SBL Underwriting Specialist

| Boston, MA, USA +80 more | Remote | Hybrid
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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 $5 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.
The Underwriting Specialist for Securities-based lending leads and participates in various operational processes, reporting, system testing, process development, training and project management.

  • 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


        • Bachelors' Degree
        • Prior experience with banking or securities-based lending
        • 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.

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              Candidate Location Eligibility:
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              Technology we use

              • Engineering
              • Product
              • Sales & Marketing
              • People Operations
                • C#Languages
                • C++Languages
                • JavaLanguages
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                • PHPLanguages
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              An Insider's view of Leader Bank

              What’s the vibe like in the office?

              The vibe in our office is very collaborative. We have people at all levels in all different departments working side by side, with the leadership team always very accessible. There is a strong sense of pride and dedication as team members roll up their sleeves and focus on delivering the best products and services for our clients.


              VP Head of Brand Marketing

              What does your typical day look like?

              A typical day looks like solving real world enterprise problems using various software technologies. Spending most of the time in development, resolving pressing issues and collaborating with coworkers who are very cooperative and supportive. Ready to face challenges every single day for us to deliver the best product to our clients.


              Senior Software Engineer

              How does the company support your career growth?

              Leader Bank provides different learning opportunities for all team members including online self-paced courses, live classes, and interactive sessions with senior leaders. In my experience, the leadership team is always looking for new, out of the box ways of doing things and pushes you to take on stretch projects and learn all that you can.


              AVP Talent Management

              What is your vision for the company?

              My vision is for Leader Bank to be synonymous with exemplary client services and convenient, straightforward banking and lending. Through constant innovation of our products and services, we will always improve upon our client experience. Leader Bank will be known for delivering for our clients and the communities we serve.



              How would you describe the company’s work-life balance?

              Leader Bank provides a flexible work environment and values the balance between work and personal life. We are a family owned business and treat our team members like family.


              SVP Chief Talent Officer

              What are Leader Bank Perks + Benefits

              Leader Bank Benefits Overview

              Leader Bank offers an excellent compensation and benefits package including a 401k plan with company match, medical, vision, and dental insurance, and the opportunity to work for a fast growing organization. With emphasis on professional development and career growth, Leader Bank offers a variety of opportunities for training, skills development, cross-functional learning, both formally and self-guided.

              Volunteer in local community
              Partners with nonprofits
              Open door policy
              Team based strategic planning
              Employee-led culture committees
              Hybrid work model
              Employee awards
              Remote work program
              Dedicated diversity and inclusion staff
              Highly diverse management team
              Diversity employee resource groups
              Hiring practices that promote diversity
              Health Insurance + Wellness
              Flexible Spending Account (FSA)
              Disability insurance
              Dental insurance
              Vision insurance
              Health insurance
              Life insurance
              Pet insurance
              Wellness programs
              Mental health benefits
              Financial & Retirement
              401(K) matching
              Performance bonus
              Child Care & Parental Leave
              Family medical leave
              Company sponsored family events
              Vacation + Time Off
              Generous PTO
              Paid holidays
              Paid sick days
              Floating holidays
              Bereavement leave benefits
              Office Perks
              Company-sponsored outings
              Some meals provided
              Fitness stipend
              Professional Development
              Job training & conferences
              Lunch and learns
              Promote from within
              Online course subscriptions available
              Personal development training

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