Commercial Credit Underwriter

Newtek One

4d•$80,000 - $130,000

About The Position

NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk. Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.

Requirements

Minimum of seven (7) years experience with underwriting ABL/ Factoring transactions. Strong understanding of cash flow in essential.
Formal bank Credit Training Program or RMA Credit Courses.
Computer literate; proficient with Microsoft Office products, i.e. Word, Excel, etc.
Strong organizational, verbal and written communication skills are required
Keen analytical, and decision-making skills are required
Ability to establish and maintain effective work relationships both internally and externally.

Responsibilities

Conduct financial and/or credit analyses, ensuring compliance with internal regulations
Conduct initial review of incoming loan packages by determining creditworthiness and compliance
Analyze loan files and review loan documents for completeness
Analyze financial statements to determine operating trends and viability of businesses.
Review tax returns and additional credit information to assess borrower/guarantor net worth and potential
Prepare detailed analyses of historical property operations to make informed decisions about future performance.
Prepare preliminary and final credit memorandum for presentation to Credit Committee.
Research and investigate applicable industry and market data/trends.
Coordinate and incorporate 3rd party reports into the credit analysis.
Projects loan level cash flows based on potential resolution outcomes.
Provide full credit memos containing accurate and complete credit analysis of the loan applicant
Analyze applicant's business operations, historical cash flow, balance sheet and financial condition, management structure, collateral, projections, and compare these elements to RMA
Prepare approval letters