Senior Commercial Loan Underwriter & Portfolio Lead

Ascendo Resources; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Ascendo Resources is seeking an experienced Senior Loan Underwriter to join its Bronx-based Credit team. You will underwrite complex commercial loans, manage an existing portfolio, and oversee a team of underwriters and loan processors.

The role requires 8+ years of commercial loan underwriting experience, with proficiency in C&I, construction loans, mortgages, asset-based lending, SBA loans, and nonprofit lending. Leadership and regulatory knowledge are essential.

Qualifications

• Must have strong financial statement analysis and cash flow modeling skills.
• Experience with mid-to-large size borrowers (revenues up to $100M) is preferred.
• Supervision and development of underwriting teams expected.

Responsibilities

• Underwrite and analyze commercial loan transactions (C&I, construction loans, mortgages, ABL, SBA).
• Evaluate borrower/guarantor financials, cash flow, repayment capacity and credit risk.
• Prepare credit proposals and present to Loan Committee and senior management.
• Analyze financial statements, aging, collateral and borrowing base certificates.
• Forecast cash flows and perform debt service coverage analysis.
• Manage existing loan portfolio with annual reviews and amendments.
• Monitor portfolio for credit risks and deteriorating trends.
• Collaborate with processing, closing and other teams to facilitate deals.
• Supervise and develop underwriting team and ensure policy adherence.

Skills

Commercial underwriting

Credit analysis

Portfolio management

Leadership

Education

Bachelor's degree

MBA

Job description

Ascendo Resources is seeking an experienced Senior Loan Underwriter to join its Bronx-based Credit team. You will underwrite complex commercial loans, manage an existing portfolio, and oversee a team of underwriters and loan processors.

The role requires 8+ years of commercial loan underwriting experience, with proficiency in C&I, construction loans, mortgages, asset-based lending, SBA loans, and nonprofit lending. Leadership and regulatory knowledge are essential.