Business Underwriter Resume Sample
Adam Cremin
571 Mills Prairie,
New York,
NY
+1 (555) 208 7843
Work Experience
Senior Small Business Underwriter
03/2018
-
PRESENT
New York, NY
- Perform in accordance to the bank’s efficiency standards
- Effective time management in meeting the bank’s efficiency standards
- Stand 10-15% of workday
- Sit 85-90% of workday
- Use computer keyboard, typewriter, 10-key, and other office equipment
- Analyze financial data related to new and renewal loan requests, including lines of credit, commercial real estate, and equipment financing loans
- Present facts and offers opinions/recommendations concerning applicant’s creditworthiness using the loan origination system
Small Business Underwriter
10/2015
-
01/2018
Dallas, TX
- Participate in discussions with Small Business Team Leaders and Retail Banking Associates related to credit requests under consideration
- Demonstrate compliance with all bank regulations that apply to your position, and keep up to date on regulation changes
- Maintain working knowledge of our policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations that apply to your position
- Previous experience in a lead or supervisory role helpful
- Advanced analytical and problem-solving skills with prior commercial lending experience as well as wide-ranging and in-depth knowledge of industry practices
- Evaluates proposed loan structures along with application risk which considers credit bureau, Lexis/Nexis and other information with the objective of balancing risk and reward, given SC’s defined buy box and risk appetite
- Analyzes credit applications based on dealership’s program and that puts the dealer in a profitable position
- Perform a thorough analysis to ensure the quality of each loan and to determine compliance with company or investor guidelines
Business Underwriter
05/2012
-
09/2015
Houston, TX
- Effectively make decisions in an independent manner
- Able to interact with all levels of staff and management
- Able to multitask, problem solve proactively and think creatively
- Effectively communicate, work with, and build relationships with both internal and external customers
- Advanced tax return analysis skill required
- Experienced residential appraisal review
- Computer Skills: Microsoft word, excel, and Outlook
- Presents facts and offers opinions/recommendations concerning applicant’s credit worthiness using the loan origination system
Education
University of Mount Union
2007 - 2012
Bachelor's Degree in Finance
Professional Skills
- Experience in credit administration, loan underwriting, commercial lending or a combination
- Experience in credit administration, loan underwriting, commercial lending or a combination.
- Four to five years of experience in credit analysis and/or underwriting activities
- Position requires ability to travel and a valid state issued driver’s license in good standing
- Experience in commercial credit analysis or small business underwriting
- Experience working in a Small Business credit environment
- Working under pressure and with exacting deadlines
How to write Business Underwriter Resume
Business Underwriter role is responsible for credit, software, travel, insurance, lending, training, finance, health, commercial, mortgage.
To write great resume for business underwriter job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Business Underwriter Resume
The section contact information is important in your business underwriter resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Business Underwriter Resume
The section work experience is an essential part of your business underwriter resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous business underwriter responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular business underwriter position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Business Underwriter resume experience can include:
- Excellent PC application skills
- Provide pricing and plan design for cases with 500 or more employees utilizing prior claim experience and manual rates
- Experience in small business, or commercial underwriting
- Proven ability to review, analyze and verify financial documents such as business and personal Tax Returns, bank statements, credit reports, etc
- Completion of a formal credit training or credit underwriting
- Develop proficiency in using the loan origination application processing system
Education on a Business Underwriter Resume
Make sure to make education a priority on your business underwriter resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your business underwriter experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Business Underwriter Resume
When listing skills on your business underwriter resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical business underwriter skills:
- Real passion for transforming small business lending, and helping small businesses access capital quickly, easily, and at good rates
- Working knowledge of a various related software applications, including spreadsheets, word processing, etc
- Understanding of the Guardian’s various computer systems ( LOTUS Notes, SIMON, Zeus, Phoenix, Guardian Anytime, GCRS, Seibel, CPS, GPUM)
- Provides support to loan officers, branches and/or loan processors by answering queries and providing training on basic lending issues
- Handle administrative processing of cases (obtains missing information, completes risk letters, NBD). Document case decisions and underwriting rationale
- Conduct training for sales and/or underwriting staff as needed
List of Typical Skills For a Business Underwriter Resume
1
Skills For Small Business Underwriter Resume
- Generous Paid Time Off (PTO) Program – We realize people have different needs and reasons to be away from the office. Our PTO program is built around flexibility in order to meet your needs
- Medical, Dental and Vision Coverage – Healthy teammates are the foundation of helping the Bank achieve our mission of providing customers with value-added financial solutions
- Health & Wellness Program – Each year, teammates have the opportunity to engage in health & wellness programs that encourage healthy lifestyles and behaviors. We all need a little extra help on occasion. Employee Assistant Programs (EAP) assists teammate during those times
- Offer cross-sell opportunities to applicants that demonstrate the financial capacity to service the debt
- Recommends commercial loan risks rating grades as part of the loan underwriting process, annual reviews, other interim reviews
2
Skills For Commercial / Small Business Underwriter Resume
- Retirement Program – Planning for a future is key and teammates can be confident in a 401K participation and Bank match program
- Teammate Banking Benefits - Teammates are eligible for fee-free accounts, safe deposit boxes and other services
