Underwriting Manager - Commercial Credit C&I

Responsibilities

• Supervises team members in their transactional support with the creation of credit memos while maintaining clear understanding of the Bank’s credit programs and policy and its adherence.
• Reports to supervisor all deviation from credit programs and policy.
• Coordinates efforts with other bank units such as Credit Administration, Loan Operations, Portfolio Management, and Credit Risk to streamline processes and maintain accuracy of reports and credit quality of the portfolio.
• Oversees and conducts analysis/underwriting functions, as needed.
• Provides support on new business activities by screening data prepared by underwriters and follows up to ensure they are obtaining required documentation and conformity to credit underwriting policy of the bank.
• Aids in the preparation of documentation, memos, and/or presentation as needed.
• Manages underwriters in their annual review of existing credit relationships; Identify necessary risk rating changes, errors or inconsistencies and recommend modifications to risk rating as deemed appropriate.
• Includes calculating and verifying covenant testing requirements and monitoring loan policy exceptions, as needed.
• Supports the accurate review and evaluation of the financial condition and operating performance of C&I Borrowers, CRE Borrowers or Private Banking / Private Client Borrowers for new and existing loan exposures, increases, and modifications of terms/conditions.
• Provides support and participates in the large & complex financial analysis with a high degree of accuracy in terms of figures and credit risk assessment.
• Able to identify, evaluate, monitor and make any recommendation deemed necessary to the supervisor to assess, reduce, eliminate or control any current or prospective risks to earnings or capital arising from violations of, or nonconformance with, laws, rules, regulations, prescribed practices, internal policies and procedures or ethical standards.
• Aid in the review and measurement of borrower’s conformance with legal covenants, tracking of same and the identification of compliance or non-compliance This may include assisting Credit Portfolio Managers and Relationship Managers in collaborating with other bank units such as Credit Administration, Loan Operations, Credit Services, Closing areas, and Credit Risk.
• Recruits, screens, hires, and onboards new team members.
• Supervises, coaches, trains, and mentors the assigned underwriting team to enhance their knowledge of the position.
• Supports in developing, enhancing, and promoting new and existing loan products.
• Oversees the training process of new underwriters. Specifically, ensuring that trainees have adopted the operating procedures of the department, mastered the various formats used and the credit criteria applied to the various forms of analysis.
• Completes or reviews and provides feedback on spread financial statements, comprehensive analysis, and credit approval packages according to Bank credit programs and policy.
• Conducts analytics and produces timely data and reporting related to assigned division.
• Works within the software systems for loan originations, modifications, annual reviews, and other presentations to senior management.
• Responsible for the administration and monitoring maturities, delinquencies, including criticized assets reports on a regular basis as well as assisting in the identifying any “red flags” or problems within the portfolio. Reports to supervisor all portfolio issues and irregularities found in these reports.
• Partners with Relationship Managers, to include participation in client calls, site visits, as well as facilitating appropriate deal structuring.
• Provides assistance in other areas within the department, as required, covering during vacation or absenteeism.
• Ensures preventive measures are carried out to fully comply with current rules, regulations and internal policies relating to risks pertaining to BSA, USA Patriot Act, OFAC and other AML related issues.
• Aids management with ongoing projects.

Requirements

• Bachelor’s degree in business, accounting or finance required. Master’s degree preferred OR 5+ years of credit underwriting/credit analysis experience in lieu of education.
• Formal credit training preferred.
• Minimum 10+ years of professional experience credit underwriting/credit analysis/portfolio management.
• Knowledgeable of banking products and documentation.
• 5+ years of supervisory experience in a banking or other financial institution.
• Thorough understanding of the Bank’s credit procedures, programs and policy.
• Accounting and credit principles.
• Proficiency in Microsoft Suite is required; experience in SQL is a plus.
• Experience with Salesforce, nCino, FIS IBS is a plus.
• Sound time management and organizational skills required.
• Well organized and systematic.
• Must possess strong communication skills.