Senior Manager, Risk & Credit

Gordon Brothers; Melville (NY); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Base salary + bonus

Health insurance

Dental benefits

401(k) match

Generous time off

Job summary

Gordon Brothers in New York is seeking a senior underwriter to lead underwriting and risk assessment of complex commercial lease and loan transactions. You will prepare analyses, offering memoranda, and defend credit decisions while mentoring junior staff.

The role requires eight+ years of experience, a degree in Accounting/Finance, and strong MS Excel/Word and financial spreading skills; a competitive package includes base salary and bonus and benefits.

Qualifications

• Concentration in Accounting and/or Finance preferred; required for applicants with no prior relevant work experience.
• Proficient knowledge with MS Word and Excel.
• Strong to exceptional written and verbal communication skills.
• Minimum of eight (8) years foundational experience; prior credit authority.
• Bachelor’s degree (BA, BS, BBA, etc.) with a concentration in Accounting and/or Finance preferred.

Responsibilities

• Review terms and conditions of exposures between $1,000,000 and $25,000,000; assess obligor strength and credit structures.
• Assist in managing workflow and assignments of credit actions with the Director of Risk & Credit.
• Prepare financial statement spreads and review adequacy of supporting data.
• Review DSCR and LTV; identify missing information for credit decisions.
• Prepare Credit Offering Memoranda covering financial and risk elements and risk rating.
• Review and approve actions by junior/mid-level staff; advise senior when outside authority.
• Participate in business opportunity meetings to identify potential investments.
• Develop portfolio monitoring reports and ensure timely risk rating accuracy.
• Mentor and train junior underwriting staff; support performance feedback.
• Back up Director on selected management and workflow tasks.
• Ensure compliance with company policies and procedures.
• Prepare annual reviews.
• Assist with departmental duties as directed.

Skills

Credit analysis

Financial statement analysis

MS Word

MS Excel

Communication skills

Education

Bachelor's degree in Accounting/Finance

Tools

Financial spreading software

Job description

About Gordon Brothers:Since 1903, Gordon Brothers has helped companies unlock the potential of their assets. Our solutions-oriented approach combined with over 120 years of industry knowledge enables clients to get the most value from their assets with tailored solutions across asset services, asset lending and financing, and asset trading. Leveraging our deep expertise in retail, industrial, brands and real estate, we work closely with clients globally to determine the value of, lend against, or buy and sell their assets to help them achieve their business goals.At Gordon Brothers, we foster a culture of collaboration and creativity to find unique and innovative solutions for our clients. We take pride in fostering an engaging, inclusive culture and encouraging employees to bring new ideas to the table, develop their skills, and build dynamic and fulfilling careers.For more information, please visit www.gordonbrothers.com.

Description

Responsible for the underwriting and risk assessment of complex commercial lease and loan transactions and for supporting the oversight of the underwriting process within an assigned line of business. Prepares and reviews underwriting analyses, approves transactions within assigned credit authority, and serves as a senior technical resource and mentor to the underwriting team.

• Reviews transaction terms and conditions of exposures generally between $1,000,000 and $25,000,000, including identifying the strength and experience of new and existing obligors and evaluating more complex credit structures
• Assists in managing and overseeing workflow and assignments of credit actions within the assigned area to ensure timely turnaround and appropriate use of personnel, in coordination with the Director of Risk & Credit
• Prepares financial statement spreads and reviews the adequacy of supporting financial information and the need to obtain additional and/or more current financial data
• Reviews key financial results, ratios and transaction structure elements including the adequacy of the debt service coverage and loan to value. Identifies any missing information or inquiries for credit decisioning
• Preparation of comprehensive Credit Offering Memoranda covering key aspects of financial and credit risk elements, obligor credit profile, etc., including determination of risk rating. Communicates with internal and external sources to request specific information required for analysis
• Reviews, evaluates and approves credit actions prepared by junior and mid-level underwriting staff within assigned credit authority, and makes recommendations to a senior level underwriting position for final disposition of transactions outside of credit authority
• Will participate in business opportunity meetings to determine potential investment interests
• Helps develop and maintain portfolio monitoring reports and analysis to support applicable lines of business and risk management objectives. Assists in ensuring the accuracy and timeliness of risk ratings
• Mentors, trains, and provides guidance to junior and mid-level underwriting staff, and may assist with performance feedback and development
• Serves as a backup to the Director on select management and workflow responsibilities as needed
• Responsible for compliance with Company policies and procedures
• Prepares annual reviews
• Assists with departmental duties as directed by their manager

Qualifications/Education Requirements

• Concentration in Accounting and/or Finance preferred; required for applicants with no prior relevant work experience. Credit analysis and financial statement analysis experience required
• Proficient knowledge ability with MS Word and Excel. Financial spreading software a plus
• Strong to exceptional written and verbal communication skills
• Minimum of eight (8) years foundational experience. Prior credit authority required; prior mentoring or lead experience preferred
• Bachelor’s degree (BA, BS, BBA, etc.) from a four-year college or university required, with a concentration in Accounting and/or Finance preferred

Gordon Brothers offers a very competitive total compensation package, including base salary and bonus plan, health insurance, dental benefits, a generous 401(k) match, time off benefits, and more.

In compliance with the Americans with Disabilities Act (ADA), please contact the Human Resources department if you have a disability and need reasonable accommodation with any part the application process. Requests will be considered on a case-by-case basis.

Gordon Brothers is an Equal Opportunity Employer.