About this opportunity
Ascendo Resources lists this Senior Loan Underwriter opportunity in bronx, New York. Review the employer’s description below for duties, qualifications and application requirements.
Job description
We are seeking an experienced Senior Loan Underwriter to join the Credit team of a financial institution in the Bronx. This individual will be responsible for underwriting complex commercial loans, managing an existing loan portfolio, evaluating credit risk, and overseeing a team of underwriters and loan processors.
Please make sure you read the following details carefully before making any applications.
Key Responsibilities:
Underwrite and analyze commercial loan transactions, including C&I, construction loans, permanent mortgages, asset-based lending, SBA loans, and other credit facilities
Evaluate borrower and guarantor financials, cash flow, repayment capacity, and overall creditworthiness
Prepare credit proposals and present recommendations to Loan Committee and senior management
Analyze financial statements, accounts receivable aging, borrowing base certificates, and collateral positions
Perform financial forecasting, cash flow analysis, and debt service coverage assessments
Manage an existing commercial loan portfolio, including annual credit reviews, renewals, and amendments
Monitor portfolio performance and identify potential credit risks or deteriorating financial trends
Collaborate with loan processing, closing, and other internal teams to facilitate transactions
Supervise, train, and develop a team of underwriters and loan processors
Ensure adherence to internal credit policies, regulatory requirements, and underwriting standards
Qualifications:
Minimum 8 years of commercial loan underwriting experience
Experience underwriting C&I, construction loans, permanent mortgages, asset-based lending, letters of credit, SBA 7(a) and 504 loans, and nonprofit lending
Experience underwriting transactions up to $60MM
Strong financial statement analysis, cash flow modeling, and credit risk assessment skills
Experience working with middle-market borrowers, including businesses with annual revenues up to $100MM
Prior experience supervising and developing underwriting teams
Strong understanding of commercial lending regulations, credit policies, and portfolio xhqgsiq management
Experience working cross-functionally with credit, lending, and loan operations teams
Bachelor's degree in Finance, Accounting, Economics, Business, or a related field
MBA or Master's degree preferred
Ascendo is a certified minority owned staffing firm, and we welcome and celebrate diversity.Ascendo is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, parental status, military service or any other characteristic protected by federal, state or local law.
Worksite address
bronx, NY, 10467, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.