PCLC Leasing-Senior Credit Underwriter

M&T Bank • Bridgeport, CT

1d • Onsite

About The Position

Responsible for preliminary screening, advisement, underwriting, approving, and funding of largest and/or most complex lease and loan requests with the greatest risks/financial exposure to the organization and, as applicable, within assigned authority. Advises sales staff on deal size and structure based on customer strength and collateral coverage.

Requirements

• Bachelor’s degree and a minimum of 5 years’ commercial credit, leasing, public accounting, financial statement preparation/analysis and/or other financial analysis experience, or in lieu of a degree, a combined minimum of 9 years’ higher education and/or work experience, including a minimum of 5 years’ commercial credit, leasing, public accounting, financial statement preparation/analysis and/or other financial analysis experience
• Strong verbal and written communication skills
• Strong presentation skills
• Expertise in credit policies and procedures
• Exceptional research skills
• Strong analytical skills
• Experience influencing lending issues
• Proficiency with personal computers as well as pertinent word processing, spreadsheet, and industry-specific software
• Strong organizational skills
• Detail-oriented
• Experience working independently
• Strong decision-making skills

Nice To Haves

• Bachelor’s degree in Accounting, Finance, Economics, or related field
• Minimum of 7 years’ commercial credit, leasing, public accounting, financial statement preparation/analysis and/or other financial analysis experience
• Comprehensive knowledge of all aspects of equipment leasing

Responsibilities

• Facilitate the credit needs of customers by underwriting new lease and loan requests and material modifications from submittal through approval and funding.
• Underwrite and/or recommend lease and loan transactions for final approval by analyzing the largest and/or most complex financial information, including trends, cash flow and key risks, collateral, and other related information, within assigned authority as applicable.
• Complete spreads of financial statements, prepare debt service overlays, initiate appraisals, confirm existing exposure, obtain references and reports, and check related names to ensure regulatory compliance.
• Determine need for more thorough investigation or additional information and coordinate the gathering of such.
• Interact with customers during the underwriting process to obtain additional information and gain a better understanding of the credit, including the reason for the acquisition, financial trends, and industry information.
• Prepare written credit presentations.
• Ensure credit policy compliance and evaluate risk associated with non-compliance.
• Maintain currency of credit department logs and internal systems.
• Review and confirm for funding that all credit requirements have been met based on the signed approval and subject collateral is as approved.
• Prepare modifications and seek appropriate approvals for any changes to the transaction.
• Authorize and track transaction commencement and funding (after confirming all conditions and regulatory requirements have been satisfied).
• Provide Portfolio Administration with approved presentations to ensure ongoing covenant compliance.
• Identify material adverse changes and provide information and advice to the appropriate party.
• Upload new financial statements for the Portfolio Administration department to access.
• Provide guidance and mentoring to other Credit Department members as requested and assist other Departments with credit specific questions or reviewing existing customer information.
• Provide training and guidance to less experienced Underwriters as needed or requested from management.
• Prepare various reports, including but not limited to, Exception & Variance, Flood, and Servicer Log reports.
• Prepare and maintain files on equipment vendors and approved brokers.
• Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite.
• Identify risk-related issues needing escalation to management.
• Promote an environment that supports belonging and reflects the M&T brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.

Benefits

• The pay range for this position is $109,300.00 - $182,100.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

What This Job Offers

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