Commercial Underwriter II (Franklin, TN or Remote with occasional travel to Franklin)

Job Summary:

MetaBank is a financial enablement company who works with innovators to increase financial availability, choice, and opportunity for all.

We strive to remove barriers that traditional institutions put in the way of financial access, and promote economic mobility by providing responsible, secure, high quality financial products that contribute to the social benefit of communities at the core of the real economy.

A Commercial Underwriter II is responsible for underwriting loans in a timely manner resulting in an acceptable level of credit risk and an appropriate risk return relationship.

Facilitate the booking of new loans, ensuring that customers understand our requirements and their responsibilities; manage the underwriting process through closing and affect a “smooth” transition to the Account Executive.

The ideal candidate will be a highly motivated self-starter who thrives in ambiguity, loves variety, moves with a high sense of urgency, and is creative and flexible in an ever-changing environment.

Your work will be highly visible and impactful, so you will need to bring passion for our mission and live our Humble, Hungry, and Smart values daily.
Humble – You lack excessive ego or concerns about status.

You’re quick to point out the contributions of others and slow to seek attention for your own.

You share credit, emphasize team over self, and define success collectively rather than individually.
Hungry – You are always looking for more…more things to do, more things to learn and more responsibility to take on.

You’re self-motivated, diligent, and are consistently thinking about the next step and the next opportunity.
Smart – Simply stated smart refers to your common sense about people.

You’re inter-personally appropriate and aware.

You have good judgement and intuition around the subtleties of group dynamics and the impact of your words and actions.

What You Will Do:
Underwrite the assigned spectrum of lending products, regardless of size or complexity, in a timely and efficient manner.
Understand credit policies and minimum underwriting standards.
Work closely with the various Business Development Officers in order to provide a “consultative/value-added” credit perspective, both prior to proposal issuance and always thereafter.
Review and analyze new deal packages for content and completeness and conduct initial “interview” with prospect.
Order and review due diligence and documentation.
Review and analyze financial statement spreads and understand flows of cash.
Review field examinations and understand collateral and financial trends indicated therein.
Visit prospect location and meet management of the business prior to closing, for transactions over a predetermined amount.
Gain thorough understanding of the Prospect’s business and the company’s asset conversion cycle.
Review reporting requirements and processing with client.
Analyze debtor information in conjunction with Debtor Credit Manager.
Prepare the credit narrative for appropriate approval.
Conduct and document the pre-funding confirmation process and oversee the efforts of the Client Analyst assigned to the transaction.
Oversee closing documentation process and be able to effectively negotiate documents with prospect.
Perform other ad-hoc functions, projects, etc.

for other areas of the bank as required.
Other duties as assigned.

What You Will Need:
Typically, 3+ years’ experience with bachelor’s or equivalent.
Secured lending experience, with demonstrated strong credit management skills preferred.
Thorough knowledge of secured lending with skill set to underwrite large or small transactions for both factoring as well as Asset Based deals.

Who We Are:

At MetaBank, we take tremendous pride in our mission to create financial inclusion for all.

We are the leader in providing innovative financial solutions for people who have been seemingly overlooked by traditional financial institutions.

Our goal is to bring tangible solutions that help people develop a plan, gain access to financial systems, establish liquidity, and get practical, systemic assistance to stay on rack.

We operate in several different financial sectors including payments, commercial finance, tax services, and consumer lending.

We are in the business of providing services that change lives, and we are confident that MetaBank will be the most rewarding work of your career.

We are a team of problem solvers and innovators who celebrate our differences and know that our unique perspectives make us stronger and well-positioned for success.

Our commitment to inclusion is woven into our DNA.

We believe that we are strongest when we embrace the voices of our employees, customers, partners, and the communities we serve.

We are committed to providing equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender (including pregnancy), sexual orientation, gender identity, national origin, age, disability, genetic information, marital status, amnesty, status as a covered veteran, or any other class protected by federal, state and local laws.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.

41 CFR 60-1.35(c)