Senior C&i Underwriter - Commercial Lending

Company: Dime Community Bank

Location: Melville, NY

Posted on: April 28

Summary: Dime Community Bank is currently hiring for an experienced Senior C&I Underwriter based at its Corporate Office in Melville, Long Island. 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 Borrowers 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 Borrowers industry.
• Analyze balance sheets and gauge financial strength of loan applicants.
• Determine risk ratings using the Dimes 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 Dimes 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 Dimes 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:

• Bachelors degree and minimum 5 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.