- Analyze the financial condition of businesses and individuals by thoroughly reviewing financial statements, tax returns and other relevant financial documents. Responsible for independently underwriting all credit requests for new applicants and existing obligors.
- Underwrite loans ranging from $100K to $10MM includes working capital facilities, borrowing base lines of credit, term loans, commercial mortgages, construction and bridge financing and government guarantee loan products (SBA / USDA).
- Prepare loan presentations ensuring all details of the credit proposal are complete and accurate, provide assessment and adequacy of deal structure, risk ratings, and creditworthiness.
- Review and analyze appraisal, environmental, engineering, construction, and inspection reports; communicates with report writer to resolve any discrepancies.
- Monitor and track all loan maturities, modifications, renewals and / or extensions. Conduct analysis and due diligence research and make written recommendations to the CCO and Credit Committee.
- Present all credit write-ups to the CCO and the Banks Credit Committee for consideration and approval.
- Review loan documents prior to closing to ensure that all documents comply with the credit approval.
- Interact with Bank attorneys, accountants, and loan brokers, as needed.
- Provide post-funding analytical and monitoring support of credit relationships and portfolio maintenance including annual reviews, when needed.
- Prepare quarterly impairment analysis reports.
- Assist with overall asset management, which includes review and preparation of Credit Risk Administration reports.
- Create departmental procedures for day-to-day routine tasks. Assist the CCO in ongoing policy review and changes as required.
- Prepare reports and loan files for regulators and internal auditors.
- Provide mentoring to the Portfolio Manager.
- Assist Chief Credit Officer with special projects.
- Minimum of 7 to 10 years of experience in underwriting and credit risk administration.
- Credit training (formal or on the job) at a commercial bank, credit union or community development financial institution preferred.
- Experience with loan, legal, collateral documentation, and compliance.
- Extremely organized and detail oriented.
- Strong interpersonal skills ability to work well with other departments.
- Self-motivated; able to set priorities and multi-task responsibilities, a must.
- Excellent with deadline-intensive environment, ensuring accurate and on-time completion of reports and write-ups.
- Proficient with Microsoft Word and Excel and various other reporting systems.
- Experience working on deal sizes between 2-10M (if under 2M its not complex enough, if well over 10M its likely this will be too simplistic and boring)
- Must have commercial/industrial experience (cannot come from residential)
- Experience from Banking Industry
- Need to be able to do appraisal lineup with comparable.
- Major difference here is years of experience and experience communicating with external stakeholders.
- Medial starts the first of the month after 30 days of service.
- 401k is 3.5% match.
- 15 days PTO (+5 on 4-year anniversary)
- Flex PTO with special approval.
- Certification cost reimbursement of courses and exams
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AVP, Sr. Credit Underwriter - New York, United States - InteliX Systems
Description
Title: AVP, Sr. Credit Underwriter
Location: 5 Penn Plaza 14th floor, New York, NY rd and 8th avenue NYC)
Duration: Direct Hire
Salary Range: $120,000 - $150,000 annually +Bonus (discretionary on individual and bank performance)
2 to 3 days remote per week
Description
Responsibilities
Qualifications
Requirements
Must Have:
Benefits:
Interview process: 3 rounds of interviews.
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