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.
Ability to manage multiple transactions simultaneously in a deadline-driven environment.
Strong analytical judgment and ability to work collaboratively with origination, risk, and credit leadership.
Pay
The starting base salary for this role is between $130,000.00 – $150,000.00. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands.
Schedule
A hybrid work model effective February 18, 2025, employees in office-based positions will be working a Hybrid work schedule consisting of three days or more, on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence.