Credit Underwriter

Carver Federal Savings Bank • New York, NY

7h • Onsite

About The Position

The Credit Underwriter is responsible for underwriting of new or existing loans in a portfolio primarily of CRE, Commercial & Industrial lines of credit and term facilities, also multifamily and mixed-use loans, non- profit loans, as well as loans to houses of worship. The Underwriter will be contributing to the loan growth potential of the Bank by (i) underwriting credit risk (ii) assessing current credit quality and assign proper risk ratings (iii) engage in client meetings or calls with the lending team to assess the credit of the borrowers.

Requirements

• Strong Underwriting skills set and ability to understand and communicate credit issues.
• Proficiency and experience in analyzing financial statements and reviewing overall credit quality.
• Ability to underwrite and monitor commercial and industrial loans, lines of credit, term facilities, as well as owner occupied mortgages, multi-family and mixed-use loans, small business loans, non-profit loans as well as loans to houses of worship.
• In-depth knowledge of credit quality and credit analysis.
• Proficient in analyzing financial statements of commercial real estate, multi-family and business operations.
• Ability to interact with borrowers, attorneys, accountants, appraisers and any other external professionals as required.
• Strong verbal and written communication skills, relationship management, and business development skills, working with both private sector financial institutions and public agencies.
• Familiar with federal, state, and local government funding sources for capital and operating needs of multi-family housing, commercial real estate.

Nice To Haves

• College Degree with an equivalent of 5+ years of experience in underwriting and analyzing commercial real estate and business loans.
• Well-developed analytical and problem-solving skills.
• Strong organizational skills.
• Strong verbal and written skills.
• Knowledge of bank products and services.
• Strong knowledge of Microsoft Office products.

Responsibilities

• Underwriting of new or existing loans in a portfolio primarily of CRE, Commercial & Industrial lines of credit and term facilities, also multifamily and mixed-use loans, non- profit loans, as well as loans to houses of worship.
• Underwriting credit risk.
• Assessing current credit quality and assign proper risk ratings.
• Engage in client meetings or calls with the lending team to assess the credit of the borrowers.
• Independently assess complex credit issues and analyze risk.
• Review financial statements, tax returns, rent rolls and cash flow projections.
• Underwrite loan extensions and renewal requests as needed.
• Conduct site visits as necessary and prepare site visit reports for loans in the portfolio in accordance with lending procedures.
• Assist with annual review of existing loans as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level