Portfolio Manager/Underwriter

Newtek One

2d

About The Position

NewtekOne®, Your Business Solutions Company®, is a financial holding company that, along with its bank and non-bank consolidated subsidiaries, offers 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.

The Portfolio Manager/Underwriter will use business expertise and industry knowledge to evaluate risk and make credit and loan structure recommendations based on extensive due diligence of collateral, borrower, sponsors and market expertise. The Portfolio Manager/Underwriter will manage transactions independently to assess financial performance, compare actual to projected performance, calculate debt service coverage and identify early warning signs. The Portfolio Manager/Underwriter will actively monitor a portfolio of existing loans by addressing loan extensions/modifications, collection of financial data, and preparing annual reviews.

Requirements

• Minimum of five (5) years of credit underwriting experience (knowledge of C&I, CRE, SBA 7a and 504 loan products preferred)
• Demonstrated ability to accurately assess corporate creditworthiness and risks, and create a detailed and thorough underwriting package
• Effective risk management, analytical and communications skills
• Strong attention to detail.
• Ability to plan, multi-task, manage time effectively, and work independently with limited direction

Nice To Haves

• knowledge of C&I, CRE, SBA 7a and 504 loan products

Responsibilities

• Prepares and presents thorough credit memorandums summarizing transaction fundamentals, credit analysis including risks and mitigants, and due diligence for new and existing loan transactions. Makes recommendations on transaction risk rating and loan structure to mitigate identified risks.
• Corresponds with borrowers, third-party department and loan brokers to obtain and/or clarify project and borrower related information for new loan origination and existing loan portfolio.
• Works closely with loan closers, internal counsel, third party department and others to resolve credit related issues during the loan origination and closing processes.
• Maintain high quality business by actively managing risk and identifying business opportunities through strong credit analysis and active portfolio management.
• Addresses loan modification and extension requests.
• Responsible for following up on current financial information, monitoring of ongoing financial performance and risk ratings, and completion of annual reviews for assigned portfolio by designated deadlines.
• Develops working knowledge of existing customers and prospects to monitor ongoing customer performance and ability to pay. Makes appropriate recommendations to reduce risk for past due accounts, matured loans or others exhibiting potential credit weakness.

Benefits

• NewtekOne is an Equal Opportunity Employer; M/F/D/V. We require all of our employees to work in an ethical manner and uphold our Code of Business Conduct and Ethics at all times.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed