Alliant Credit Union Commercial Loan Underwriter in Rolling Meadows, Illinois

Why Alliant?

We’re not a typical financial institution – we’re better. We’re an innovative, fun-loving, highly-engaged group of professionals that are committed to our company and the communities we do business in. We love to recognize and celebrate each other.

Over 90% of our employees say we are a great workplace that is focused on our mission, vision and the future of banking.

What will your day look like?

You will be tasked with analyzing both investor owned and owner occupied commercial properties across all asset types. More specifically, you will be responsible for screening new loan opportunities, performing annual reviews, and assembling analytical reports as requested by management. The Commercial Loan Underwriter will present portfolio management updates and new transactions to various committees. The position also requires daily interactions with Loan Originators to validate and verify the content of deal screens, and advise on alternative loan parameters when appropriate. A commitment to meeting tight deadlines and a customer service mindset is essential. Additionally, the Commercial Lending Underwriter will be looked to as a policy and procedure expert that has a deep understanding of regulatory matters.

Do you see yourself doing this?

  • You can analyze new loan opportunities, focusing on both fully depicting the property’s strengths and weaknesses and the financial health of the transaction’s sponsors as determined by reviewing and reconciling credit reports, tax returns, financial data, market data, appraisals, etc.

  • You can present findings based on a comprehensive underwriting with respect to commercial loan origination criteria and credit risk parameters

  • You can ensure timely completion of Annual Reviews

  • You can design, create and maintain loan portfolio management reports; present updates, finding, recommendations to senior leadership as requested

  • You can make Risk Rating adjustment recommendations due to covenant violations, changing economic and market conditions, collateral conditions and guarantor conditions

What makes you a great fit?

You’ll be a great fit if in addition to the completion of a Bachelor’s degree in Finance, Accounting, or related field, you have three or more years of experience in banking, credit union, CMBS or institutional lending environment with strong emphasis in commercial real estate or SBA lending, and you have:

  • A thorough knowledge of credit analysis, lending, and loan and appraisal review

  • The ability to gather, analyze and compile financial data required to provide management reporting related to credit risk

  • Strong analytical and problem-solving skills

  • Strong organizational, collaborative and consultative skills

  • Effective interpersonal and communication skills

  • Advanced computer skills utilizing MS Office Suite of products and financial statement spread software

  • The ability to travel up to 20%

When you’re happy, we’re happy!

As a thank you for joining our team, you’ll benefit from:

  • Competitive medical, dental, and free vision benefits

  • Competitive compensation plan

  • Contributions towards gym memberships

  • Generous PTO and banking holidays off

Still not convinced?

We’re on the list of 100 Best Medium Companies to work for, check it out here. For more details you can also visit our Glassdoor and LinkedIn profiles.

FLSA Status: Exempt

Requisition ID: 2018-1900

External Company Name: Alliant Credit Union

External Company URL: www.alliantcreditunion.com

Street: 1600 Golf Road Ste 900