Senior Credit Underwriter - Remote
About The Position
Optum, part of UnitedHealth Group, is seeking a Senior Credit Underwriter of syndicated credit. The role is responsible for underwriting, reviewing, and negotiating loan requests to build and maintain a high-performing private credit, commercial, and leveraged loan portfolio with accurate risk grades. The position works with external banking partners, portfolio managers, legal, credit administration, and bank leadership. This role may be performed remotely from anywhere in the U.S. Employees hired in the Minneapolis or Washington, D.C. area must work in the office at least four days per week. Travel to lender meetings may be required, and travel of up to 15% is stated in the qualifications. Remote employees must follow UnitedHealth Group’s Telecommuter Policy.
Requirements
- At least 8 years of experience underwriting and structuring commercial, corporate, syndicated, and leveraged loan transactions.
- At least 8 years of experience analyzing and spreading business financial statements associated with commercial and corporate loan transactions.
- At least 8 years of experience in a commercial credit or lending role with a commercial bank or investment bank.
- At least 8 years of buy-side and/or sell-side syndicated credit experience with a commercial bank or investment bank.
- Experience making or recommending credit decisions on transactions greater than $100 million.
- Experience using 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% as needed.
- Remote employees must adhere to UnitedHealth Group’s Telecommuter Policy.
Nice To Haves
- Completion of a formal commercial credit training program.
- Professional certification such as CFA or CAIA.
- At least 10 years of experience in buy-side and sell-side bank loan syndications.
- At least 3 years of experience underwriting private credit.
- Experience with special assets and workout loans.
Responsibilities
- Develop policies, procedures, templates, and other structures to establish a quality credit portfolio.
- Work with third-party partners to identify prospective syndicated and leveraged loans within the Bank’s risk appetite.
- Lead due diligence and underwriting for new loan opportunities and perform periodic reviews of existing loans.
- Make, recommend, and present credit decisions to credit administration and the credit committee through effective written and verbal communication.
- Assess and recommend risk ratings for underwritten loans.
- Prepare credit underwriting memos analyzing the credit request, borrower, financial and credit information, repayment sources, risks and mitigations, collateral, and compliance with applicable regulations and policies.
- Create and analyze enterprise valuation models, including discounted cash flow models and comparable market approach valuations.
- Maintain expert knowledge of Bank policies, guidelines, procedures, regulations, and systems applicable to the credit function.
- Ensure 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 portfolio reports and systems.
- Develop and maintain positive relationships with internal and external partners.
- Assist with strategic initiatives and projects.
- Travel to lender meetings as needed.
Benefits
- Comprehensive benefits package, subject to eligibility requirements.
- Incentive and recognition programs.
- Equity stock purchase.
- 401(k) contribution.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
