Underwriting Assistant I

Job Overview

The Underwriting Assistant I provides support to Credit Portfolio Managers, CPM Team Leaders, Credit Officers and Senior Credit Officer by collecting and managing the financial statement process for Valley. As time and individual aptitude allows, will assist with other portfolio management tasks such as Borrowing Base monitoring and compliance.

Expected work hours

40

Job Description

Responsibilities include but are not limited to:

• Monitors the financial exception report on a regular basis to track financial statements. Based on findings, creates and provides reports to the CPM Team Leader and Manager of the Business Line.
• Ensures that the tickler dates are updated and correct on exception reports as financials are received.
• Escalates situations to the CPM and Loan Officer when the required financial statements are not received within 45 days of the initial letter or contact.
• Ensures that once financial statements are received, they are sent for imaging and provided to the CPM and Loan Officer for review.
• Contacts borrower's, bookkeepers and CPAs via phone, e-mail and mail requesting financial documentation required per the loan agreement.
• Monitors Portfolio Management reports such as Delinquent Real Estate Taxes, Liquid Collateral, Past Due Loans, etc. and works with Loan Officers on past due loans and to clear exceptions when necessary.
• Provides superior customer service by resolving issues and providing accurate and timely information to CPMs and Loan Officers.
  
  

Requirements

Required skills:

• Proficient computer skills with knowledge of Microsoft Word and Excel and performing internet searches.
• Basic math skills, including the ability to compute ratios.
• Strong organizational skills and detail oriented.
• Ability to work in a fast-paced environment and move quickly through assignments to ensure deadlines are met.
• Ability to read, interpret and comprehend policies, procedures and training materials.
  
  

Required Experience:

• High School Diploma or GED and minimum of one year banking experience.
• Completion of college level courses in accounting or finance and/or Associate's degree a minimum of two years banking, credit or lending experience preferred.
  
  

Pay Range Information

Exact compensation may vary based on skills, experience, and location.

Salary Grade Minimum - Annual

$31,500.00

Salary Grade Maximum - Annual

$55,200.00

Salary Grade Minimum - Hourly

$15.14

Salary Grade Maximum - Hourly

$26.54