub International
  • Boise, ID OTHER
  • Hub International
  • 2 Days Ago

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Instant Quote Associate Underwriter (Boise)
  • USLI
  • Boise, ID FULL_TIME
  • USLI is seeking candidates to join our innovative, fun and collaborative Instant Quote team. This could be your opportunity to transition from a sales or customer service role into underwriting with a...
  • 6 Days Ago

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0 Group Underwriter jobs found in Nampa, ID area

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Remote Sales Representative - Work From Home
  • Symmetry Financial Group
  • Boise, ID
  • Job Description Overview: We are seeking a highly motivated and results-driven Life Insurance Sales Representative to jo...
  • 3/28/2024 12:00:00 AM

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Remote Life Insurance Sales- High Commissions
  • Ea Agency / Symmetry Financial Group
  • Boise, ID
  • Life Changing Remote Life Insurance Career Must be authorized to work in the US, no work visas offered at this time. The...
  • 3/28/2024 12:00:00 AM

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Remote Insurance Agent
  • Symmetry Financial Group The Clayton Agency
  • Nampa, ID
  • Simple Solutions Financial Service needs the right agents to help our growing clientele build an asset and not a liabili...
  • 3/27/2024 12:00:00 AM

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Entry Level Remote Sales
  • Symmetry Financial Group The Clayton Agency
  • Caldwell, ID
  • Simple Solutions Financial Service needs the right agents to help our growing clientele build an asset and not a liabili...
  • 3/27/2024 12:00:00 AM

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Remote Salesperson Work From Home Part Time Full Time
  • Symmetry Financial Group
  • Boise, ID
  • Job Description As a Remote Sales Specialist, you'll be responsible for promptly contacting exclusive in-house leads to ...
  • 3/27/2024 12:00:00 AM

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Senior Data Scientist (Remote Consideration)
  • Careerbuilder
  • Garden City, ID
  • Lincoln Financial Group Senior Data Scientist (Remote Consideration) Boise , Idaho Apply Now Alternate Locations: Radnor...
  • 3/27/2024 12:00:00 AM

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Remote Sales Representative Work From Home Part Time Full Time
  • Symmetry Financial Group
  • Boise, ID
  • Job Description As a Remote Sales Specialist, you'll be responsible for promptly contacting exclusive in-house leads to ...
  • 3/25/2024 12:00:00 AM

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Remote Sales Associate - Part-Time & Full-Time Opportunities Available!
  • Symmetry Financial Group
  • Boise, ID
  • Job Description Are you ready to take charge of your career in sales? The Spivey Agency is seeking motivated individuals...
  • 3/25/2024 12:00:00 AM

Nampa (/ˈnæmpə/ (listen)) is the largest city of Canyon County, Idaho. The population of Nampa was 81,557 at the 2010 census and, as of 2018, is the third-most populous city in Idaho. Nampa is about 20 miles (32 km) west of Boise along Interstate 84, and six miles (10 km) west of Meridian. Nampa is the second principal city of the Boise-Nampa metropolitan area. The name "Nampa" may have come from a Shoshoni word meaning either moccasin or footprint. Nampa is located at 43°34′29″N 116°33′49″W / 43.57472°N 116.56361°W / 43.57472; -116.56361 (43.574807, -116.563559). According to the United St...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Group Underwriter jobs
$51,605 to $66,835
Nampa, Idaho area prices
were up 2.5% from a year ago

Group Underwriter in Lubbock, TX
Responsible for determining acceptability of insurance risks and appropriate premium rates for renewal and prospect employer groups in accordance with corporate underwriting guidelines and authority limits.
February 05, 2020
Group Underwriter in Tucson, AZ
We do, however, offer opportunities to get connected, and be mentored through our various ARGs (Associate Resource Groups).
December 30, 2019
Group Underwriter in Lincoln, NE
The underwriter accepts all the risk and uses past claims along with demographics, trend factors and inflation factors to estimate future claims and arrive at a premium.
January 02, 2020