Comerica Management Co Inc. Underwriting Associate Detroit MI in Detroit, Michigan
Internal Ref: 5000221702206Job DescriptionUnderwriting Associate, Corporate CreditThe Underwriting Associate is responsible for assisting the loan groups in preparing and analyzing loan approval packages.Position CompetenciesSuccessful incumbents are action-oriented and customer focused, are able to learn on the fly and possess strong process management, self development, time management and written management skills.Position Responsibilities:•Work on complex spreadsheets of financial statements to identify and analyze inconsistencies and inaccuracies.•Recommend risk ratings, run pricing models and document calls.•Attend and participate in loan approval discussions and present deals to loan committees.•Assist credit administration and commercial lending departments with the underwriting and documentation of loan requests.•Provide services such as investigation of the borrowing entity, analysis of the proposed structure and the various repayment sources as well as industry/economic factors affecting the request.TravelTravel is not required of this position.RelocationRelocation assistance is not provided for this position.Qualifications•Bachelors degree in Business or Economics•3.0 (GPA) overall grade point average (GPA will be calculated by using grades for all credit hours/classes that are applied towards degree including transferred credits)•2 Accounting classes (3.0 average GPA)•1 year word processing and spreadsheet software experienceNote:* Transcripts are required prior to formal interview.* Degree (as described above) must be completed and verified prior to official start date.* Candidates will be required to attend credit training in Dallas, TX for 2 weeks.Work Schedule8:00am-5:00pmWork Location(s)411 West Lafayette Detroit, MI 48226About ComericaWe know that our employees are critical to our overall success. We are dedicated to investing in their future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels. Your salary will be commensurate with your work experience.Upon offer, Comerica conducts a comprehensive background check, fingerprint check and a drug test.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 by the Business Bank, the Retail Bank, and Wealth Management. Comerica's more than 9,000 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-Minority/Female/Disability/Veteran, committed to workplace diversity.