We are actively seeking someone who can fulfill an opening we have in New York City for the role of an Underwriter. This position will take place in the banking industry and provides great benefits to their employees. The Underwriter will be responsible for analyzing loan documentation and evaluating credit decisions for accuracy and compliance with portfolio and all investor guidelines.
Review commercial loan applications and analyze credit information to make a general assessment of applicant's creditworthiness.
Determine whether or not the proposed loan will conform to the bank's lending policy.
Prepare written summary of loan terms and conditions and a written narrative explaining business background, outlining risk factors and justifying assigned risk rating, ensuring conformity with bank credit policy and procedures and with applicable banking regulations.
For CRE loans, conduct in-depth review of rent rolls, leases, balance sheets, income statements and tax returns presented by applicants to assess their ability to generate sufficient cash flows to repay existing and proposed debt.
Underwrite C&I loans, including Sageworks spreading and formatting.
Document C&I loans using LaserPro software.
Conduct in-depth review of balance sheets, income statements, cash flow statements, tax returns, business plans and projections presented by applicants to assess their ability to generate sufficient cash flows to repay existing and proposed debt.
Identify risks and assist in structuring the loan to mitigate risks.
Actively participate with lending officers in the preparation of loan proposals for committee presentation, including reviews of financial statements, projections and site visits.
Review contracts, leases, appraisals, environmental assessment reports, UCC searches, flood determinations, insurance policies and other information to assess risks associated with the bank's collateral position. Continue to develop knowledge of appraisal theory and approaches to values.
Comply with all bank policies, procedures, state and federal banking laws and regulations including Bank Secrecy Act, Anti-Money Laundering, Office of the Comptroller of the Currency Control (OCC) and USA Patriot Act.
Bachelor's degree in business administration, finance, accounting or economics.
5 years of related experience in a credit analysis role relative to Commercial Real Estate (CRE) and Commercial and Industrial (C&I) lending required.
Must have experience with cash flow analysis, ratio analysis, andprojections.
Knowledge of real estate appraisal techniques, collateral analysis, field audit examination techniques and commercial banking regulations required.
In-depthunderstanding of mortgage business, title insurance programs, policies, andservices.
Must have experience in automated underwriting systems.
Excellent computer skills, customer service, andcommunication skill.
Company Description:

At HumanEdge, we create great hiring experiences for candidates and clients alike. We do it by applying our skills, energy, integrity and understanding of both individual needs and market forces to make the right match for all types of positions, including traditional contract assignments, career-changing direct searches, and freelance gigs. We know that you're more than a skill set and cluster of job experiences €“€“ you're a whole person with big dreams and ambitions. When you work with us, you partner with a firm committed to helping drive your success with ongoing support, guidance, and tangible opportunities. For over 30 years we've helped candidates like you make the right move in a wide array of industries and variety of positions

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