Commercial Loan Underwriter at AgileCap in Park City, UT

Company Description

AgileCap is a growing entrepreneurial company based in Park City, UT. The company has lent millions in capital funding to insurance agencies since it began in 1998. Initially launched as Commissions Funding Group, the business was transitioned to AgileCap in 2014. AgileCap’s only goal is to serve as the premier lending expert for companies in the insurance industry. This includes small-to-mid-sized insurance sales organization and intermediaries like Manager General Agencies, Brokerage General Agencies, Insurance TPAs, Franchisers and Associations. Few traditional lenders will help insurance businesses with flexible loans, mainly because they don’t see that sufficient collateral exists. AgileCap uses its sophisticated understanding of the insurance commission structure to collateralize an agency’s future commissions. This gives us the advantages of quick turnaround, total flexibility in loan structure, and competitive finance terms. These advantages are complimented by personalized service and agency-tailored support, the hallmarks of our business practice.

Job Description

our Commercial Loan Underwriter, you will provide support to lending teams in the origination and servicing of credit relationships. You are responsible for independently underwriting all credit requests and analyzing the repayment capacity of new applicants and existing obligors.

You may recommend loan structures, terms, covenants, and risk ratings. Additionally, you may support the monitoring of borrower compliance with approved terms, portfolio management, and assisting in the administration of credit relationships. Analysts will be proficient in spreading financial statements and underwriting a variety of industries, loan products, and collateral types, including, but not limited to: nonprofit, owner-occupied real estate, multifamily income properties, commercial investor real estate, accounts receivable and inventory, and equipment.

Duties and Responsibilities

• Analyze the financial condition and creditworthiness of businesses and individuals
• Evaluate the quality and sufficiency of the collateral and sources of repayment
• Assess the appropriateness of credit structures for new loan and renewal requests and recommend risk ratings
• Prepare loan approval request memos in cooperation with Relationship Managers and participate in presentations to the approving authorities as needed
• Act as a control point in the loan approval process to ensure adherence to bank procedures, credit policies, and loan covenants
• Provides excellent customer service with all parties, including selling banks/financial institutions, borrowers and co-workers.
• Assist Relationship Managers and Loan Operations staff in loan closing activities
• Provide post-funding analytical and monitoring support of credit relationships and portfolio maintenance, as needed
• Assists with audits and credit examinations, portfolio and borrower stress testing, and risk rating reviews

Qualifications

Requirements and Qualifications

• 1+ years of underwriting and portfolio management
• Experienced in a banking environment
• Proficiency with financial and accounting concepts and interpretation of financial statements
• Excellent written and verbal communication skills
• Computer literacy in Microsoft Word and Excel
• Demonstrated ability to work independently and balance multiple work assignments while meeting deadlines
• Professional demeanor and ability to deal effectively with people and work across departments
• Highly motivated, inquisitive, detailed oriented, and adaptive to change

Additional Information

If you have these qualifications and are looking for a great opportunity we want to meet you. We offer a competitive base salary, healthy benefit package and generous bonus program but most of all the ability to contribute to a team and learn and grow with our company.

All your information will be kept confidential according to EEO guidelines.