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Dime Community Bank

Senior C&I Underwriter - Commercial Lending

3+ months agoHauppauge, NY

Summary: The Senior C&I Underwriter specializes in the evaluation of the credit worthiness of Commercial and Industrial (C&I) clients and is responsible for preparing complete and accurate credit analyses in a timely manner. The Senior C&I Underwriter determines the Borrower's ability to repay loans and lines of credit including those used to provide working capital for businesses, term financing for business and/or equipment acquisition as well as letters of credit. Previous experience underwriting C&I loans is key.

Salary commensurate with experience, ranging from $130,000 to $155,000 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location.



All applicants must attach a recent resume.

Responsibilities:

  • Provide unbiased, objective and thorough underwriting analysis for new and existing credit proposals, including owner-occupied commercial real estate, business term loans, debt consolidation, lines of credit, standby letters of credit and loan participations/syndications.
  • Conduct cash flow analyses (e.g., business, personal and global) to evaluate borrower's loan repayment ability and Identify the risks of the Borrower and Borrower's industry.
  • Analyze balance sheets and gauge financial strength of loan applicants.
  • Determine risk ratings using the Dime's internal tools and matrices.
  • Review and analyze all 3rd party reports.
  • Establish loan covenants and closing conditions.
  • Prepare requests for loan modifications, extensions and exit proposals for maturing loans and lines of credit.
  • Assess Dime's collateral coverage by creating borrowing base advance formulas and reviewing accounts receivable aging reports and inventory schedules.
  • Identify policy exceptions and incorporate suitable mitigants into credit evaluations.
  • Prepare and deliver the credit approval package to the appropriate authority level as required by the Dime's Credit Policy.
  • Proactively communicate with loan officers, brokers, and clients during underwriting and loan review process.
  • Participate in client meetings and conference calls.
  • Conduct annual reviews of the existing portfolio.
  • Provide analytical support for senior management as needed.

Qualifications:

  • Bachelor's degree and minimum 7 years' commercial banking / underwriting / lending experience in the middle market and C&I on Long Island and/or New York City; or equivalent combination of education and experience.
  • Previous experience in C&I underwriting required.
  • Strong understanding of loan risk factors.
  • Demonstrated knowledge of credit and financial analysis techniques.
  • Demonstrated ability to independently gather, consolidate, analyze, and summarize data and make recommendations for all levels of commercial credit relationships.
  • Good interpersonal skills working with loan officers, credit officers, clients, and executive management.
  • Knowledge of Abrigo/Sageworks End-to-End software system preferred.
  • Effective time management, written and oral communication skills.
  • Strong knowledge of Microsoft Office.

Client-provided location(s): Hauppauge, NY, USA
Job ID: BNB-SENIO002618
Employment Type: Other