Senior Specialty Underwriter

Peapack-Gladstone Bank • Bedminster, NJ

84d • $147,000 - $193,000 • Hybrid

About The Position

This position is responsible for independently evaluating, structuring and underwriting the most complex C&I and specialty lending transactions including highly leveraged, enterprise value reliant, structured finance and sponsor finance/private equity backed transactions. Candidate must be experienced in analyzing complex financial statements and projections and conducting due diligence and structuring loans including those to support leveraged buyouts, acquisitions and recapitalizations. The ideal candidate will have a strong understanding of commercial lending practices and the ability to make sound credit decisions. Act as a mentor to more junior team members.

Requirements

• Bachelor's degree in business, finance or accounting, or equivalent experience.
• A minimum of 5-10 years of commercial credit experience, including at least 5 with a focus on specialty lines.
• Strong analytical and modeling skills; thorough understanding of complex loan documentation criteria, financial institution services, products, policies and procedures.
• Keen attention to detail, excellent written and verbal communication skills.
• Ability to excel in an environment with changing/conflicting priorities.
• Formal credit training a plus; strong knowledge of excel and loan origination systems.

Responsibilities

• Independently evaluate complex financial statements, cash flow projections, and business plans to determine the creditworthiness and financial stability of the Borrower.
• Develop and recommend appropriate structuring options (loan terms, conditions, and covenants) that align with the bank's risk profile and the borrower's repayment and business risk strategy.
• Identify, assess and mitigate risks associated with the transaction.
• Independently write detailed credit approval documents; identify the need for supplemental analysis and discussion.
• Lead the deal team in the documentation process and negotiate provisions of term sheets, commitment letters and credit agreements with Bank counsel and clients.
• Monitor and manage the performance of an existing portfolio of complex and high-risk loans/relationships.
• Collaborate with internal stakeholders to determine appropriate structuring options in tandem with deal team.
• Interact directly with external clients to gather necessary information to provide sound structural, underwriting, and credit decisions.
• Participate in internal initiatives and special projects; mentor more junior staff and act as a subject matter expert for complex and specialty transactions.

Benefits

• Competitive compensation package
• Generous paid time off program
• Comprehensive medical, dental and vision coverage
• Maternity/paternity leave
• Hybrid work environment (for most roles)
• Education reimbursement
• Wellness programs
• Participation in an Employee Stock Purchase Program
• 401K with a generous match

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree