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Commercial Credit Underwriter

Company: Bank of Hawaii
Location: Honolulu
Posted on: April 4, 2021

Job Description:

Job Description

In 1897, Bank of Hawaii was the first chartered and incorporated bank in the Republic of Hawaii. We've been here from territorial days, growing and changing with Hawaii. Today, we are the largest independent bank in Hawaii a result of knowing our business and community, and always staying ahead of change. At Bank of Hawaii, we think of ourselves as forward thinking pace setters. We are constantly finding creative ways to deliver leading edge financial services to our customers. Now more than ever, we are focused on the needs of our customers and providing solutions they need.

Its our commercial bankers who help us succeed in providing solutions to large and small businesses in Hawaii. As a member of the Bank of Hawaii community, you will be among the very best in your profession in an environment that places a high value on integrity, innovation and teamwork. People who are agile, savvy, forward-thinking and entrepreneurial can learn and grow with us.

Does this sound like you?
Do you enjoy learning? Do you thrive in an environment that leverages your abilities as a fast learner, good listener, and problem-solver? Are you a self-starter, comfortable with the complexities that come with commercial banking? If you love challenges, relish complexity, and have moxie, consider applying your unique talents with a Hawaii banking leader Bank of Hawaii. You will work with internal partners and commercial clients to ensure the right products and services are offered at the right time. Welcome to your tomorrow!

A day in your life as a Commercial Credit Underwriter
Under the direction of the Commercial Banking Credit Manager or Commercial Banking Team Leader, this position is a partner to the Primary Relationship Officer (PRO), responsible for structuring deals and the evaluation of financial and other risks associated with business clients in order to make a credit decision. This position requires strong commercial credit skills and experience. Assists in business units compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.

We'll give you these important responsibilities

  • Prepares Credit Approval Memorandum (CAM) package and written summaries, including forward looking acceptability of risks for:
  • a) Credit Write-up;
  • b) Quarterly Asset Quality Report, to include forecast;
  • c) Annual term loan reviews for stand-alone term loans or multi-year facilities;
  • d) Communicates with client and PRO to obtain information. Is responsible for the accuracy of the content of these documents.
  • Facilitates documentation process with Commercial Banking SVC & Support (CBSS):
    • a) Prepares Advisement Letter for PRO, if appropriate;
    • b) Orders documents from CBSS for timely delivery to client;
    • Reviews documents to ensure accuracy as approved, prior to PRO obtaining the client's signature(s).
    • Structures, determines credit covenants, and /or fine-tunes credit facilities proposed by PRO, and ensures that they conform to Bank policy.
    • Monitors client financial condition through review of periodic financial statements, covenant compliance, and investigation of conditions in the industry, marketplace and competition. Analyzes cash flow projections and formulates alternative risk scenarios; performs other due diligence as necessary. Communicates with client and PRO to complete analysis.
    • Provides input to the monitoring and validation of the assigned client risk rating
    • Performs deal screens with Manager or Team Leader and PROs. Reviews daily overdrafts report and approves or recommends appropriate disposition

      for the overdraft; communicates with client and PRO as necessary. May exercise delegated overdraft and daylight overdraft authority.
    • Performs all other miscellaneous responsibilities and duties as assigned.

      This position requires use of a personal computer and other standard office equipment (fax, copier, calculator and telephone).

      ---if You Come To Us With These Qualifications---

    • Education: Bachelor's degree from an accredited institution with major in business or related area, or equivalent business and/or business credit work experience.
    • Experience: Minimum of 3 years commercial credit experience, preferably: Satisfactory completion of "Commercial Credit" training: Commercial credit analyst experience (Level I); and Commercial lending line experience as a PRO (Level II); or Equivalent work experience. Must have a thorough understanding of all aspects of financial statement analysis, including applicability to cash flow lending.
    • Technical Skills: Demonstrated proficiency and expertise with personal computers in a networked environment and Microsoft applications (Outlook, Word, Excel, Access, and PowerPoint) or similar software. Requires excellent worksheet skills and good working knowledge of database programs. Knowledge of or ability to use Bank software and systems.
    • Other Job Qualifications: Demonstrated verbal and written communication skills, including presentation skills. Must have the ability to express complex ideas in concise and simple terms. Able to demonstrate strong analytical and quantitative skills, with excellent attention to detail. Must be able to manage multiple assignments with changing deadlines in a high pressure environment. Able to build strong working relationships with a collaborative approach, but must also be a self-starter with the ability to work independently. Possesses good interpersonal skills and client servicing skills to meet the Bank's standards. Must always follow up and follow through. Able to work flexible hours including holidays, weekends and evenings as needed or assigned. Must be able to provide own transportation or to operate a vehicle with a valid driver's license and commute in a timely manner as required. Able to travel by air as necessary.
      We are committed to fully complying in letter and in spirit with all Equal Opportunity Employment and Affirmative Action laws and regulations. All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, including gender identity or expression, sexual orientation, national origin, citizenship, ancestry, age, marital status, genetic information, domestic or sexual violence victim status, disability, protected veteran status or any other status protected by federal, state or local law. We also foster a drug-free work environment.

Keywords: Bank of Hawaii, Honolulu , Commercial Credit Underwriter, Other , Honolulu, Hawaii

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