Commercial Credit Senior Underwriter/Portfolio Manager I, Not For Profit

M&T Bank Corporation; Falls Church (VA); Hybrid; USD 98,000 - 165,000; Full time

Job summary

An established industry player is seeking a Commercial Credit Senior Underwriter/Portfolio Manager to evaluate and manage credit risks for complex commercial clients. This hybrid position offers the opportunity to work closely with relationship managers, conducting thorough financial analyses and ensuring compliance with credit policies. The successful candidate will leverage their expertise in financial statement analysis and risk assessment to support the bank's commitment to its clients and communities. Join a team that values integrity and collaboration while making a significant impact in the financial sector.

Benefits

Medical Benefits

Retirement Plans

Paid Volunteer Time

Competitive Salary

Qualifications

• 5+ years’ experience in commercial credit or financial analysis.
• Excellent verbal and written communication skills.

Responsibilities

• Evaluate credit risks of complex commercial clients through detailed analysis.
• Manage ongoing credit risk of existing loan portfolios through monitoring.

Skills

Financial Statement Analysis

Credit Risk Assessment

Analytical Skills

Communication Skills

Education

Bachelor's degree in Accounting

Bachelor's degree in Finance

Bachelor's degree in Economics

Job description

Commercial Credit Senior Underwriter/Portfolio Manager I, Not For Profit page is loaded

Commercial Credit Senior Underwriter/Portfolio Manager I, Not For Profit

Apply remote type Hybrid Position locations Falls Church, VA time type Full time posted on Posted 12 Days Ago job requisition id R74729

This position may be hybrid out of any location within our footprint

Overview:

Evaluate and determine, monitor, and assess the credit risks of larger, more complex commercial clients through detailed financial statement analysis, industry assessment, collateral valuation, cash flow analysis and the ability to repay annual debt service.

Primary Responsibilities:

• Facilitate the credit needs of customers by underwriting new requests and material modifications from deal screen through approval and for the life of the loan.
• Manage the ongoing credit risk of existing loan portfolios through continuous credit monitoring (CCM) activities enabling the timely identification of emerging credit risk so that appropriate actions can be taken to manage the risk, minimize losses and assign an accurate risk rating. A CCM program includes but is not limited to annual reviews (and PLRs and Guarantor Assessments), interim update memos, a covenant monitoring program, problem loan management, early warning indicators, and other forms of credit surveillance.
• Review all pertinent credit and financial information, including but not limited to financial statements, tax returns, due diligence reports, credit bureaus, appraisals, internal credit information, industry research and peer data. Determine the need for more thorough investigation or additional information, and coordinate gathering of such information.
• Analyze financial information and related materials and complete the credit analyses for the Bank’s commercial transactions. Written analyses to include an independent credit quality assessment with well-supported risk rating, identification of and description of credit risks and mitigants, industry concerns, market trends, financial trends, and other pertinent credit issues of respective deals.
• Partner proactively with relationship managers and be intimately involved throughout the deal process, from deal screen through approval and for the life of the loan to maintain timely and accurate risk ratings for a portfolio of commercial credits.
• Spread financial statements and prepare financial models designed to sensitize various conditions impacting the proposed transaction. Prepare cash flow, collateral schedules, covenant sensitivity calculations, financial models, and guarantor statement analysis as appropriate.
• Attend client/prospect calls with RMs to gain a thorough understanding of the client/prospect and their business to effectively analyze and underwrite the proposed transaction. Based on underwriting parameters, recommend the risk rating.
• Prepare summary, present facts, and offers opinions concerning credit-worthiness.
• Assist in the structure of loan requests, where appropriate, to include suggestions on terms, conditions, controls, collateral, and guarantors.
• Displays deep understanding of financial regulatory environment as it applies to underwriting most forms of commercial credit transactions.
• Ensure credit policy compliance by verifying adherence of underwriting to the Commercial Credit Policy, and evaluating any risk associated with non-compliance
• Present analysis or address questions during credit request discussions or committee presentations.
• Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
• Promote an environment that supports diversity and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.

Scope of Responsibilities:

The Commercial Credit Underwriting/Portfolio Management Department is responsible to provide an independent credit quality assessment of the Bank's commercial clients. These assessments range from initial analyses of new relationships to the Bank to material modifications or restructurings of long-term relationships and ongoing monitoring through the life of the loan. The Department also is responsible for ensuring the accurate completion of the Bank's risk rating scorecards and financial statement spreads. The work completed in this capacity is used to make new credit decisions.
The position interacts with commercial banking relationship managers throughout the bank’s footprint as well as other internal personnel on credit approvals of $30+MM typically.
Works independently with limited supervision.
Customer interaction is expected.

Managerial/Supervisory Responsibilities:

Input into training of junior/newly hired Underwriters

Education and Experience Required:

Bachelor's degree in Accounting, Finance, Economics, or related field and 5 years’ experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis. In lieu of a degree, a combined minimum 9 years’ higher education and work experience, to include 5 years’ experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis.

Excellent verbal and written communication skills.

Excellent analytical ability

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $98,720.40 - $164,534.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Falls Church, Virginia, United States of America

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Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution.

As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. ViewM&T’s Human Capital Report to learn more.

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M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.