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    AVP - Credit Underwriter - New York, United States - Carver Federal Savings Bank

    Carver Federal Savings Bank
    Carver Federal Savings Bank New York, United States

    1 month ago

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    Description
    AVP - Credit UnderwriterDepartment: Credit UnderwritingReports to: VP-Underwriting Manager

    Company Summary:
    Carver Bancorp, Inc

    (NASDAQ:

    CARV) the holding company for Carver Federal Savings Bank, is a federally chartered institution with approximately $610 million in assets and 125 employees.

    The Bank was chartered in 1948 to address the banking needs of middle-income and underserved communities in New York City.

    Carver operates 8 full-service branches in the New York City boroughs of Brooklyn, Queens, and Manhattan. The Bank provides commercial real estate and small business loans and a range of complementary bank products and services.


    Position Summary:


    The Credit Underwriter is responsible for the underwriting of new or existing loans in a portfolio primarily of CRE, Commercial & Industrial lines of credit and term facilities, also multifamily and mixed-use loans, non-profit loans (including loans to houses of worship).

    The Underwriter contributes to the Bank's asset growth by (i) underwriting credit risk (ii) assessing current credit quality and assigning proper risk ratings (iii) engaging in client meetings or calls with the lending team to assess the credit of the borrowersEssential Duties and Responsibilities:Strong Underwriting skills set and ability to understand and communicate credit issues.

    Independently assess complex credit issues and analyze risk.
    Proficiency and experience in analyzing financial statements and reviewing overall credit quality.
    Review financial statements, tax returns, rent rolls and cash flow projections.
    Underwrite loan extensions and renewal requests as needed.

    Conduct site visits as necessary and prepares site visit reports for loans in the portfolio in accordance with lending procedures.

    Assist with the annual review of existing loans as needed.


    Qualifications:


    Ability to underwrite and monitor commercial and industrial loans, lines of credit, term facilities, as well as owner-occupied mortgages, multi-family and mixed-use loans, small business loans, non-profit loans as well as loans to houses of worship.

    In-depth knowledge of credit quality and credit analysisProficient in analyzing financial statements of commercial real estate, multi-family, and business operations.

    Ability to interact with borrowers, attorneys, accountants, appraisers, and any other external professionals as required.

    Strong verbal and written communication skills, relationship management, and business development skills, working with both private-sector financial institutions and public agencies.


    Background/Experience:


    Bachelor's degree from an accredited institution, with an equivalent of 5+ years of experience in underwriting and analyzing commercial real estate and business loans.

    Ability work with minimal supervisionSkilled in proposing and negotiating and recommending credit and covenant structures.
    Experience spreading financial statements using Excel or spreading program.

    Well-developed analytical and critical thinking skillsStrong organizational, verbal, and written skillsKnowledge of bank products and servicesStrong knowledge of Microsoft Office productsSBA underwriting experience preferred but not required.


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