CLU Senior Credit Underwriting Manager

Overview

The CLU Senior Credit Underwriting Manager will be responsible for directing, managing and mentoring a team of CLU commercial loan underwriters engaged in the activities of underwriting and reviewing new and renewal commercial loan requests and producing credit memorandums used by lending and credit management for the purposes of approving, monitoring, and managing commercial loan relationships.  The CLU Senior Credit Underwriting Manager will also be responsible for completing commercial loan underwriting responsibilities along with their team.

RENASANT BANK IS AN EQUAL OPPORTUNITY EMPLOYER

Responsibilities

• Manage and mentor employees in the completion of commercial loan underwriting responsibilities for unsecured loans of $250M or more and secured exposures of greater than $250M
• Manage assignments and timely completion of workflow coming into the department including pre-flights, new and renewal loan request, annual reviews, and other credit activities
• Train and guide employees in the application of the bank’s loan policies and department procedures in the completion of their underwriting responsibilities
• Support and encourage employees, answering questions and serving as the subject matter expert to underwriting staff when needs arise in the performance of their duties
• Manage the performance appraisal process to measure the progress and development of assigned employees
• Provide feedback and assistance to upper management relative to commercial credit underwriting topics and responsibilities upon request
• Interview and hire commercial underwriting staff
• Approve employee timecards, overtime and vacation
• Underwrite the bank’s larger more complicated CLU credits in some of the bank’s highest relationship exposures
• Develop credit information for use by the CLU in making lending decisions on new, renewal, and prospective loans by:
  • Use a checklist to determine if all necessary financial information has been received on the borrower and guarantors for assigned loan requests.  If information is missing, request it
  • Review and analyze all pertinent credit, collateral, and financial information
  • Prepare all financial spreads, global cash flows, and real estate models
  • Prepare a written Credit Memo presenting the Transaction Summary, History of Borrower, Relationship History, Financial Analysis of Borrower(s) and Guarantor(s), Repayment Ability, Collateral and Industry
  • Prepare written Relationship Credit Reviews
  • Complete financial indicator covenant monitoring
  • Provide feedback and recommendations to Relationship Managers, Credit Officers, and Others about the creditworthiness of the borrower and guarantors, the loan structure, risk rating, and other pertinent credit/financial factors
  • Manage pipeline workflow communicating accordingly with manager as needed
  • Ensure high quality production and turnaround standards are achieved
• Assume ownership of assigned credits with little or no direct supervision
• Complete nCino responsibilities for each assigned loan in accordance with the CLU Job Aide including:  Pre-Flights, Determining Total Exposure, Final Review Steps, Covenants, Exceptions, Loading Credit Information into the respective Doc Mans, and Additional Information
• Attend client calls with the Relationship Manager/Managing Director to gain insight on the client/credit request
• Seek and refer new business opportunities to appropriate bank staff
• Make additional product (cross-sell) recommendations to the Relationship Manager/Managing Director
• Apply Renasant Bank’s Loan Policies and Department Procedures consistently in the performance of assigned duties and responsibilities
• Perform other related duties as assigned

Qualifications

• High school diploma or equivalent required; Bachelor's Degree in Finance, Accounting, Business, or Economics preferred (or equivalent years of directly related experience will be considered)
• Minimum of 5 years of prior Commercial Loan Underwriting Experience or 10 years of Commercial Lending experience
• Experience in underwriting commercial construction, C&I, and CRE type loans experience
• Experience in underwriting one or more specialty type loans experience
• Ability to demonstrate a strong competency in underwriting CLU’s most complex borrowers, guarantors and credits
• Ability to identify different commercial loan types and purposes and recommend loan terms and structures
• Ability to analyze tax returns, accountant prepared financial statements and internally prepared financial statements
• Ability to work independently and as part of a team
• Strong verbal and written communication skills
• Ability to learn and use new systems, processes, policies, and procedures effectively and efficiently
• Must be able to prioritize and plan work activities as to use time efficiently
• Ability to manage multiple deadlines
• Proficient in Microsoft Office suite of products including Outlook, Word, and Excel
• Ability to use a financial calculator to calculate loan payments and other financial calculations
• Be a positive, proactive, and flexible employee providing RNSTXcellence service to both internal and external relationships

Physical Demands

The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand or sit; kneel, stoop, or squat; use hands or fingers to handle or feel objects, tools or controls; reach with hands and arms, and talk or hear. The employee is occasionally required to walk. The employee must occasionally lift and /or move up to 25 pounds. Specific vision abilities required by this job include close vision, peripheral vision, depth perception and the ability to focus.

Work Environment 

The Bank’s professional working environment requires employees to communicate effectively, both verbally and in writing. Employees must demonstrate strong interpersonal skills when working closely with internal business partners and external clients. Employees may be exposed to confidential and propriety information within the working environment, therefore, must uphold confidentiality at all times. Due to the possibility of being exposed to high risk situations (i.e. robbery), detailed instructions and procedures are required to be followed at all times to safeguard the Bank’s employees, customers, and assets.

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. The principal duties and responsibilities enumerated are all essential job functions except for those that begin with the word “May”.

This job description is intended to describe the normal level of work required by the person performing the work. The principle duties outlined are the essential responsibilities and duties.  Other duties may be assigned as needs arise.  Job requirements and/or processes may be modified to reasonably accommodate persons with a disability as required by law.

This description is not intended as a contract and is subject to change. Any written contractual agreements supersede this job description.