Position SummaryUnderwriter II is responsible for evaluating, structuring, underwriting and ongoing monitoring of loans and leases for the Equipment Finance team. This role involves preparing loan approval memos and reviews by independently analyzing financial statements, assessing creditworthiness, the ability to repay annual debt service, market analysis and ensuring compliance with the Bank's credit policies and procedures and regulatory requirements.
Responsibilities- Review and evaluate credit requests including analyzing borrower and guarantor financial statements, cashflow projections, credit reports and collateral evaluations. Work closely with the senior underwriters and relationship managers to proactively identify potential risks and find solutions.
- In collaboration with the deal team, develop and recommend appropriate structuring options that align with our risk tolerance and business strategy.
- Prepare both scorecard credit models as well as more comprehensive loan approval memos including financial analysis, debt service coverage, sensitivity analysis, borrower ratings, risk mitigation, and collateral assessment. In conjunction with the deal team, present proposed structures to senior management as part of the screening and approval process.
- Monitor and manage the performance of an existing portfolio of loans, identifying potential risks and recommending appropriate actions, including annual and quarterly reviews, compliance with financial covenants and borrower risk rating and assessment. Proactively identify emerging risks and collaborate with stakeholders to resolve.
- Collaborate with senior underwriters and relationship managers to determine appropriate structuring options, with the ability to present findings to credit approvers. Work with the relationship manager to gather necessary information and clarify loan requests. Work closely with other departments, including operations, and legal.
Key Behavioral Expectations- Operate with agility and adaptability, responding effectively to changing priorities and business needs
- Demonstrate curiosity and a learning mindset, continuously seeking to improve and grow
- Utilize AI and technology tools responsibly to enhance productivity and decision-making
- Show ownership and critical thinking, using sound judgment to solve problems and deliver results
- Deliver white-glove hospitality, providing thoughtful, proactive, and personalized service in every interaction
Qualifications- Bachelor's degree in business, finance or accounting or equivalent experience.
- Minimum of 3 to 5 years of experience in commercial lending or credit, with a focus on equipment finance.
- Strong analytical skills, attention to detail, and the ability to interpret financial data.
- Strong written and verbal communication skills, with the ability to present information clearly and concisely.
- Strong knowledge of Microsoft Excel, financial modeling, loan origination systems; formal credit training a plus.
Benefits Overview:We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity/paternity leave, education reimbursement, wellness programs and more. We also offer participation in an Employee Stock Purchase Program and a 401K with a generous match.
The approximate pay range for this position is $107,461 to $140,535, plus an opportunity to earn performance-based incentives. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location.
Note: Incentives and/or benefits packages may vary depending on the position.
