Loan Underwriter (Bronx)

Senior Loan Underwriter

Salary: up to $140k depending on experience

About the role

A New York community bank is hiring a Senior Loan Underwriter to underwrite commercial credit, manage a loan portfolio and lead a small team of underwriters and loan processors. You’ll work with little supervision, make credit recommendations to the Loan Committee and Board, and help the bank grow its lending while keeping credit risk under control.

What you’ll do

• Underwrite new and renewing commercial loans, including construction, C&I, commercial real estate and permanent mortgages, asset-based loans, SBA 7(a)/504 and nonprofit credits, on deals up to $60MM.
• Assess borrowers and guarantors through financial statements, cash flow forecasts, key ratios and industry trends.
• Monitor collateral by reviewing A/R agings and borrowing base certificates.
• Write credit memos and present approve/decline recommendations to the Loan Committee and Board.
• Manage an existing portfolio that includes complex accounts: annual reviews, covenant compliance and corrective action when needed. Also handle non-loan credit products such as ACH and overdraft lines.
• Supervise and train underwriters and processors, and work with the closing and processing teams on renewals and amendments.

What you bring

• 8+ years of commercial underwriting at a bank, including construction, C&I and SBA lending.
• Experience supervising and developing underwriters.
• Experience with middle-market borrowers (sales up to about $100MM) and deals up to $60MM.
• Strong credit memo writing, plus solid knowledge of regulatory and compliance requirements.
• A BS/BA in finance, accounting, economics or business. An MBA or MS is preferred.

Nice to have: community bank experience, ABL field-exam exposure, and Spanish.