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Business Banking Underwriter

Employer
MidWestOne Bank
Location
Minneapolis
Salary
Competitive

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Overview:

We are open to filling this position in any of MidWestOne Bank markets.

At MidWestOne, our people are number one in everything we do. We are a community bank with a culture based on integrity and customer care. The people on our team are the foundation of our success. If you're ready to work for an organization that values you, develops your talents and helps you grow personally and professionally, then look no further.

As a Business Banking Underwriter, core responsibilities will be entry level in nature to drive our Business Banking division. Responsible for underwriting requests in this business line, to include a complete Business Banking product-set serving a defined relationship size. Using the bank's loan origination platform while working closely with line staff and loan processing to facilitate an efficient decisioning and pre-close process.

Responsibilities:

Essential Duties and Responsibilities

Responsible for underwriting business loan & business credit card transactions, using a combination of business banking origination platform scoring models and traditional underwriting techniques.
Prepares the business loan presentation, completing each transaction's due diligence/compliance requirements and coordinating loan closing documentation.
Responsible for quality control, including reviewing files for completion, accuracy and compliance with all applicable bank policy and regulatory guidelines.
Completes all required online and classroom training. Demonstrates through performance, an understanding of all compliance issues related to this position.
Responsible for understanding and adhering to bank loan policy and all applicable federal and state regulations, procedures and requirements, with regards to business lending.
Performs other duties required or assigned in support of Bank's Credit Admin Department goals and objectives.

Focus Areas

Familiarity with commercial loan processing/servicing and works cooperatively with other credit and lending team members on related assignments for the Business Banking team. This will include acting as liaison to the bank's loan processing department and keeping this business line current with updates necessary for successful and collaborative service delivery.
Assists with the maintenance of regular reporting of data to and from this business line, this will include working with applicable parties to maintain certain monthly reports on business line volume, decisioning, exceptions tracking, rate sheet maintenance, etc.

The Perks!

Competitive base compensation with additional performance-based incentives/bonus potential (incentives and bonus will vary depending on role)
Career growth opportunities
Continuous learning opportunities
401(k) Retirement Plan with company match with immediate vesting
Employee Stock Ownership Plan
Employer provided group life insurance with option to purchase additional life insurance for you and your family members
Employer provided long term and short term disability insurance
Paid Time Off, Paid Holidays, Parental/Grandparent Leave, and more!
Medical, Dental, and Vision insurance
Flex spending plan & Health savings accounts
Additional Insurance options to meet your personal needs: Pet Insurance and Critical Illness and Accident insurance
Student Loan Debt Reduction Program & Tuition Assistance Plan
Wellness Program
Free banking services and other financial services discounts
Take Your Dog to Work Day in June
Employee Rally Day- a day of celebration and recognition!
Qualifications:
Bachelor degree with other specific professional or technical certifications in related field.
Financial experience should include 1-3 years banking background, with preference given to related experience and/or training in a loan processing or servicing, or entry level credit analyst, underwriting or regulatory role; or equivalent combination of education and experience.

We RISE by lifting others. RISE stands for Retention, Innovation, Support, and Empowerment. Through RISE we aspire to create and sustain a culture of diversity, equity, inclusion and belonging at work and in our communities. Our commitment to RISE is reflected in our operating principles, people and culture. We pledge to continuously learn, so we can understand and support the differences of individuals, embrace each other's strengths, and provide opportunities for all of us to work toward and achieve our full potential.

Now that you know more about us and the position, next step is for you apply so we can learn about you!

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