Underwriter

Salary Range for Underwriter in Commercial Banking

The salary range for an Underwriter in Commercial Banking typically falls between $60,000 and $100,000 per year.

Sample Job Description for Underwriter in Commercial Banking Industry

Job Description:

As An Underwriter In Commercial Banking, Your Primary Objective Is To Assess And Evaluate The Creditworthiness Of Loan Applications And Determine The Level Of Risk Involved In Granting Loans To Individuals Or Businesses. You Will Be Responsible For Analyzing Financial Statements, Conducting Risk Assessments, And Making Informed Decisions On Loan Approvals.

Job Requirements:

1. Bachelor'S Degree In Finance, Economics, Or A Related Field. 2. Strong Analytical And Quantitative Skills. 3. Knowledge Of Commercial Lending Practices And Regulations. 4. Proficiency In Financial Modeling And Risk Assessment. 5. Excellent Communication And Interpersonal Skills. 6. Ability To Work Under Pressure And Meet Strict Deadlines. 7. Attention To Detail And Strong Problem-Solving Abilities. 8. Familiarity With Credit Analysis Software And Tools. 9. Knowledge Of Industry Trends And Market Conditions. 10. Professional Certifications Such As Chartered Financial Analyst (Cfa) Or Certified Credit Professional (Ccp) Are Preferred.

Job Responsibilities:

1. Review Loan Applications And Assess The Creditworthiness Of Borrowers. 2. Analyze Financial Statements, Tax Returns, And Other Relevant Documents. 3. Conduct Risk Assessments And Evaluate Potential Loan Defaults. 4. Collaborate With Loan Officers And Other Stakeholders To Gather Necessary Information. 5. Prepare Detailed Credit Reports And Present Findings To Senior Management. 6. Recommend Loan Terms, Interest Rates, And Collateral Requirements. 7. Ensure Compliance With Regulatory Guidelines And Internal Policies. 8. Monitor And Review Loan Portfolios For Ongoing Credit Risk Assessment. 9. Stay Updated On Industry Trends, Market Conditions, And Regulatory Changes. 10. Provide Guidance And Support To Junior Underwriters And Loan Officers.

Top 10 Employers for Underwriter in Commercial Banking:

1. JPMorgan Chase & Co. - New York, USA - www.jpmorganchase.com 2. Bank of America - Charlotte, USA - www.bankofamerica.com 3. Wells Fargo - San Francisco, USA - www.wellsfargo.com 4. Citigroup - New York, USA - www.citigroup.com 5. HSBC Holdings - London, UK - www.hsbc.com 6. Barclays - London, UK - www.barclays.com 7. Deutsche Bank - Frankfurt, Germany - www.db.com 8. UBS Group - Zurich, Switzerland - www.ubs.com 9. Credit Suisse - Zurich, Switzerland - www.credit-suisse.com 10. Goldman Sachs - New York, USA - www.goldmansachs.com

Career Path for Underwriter in Commercial Banking:

1. Entry-level position: Loan Officer - Bachelor's degree in finance or related field (1-2 years). 2. Junior Underwriter - Gain experience in credit analysis and risk assessment (2-4 years). 3. Senior Underwriter - Demonstrated proficiency in underwriting and decision-making (4-6 years). 4. Underwriting Manager - Leadership skills and ability to manage a team (6-8 years). 5. Chief Underwriter - Extensive experience and expertise in commercial banking underwriting (8+ years).

Top 5 Countries by Underwriter in Commercial Banking:

1. United States 2. United Kingdom 3. Canada 4. Australia 5. Germany

Top 5 Countries with Established Commercial Banking:

1. United States 2. United Kingdom 3. Canada 4. Japan 5. Germany