Underwriting Manager - Commercial Credit C&I

Amerant; Coral Gables (FL); On-site; USD 110,000 - 170,000; Full time

Job summary

Searchbox l.l.c. seeks an experienced credit underwriting leader to supervise a team responsible for transactional support, underwriting, and portfolio management in a Banking environment.

You will coordinate with Credit Administration, Loan Operations, and Risk teams to ensure accurate reporting and rigorous risk assessment while maintaining adherence to credit programs and policies. Strong regulatory knowledge and mentoring skills are essential.

Qualifications

• Bachelor’s degree in business, accounting or finance required.
• Master’s degree preferred OR 5+ years of credit underwriting/credit analysis experience in lieu of education.
• Formal credit training preferred.

Responsibilities

• Supervises team in transactional support with the creation of credit memos and adherence to credit programs and policy.
• Coordinates efforts with Credit Administration, Loan Operations, Portfolio Management, and Credit Risk to streamline processes and maintain report accuracy and credit quality.
• Oversees underwriting functions and screens data prepared by underwriters; supports new business activities and ensures required documentation and policy conformity.
• Manages underwriters in annual reviews; identifies risk rating changes and recommends modifications; verifies covenant testing and policy exceptions.
• Reviews financial condition and operating performance of borrowers for new/existing exposures, increases, and term modifications.
• Performs large/complex financial analysis with high accuracy; identifies loan structure risks and mitigating factors.
• Identifies, evaluates, monitors, and recommends actions to reduce or control risks to earnings or capital.
• Assists in adherence to covenants, liaises with Credit Portfolio Managers and Relationship Managers, and coordinates with other bank units.
• Participates in recruiting, screening, hiring, onboarding, coaching, and mentoring of underwriting staff.
• Supports development and promotion of loan products; oversees training of new underwriters in procedures and credit criteria.
• Prepares and reviews spread financial statements, comprehensive analyses, and credit approval packages per policy.
• Conducts analytics and produces timely data and reporting for the division.
• Works with loan origination, modification, annual reviews, and senior management presentations in software systems.
• Monitors maturities, delinquencies, and criticized assets; flags portfolio issues and reports to supervisor.
• Collaborates with Relationship Managers on client calls and deal structuring.
• Provides coverage during vacations and absences; ensures compliance with AML and related regulations.

Skills

Credit underwriting

Credit analysis

Portfolio management

Supervisory experience

Financial analysis

Regulatory compliance

AML compliance

Education

Bachelor's degree in business/finance

Master's degree preferred

Formal credit training

Tools

Microsoft Office

SQL

Salesforce

nCino

FIS IBS

Job description

Responsibilities

• Supervises team members in their transactional support with the creation of credit memos while maintaining clear understanding of the Bank's credit programs and policy and its adherence. Reports to supervisor all deviation from credit programs and policy
• Responsible for coordinating efforts with other bank units such as Credit Administration, Loan Operations, Portfolio Management, and Credit Risk to streamline processes and maintain accuracy of reports and credit quality of the portfolio
• Oversees and conducts analysis/underwriting functions, as needed. Provide support on new business activities by screening data prepared by underwriters and follows up to ensure they are obtaining required documentation and conformity to credit underwriting policy of the bank. Assists in the preparation of documentation, memos, and/or presentation as needed
• Manages underwriters in their annual review of existing credit relationships; Identify necessary risk rating changes, errors or inconsistencies and recommend modifications to risk rating as deemed appropriate. This includes calculating and verifying covenant testing requirements and monitoring loan policy exceptions, as needed
• Support the accurate review and evaluation of the financial condition and operating performance of C&I Borrowers, CRE Borrowers or Private Banking / Private Client Borrowers for new and existing loan exposures, increases, and modifications of terms/conditions
• Provides support and participates in the large & complex financial analysis with a high degree of accuracy in terms of figures and credit risk assessment. Responsibility may also include the proper identification of loan policy exceptions and identification of industry/loan structure specific risks/issues with appropriate mitigating factors
• Ability to identify, evaluate, monitor and make any recommendation deemed necessary to the supervisor to assess, reduce, eliminate or control any current or prospective risks to earnings or capital arising from violations of, or nonconformance with, laws, rules, regulations, prescribed practices, internal policies and procedures or ethical standards
• Assist in the review and measurement of borrower's conformance with legal covenants, tracking of same and the identification of compliance or non-compliance This may include assisting Credit Portfolio Managers and Relationship Managers in collaborating with other bank units such as Credit Administration, Loan Operations, Credit Services, Closing areas, and Credit Risk
• Responsible for recruiting, screening, hiring, and onboarding new team members
• Responsible for supervising, coaching, training, and mentoring the assigned underwriting team to enhance their knowledge of the position
• Responsible for providing support in developing, enhancing, and promoting new and existing loan products
• Oversees the training process of new underwriters. Specifically, ensuring that trainees have adopted the operating procedures of the department, mastering the various formats used and the credit criteria applied to the various forms of analysis
• Complete or review and provide feedback on spread financial statements, comprehensive analysis, and credit approval packages according to Bank credit programs and policy
• Conducts analytics and produces timely data and reporting related to assigned division
• Work within the software systems for loan originations, modifications, annual reviews, and other presentations to senior management
• Responsible for the administration and monitoring maturities, delinquencies, including criticized assets reports on a regular basis as well as assisting in the identifying any "red flags" or problems within the portfolio. Reports to supervisor all portfolio issues and irregularities found in these reports
• Partners with Relationship Managers, to include participation in client calls, site visits, as well as facilitating appropriate deal structuring
• Provide assistance in other areas within the department, as required, covering during vacation or absenteeism
• Ensure preventive measures are carried out to fully comply with current rules, regulations and internal policies relating to risks pertaining to BSA, USA Patriot Act, OFAC and other AML related issues
• Assist management with ongoing projects

Minimum Education and/or Certifications Requirements

• Bachelor's degree in business, accounting or finance required.
• Master's degree preferred OR 5+ years of credit underwriting/credit analysis experience in lieu of education.
• Formal credit training preferred.

Minimum Work Experience Requirements

10+ years of professional experience credit underwriting/credit analysis/portfolio management. Knowledgeable of banking products and documentation.5+ years of supervisory experience in a banking or other financial institution

Technical and/or Other Essential Knowledge

Thorough understanding of the Bank's credit procedures, programs and policy. Accounting and credit principles. Proficiency in Microsoft Suite is required; experience in SQL is a plus. Salesforce, nCino, FIS IBS experience is a plus. Sound time management and organizational skills required. Well organized and systematic. Must possess strong communication skills