Senior Loan Underwriter

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

We are seeking an experienced Senior Loan Underwriter to join the Credit team of a financial institution in the Bronx. This individual will be responsible for underwriting complex commercial loans, managing an existing loan portfolio, evaluating credit risk, and overseeing a team of underwriters and loan processors.

Key Responsibilities:

• Underwrite and analyze commercial loan transactions, including C&I, construction loans, permanent mortgages, asset-based lending, SBA loans, and other credit facilities
• Evaluate borrower and guarantor financials, cash flow, repayment capacity, and overall creditworthiness
• Prepare credit proposals and present recommendations to Loan Committee and senior management
• Analyze financial statements, accounts receivable aging, borrowing base certificates, and collateral positions
• Perform financial forecasting, cash flow analysis, and debt service coverage assessments
• Manage an existing commercial loan portfolio, including annual credit reviews, renewals, and amendments
• Monitor portfolio performance and identify potential credit risks or deteriorating financial trends
• Collaborate with loan processing, closing, and other internal teams to facilitate transactions
• Supervise, train, and develop a team of underwriters and loan processors
• Ensure adherence to internal credit policies, regulatory requirements, and underwriting standards

Qualifications:

• Minimum 8 years of commercial loan underwriting experience
• Experience underwriting C&I, construction loans, permanent mortgages, asset-based lending, letters of credit, SBA 7(a) and 504 loans, and nonprofit lending
• Experience underwriting transactions up to $60MM
• Strong financial statement analysis, cash flow modeling, and credit risk assessment skills
• Experience working with middle-market borrowers, including businesses with annual revenues up to $100MM
• Prior experience supervising and developing underwriting teams
• Strong understanding of commercial lending regulations, credit policies, and portfolio management
• Experience working cross-functionally with credit, lending, and loan operations teams
• Bachelor's degree in Finance, Accounting, Economics, Business, or a related field
• MBA or Master's degree preferred

Ascendo is a certified minority owned staffing firm, and we welcome and celebrate diversity.Ascendo is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, parental status, military service or any other characteristic protected by federal, state or local law.