Loan Underwriter

Partnership Employment; New York (NY); On-site; USD 84,000 - 140,000; Full time

Job summary

Partnership Employment is seeking a Senior Loan Underwriter in New York to underwrite commercial credit, manage a loan portfolio and lead a small team of underwriters and processors.

You will recommend credit to the Loan Committee and Board, help grow lending while controlling risk, and supervise the team with limited supervision.

Qualifications

• 8+ years of commercial underwriting experience at a bank.
• Experience supervising underwriters.
• Experience with middle-market borrowers (up to $100MM) and deals to $60MM.
• Strong credit memo writing and knowledge of regulatory/compliance requirements.
• BS/BA in finance, accounting, economics or business; MBA/MS preferred.

Responsibilities

• Underwrite new and renewing commercial loans up to $60MM across CRE, C&I, SBA, and other credits.
• Assess borrowers via financial statements, cash flows, ratios and market trends.
• Monitor collateral and review borrowing bases and A/R aging.
• Write credit memos and present decisions to Loan Committee and Board.
• Manage existing portfolio including annual reviews and covenant monitoring.
• Supervise and train underwriters and processors; coordinate renewals and amendments.

Skills

Commercial underwriting

Credit analysis

Leadership

Regulatory knowledge

Financial statement analysis

Credit memo writing

SBA lending knowledge

Education

BS/BA in finance or related field

MBA or MS preferred

Job description

Salary: up to $140k depending on experience

About the role

A New York community bank is hiring a Senior Loan Underwriter to underwrite commercial credit, manage a loan portfolio and lead a small team of underwriters and loan processors. You’ll work with little supervision, make credit recommendations to the Loan Committee and Board, and help the bank grow its lending while keeping credit risk under control.

What you’ll do

• Underwrite new and renewing commercial loans, including construction, C&I, commercial real estate and permanent mortgages, asset-based loans, SBA 7(a)/504 and nonprofit credits, on deals up to $60MM.
• Assess borrowers and guarantors through financial statements, cash flow forecasts, key ratios and industry trends.
• Monitor collateral by reviewing A/R agings and borrowing base certificates.
• Write credit memos and present approve/decline recommendations to the Loan Committee and Board.
• Manage an existing portfolio that includes complex accounts: annual reviews, covenant compliance and corrective action when needed. Also handle non-loan credit products such as ACH and overdraft lines.
• Supervise and train underwriters and processors, and work with the closing and processing teams on renewals and amendments.

What you bring

• 8+ years of commercial underwriting at a bank, including construction, C&I and SBA lending.
• Experience supervising and developing underwriters.
• Experience with middle-market borrowers (sales up to about $100MM) and deals up to $60MM.
• Strong credit memo writing, plus solid knowledge of regulatory and compliance requirements.
• A BS/BA in finance, accounting, economics or business. An MBA or MS is preferred.

Nice to have: community bank experience, ABL field-exam exposure, and Spanish.