Business Underwriter

**Career Area**:Finance
**JOB SUMMARY**:
Underwrite large, complex debt and leasing transactions using advanced, highly analytical financial methods designed to identify, assess and then mitigate business risks associated with financing projects worldwide.

**PRINCIPAL DUTIES AND RESPONSIBLITIES**:

- Approves/rejects proposed transactions within established credit authorities and recommends deals beyond credit authority.
- Underwrites new finance submissions. Transactions frequently will be large and complex and may involve leasing, syndications and domestic and cross-border debt instruments. Consults with Legal Services Division to review contract documents and may oversee the booking and funding of transactions.
- Functions as part of a team to prioritize credit submissions and assure that credit underwriting is completed quickly, efficiently and in line with customer expectations. Finds solutions to mitigate potentially serious risks inherent in proposed financing transactions. Overcomes obstacles to successfully close the deal, while not degrading portfolio quality. Advises on optimal structuring of the transactions, as well as the setting of reasonable expectations on the part of both the customer and dealer.
- Formulates and implements efficient and competent underwriting plans designed to identify, assess and mitigate all material risks. Identification of material risks may be challenging and requires substantial critical thinking, research, and consultations with advisors in various areas. Risk elements may include, but are not limited to, industry sectors/markets in specific countries and geographic regions; technology; country political, sovereign and regulatory risks; currency exchange, depreciation and repatriation risks; profitability and cash flow analysis of relatively young business ventures; complex financial modeling and forecasting of future pro forma financial results; insurance coverage; and risks related to third party contracts to which the customer is either a party to or can be impacted by.
- Ensures that all underwriting is compliant with FPD Compliance policies, including KYC and AML.
- Explains, defends, persuades and stands up for recommendations and position taken for all interested parties, while respecting underwriting recommendations and decisions. Interested parties can and may include, end-user customer; marketing organizations of Caterpillar Divisions, staff and management of Business Units especially Account Managers, Transaction Coordinators and Financial Products Division (FPD) credit staff and executives.
- Advises and consults with Business Units to ensure financing structures have levels of risk commensurate with established FPD Credit policies.
- Visits existing and prospective financing customers to gather pertinent information for the initial underwriting, as well as maintain a valid risk profile on existing large transaction customers. Performs reviews and assessments of existing large transactions to ensure the relative risk rating and overall portfolio quality has not deteriorated. Represents FPD in a professional and competent manner.
- May support the restructuring and/or workout of FPD transactions having difficulty.
- Provides technical credit and risk training to Business Unit Credit staff to improve underwriting, financial screening and structuring skills.
- Develops and maintains a knowledge base respecting certain regions and countries of the world. Maintains a readiness and capability of sharing this information with other Business Unit staff regarding requirements for conducting business in these regions and countries. Develops a network of FPD and Caterpillar Inc. contacts, which can provide additional valuable insight regarding conducting business in these regions and countries of the world.
- Provides documentation support during negotiations with customer's attorneys and CFSC attorneys.
- Manages the loan covenant compliance process and various loan retention accounts during the term of the loan.
- Participates in accomplishment of continuous improvement objectives for the department. Progress toward accomplishment of these is measured through maintenance of necessary measurements and analysis of associated data. Participates in the identification of problem areas and development of resolutions to address them.

**JOB REQUIREMENTS**:
**Skills, Abilities and Knowledge**:

- Advanced knowledge and demonstrated ability to perform financial statement analysis.(Moody's Credit Risk Training, Moody's Financial Statement Training, Cash Flow Training or equivalent)
- Advanced knowledge of and demonstrated ability to use spreadsheet software to perform advanced financial modeling and cash flow analysis.
- Thorough understanding of financial math, time value of money and pricing, the implications and principal aspects of the various advanced financing structures used by CFSC, and how their use will be reflected in spreadsheets, pricing and various ot