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

Vice President, C&I Credit Underwriter

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.

The Vice President partners with Relationship Management teams during transaction origination to evaluate credit opportunities and structure facilities consistent with the bank's risk appetite, regulatory expectations, and portfolio strategy. The role is responsible for conducting comprehensive credit analysis, evaluating borrower performance and industry dynamics, structuring appropriate credit protections, and preparing credit memoranda for approval by senior credit officers.

In addition to transaction underwriting responsibilities, the Vice President supports ongoing portfolio credit oversight and participates in monitoring borrower performance and emerging credit risks.

Essential Job Functions:

1. Transaction Underwriting
2. Lead the independent underwriting and credit analysis of new lending transactions across technology, healthcare, and sponsor-backed middle market borrowers.
3. Evaluate borrower financial performance, operating trends, and projections to assess cash flow generation, leverage capacity, liquidity, and debt service ability.
4. Perform detailed financial modeling including:
• EBITDA normalization and quality of earnings analysis
• leverage and liquidity analysis
• free cash flow generation
• downside stress testing.
5. Assess technology and healthcare business models, including recurring revenue structures, customer concentration, reimbursement frameworks, regulatory considerations, and competitive positioning.
6. Underwrite private equity-sponsored transactions, including platform financings and add-on / tuck-in acquisitions, evaluating sponsor support, integration risk, and post-transaction leverage.
7. Structure credit facilities including:
• revolving credit facilities
• term loans
• acquisition facilities
• delayed draw term loans.
8. Identify key credit risks and structure appropriate financial covenants, collateral support, reporting requirements, and structural mitigants.
9. Prepare term sheets, prescreen memos, and comprehensive credit approval memoranda summarizing borrower performance, transaction structure, industry outlook, risk considerations, and recommended credit terms.
10. Present transactions to credit committees and senior credit officers as required.
11. Portfolio Credit Oversight
12. Monitor the credit performance of assigned borrowers within the technology, healthcare, and sponsor finance portfolio.
13. Review borrower financial statements, covenant compliance certificates, and operating metrics to assess performance relative to underwriting expectations.
14. Evaluate the impact of acquisitions, add-on strategies, and changes in capital structure on borrower credit profile.
15. Identify emerging risks and recommend appropriate actions including risk rating changes, amendments, waivers, or restructuring strategies where necessary.
16. Participate in periodic portfolio reviews and credit risk discussions with senior credit leadership.
17. Collaboration and Professional Contribution
18. Partner with Relationship Managers teams to evaluate prospective lending opportunities.
19. Provide guidance regarding credit structure, leverage tolerance, covenant frameworks, and credit risk considerations during early-stage transaction discussions.
20. Participate in borrower management meetings, lender presentations, and sponsor diligence discussions as appropriate.
21. Support the development of the bank's technology, healthcare, and sponsor finance lending platform through disciplined credit structuring and thoughtful risk assessment.
22. Credit Governance & Risk Management
23. Ensure credit underwriting and approval processes comply with the bank's credit policies, regulatory guidance, and risk management standards.
24. Coordinate with legal counsel and internal teams regarding loan documentation and closing conditions.
25. Maintain complete and well-documented credit files supporting underwriting decisions.
26. Support internal credit review, audit, and regulatory examinations as required.

Knowledge, Skills, and Experience Requirements:

1. Bachelor's degree in Finance, Accounting, Business Administration, or related discipline. An MBA and/or CFA, CRC a plus.
2. 510 years of commercial banking or sponsor finance credit underwriting experience, preferably within middle market lending.
3. Demonstrated experience underwriting cash flow-based lending transactions.
4. Experience evaluating private equity sponsor-backed borrowers and acquisition financings, including add-on or tuck-in strategies.
5. Familiarity with technology and healthcare sectors, including SaaS revenue models, technology-enabled services, and healthcare services providers.
6. Strong financial modeling skills and ability to evaluate leverage capacity, liquidity profiles, and downside scenarios.
7. Experience structuring financial covenants, collateral packages, and credit protections.
8. Excellent written communication skills with ability to prepare clear and concise credit memoranda.
9. Ability to manage multiple transactions simultaneously in a deadline-driven environment.
10. Strong analytical judgment and ability to work collaboratively with origination, risk, and credit leadership.

Our job titles may span more than one career level. 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. The base pay range is subject to change and may be modified in the future.

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.

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. This Hybrid work model does not apply to, and daily in-person attendance is required for, the contact center, branch service roles, and general services where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance does not apply to roles that have been designated as "remote".