Commercial Credit Underwriter / Portfolio Manager, CRE

M&T Bank; Carpinteria (CA); On-site; USD 87,000 - 147,000; Full time

Job summary

An established industry player is seeking a skilled credit analyst to evaluate and manage the credit risks associated with complex commercial real estate clients. This role involves detailed financial analysis, credit monitoring, and collaboration with relationship managers to ensure sound credit decisions. The successful candidate will leverage their analytical skills and experience in commercial credit to assess risks and support the bank's lending activities. Join a dynamic team where your expertise will contribute to maintaining the financial integrity and success of commercial lending operations.

Qualifications

• 4+ years of experience in commercial credit and financial statement analysis.
• Strong analytical skills and attention to detail.

Responsibilities

• Evaluate credit risks of commercial real estate clients and higher dollar loans.
• Analyze financial information and prepare credit analyses for transactions.

Skills

Credit Risk Assessment

Financial Statement Analysis

Analytical Skills

Verbal Communication

Written Communication

Education

Bachelor's degree in Accounting

Bachelor's degree in Finance

Bachelor's degree in Economics

Job description

Evaluate, monitor, and assess the credit risks of complex commercial real estate clients and higher dollar loans (typically $10MM and greater), 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.
• Assist in managing 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.
• 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. Present analysis or address questions during credit request discussions or committee presentations.
• Ensure credit policy compliance by verifying adherence of underwriting to the Commercial Credit Policy and commenting on any risk associated with non-compliance.
• Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
• 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 Department is responsible for 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 typical credit approvals of $10-30MM.

Customer interaction is expected.

Works independently with limited supervision.

Education and Experience Required :

Bachelor's degree in Accounting, Finance, Economics or related field and at least 4 years' experience in commercial credit, public accounting, and financial statements. In lieu of a degree, a combined minimum 8 years' higher education and work experience to include at least 4 years' experience in commercial credit, public accounting, financial statement preparation / analysis or other financial analysis.

Strong verbal and written communication skills.

Strong analytical ability

Experience Preferred :

Construction financing experience.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $87,822.93 - $146,371.55 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

New York, New York, United States of America

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