Fifth Third Bank Senior Credit Underwriter. in Chicago, Illinois
Fifth Third Bank is one of the top-performing banks in the country, with a heritage that spans more than 150 years. As The curious bank, we've staked our claim on looking at things differently, at being better listeners and at showing more commitment. This applies to our relationships with customers and employees alike.
We employ about 19,000 people, and what we offer is:
A chance for employees to build their future, with supportive career development and financial wellness programs.
An environment where we win together. We celebrate achievement and work collaboratively. We're also a two-time Gallup Great Workplace honoree.
An invitation to impact lives in a positive and lasting way. Everything we do is geared toward improving lives. That's fun and exciting.
It comes down to the fact that Fifth Third is a warm and caring place to with which to grow # as a customer or as a team member.
Credit/SAG, within Fifth Third Bank's Risk division, encompasses Commercial and Consumer Credit Risk along with our Special Assets Group. Independent from the lines of business, our team of Credit/SAG professionals are responsible for the overall credit r isk strategy, risk assessment and oversight of the portfolio of commercial and consumer loans originated by the various lines of business. Balanced financial risk taking through a clearly established risk appetite is accomplished through underwriting, app roval, monitoring and portfolio management of loans across the various lending disciplines.
The Special Assets Group supports the workout of loans with associated credit risks that have been classified at or above defined risk levels deemed too high for the bank to manage in a traditional portfolio. Together, these three departments support the Credit Risk Strategic Framework focused on creating competitive advantage through independent, forward looking and proactive thought leadership.
Work closely and effectively with LOB and Credit partners through the underwriting, credit approval, documentation, closing and funding, post-closing, and portfolio management procedures for credits.
DUTIES AND RESPONSIBILITIES:
.Deal team lead focus on new money to new borrowers to the bank.
.Work in cooperation with relationship Managers with initial deal review, modeling, and structuring. This will include the creation of the Opportunity Memo.
.Work in cooperation with RM's with deal pre-clearance within the Structured Finance Group, Credit, Capital Markets/Syndications, and other constituents.
.Work in cooperation with RM's, customers/prospects, and third-party providers to order, obtain and ascertain due diligence information as required.
.Utilize and analyze all available resources to prepare the credit approval document (Blue Memo), Change in terms.
.Coordinate with the RM and Credit to obtain the proper credit approval.
.Engage and manage legal counsel and negotiate legal documentation in conjunction with RM.
.Complete and manage the closing, funding, and booking process in cooperation with the Funding Desk and Credit Collateral Operations.
.Complete internal and external post closing items.
.Complete the underwriting process for deal amendments and restructurings.
.Complete special projects and assignments as requested.
Management of Underwriter II
Fifth Third Bank is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
KNOWLEDGE & SKILLS REQUIRED: College degree in accounting, finance, or economics required, CFA designation a plus. Total work experience of 7+ years including 4+ years of underwriting, credit, or originations experience preferable in the bankingorinvestment banking industry. Must be proficient in basic software applications such as Microsoft Word, Excel, Outlook, and Internet Explorer. Advanced skills in Microsoft Excel a plus. Must be attentive to detail and possess excellent verbal andwrittencommunication skills. Must be highly organized and able to manage several detailed tasks and processes concurrently.
.Normal office environment with little exposure to dust, noise, temperature and the like.
.Extended viewing of CRT screen.
.Some travel required.