Senior Commercial Underwriter - New Jersey, United States - FinTrust Connect

Description

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C&I Senior Underwriter – Northern NJ

FinTrust Connect is excited to announce that we have partnered with a reputable bank in search of a highly skilled C&I Senior Underwriter. This individual will be responsible for evaluating and underwriting commercial lending applications for the bank, assessing credit risks, and determining the creditworthiness of prospective borrowers. The successful candidate will play a vital role in the bank's lending operations and will have the opportunity to work with a talented team.

Why this Opportunity:

• Culture: This bank values a strong team-oriented culture that prioritizes inclusivity and professional development. They believe in creating a supportive and collaborative work environment where all employees feel valued and empowered to reach their full potential. This institution is committed to fostering a positive and family-like atmosphere within the bank and to provide opportunities for career advancement and growth for their employees.
• Workplace (On-site, Hybrid, Remote): Hybrid (3 on/2off) in Northern New Jersey.

Requirements:

• Bachelor's degree in Business, Finance, or Accounting; or equivalent relevant business experience.
• Minimum of 5 years of related experience, including commercial underwriting and robust credit skills.
• Knowledge of credit policy, bank policies, and commercial loan documentation.
• Proficiency in analyzing tax returns, operating statements, and pro-forma statements to calculate loan-to-value ratio and debt-coverage ratio.
• Experience in cash flow and leverage analysis.
• Strong decision-making ability in handling complex credit situations.
• Excellent written and verbal communication skills.
• Proficiency in MS Office and financial spread software (e.g., Moody's, TAC).

Description:

• Process, underwrite, and evaluate credit applications received from the bank's branch network and loan officers.
• Analyze financial data to assess credit risks and determine the creditworthiness of prospective borrowers for loan requests ranging from $250K to $20M.
• Monitor the loan portfolio through annual reviews and ensure compliance with financial and covenant requirements.
• Communicate credit decisions and issues to customers and relevant bank personnel.
• Gather and analyze borrower data, including historical and current financial statements, and competitive industry information.
• Collaborate closely with the Sales Team, C&I Director, and CLO to structure loans and recommend suitable loan transactions.
• Interact with environmental engineers, third-party vendors, and internal bank personnel.
• Prepare loan submissions for Credit Committee and Board of Directors.
• Assist in developing and updating departmental policies and procedures.
• Stay informed about bank credit policies, loan programs, and real estate market trends.
• Fulfill other duties as required to support lending activities.