C&I Senior Underwriter – Northern NJ

FinTrust Connect is excited to announce that we have partnered with a reputable bank in search of a highly skilled C&I Senior Underwriter. This individual will be responsible for evaluating and underwriting commercial lending applications for the bank, assessing credit risks, and determining the creditworthiness of prospective borrowers. The successful candidate will play a vital role in the bank's lending operations and will have the opportunity to work with a talented team.

Why this Opportunity:

• Culture: This bank values a strong team-oriented culture that prioritizes inclusivity and professional development. They believe in creating a supportive and collaborative work environment where all employees feel valued and empowered to reach their full potential. This institution is committed to fostering a positive and family-like atmosphere within the bank and to provide opportunities for career advancement and growth for their employees.
• Workplace (On-site, Hybrid, Remote): Hybrid (3 in/2 out) in Northern New Jersey.
• Function: Responsible for evaluating and underwriting commercial lending applications for the company. This includes analyzing financial data, assessing credit risks, and determining the credit worthiness of prospective borrowers for loan requests ranging from $250,000 to $20,000,000.

Requirements:

• College degree in Business, Finance, or Accounting; or equivalent related business experience.
• Minimum of 5 years of related experience, including commercial underwriting experience and strong credit skills.
• Knowledge of credit policy, bank policies, and commercial loan documentation.
• Ability to analyze tax returns, operating statements, and pro-forma statements to calculate loan-to-value ratio and debt-coverage ratio.
• Experience with cash flow and leverage analysis.
• Decide when to pick up any complex credits that come through.

Description:

• Process, underwrite, and evaluate credit applications sourced from the company’s branch network and loan officers.
• Analyze financial data and assess credit risks to determine credit worthiness of prospective borrowers for loan requests ranging from $250,000 to $20,000,000.
• Provide ongoing monitoring of the loan portfolio through annual reviews and monitoring financial and covenant compliance.
• Gather information and analyze borrower data, including historical and current financial statements and competitive industry information.
• Prepare loan submissions for Credit Committee and Board of Directors.
• Assist in writing new/revised department policies and procedures.
• Maintain required knowledge related to bank credit policies, loan programs, and real estate markets.

Job Type: Full-time

Benefits:

• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Schedule:

• Monday to Friday

Supplemental pay types:

• Bonus pay

Application Question(s):

• Are you available to work on-site three days a week?
• How many years of experience do you have underwriting complex commercial and industrial loans?

Work Location: Hybrid remote in Elmwood Park, NJ 07407

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