Senior Underwriter

  • Upper Manhattan Empowerment Zone
  • New York, NY, USA
  • Apr 30, 2019
Full time Financial Services Other

Job Description

Summary: The Senior Underwriter will serve as the primary underwriter for loan transactions, loan structuring, and will work in conjunction with the Business Investments team in determining credit risk, financial analysis and investments. This role will provide feedback and technical assistance across full range of lending activities, including structuring, underwriting and closing of Commercial & Industrial (C&I) and/ or Commercial Real Estate Loans.

 

 

Essential Duties and Responsibilities: Include the following and other duties may be assigned:

 

 

 

·         Serve as primary underwriter for C&I and/or Commercial Real Estate loan transactions which includes working with Business Investments team to structure transactions, conducting due diligence, financial analysis and drafting credit memoranda

·         Work with borrowers, analyze, and evaluate applications for credit and ascertain all necessary due diligence and documentation

·         Perform full credit analysis and projection scenarios for proposed loan fund clients

·         Structure loan terms and assist in the closing process for approved loans by working with the Legal Department and borrowers on necessary documentation

·         Prepare written analysis of loan applicants and present written and oral recommendations to the Loan Committee

·         Work with the Business Investments team in strategizing and designing new loan products and lending programs

·         Provide technical assistance to Business Investment team; perform primary underwriting in the form of structuring assistance, support, and guidance concerning the compliance of underwriting criteria

Occupations

Credit Review-Analysis, Underwriter

Salary

Will commensurate with experience

Qualifications

·         Undergraduate degree in business or a related field; MBA preferred

·         Strong knowledge and experience with C&I and/or Commercial Real Estate loan transactions, loan structuring and underwriting with the ability to analyze financial statements

·         7-10 years in credit analysis and underwriting  

·         Ability to multitask, work independently and interdependently

·         Must be able to engage in a tactful manner with colleagues, potential borrowers, and existing borrowers

·         Strong interpersonal, written and oral communications skills and excellent attention to detail

·         Community residence and/or familiarity with Upper Manhattan community preferred

·         Bi-Lingual, English and Spanish, a plus but not necessary