Underwriting Manager - Commercial Credit C&I

This position is responsible for leading and supervising a team of underwriters that will support the business segments in the monitoring, maintenance and origination of new and existing loans based on credit programs and policy, in close coordination with the business segments. Responsible for providing a sound, independent and objective assessment and recommendation on risk factors associated with small business, midsize, large, complex structures and transactions related to Commercial and Industrial (C&I) and Corporate Enterprises transactions. This position will also oversee credit risk management and maintenance of credit quality for the respective assigned portfolio by overseeing the monitoring relationship trends, clearing of exceptions, properly assessing and evaluating credit risk and other key factors, and providing recommendations and credit solutions which are appropriate to the relationship risk profile.  

Responsibilities:

•    Supervises team members in their transactional support with the creation of credit memos while maintaining clear understanding of the Bank’s credit programs and policy and its adherence. Reports to supervisor all deviation from credit programs and policy.

•    Responsible for coordinating efforts with other bank units such as Credit Administration, Loan Operations, Portfolio Management, and Credit Risk to streamline processes and maintain accuracy of reports and credit quality of the portfolio.

•    Oversees and conducts analysis/underwriting functions, as needed. Provide support on new business activities by screening data prepared by underwriters and follows up to ensure they are obtaining required documentation and conformity to credit underwriting policy of the bank. Assists in the preparation of documentation, memos, and/or presentation as needed.

•    Manages underwriters in their annual review of existing credit relationships; Identify necessary risk rating changes, errors or inconsistencies and recommend modifications to risk rating as deemed appropriate. This includes calculating and verifying covenant testing requirements and monitoring loan policy exceptions, as needed.

•    Support the accurate review and evaluation of the financial condition and operating performance of C&I Borrowers, CRE Borrowers or Private Banking / Private Client Borrowers for new and existing loan exposures, increases, and modifications of terms/conditions.

•    Provides support and participates in the large & complex financial analysis with a high degree of accuracy in terms of figures and credit risk assessment. Responsibility may also include the proper identification of loan policy exceptions and identification of industry/loan structure specific risks/issues with appropriate mitigating factors.

•    Ability to identify, evaluate, monitor and make any recommendation deemed necessary to the supervisor to assess, reduce, eliminate or control any current or prospective risks to earnings or capital arising from violations of, or nonconformance with, laws, rules, regulations, prescribed practices, internal policies and procedures or ethical standards.

•    Assist in the review and measurement of borrower’s conformance with legal covenants, tracking of same and the identification of compliance or non-compliance This may include assisting Credit Portfolio Managers and Relationship Managers in collaborating with other bank units such as Credit Administration, Loan Operations, Credit Services, Closing areas, and Credit Risk. 

•    Responsible for recruiting, screening, hiring, and onboarding new team members.

•    Responsible for supervising, coaching, training, and mentoring the assigned underwriting team to enhance their knowledge of the position. 

•    Responsible for providing support in developing, enhancing, and promoting new and existing loan products.

•    Oversees the training process of new underwriters. Specifically, ensuring that trainees have adopted the operating procedures of the department, mastering the various formats used and the credit criteria applied to the various forms of analysis.

•    Complete or review and provide feedback on spread financial statements, comprehensive analysis, and credit approval packages according to Bank credit programs and policy.

•    Conducts analytics and produces timely data and reporting related to assigned division.

•    Work within the software systems for loan originations, modifications, annual reviews, and other presentations to senior management.

•    Responsible for the administration and monitoring maturities, delinquencies, including criticized assets reports on a regular basis as well as assisting in the identifying any “red flags” or problems within the portfolio.  Reports to supervisor all portfolio issues and irregularities found in these reports.

•    Partners with Relationship Managers, to include participation in client calls, site visits, as well as facilitating appropriate deal structuring.

•    Provide assistance in other areas within the department, as required, covering during vacation or absenteeism.

•    Ensure preventive measures are carried out to fully comply with current rules, regulations and internal policies relating to risks pertaining to BSA, USA Patriot Act, OFAC and other AML related issues.

•    Assist management with ongoing projects. 

Minimum Education and/or Certifications Requirements:

Bachelor’s degree in business, accounting or finance required. Master’s degree preferred OR 5+ years of credit underwriting/credit analysis experience in lieu of education. Formal credit training preferred.

Minimum Work Experience Requirements:

10+ years of professional experience credit underwriting/credit analysis/portfolio management. Knowledgeable of banking products and documentation.

5+ years of supervisory experience in a banking or other financial institution.

Technical and/or Other Essential Knowledge:

Thorough understanding of the Bank’s credit procedures, programs and policy. Accounting and credit principles. Proficiency in Microsoft Suite is required; experience in SQL is a plus. Salesforce, nCino, FIS IBS experience is a plus. Sound time management and organizational skills required. Well organized and systematic. Must possess strong communication skills.