Head of Commercial Underwriting

This is a fully remote position, open to applicants in New York.

📋 Description

• Oversee the prompt execution of underwriting and portfolio management activities across the Bank’s Commercial portfolio.

• Collaborate with the Chief Credit Officer to manage overall risk within the Bank’s loan portfolio.

• Ensure that commercial credit and collection policies, processes, and procedures effectively mitigate portfolio risks.

• Coordinate the management and resolution of problematic credits.

• Propose strategies, lending objectives, and the overall direction and operations of Commercial underwriting.

• Engage with the CCO and Deputy CCO to achieve loan quality, risk rating, and reporting objectives.

• Achieve compliance benchmarks for annual reviews, risk ratings, covenant compliance, and collateral monitoring.

• Authorize credit requests within the limits of delegated authority, encompassing new business, modifications, and renewals.

• Develop and mentor the portfolio management and underwriting team; lead both underwriters and portfolio managers.

• Collaborate with the executive team and finance on budgeting, expense management, performance objectives, and market trend analysis.

• Review files for credit and collateral documentation, regulatory compliance, and adherence to loan policies.

• Compile written analyses on substantial loans, aggregate lending against borrower indebtedness, complex loans, and underperforming loans.

• Identify problem loans as well as those that meet non-accrual or charge-off criteria.

• Analyze customer financial statements, discounted cash flows, capital rate analyses, and internal asset assessments.

⛳️ Requirements

• Bachelor’s degree (B.A.) along with additional training in lending, compliance, and auditing.

• A minimum of 8–10 years’ experience in bank lending, underwriting, loan review, and/or compliance, or equivalent educational background in bank lending and loan review/compliance procedures and policies.

• Senior-level expertise in all aspects of commercial lending.

🏝️ Benefits

• Flexibility to work remotely through a digital-first approach.