Underwriter (Life) reviews medical, occupational, financial, and legal information to select or reject individual or group life insurance applications. Calculates rates and premiums from approved decrement tables. Being an Underwriter (Life) may have contact with the field force for information on which to base decisions. May require a bachelor's degree. Additionally, Underwriter (Life) typically reports to a supervisor or manager. The Underwriter (Life) works on projects/matters of limited complexity in a support role. Work is closely managed. To be an Underwriter (Life) typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Job Summary:
Come and take your commercial lending career to new heights by joining an innovative digital bank providing specialty finance lending. As a Commercial Underwriter, you will have the benefit of being a part of a top tier team structuring and underwriting asset-based loans, factoring facilities, and equipment loans for businesses nationwide in a host of different industries. You will also be exposed to C-level executives on a regular basis and will regularly present new credit requests to credit committees that are comprised of various bank leaders and members of the Board of Directors. This position is best suited for a self-motivated and multi-skilled individual who is looking for experience analyzing and structuring moderate to complex transactions for TAB’s various commercial lending products, which include asset- based lines of credit, factoring facilities, and commercial term loans. As an underwriter, you can expect to work with many of the different departments of TAB Bank, including business development staff, portfolio and relationship managers, legal documentation specialists, and treasury management specialists. You will gain a broader understanding of the various aspects of lending through these interactions. You will also gain experience working with third-party professionals like brokers, field examiners, appraisers, and legal counsel. At TAB, a Commercial Underwriter is viewed as a project leader, and will be given opportunities to lead and mentor the credit analysts in the Commercial Underwriting Department.
Job Description
Daily responsibilities consist of: interfacing with prospective borrowers, obtaining and analyzing all required documentation from prospective borrowers, organizing and managing third parties contributing to the underwriting due diligence process, preparing full underwriting reports for presentation to credit committees, managing the legal due diligence and negotiation process, and managing the closing and funding process with the borrower and internal portfolio management and treasury teams. The Commercial Underwriter will also have credit authority to approve transactions up to $500,000.
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Knowledge, Skills, and Abilities Requirements:
TAB Bank Offers:
TAB Bank will not sponsor applicants for work visas.
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0 Underwriter (Life) jobs found in Layton, UT area