Job Description:

·All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, age, marital status, pregnancy, genetic information, or other legally protected status.


Univest Financial Corp


Commercial Underwriter

US-PA-Souderton

Job ID: 6449
Type: Full Time
# of Openings: 1
Category: Corporate
Univest Financial Corporation

Overview

Univest Financial Corporation (UVSP), has approximately $8.2 billion in assets and $5.3 billion in assets under management and supervision (as of September 30, 2024). Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full-range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. For nearly 150 years, Univest has stayed true to our philanthropic spirit and the strength of our Committed To Local giving program is one of the things that differentiates us. In 2023, Univest donated $2.4 million to our local nonprofits and our employees volunteered more than 13,100 hours.

At Univest we invest in the success of our employees and customers. We offer our employees the ability to be their authentic selves, while fostering a culture and an environment that inspires change and inclusivity. Seeking career-focused individuals, looking to bring passion and creativity to drive change. Our employees are encouraged to work collaboratively and embrace innovation to deploy needs based financial solutions in the communities we serve.

We're hiring a Commercial Underwriter to join our Credit Team. Please note, this position will be hybrid and can work out of any of our regional offices.

Responsibilities

Partnering with relationship managers and credit officers in underwriting credit opportunities. Ensure commercial loans are underwritten within the principles of sound banking practices and established policy guidelines.

Solid understanding of all credit products, credit policies and procedures, as well as the ability to underwrite more complex credits in terms of structure, pricing and negotiation.

Stay abreast of the risk tolerance status for the various loan types and keeps the lending and credit teams informed of any changes that might impact their marketing and loan negotiations.

Mentoring of less experienced analysts to promote solid skills within the credit department.

Assist in the credit aspects of all regulatory exams, internal loan audits and external loan audits, as necessary.

Perform additional duties as required.

Qualifications

Bachelor’s degree required but an advanced degree in Finance, Accounting or a related discipline is recommended.

Minimum four (4) years of related commercial credit analysis experience, demonstrated understanding of commercial lending, both C&I and CRE.

Experience understanding and underwriting, structuring, covenanting, risk-rating and basic loan documentation. Formal credit training in a regional bank or regulatory environment with extensive knowledge of commercial credit and bank operations is strongly preferred.

Strong organizational, analytical and communications skills required.

Wage Range:

Starting at $60,000+

Benefits Overview:

Univest offer's a comprehensive benefits package that includes:

• Health Insurance: Medical, dental and vision coverage (single or family; begins the first of the month following start date)
• Retirement Plan: Participation in 401(k) plan with up to a 3% employer match after 6 months of employment
• Paid Time Off (PTO): 15 days annually (prorated your first year)
• Short Term Disability: 10 days annually of sick time with a doctors note (prorated your first year)
• Holiday Time Off: 11 paid holidays
• Commissions: paid quarterly based on individual and team production
• We offer company paid life insurance: as well as other supplemental insurances
• Tuition reimbursement
• Employee Wellness programs: including fitness club discounts and fitness tracker discounts/ annual reimbursement
• Discounts: on loan products
• Professional development trainings

Click here for Benefit Information

#Univest

#LI-Hybrid

An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

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