Credit Underwriter

Credit UnderwriterLocation: New York, NY Company: Confidential Family Office (Asset Based Lending Firm) Reports To: CEO and Chief Lending Officer Comp: $150k-250K plus bonus (DOE)We are seeking a skilled and detail-oriented Credit Underwriter to join our client's family office lending team. The ideal candidate will have a strong background in asset-based lending, credit analysis, and underwriting. You will play a critical role in evaluating and approving loan applications, ensuring sound risk management practices while supporting our clients financial needs.Key Responsibilities:Credit Analysis: Conduct thorough analysis of financial statements, cash flow projections, and credit reports to assess borrowers' creditworthiness. Evaluate the financial health and operational performance of prospective borrowers.Risk Assessment: Identify and analyze potential risks associated with lending decisions, particularly in asset-based lending. Assess collateral value and conduct due diligence on underlying assets.Underwriting: Prepare comprehensive underwriting packages and recommendations for loan approvals or denials. Collaborate with the lending team to structure loans that meet the needs of clients while adhering to risk guidelines.Documentation: Review and ensure the accuracy of loan documentation, including terms, conditions, and covenants. Coordinate with legal to finalize loan agreements and ensure compliance with regulatory requirements.Relationship Management: Build and maintain relationships with internal stakeholders, clients, and external partners. Communicate underwriting decisions and rationale to relevant parties clearly and effectively.Market Research: Stay informed about industry trends, market conditions, and regulatory changes that may impact lending practices. Provide insights and recommendations to enhance underwriting processes and policies.Reporting: Monitor loan performance and prepare periodic reports on portfolio quality and risk exposure. Present findings and recommendations to senior management and the investment committee.Qualifications: Bachelor's degree in Finance, Accounting, Business Administration, or a related field. Minimum of 4+ years of experience in middle market credit underwriting, asset-based lending or commercial lending. Strong understanding of financial analysis, risk assessment, and collateral valuation. Proficiency in financial modeling and familiarity with underwriting software/tools. Excellent analytical skills with a keen attention to detail. Strong written and verbal communication skills. Ability to work independently and collaboratively.Preferred Qualifications: Undergraduate degree or Master's degree in Finance or an MBA. Experience in Asset Based Lending and working in a family office or non-bank lending environment.Benefits: Competitive salary and performance-based bonuses. Comprehensive health, dental, and retirement plans. Hybrid / Flexible working arrangement