Securities-based Lending Underwriting Specialist

Leader Bank is looking for exceptionally dedicated team members to join one of the region's fastest growing community banks and mortgage lenders. At the time of its founding in 2002, Leader Bank had one branch office, $6.5 million in assets and 7 team members. Since then, the Bank has become of the most successful banks in Massachusetts with more than $4 billion in assets, more than 400 team members, 7 branch offices, and annual mortgage originations of over $2 billion.
Exemplary products and an innovative spirit have driven Leader Bank's rapid growth over the years, and our team members embrace these values. Our mission is to obsess over our clients, make them feel valued, and maintain long-term relationships with them by constantly enhancing our products and processes to always be improving our client experience. For our team members, Leader Bank prioritizes competitive compensation and benefits, a healthy work-life balance, and an environment that fosters diversity and inclusion.
Summary
The Underwriting Specialist for securities-based lending leads and participates in various operational processes, reporting, system testing, process development, training and project management.
Responsibilities

• Underwrites new securities-based lending applications, evaluating credit reports and performs due diligence on new applicants for loan decisioning
• Independently interprets underwriting guidelines and keeps necessary parties informed relative to changes and updates
• Works with other partners of the SBL team to resolve issues related to loan applications and existing credit lines
• Assists with training new team members
• Calculates excess collateral and deciding upon allowing collateral release requests
• Manages collateral restriction documentation and execution processes
• Creates and delivers client communications on SBL account transactions
• Executes servicing & account maintenance related functions on SBL accounts
• Monitors for high-risk loans and transactions daily
• Conducts data analytics and reporting as required, including preparation of any regulatory or management reporting
• Develops, analyzes data analytics and reporting as required, including preparation of any regulatory or management reporting
• Leads platform enhancement QA testing and deployments
• Serves as Project Lead for enhancement QA testing and deployments
• Creates procedures, delivers a training programs, and oversees outsourced operations and audits
• Additional responsibilities as required to support a growing business line

Qualifications

• Bachelors' Degree.
• Prior underwriting experience specifically with securities-based lending is required.
• Must be a proactive self-starter, willing to take accountability and support the evolution and expansion of a growing business line.
• Client-centric individual, capable of working in a team environment.
• Strong attention to detail & problem-solving skills with ability to exercise prudent judgment making quick decisions in a fast-paced environment.
• Excellent interpersonal and communication skills.
• Previous experience in banking / credit operations with analytics and reporting skills.

Leader Bank offers an excellent compensation and benefits package including: 401k plan with corporate match, medical and dental insurance, and the opportunity to work for a fast growing, local organization.
Leader Bank, N.A. is an Equal Opportunity and Affirmative Action employer and does not discriminate on the basis of race, color, religion, age, gender, marital status, sexual orientation, national origin, disability, military status, veteran status or any other protected class.