- Perform accurate financial analysis to determine the risk classification according to company guidelines
- Advanced knowledge of credit analysis, underwriting, administration, policies and procedures
- Seeks alternative means of financing or counter offers for all borrowers when it is determined original request cannot be granted
3
Skills For Large Market New Business Underwriter Resume
- Responsible for automobile travel within territory traveling to agent offices. Car travel represents approximately 20-30% of employee’s time
- Consult with risk committee, Management, Consultants and SBUs
- Effectively work as part of a regional Underwriting Team. Proactively support sales by effectively managing cases, identifying trends and opportunities in support of key financial and performance measures
- Participate in project work or on teams to develop or improve underwriting processes
- Assemble, collect and verify accuracy of documentation needed for booking sound and safe loans
- Contribute to the Bank's profitability by making small business loans which meet the Bank’s standards for economic value and safety
- Apply knowledge of Federal and State legislation related to Group Insurance Products
- Respond to inquiries from Customer Service Delivery (New Business & Benefit Services,
4
Skills For Senior Small Business Underwriter Resume
- Recommend terms and conditions of loans that best fits the customer and the bank
- Travel to the Sales, Broker, and Planholder offices as needed
- Travel to Industry conferences as needed
- Reviews, analyzes, and prepares quotes, new business, endorsements, and renewals, within referral guidelines for position
- Prepares recommendations on referral files outside of authority
- Tracks and analyzes performance and profitability trends within territory
- Accurately reviews financial statements and tax returns submitted by applicants and evaluate their ability to repay
5
Skills For Comerica Loan Center Business Underwriter Resume
- Underwrites, performs renewals or reviews of loans up to $5MM
- Underwrites and approves, conditions, or declines new loan requests, renewals and annual reviews up to the limit of his/her commercial loan authority in accordance with Capital One Bank loan policy and portfolio performance objectives. Maintains up to $500,000 in commercial loan authority for secured and unsecured loans
- Delivers a great overall customer experience working closely with the Business Loan Advocates that are accountable of the end to end loan process from application to funding
- Is proactive about identifying and delivering improvements in our Small Business policy, underwriting, and/or risk management, performs special project work as appropriate
- Contributes to department training. Helps coach other individuals in the team (e.g. Underwriter I and Credit Analyst roles)
- Underwrites and approves, conditions, or declines new loan requests and renewals up to the limit of his/her commercial loan authority in accordance with Capital One Bank loan policy and portfolio performance objectives. Maintains up to $1,000,000 in commercial loan authority for secured and unsecured loans
6
Skills For New Business Underwriter Resume
- Underwrites and then recommends approval on loan requests that are in excess of his/her commercial loan authority. These requests are submitted to either an Underwriting Manager or Credit Officer for final approval
- Delivers – and ensures his/her assigned group of underwriters deliver – a great overall customer experience working closely with the Business Loan Advocates that are accountable of the end to end loan process from application to funding
- Ensures appropriate application of all bank and line of business policies and procedures; supporting and driving adherence to regulatory compliance requirements
- Serves as thought leader in identifying and delivering improvements in our Small Business policy, underwriting, and/or risk management, driving special project work as appropriate
- Possess good judgment, ability to make sound decisions
7
Skills For Senior Credit Analyst / Business Underwriter Resume
- Helps drive department’s underwriting training
- Responsible for automobile travel within territory traveling to agent offices. Car travel represents approximately 10-20% of employee’s time
- Responsible for automobile travel within territory traveling to agent offices. Car travel represents approximately 10% of employee’s time
- Shape the team, set project goals, and plan for efficient underwriting workflow as the business scales
- Processes new loan requests, renewals and modifications by reviewing applications, credit histories, collateral and relationship with bank (other accounts)
- Prepares term sheets outlining the approved terms and conditions for all real estate secured loans
8
Skills For Business Underwriter Resume
- Prepares decline letters to maintain ECOA compliance; issues counteroffer letters, NOI’s, and SBA Contingent letters
- Advanced knowledge of business & personal financial statements/tax returns
- Advanced knowledge of the SBU products and policies
- Analyze financial documents and traditional and nontraditional credit information
- Provide feedback and improvements to craft credit policies and procedures
- Seeks higher approval authority when required by Total Corporate Exposure or policy exceptions
9
Skills For Small Business Underwriter Resume
- Evaluates request for credit, approves or denies based on authority level within accepted bank policies/procedures and applicable regulatory guidelines
- Determines terms and acceptability of risk of prospective business lines
- Possesses and utilizes the ability to evaluate data and make decisions required based on high risk factors
- Specifies conditions for loan approval to loan officer
- Submits declined loans to manager for second review
- Analyzes personal and business tax returns and completes debt service worksheet
- Develop and maintain effective relationships with manager and peers, as well as strong partnerships with Agency Personnel within the the assigned territory. Communicate openly and in a timely fashion to team members on individual progress and shares information
10
Skills For Commercial / Small Business Underwriter Resume
- Review of credit reports to determine credit pattern, current liabilities, outstanding judgments and collections
- Provide a written summary of loan details which clearly documents any exceptions to company guidelines and appropriate compensating factors
- Review of residential mortgage appraisal forms
- Analyze asset statements for all types of asset accounts
- Analyze income from salaried, commissioned, self-employed, investments, fixed income sources
- Determine monthly income based on bank statements and/or asset depletion
- Knowledge of the requirements to meet CFPB's Ability to repay standard
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