Overview
The Underwriter is responsible for underwriting and portfolio management of Commercial Lending relationships. The Underwriter will support East West Bank’s nationwide Commercial Lending Business that primarily focuses on senior secured cash flow loans to middle market companies. Loan sizes typically range from $20 million to $50 million. The Underwriter will work with a deal team, which typically includes a Relationship Manager and a Credit Analyst.
Responsibilities
- Reviewing review initial data for prospective clients and preparing opportunity memos, and then presenting opportunity memos to Credit Officers for term sheet approval.
- Perform detailed underwritings of prospective clients, which includes evaluating financial statements, industry, competitive dynamics, and surfacing material strengths, risks and mitigants.
- Preparing sensitized financial models and evaluating the other relevant data related to new deal opportunities.
- Reviewing 3rd party reports and preparing enterprise value analysis via comparables and discounted cash flow.
- Preparing written Credit Approval Memorandums for presentation to Credit Officers in order to obtain final approval to close a new deal.
- Managing a portfolio of clients, which includes credit monitoring, preparing and presenting updated client performance reports for quarterly portfolio reviews.
- Maintaining client relationships and keeping client risk ratings current.
- Other duties as assigned by management.
Qualifications
- Bachelor's degree or combination of education and directly related experience
- Ideally at least 7 years of underwriting experience.
- Modeling experience, specifically sensitizing management and/or sponsor projections based on information learned during underwritings.
- Excellent organizational and presentation skills
- Basic skills in computer terminal and personal computer operation; mainframe computer system; word processing, spreadsheet and specialty software programs.
- Ability to deal with complex problems involving multiple facets and variables in non-standardized situations
- Ability to work with minimal supervision while performing duties
Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.
CompensationThe base pay range for this position is USD $95,000.00/Yr. - USD $145,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.
