Senior Commercial Underwriter

Willimantic, CT

Savings Institute Bank & Trust Company has an immediate opening for a Senior Commercial Underwriter in its Main Office in Willimantic, CT.

Due to the growth of our Commercial Loan portfolio, we are looking to add a dynamic individual to the Commercial Underwriting team.

Responsibilities include:

  • Detail-oriented and able to objectively analyze moderate and complex commercial credit transactions with a high level of expertise.
  • Preparation of written credit proposals including detailed financial and credit analysis
  • Assignment of accurate risk ratings for new loans and the renewal of existing commercial credit facilities to minimize risk to Bank in a manner consistent with the Bank’s credit philosophy.
  • Outline the risks and mitigating factors of a credit facility based upon the analysis of business and personal financial statements, collateral, global cash flow, economic and industrial factors and debt service capacity.

The successful candidate must have:

  • Bachelor's degree in Finance or Accounting is preferred.
  • At least two years direct work related experience in lending and/or credit analysis, or some comparable combination of education and experience.
  • Possess strong written and communication skills, have the ability to multi-task, prioritize and meet deadlines.
  • Must be able to work independently and with a sense of urgency philosophy to achieve internal and external customer satisfaction.
  • Knowledge of CRE and SBA lending a plus.
  • Knowledge of Microsoft Office required; experience working with an underwriting platform is preferred.
  • Must have strong analytical skills involving accounting and financial analysis and knowledge of legal statutes that pertain to commercial lending including compliance, contract and lien requirements.

Benefits include: Competitive pay, 401K, paid vacations and holidays, health/dental insurance, tuition reimbursement and bonuses.