Fifth Third Bank Business Banking Underwriter in Grand Rapids, Michigan
Fifth Third Bank is one of the top-performing banks in the country, with a heritage that spans more than 150 years. We've staked our claim on looking at things differently to making banking a Fifth Third Better. This applies to our relationships with customers and employees alike.
We employ about 18,000 people, and what we offer is:
# A chance for employees to build their future, with supportive career development and financial wellness programs.
# An environment where we win together. We celebrate achievement and work collaboratively. We're also a three-time Gallup Great Workplace honoree.
# An invitation to impact lives in a positive and lasting way. Everything we do is geared toward improving lives. That's fun and exciting.
It comes down to the fact that Fifth Third is a warm and caring place to with which to grow # as a customer or as a team member.
Fifth Third Bank's Business Banking division is recognized as an industry leader in helping companies reach their business goals as well as their personal financial goals. From treasury management solutions, to lines of credit and loans, to employee savings plans, we partner with small business owners to position their business for success.
The BB UW is primarily responsible for partnering with Credit Team, supporting the daily duties of underwriting and monitoring credit while performing analytical tasks as needed. In addition, a successful BB UW will be able to prepare documents and utilize various reporting tools to identify portfolio management activities and make
recommendations to the Credit Team. Oversee Portfolio Management $1Million and up. The BB UW is knowledgeable on financial and risk analysis and demonstrates proficiency in financial modeling.
Critical thinking skills are required for a BB UW, in addition to flexibility, a desire to learn, and an ability to work with numerous internal partners and build relationships. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a
positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
# Partner with Credit Team in credit and underwriting, performing analytical tasks as needed
# Use critical thinking to identify and draft documentation
# Responsible for regularly completing indicative credit information into Banking Systems with little to no errors
# Responsible for preparing risk-rating scorecard and tickler event analysis and determining actions based on results working in collaboration with the Credit Team
# Responsible for developing risk models and advising the Credit Team of unforeseen obstacles that may impede meeting client expectations
# Identify and determine monitoring analysis activities required
# Responsible for monitoring borrowing base process
# Partner with the Credit Team on the request and collection of the financial statement package needed for a renewal
# Verify covenants and define updates needed on ticklers
# Monitor covenant completion and track past due or out of compliance covenants and recommend appropriate course of action
# Responsible for assessing covenant compliance reporting and identifying issues
# Accountable for updating financial covenants and calculations as needed
# Run Probability of Default (PD) model with oversight
# Responsible for understanding and evaluating completed spreads to determine necessary edits working in collaboration with the CCU team
# Responsible for identifying and recommending preliminary portfolio management actions using Credit Service reporting and RADAR with some oversight
# Support the Credit Team with special projects
# Takes appropriate remedial actions to resolve deficiencies and escalates questions/disputes to appropriate level when necessary.
# May assist with training of new employees.
# May work on special projects as assigned by management.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: College degree in accounting,
finance or economics is preferred. 3+ years of credit analysis and/or loan review experience,
preferably in the banking industry. Must be proficient in basic software applications such as
Microsoft Access, Word and Excel. Familiarity with the Bank's internal applications is helpful.
Must be attentive to detail and possess excellent verbal and written communication and
Fifth Third Bank is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.