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Special Assets Group Commercial Underwriter II
The Special Assets Group Commercial Underwriter II is responsible for the underwriting and documentation of complex Special Assets (SAG) Credit Quality Review (CQR) credits. The SAG Commercial Underwriter II underwrites a variety of loan types and structures and may have expertise in one or more LOBs, owns deal analyses and executes workflow according to established guidelines, and assists in the on-going monitoring of the credit exposure for assigned CQR's.
Deal Breadth & Complexity: Works independently on complex transactions. Has strong knowledge on a broad range of deal types and across multiple lines of business.
Volume & Turnaround: Successfully manages and underwrites multiple deals at one time. Responsible for larger volume of moderately complex deals and consistently meets established turnaround times.
Position Responsibilities:
Key Responsibilities
- Provide complete analysis of new and existing SAG Credits to be included in SAG Approval Memos, Non-Accrual Recommendations, Risk Rating dowgrates/upgrades, and CQR commentary.
- Independently prepares and/or updates appropriate CQR documentation.
- Prepares collateral charts, cash flows, risk ratings, and other attachments.
- Provides detailed industry analysis and understand potential impacts on the client and credit request.
- Identifies policy exceptions and independently develop mitigants and structure modifications to address or eliminate.
- Identifies and analyzes inconsistencies and inaccuracies in customer data, including spreads, agings, projections and other financial documents.
- Formulates thoughtful and probing questions.
- Participates with or without the SAG Officer in client conversations to ensure thorough and complete analytical narrative and commentary on the request and makes recommendations on structural enhancements to mitigate risk.
- Evaluates strengths and weaknesses within each credit and escalates risks and other issues to SAG Officer.
- Independently recommend risk rating.
Administration
- Calculates loan covenants and assists with tracking for assigned CQR Credits.
- Follows-up with SAG Officer with recommendations.
- Works with SAG Officer as requested to resolve issues.
- Act as mentor to new and junior underwriters.
- Reviews work of new and junior underwriters and provides feedback to ensure completeness and quality.
Process Sustainability
- Adheres to department procedures for workload management.
- Strives to meet assigned workload deadlines, or when not possible, work with SAG Officer to consider other possible completion strategies.
- Ensures appropriate CQR and Approval formats/attachments are used in accordance with approved process & procedures.
- As available, join SAG Officer in site visits and on customer calls.
- Recommends process improvements in support of continuous improvement culture within Special Assets for efficiency and enhancement.
- Other duties as assigned.
Position Qualifications:
- Bachelor's Degree from an accredited university in Business, Economics, or similar degree field; including the completion of two (2) Accounting courses (6 units) OR 4 years of equivalent experience
- Completion of Comerica's Credit College or other formal credit training
- 1 year of experience in commercial underwriting, credit and/or lending
- 1 year of experience with Microsoft Office Applications (Word, Excel, PowerPoint, Outlook)
- Seeking candidates with:
- Excellent verbal and written communication skills
- Exceptional analytical, problem solving, and technical aptitude
- Time management skills and ability to handle multiple assignments
Strong customer focus
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI's Record of Arrest and Prosecution Background ("RAP Back") service, which provides ongoing notification to the Company of any updates to your criminal history.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - disability/veteran.
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Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k), remote work
Jul 09, 2025