Senior Credit Underwriter - Remote

UnitedHealth Group•Draper, UT

4d•$112,700 - $193,200•Remote

About The Position

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us to start Caring. Connecting. Growing together. The Senior Credit Underwriter of syndicated credit will be responsible for underwriting, reviewing and negotiating loan requests to help the bank build, maintain, and accurately risk grade a high performing private credit, commercial and leveraged loan portfolio. This role will involve working closely with external banking partners, portfolio managers, legal, credit administration, and bank leadership. You’ll enjoy the flexibility to work remotely from anywhere within the U.S. as you take on some tough challenges. For all hires in the Minneapolis or Washington, D.C. area, you will be required to work in the office a minimum of four days per week.

Requirements

7+ years of experience underwriting and structuring commercial, corporate, syndicated and leveraged loan transactions
7+ years of experience analyzing and spreading business financial statements associated with commercial and corporate loan transactions
7+ years of experience working in a commercial credit or lending role with a commercial bank or investment bank
7+ years of buy side and or sell side syndicated credit experience with a commercial bank or investment ban
Experience making or recommending credit decisions on transactions > $100 million
Experience leveraging AI-enabled tools and technology to enhance research, analysis, documentation, workflow efficiency, and decision-making while maintaining appropriate human judgment, risk management, and regulatory compliance
Ability and willingness to travel up to 15%25 as needed

Nice To Haves

Completion of a formal commercial credit training program
Professional certification (CFA, CAIA, etc.)
10+ years of experience in buy side and sell side bank loan syndications
3+ years of experience underwriting private credit
Experience with special assets and workout loans

Responsibilities

Develop policies, procedures, templates, and other critical structures to establish a quality credit portfolio
Work with third-party partners to identify prospective syndicated and leverage loans within the parameters of the Bank’s risk appetite
Lead the due diligence and underwriting process of new loan opportunities and perform periodic reviews on existing loans
Make, recommend, and present credit decisions to credit administration and the credit committee through both effective written and verbal communication
Assess and recommend risk ratings for underwritten loans
Create credit underwriting memos which analyze the credit request, the borrower, financial and credit information, repayment sources, risks and mitigation, collateral, and compliance with applicable regulations and policies
Create and analyze enterprise valuation models, including but not limited to, discount cash flow models and comparable market approach valuations
Maintain expert level knowledge of Bank policies, guidelines, procedures, regulations and systems applicable to the credit function
Ensure that loan files and documentation are complete and accurate on an ongoing basis
Perform portfolio management and monitoring duties including covenant testing
Ensure accuracy of internal reports and systems related to the portfolio
Develop and maintain positive relationships with internal and external partners
Assistance with strategic initiatives and projects
Travel to lender meetings as needed