Summary: Dime Commercial Bank (Dime) is currently hiring for a Specialty Finance Senior Underwriter - Mid-Corporate at one of its Midtown Manhattan Corporate offices. The Specialty Finance Senior Underwriter plays a critical role in evaluating and underwriting senior secured cash flow and leveraged loan transactions supporting middle-market companies, with a focus on M&A activity sponsored by private equity firms. The role is also responsible for detailed credit analysis of sponsor-backed transactions, including new deal underwriting, amendments, and ongoing portfolio management. The role involves rigorous cash flow modeling, assessing leverage and repayment capacity, structuring appropriate covenant frameworks, and preparing well-articulated credit approval packages. Underwriting is performed in accordance with Dime's Credit Policy and regulatory standards, using systems such as Sageworks.
Salary commensurate with experience, ranging from $165,000 to $190,000 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location.All applicants must attach a recent resume. This is NOT a remote role.Dime does not provide relocation assistance or visa sponsorship (now or in the future).Responsibilities:
- Independently underwrite new money transactions, acquisition financings, and recapitalizations for sponsor-backed and mid-corporate borrowers.
- Perform detailed cash flow modeling (including debt service coverage, leverage ratios, and sensitivity scenarios) to evaluate creditworthiness and repayment capacity.
- Conduct thorough financial analysis including historical and projected income statements, balance sheets, and statements of cash flow.
- Evaluate industry, management, competitive positioning, and business models of prospective borrowers to assess transaction risks.
- Collaborate closely with Relationship Managers and Origination teams to structure deals that balance risk and return, including term sheets and covenant packages.
- Establish and monitor appropriate financial covenants, reporting requirements, and borrowing conditions.
- Present credit approval memos to senior credit officers and/or credit committees with clear articulation of risks, mitigants, and rationale for approval.
- Support the documentation and closing process by coordinating with legal counsel to ensure terms are accurately reflected and protective of the bank.
- Monitor and manage an assigned portfolio of active credits, including quarterly reviews, amendment requests, and ongoing risk assessments.
- Identify and proactively escalate emerging credit concerns and recommend appropriate action plans.
- Maintain close contact with clients, sponsors, and intermediaries during underwriting and throughout the life of the credit.
- Assess collateral value and structure (where applicable) and determine appropriate advance rates and protections.
- Ensure compliance with internal credit policies, regulatory guidelines, and approval frameworks.
Qualifications:
- Bachelor's degree in Finance, Accounting, Economics, or a related field.
- Minimum 7 years' relevant experience in credit underwriting or portfolio management, ideally within a middle market or sponsor finance group.
- Deep understanding of leveraged finance principles, capital structures, and M&A dynamics.
- Proficient in advanced financial modeling, including cash flow modeling and scenario stress testing.
- Strong analytical and credit judgment skills with ability to assess complex financial situations and sponsor strategies.
- Excellent written and verbal communication skills; ability to present effectively to credit committees and senior leadership.
- Demonstrated knowledge of legal documentation for cash flow lending transactions, including credit agreements, intercreditor agreements, and security instruments.
- High attention to detail, ability to manage multiple priorities, and operate in a deadline-driven environment.
- Proficiency with credit underwriting software such as Abrigo/Sageworks preferred.
