Credit Underwriter (AVP/VP)

About the role

The Credit Underwriter II (AVP) or Credit Underwriter III (VP) will be an integral part of the loan review and approval process for new CRE loan transactions. The job requires a self-starter capable of independently completing work in a thoughtful and thorough manner, while evaluating all risks associated with complicated CRE credit transactions.

Responsibilities

• Prepare comprehensive credit memorandums that provide in-depth analysis of new credit requests and analyze risks and mitigants of loan structures.
• Work with the origination team and credit risk management in reviewing and analyzing financial statement reports, conducting due diligence, assessing credit risk, preparing deal screen presentations, writing credit approval memorandums, presenting recommendations to the credit committee, and monitoring and managing the credit portfolio.
• Work on numerous deals simultaneously, working well on a team with different personalities, adjusting quickly to various work situations, and remaining composed under pressure/in stressful situations.
• Avoid working on multiple long-term transactions simultaneously, while prioritizing assignments to meet deadlines.
• Assist in the presentation of transactions to the credit committee in support of approval.
• Maintain good working knowledge of the Bank’s lending policies/ procedures and identify exceptions to credit policy.
• Recommend appropriate risk ratings in accordance with credit policy guidelines.
• Attend meetings and/or conference calls on transactions, lead due diligence discussions, and guide the deal through the approval process.
• Perform annual credit reviews.
• Perform other duties as required by the job.

Requirements

• Bachelor’s degree in Accounting, Finance, or other related field with proven academic excellence.
• Formal credit training and 3+ years of underwriting experience within a Commercial Bank or other real estate credit lender.
• Highly proficient financial analysis skills, including financial modeling and understanding of financial data for CRE loan transactions.
• Ability to work well on a team with different personalities, adjust quickly to various work situations, and remain composed under pressure/in stressful situations.
• Ability to work on multiple long-term transactions simultaneously, while prioritizing assignments to meet deadlines.
• Strong verbal, written, inter-personal, and public presentation skills.
• Prioritize assignments to meet deadlines.
• Proven organizational skills; able to work independently and be detail-oriented.

Qualifications

• Bachelor’s degree in Accounting, Finance, or other related field with proven academic excellence.
• Formal credit training and 3+ years of underwriting experience within a Commercial Bank or other real estate credit lender.
• Highly proficient financial analysis skills, including financial modeling and understanding of financial data for CRE loan transactions.
• Ability to work well on a team with different personalities, adjust quickly to various work situations, and remain composed under pressure/in stressful situations.
• Ability to work on multiple long-term transactions simultaneously, while prioritizing assignments to meet deadlines.
• Strong verbal, written, inter-personal, and public presentation skills.
• Prioritize assignments to meet deadlines.
• Proven organizational skills; able to work independently and be detail-oriented.

Skills

• Financial analysis skills, including financial modeling and understanding of financial data for CRE loan transactions.
• Ability to work well on a team with different personalities, adjust quickly to various work situations, and remain composed under pressure/in stressful situations.
• Ability to work on multiple long-term transactions simultaneously, while prioritizing assignments to meet deadlines.
• Strong verbal, written, inter-personal, and public presentation skills.
• Prioritize assignments to meet deadlines.
• Proven organizational skills; able to work independently and be detail-oriented.

Benefits

The starting base salary for this role is between $85,000 – $125,000. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands.

Pay

The starting base salary for this role is between $85,000 – $125,000. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands.

Schedule

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.