Managing Director, Underwriting Team Lead

Jobtailor

Illinois

On-site

USD 180,000 - 260,000

Full time

5 days ago

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Job summary

Jobtailor in Illinois seeks a seasoned ABL Underwriting leader to manage a national team, set strategy, and drive risk-aware credit decisions across revolvers, term loans, and seasonal lines. You will coach underwriters and present complex credits to senior forums, ensuring robust collateral analysis.

You will partner with policy, risk, and operations to implement scalable processes and to monitor stress tests and portfolio concentration. Excellent communication and leadership are required.

Qualifications

Bachelor's degree in finance, accounting, business, or related field.
10+ years in ABL underwriting.
2+ years leading underwriters or in a formal team lead role.
15+ years in commercial credit preferred.
Experience coordinating field exams and collateral appraisals.
Knowledge of pipeline management, stress testing, and portfolio concentration.

Responsibilities

Manage and develop a nationally based team of ABL underwriters.
Set team strategy and capacity plans; assign and review work; coach underwriters.
Lead underwriting of new money, amendments, and renewals across revolvers, term loans, and seasonal lines.
Present complex credits to senior credit forums with risk-reward articulation.
Ensure underwriting addresses borrowing-base mechanics, collateral controls, and covenants.
Provide leadership on risk trends and mitigation strategies.
Underwrite complex ABL capital structures and act as escalation point.
Drive Borrowing Base Certificate reporting and variance analysis.

Skills

ABL Underwriting

Team Leadership

Financial Statement Analysis

Risk Mitigation Strategies

Credit Policy Interpretation

Education

Bachelor's degree in finance, accounting, business, or related field

Advanced degree or CFA/FRM is a plus

Tools

Collateral Monitoring Tools

Workflow Automation

Borrowing Base Platforms

Treasury Management Controls

Job description

Manage and develop a nationally based team of ABL underwriters
Set team strategy and capacity plans; assign and review work; calibrate credit judgment; and coach underwriters
Lead underwriting of new money, amendments, and renewals across revolvers, term loans, FILO facilities, and seasonal lines
Prepare, review, and refine prescreens and proposals with the ABL Business Development Team
Present complex credits to senior credit forums with risk-reward articulation and stress-case analysis
Ensure underwrites address borrowing-base mechanics, advance rates, collateral controls, cash management, intercreditor terms, covenants, availability blocks, and liquidation analysis
Provide leadership on risk trends, early warning indicators, industry concerns, and risk mitigation strategies
Underwrite complex ABL capital structures involving private equity, split-lien term loans, bonds, junior capital, and first-out uni-tranche structures
Serve as escalation point for complex, policy-exception, or challenged credits
Provide market intelligence on competitive structuring, pricing, and documentation trends
Oversee collateral diligence and field exams; ensure eligibility criteria, reserves, concentration limits, and appraisal inputs are appropriately set
Drive Borrowing Base Certificate reporting, variance analysis, and availability reporting
Interpret and operationalize ABL credit policy, underwriting standards, and control frameworks
Partner with Credit Policy, ERM, and Audit to address QA, audit, and regulatory findings
Support regulatory examinations and horizontal reviews; translate evolving guidance into underwriting standards
Collaborate with Coverage/Originations, Legal, Operations/TM, and Collateral Operations/Field Exam vendors
Use analytics to track cycle time, approval quality, and exceptions
Lead process improvements and champion technology adoption for collateral analysis and underwriting workflow

Requirements

Bachelor’s degree in finance, accounting, business, or related field
10+ years in ABL underwriting
2+ years leading underwriters or in a formal team lead role
Advanced degree or CFA/FRM is a plus
15+ years in commercial credit preferred
Prior experience coordinating field exams and collateral appraisals
Working knowledge of eligibility tests, dilution, and inventory obsolescence reviews
Knowledge of pipeline management, stress testing, and portfolio concentration frameworks for complex capital structure
Familiarity with treasury management controls for ABL, including lockbox and cash dominion
Familiarity with borrowing-base systems
Expertise in ABL structures, including AR/inventory borrowing bases, availability blocks, reserves, and dominion
Strong financial statement analysis, modeling, cash-flow and liquidation analysis
Excellent credit memo writing and presentation skills
Experience managing distributed teams and high-volume, complex deal pipelines with multiple concurrent transactions
Ability to influence senior stakeholders including Credit Risk, Coverage, and Executive Leadership
Deep familiarity with OCC leveraged lending and ABL supervisory guidance
Familiarity with ABL systems, borrowing base platforms, collateral monitoring tools, and workflow automation

Core Competencies

Demonstrates expertise in ABL underwriting, including complex capital structures and risk management strategies, while effectively leading and developing a team of underwriters. Proficient in financial analysis, credit policy interpretation, and collaboration with cross-functional teams to drive process improvements and ensure compliance.

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