Asset Based Finance Senior Underwriter

US Bank • Chicago, IL

102d • $159,970 - $188,200

About The Position

The Underwriter position focuses on credit underwriting and review of prospects and/or existing client relationships for U.S. Bank Asset Based Finance. The Underwriter is an experienced credit professional capable of independent activity on complex credit transactions. The Underwriter works in a team setting with business development officers, relationship managers, portfolio manager and product partners and is responsible to develop, structure, analyze, covenant, document, close and fund asset based transactions. Interfaces directly with clients and prospects, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, etc.). The Underwriter must have a full understanding of U.S. Bank and Asset Based Finance credit policies in order to identify and resolve issues during the underwriting, documentation and closing processes. Candidate should have exceptional analytical and organizational skills with the ability to multi-task and manage changing priorities as well as strong demonstrated credit, interpersonal and written communication skills. Transactions range from sole bank financings to agented and participation roles in large syndicated credit facilities.

Requirements

• Bachelor's or Master's degree in finance, accounting or other related field
• 10 or more years of banking experience

Nice To Haves

• 5 years of ABL or Commercial Underwriting experience
• Strong leadership abilities and strategic management skills
• Thorough knowledge of division and relation to industry
• Excellent verbal and written communication skills
• Excellent analytical, decision-making and problem-solving skills
• Considerable tact, diplomacy and people skills

Responsibilities

• Determine the credit worthiness of prospective clients by analyzing financial statements, projections, appraisals, meeting and interviewing the prospective client's management team and analyzing and obtaining a detailed understanding of the prospective client's cash flows and balance sheet.
• Prepare credit memos in a clear and concise manner and present recommendations to senior approvers that balance marketability with prudent risk management.
• Negotiate appropriate terms and conditions for complex transactions and work with deal teams to ensure appropriate documentation is in place.
• Identify critical transactional and structural risks and propose appropriate structuring alternatives to mitigate those risks.
• Ensure compliance with all policy and regulatory requirements.
• Independently manage workflow to balance competing priorities and ensure all deadlines are met.
• Other projects and assignments as requested including, prospect review and analysis and process improvement initiatives.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree