Job Description:
Burke & Herbert Bank & Trust

JOB DESCRIPTION

Summary/Objective

The Commercial Underwriter shall perform financial analysis and risk assessment on Commercial & Industrial and Commercial Real Estate transactions. This function is designed to provide an evaluation of the strengths and weaknesses in commercial loan requests that will assist management in determining if the overall risk in a credit request is acceptable to the Bank. In addition, this position may be asked to apply their financial analysis skills to assist other areas of credit risk management.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Prepare timely, high quality credit analysis and recommendations that accurately describe the transaction along with risk and mitigating factors associated with the loan request.
• Utilize financial spreading software as well as other financial analysis tools to evaluate borrower’s cash flow and determine adequacy of the borrower’s primary and secondary repayment sources.
• Research and investigate applicable market data using industry related tools such as CoStar and Vertical IQ.
• For real estate transactions, basic understanding of property operating statements, leases, rent rolls, real estate schedules and the ability to perform detailed cash flow analysis using CRE templates. Ability to perform stress testing scenarios on construction projects and stabilized income producing real estate properties.
• For C&I transactions, ability to understand cash flow cycles, conduct sensitivity analysis, evaluate Borrower’s cash flow and its ability to provide adequate debt coverage for the proposed transactions as well as determine cushions of protections.
• Experience in analyzing and interpreting all levels of financial statement quality.
• Ability to analyze complex personal financial statements and personal tax returns of sponsors/guarantors as well as contingent debt.
• Assign risk rating based on risk rating methodology and Bank loan policy.
• Partner with Commercial Lending in the preparation of loan presentations for Executive and Board Loan Committees.
• Perform routine annual reviews of relationships, as requested.
• Attend client meetings, as appropriate, to support underwriting requests.

Other Duties

• Complies with all policies and procedures of the Bank.
• Perform other duties as assigned.

Skills/Abilities

• Basic knowledge of analyzing financial statements
• Ability to work well with others and meet designated deadlines.
• Excellent verbal and written communication skills.
• Computer literate with proficiency in Microsoft Office applications.
• Excellent organizational skills.
• Attention to detail.
• Ability to work independently while meeting processing standards for quality and quantity.
• Experience with Financial Spreading software.
• Experienced with industry related tools.

Supervisory Responsibility

This position has no supervisory responsibilities.

Work Environment

This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.

Physical Demands

This position requires manual dexterity, the ability to lift files and open cabinets. This position requires bending, stooping or standing as necessary.

Travel

Travel may be required for this position.

Education and Experience

• Bachelor’s degree in a related field (or additional equivalent related experience) required.
• Minimum of two years of experience in commercial underwriting/analysis role required.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

JOB DESCRIPTION

Summary/Objective

The Commercial Underwriter shall perform financial analysis and risk assessment on Commercial & Industrial and Commercial Real Estate transactions. This function is designed to provide an evaluation of the strengths and weaknesses in commercial loan requests that will assist management in determining if the overall risk in a credit request is acceptable to the Bank. In addition, this position may be asked to apply their financial analysis skills to assist other areas of credit risk management.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Prepare timely, high quality credit analysis and recommendations that accurately describe the transaction along with risk and mitigating factors associated with the loan request.
• Utilize financial spreading software as well as other financial analysis tools to evaluate borrower’s cash flow and determine adequacy of the borrower’s primary and secondary repayment sources.
• Research and investigate applicable market data using industry related tools such as CoStar and Vertical IQ.
• For real estate transactions, basic understanding of property operating statements, leases, rent rolls, real estate schedules and the ability to perform detailed cash flow analysis using CRE templates. Ability to perform stress testing scenarios on construction projects and stabilized income producing real estate properties.
• For C&I transactions, ability to understand cash flow cycles, conduct sensitivity analysis, evaluate Borrower’s cash flow and its ability to provide adequate debt coverage for the proposed transactions as well as determine cushions of protections.
• Experience in analyzing and interpreting all levels of financial statement quality.
• Ability to analyze complex personal financial statements and personal tax returns of sponsors/guarantors as well as contingent debt.
• Assign risk rating based on risk rating methodology and Bank loan policy.
• Partner with Commercial Lending in the preparation of loan presentations for Executive and Board Loan Committees.
• Perform routine annual reviews of relationships, as requested.
• Attend client meetings, as appropriate, to support underwriting requests.

Other Duties

• Complies with all policies and procedures of the Bank.
• Perform other duties as assigned.

Skills/Abilities

• Basic knowledge of analyzing financial statements
• Ability to work well with others and meet designated deadlines.
• Excellent verbal and written communication skills.
• Computer literate with proficiency in Microsoft Office applications.
• Excellent organizational skills.
• Attention to detail.
• Ability to work independently while meeting processing standards for quality and quantity.
• Experience with Financial Spreading software.
• Experienced with industry related tools.

Supervisory Responsibility

This position has no supervisory responsibilities.

Work Environment

This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.

Physical Demands

This position requires manual dexterity, the ability to lift files and open cabinets. This position requires bending, stooping or standing as necessary.

Travel

Travel may be required for this position.

Education and Experience

• Bachelor’s degree in a related field (or additional equivalent related experience) required.
• Minimum of two years of experience in commercial underwriting/analysis role required.

This position is classified as non-exempt, and as such it is paid on an hourly basis. The pay range for this position is:

• $30.00 per hour to $40.00 per hour if work location is Bethesda, MD
• $26.00 per hour to $36.00 per hour if work location is Preston, MD

Other compensation includes overtime paid at one and one-half times the normal hourly rate for any hours worked in excess of 40 in a workweek.

This position is classified as full-time and the benefits package includes health insurance, dental insurance, vision insurance. Employees may select from coverage options which range from employee only to family coverage. Full-time employees receive either Paid Time Off (PTO) or separate paid vacation and paid illness leave accrual. This is in addition to a paid holiday schedule, paid bereavement, and paid parental leave. Benefits also include company paid life insurance and paid long-term disability coverage. Our bank also offers a 401(k) with a company match.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Equal Employment Opportunity Employer/M/F/disability/protected veteran statusEqual Employment Opportunity Employer/M/F/disability/protected veteran status

This employer is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.

PI251847714

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