Securities Based Lending Underwriter

Job Description

Job Summary

Under general supervision, uses knowledge and skills obtained through formal education and/or work-related experience to act as an underwriter of consumer lending applications, particularly securities based lending, ensuring excellent service is provided, a profitable loan is originated, and all standard underwriting guidelines are met. This position requires the analysis of standard loan structures, documentation review and collateral analysis by using independent judgment and making decisions to approve loans within established policy. Works under general supervision, accountable for quality/reliability of work performed.

Essential Duties And Responsibilities

• Underwrites credit package and approves securities based loan applications up to the loan amount authority established by the Raymond James Bank Board of Directors.
• Prepares recommendation for presentation to signors/loan committee, ensuring compliance with Raymond James Bank, state, and federal guidelines.
• Underwriting consists of completion of Credit Approval Memorandum, analysis of collateral, loan structure, and application documentation. May also include analysis of personal financial statement. Responsible to identify and mitigate credit and collateral exceptions.
• Periodically interacts with internal partners, clients, and financial advisors to provide professional client service upholding the Raymond James Service 1st philosophy.
• Exercises independent judgment with supervision of work functions while working directly with Lending Manager(s).
• Adheres to policies as established by management.
• Manages assigned files efficiently as to meet expectations of clients, financial advisors, and partners including sales.
• May interact with CPA’s, financial advisors, and other parties to the transaction when necessary.
• Performs other duties and responsibilities as assigned.
  
  

Knowledge of

• Raymond James Bank underwriting guidelines.
• Principles, practices, concepts, and procedures of underwriting.
• Entity and trust structures and documentation.
• Financial markets and securities based lending.
  
  

Skill in

• Data analysis.
• Critical thinking and problem solving.
• Organizational skills, including a high level of accuracy and attention to detail.
• Effective oral and written communications sufficient to convey details of loan request, exceptions, credit approval and underwriting/approval processes.
• Word processing, spreadsheet and typing sufficient to produce spreadsheets with basic formulas.
• Operating standard office equipment and using required software applications.
  
  

Ability to

• Conduct analysis including basic math, competency with decimals and fractions.
• Analyze client documents, interprets findings, and may prepare reports of collateral position and credit worthiness.
• Articulate reasons behind decisions. Clearly communicate regarding decisions, exceptions, changes, and other relevant information.
• Organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities and deadlines.
  
  

Education

Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance

Work Experience

General Experience - 7 to 12 months

Certifications

Travel

Less than 25%

Workstyle

Remote

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We Expect Our Associates At All Levels To

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
  
  

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

Raymond James Bank is an EOE/AA and VEVRAA Federal Contractor

Priority will be given to protected veterans

EOE/AA: Female/Minorities/Disabled/Protected Veterans/LGBT