Underwriter II

Accounts•Melville, NY

6h•Onsite

About The Position

Underwriter II is responsible for evaluating, structuring, underwriting and ongoing monitoring of loans and leases for the Equipment Finance team. This role involves preparing loan approval memos and reviews by independently analyzing financial statements, assessing creditworthiness, the ability to repay annual debt service, market analysis and ensuring compliance with the Bank’s credit policies and procedures and regulatory requirements.

Requirements

Bachelor’s degree in business, finance or accounting or equivalent experience.
Minimum of 3 to 5 years of experience in commercial lending or credit, with a focus on equipment finance.
Strong analytical skills, attention to detail, and the ability to interpret financial data.
Strong written and verbal communication skills, with the ability to present information clearly and concisely.
Strong knowledge of Microsoft Excel, financial modeling, loan origination systems; formal credit training a plus.

Responsibilities

Review and evaluate credit requests including analyzing borrower and guarantor financial statements, cashflow projections, credit reports and collateral evaluations.
Work closely with the senior underwriters and relationship managers to proactively identify potential risks and find solutions.
In collaboration with the deal team, develop and recommend appropriate structuring options that align with our risk tolerance and business strategy.
Prepare both scorecard credit models as well as more comprehensive loan approval memos including financial analysis, debt service coverage, sensitivity analysis, borrower ratings, risk mitigation, and collateral assessment.
In conjunction with the deal team, present proposed structures to senior management as part of the screening and approval process.
Monitor and manage the performance of an existing portfolio of loans, identifying potential risks and recommending appropriate actions, including annual and quarterly reviews, compliance with financial covenants and borrower risk rating and assessment.
Proactively identify emerging risks and collaborate with stakeholders to resolve.
Collaborate with senior underwriters and relationship managers to determine appropriate structuring options, with the ability to present findings to credit approvers.
Work with the relationship manager to gather necessary information and clarify loan requests.
Work closely with other departments, including operations, and legal.