Job Information
FIRST FED Commercial Underwriter II in Bellingham, Washington
Who We Are
First Fed is a local community bank on an exciting growth trajectory with 16 locations in 5 counties across Washington. We are committed to investing in our fantastic team and technologies which enable better service to our customers and communities. In 2021, First Fed was recognized as a Best Workplace by Puget Sound Business Journal and a Best Bank by Forbes, Peninsula Daily News, and Bellingham Alive.
We welcome applicants from all backgrounds -- our diversity makes us stronger. In 2023, we are celebrating our first 100 years of service.
Our Values
Optimism: We are positive and decisive. We believe the future will be better than the past. Our attitude demonstrates persistence which leads to success.
Initiative: We are self-starters and find innovative solutions. We are courageous, entrepreneurial, and passionate. We take action for good.
Respect: We include individuals from diverse backgrounds and with different perspectives. We are committed to honoring and serving others.
Growth: We learn and adapt so we can continually improve. We believe in personal growth through grit and determination.
Ownership: We are invested in our endeavors. We are accountable and take responsibility for our actions and decisions.
Are you who we are looking for?
- You have experience with C&I underwriting
- You have a Bachelor's degree focused in Finance, Business Administration, or Accounting
- You have 3+ years' of experience in commercial underwriting
- You want to work remotely from anywhere in the USA
- You are detail-oriented
- You excel when working independently
- You are customer focused
- You are passionate about digging deep into investigative work with loans
The Job:
Our Commercial Underwriters thoroughly investigate the operations of commercial businesses and borrowers to determine their creditworthiness. Here at First Fed, Commercial Underwriting is an "end-to-end" position. Our Commercial Underwriters collaborate with the Relationship Managers from the application of a borrower to the closing of a loan and are also involved in the ongoing monitoring of the credit relationship. Commercial Underwriting here includes spreading financial statements, reviewing appraisals, conducting customer due diligence, preparing credit memos, and ongoing monitoring of their assigned portfolios. Commercial Underwriters work in a deal team setting alongside Commercial Loan Processors, where they support one or more Commercial Relationship Managers (Loan Officers).
One of the things our Commercial Underwriters enjoy most is learning about different businesses and industries and how they operate. There is variety in the day-to-day work of a Commercial Underwriter here and every day you could be working with a different kind of deal. Our Commercial Underwriters develop a strong sense of ownership in their work. Working closely with Commercial Relationship Managers, they make a huge difference in the lives of our commercial customers by providing valuable credit solutions that allow their businesses to thrive. Common credit products include owner-occupied and non-owner-occupied loans as well as commercial & industrial lines of credit and term facilities.
Our Commercial Underwriters support the growth of the Bank's loan portfolio, and by applying sound underwriting standards they ensure that we are protected against risk and have a stable asset base and future. Join our team and help us grow today!
Pay Range
The pay range for For the Underwriter II position is $65,478.40 -$111,313.28 The typical hiring range for this position is $65,478.40 -- $75,136.46
Commercial Credit Underwriter II - Typically requires accounting and financial analysis skills as developed through a combin