Commercial Credit Underwriting Manager

About the role

Under the direction of the SVP Chief Credit Risk Officer, the Commercial Credit Underwriting Manager oversees the day-to-day operations of the Commercial Credit Underwriting team. This position requires strong commercial credit and underwriting skills (CRE & C&I), writing skills, oral communication skills, organizational skills, and managerial experience. The Manager ensures compliance with all applicable laws, regulations, and BankNewport policies and procedures, and works collaboratively with the Credit Administration team. This is a hybrid position with some travel to other RI locations as needed for training or meetings.

Responsibilities

• Assign loans to credit analysts and manage the daily workflow of the commercial credit underwriting pipeline, meeting deadlines.
• Ensure high-quality analysis results and timely completion of all credit approval memorandums.
• Review and analyze commercial credit approval memorandums for accuracy, ensuring the highest loan quality for the Bank.
• Assign risk ratings as appropriate and accurately identify loan policy exceptions and red flags during the underwriting process.
• Underwrite complex commercial loan requests from time to time.
• Serve as a resource for credit policy and procedure interpretation for commercial lending officers and business bankers.
• Provide training and coaching to direct reports and collaborate with commercial loan officers and business bankers on loan requests, assisting in structuring, terms, and conditions.
• Ensure adherence to banking regulations (State and Federal), Bank policy, and procedures, advising management of compliance issues proactively.
• Establish, promote, and practice strong collaboration efforts within the department and with various lending business lines.
• Host weekly pipeline calls with the commercial lending team.
• Recommend improvements to Bank policies and procedures, ensuring changes meet regulatory guidelines and are successfully implemented.
• Maintain a growth mindset by offering innovative solutions in deploying team resources and technology.
• Perform other duties or responsibilities as assigned.

Requirements

• Bachelor’s degree in a related field or relevant work experience with 7 to 10 years of credit underwriting, and credit and portfolio management experience in the Banking industry.
• Must have managerial or team lead experience.
• Formal Commercial Credit training preferred.
• Excellent analytical, managerial, planning, organizational, communication (written & oral), decision-making, and technological skills, including experience using Microsoft Office programs and nCino.

Physical Requirements

• Travel independently to the position’s primary work location, other bank properties, and work-related activities or events.
• Effectively communicate and exchange accurate information and ideas.
• Independently operate a computer and other office machinery (e.g., calculator, copy machine, printer, and related software).
• Sit or stand at a workspace and use a computer or other equipment for prolonged periods.
• Meet hybrid work schedule requirements: physically work in the office during normal business hours on Mondays, Wednesdays, and another day of choice.
• Move office items weighing up to 35 pounds.
• Work in an environment with low to moderate noise levels.

Supervisory Scope

• Oversees 5 direct reports.
• Establishes short-range plans and objectives within the scope of bank-wide policies and goals.
• Consults with manager regarding policy interpretations or exceptions.
• Provides training and coaching to team members.
• Manages deadlines, loan structuring with loan officers, and ensures adherence to regulations.

Schedule

Hybrid position requiring in-office work on Mondays, Wednesdays, and one additional day of choice during normal business hours.