The Senior Credit Underwriter is an experienced, versatile member of the bank’s credit team responsible for underwriting commercial credit requests ranging from traditional community banking transactions to the bank’s largest and most complex commercial and industrial (C&I) relationships, including sponsor-backed transactions. The role requires the judgment and flexibility to evaluate borrowers with tax-return-based financial information as well as companies that provide audited, reviewed, and interim company-prepared financial statements. The Senior Credit Underwriter partners closely with relationship managers and credit officers to structure sound transactions, deliver timely credit decisions, and maintain strong credit quality. The position may also support commercial real estate transactions and is expected to mentor junior credit analysts assigned to the same relationship manager portfolios.
Key Responsibilities:
- Underwrite and analyze a broad range of commercial credit requests, from smaller traditional community banking relationships to large, complex C&I and sponsor-backed transactions.
- Analyze business financial performance, cash flow, leverage, liquidity, capital structure, industry conditions, repayment capacity, and transaction risks.
- Evaluate traditional community banking borrowers using business tax returns, guarantor tax returns, personal financial statements, credit reports, and global cash flow analysis.
- Analyze audited, reviewed, and company-prepared financial statements, including interim reporting, for larger and more complex borrowers.
- Spread and interpret business financial statements and tax returns, reconcile material differences, and identify trends or emerging risks.
- Prepare clear, well-supported credit memoranda that summarize the request, financial analysis, structure, collateral, key risks, mitigants, and recommendation.
- Assess transaction structure, covenant packages, collateral support, guarantor strength, and overall risk profile in accordance with the bank’s credit standards.
- Monitor borrowing base reports and related collateral or availability information, identify exceptions or adverse trends, and escalate concerns as appropriate.
- Underwrite renewals, modifications, amendments, and other servicing requests for existing commercial relationships.
- Partner with relationship managers and credit officers to structure transactions that meet client needs while appropriately mitigating risk.
- Participate in loan committee or other approval discussions and present underwriting conclusions as needed.
- Monitor existing portfolio performance, including financial reporting, covenant compliance, collateral performance, and changes in borrower risk.
- Underwrite commercial real estate transactions when needed, including analysis of property cash flow, guarantor support, collateral value, and repayment sources.
- Mentor and provide technical guidance to junior credit analysts supporting the same relationship manager portfolios, including review of analytical work and development of sound underwriting judgment.
- Support credit initiatives, process improvements, and special projects across the commercial lending and credit teams.
