C&I Credit Underwriter (Technology Healthcare & Sponsor Finance)

About the role

The Vice President, C&I Credit Underwriter is responsible for the independent underwriting and risk assessment of credit facilities extended to middle market companies across the technology, healthcare, and sponsor-backed sectors. This role supports lending activity for both corporate and private equity-sponsored borrowers, including financing supporting platform investments, recapitalizations, and tuck-in acquisitions.

Responsibilities

• Lead the independent underwriting and credit analysis of new lending transactions across technology, healthcare, and sponsor-backed middle market borrowers.
• Evaluate borrower financial performance, operating trends, and projections to assess cash flow generation, leverage capacity, liquidity, and debt service ability.
• Perform detailed financial modeling including: EBITDA normalization and quality of earnings analysis, leverage and liquidity analysis, free cash flow generation, downside stress testing.
• Assess technology and healthcare business models, including recurring revenue structures, customer concentration, reimbursement frameworks, regulatory considerations, and competitive positioning.
• Underwrite private equity-sponsored transactions, including platform financings and add-on / tuck-in acquisitions, evaluating sponsor support, integration risk, and post-transaction leverage.
• Structure credit facilities including: revolving credit facilities, term loans, acquisition facilities, delayed draw term loans.
• Identify key credit risks and structure appropriate financial covenants, collateral support, reporting requirements, and structural mitigants.
• Prepare term sheets, prescreen memos, and comprehensive credit approval memoranda summarizing borrower performance, transaction structure, industry outlook, risk considerations, and recommended credit terms.
• Present transactions to credit committees and senior credit officers as required.
• Monitor the credit performance of assigned borrowers within the technology, healthcare, and sponsor finance portfolio.
• Review borrower financial statements, covenant compliance certificates, and operating metrics to assess performance relative to underwriting expectations.
• Evaluate the impact of acquisitions, add-on strategies, and changes in capital structure on borrower credit profile.
• Identify emerging risks and recommend appropriate actions including risk rating changes, amendments, waivers, or restructuring strategies where necessary.
• Participate in periodic portfolio reviews and credit risk discussions with senior credit leadership.
• Collaborate with Relationship Management teams to evaluate prospective lending opportunities.
• Provide guidance regarding credit structure, leverage tolerance, covenant frameworks, and credit risk considerations during early-stage transaction discussions.
• Support the development of the bank’s technology, healthcare, and sponsor finance lending platform through disciplined credit structuring and thoughtful risk assessment.
• Ensure credit underwriting and approval processes comply with the bank’s credit policies, regulatory guidance, and risk management standards.
• Cook up loan documentation and closing conditions.
• Maintain complete and well-documented credit files supporting underwriting decisions.
• Support internal credit review, audit, and regulatory examinations as required.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, or related discipline.
• An MBA and/or CFA, CRC a plus.
• 5–10 years of commercial banking or sponsor finance credit underwriting experience, preferably within middle market lending.
• Demonstrated experience underwriting cash flow-based lending transactions.
• Experience evaluating private equity sponsor-backed borrowers and acquisition financings, including add-on or tuck-in strategies.
• Familiarity with technology and healthcare sectors, including SaaS revenue models, technology-enabled services, and healthcare services providers.
• Strong financial modeling skills and ability to evaluate leverage capacity, liquidity profiles, and downside scenarios.
• Experience structuring financial covenants, collateral packages, and credit protections.
• Excellent written communication skills with ability to prepare clear and concise credit memoranda.
• Able to manage multiple transactions simultaneously in a deadline-driven environment.
• Strong analytical judgment and ability to work collaboratively with origination, risk, and credit leadership.