Sr. Underwriter
3 weeks ago
Job Type
Full-time
Description
New Horizon is not just another bank; it is a dynamic, forward-thinking financial institution committed to redefining the banking relationship through our relentless pursuit of curiosity, boundless creativity, and unwavering dedication to innovation. Our team is comprised of passionate individuals who are constantly seeking new ways to enhance our services and create exceptional experiences for our customers. From developing innovative financial products to implementing cutting-edge technologies, we are committed to finding creative solutions that address the evolving needs of our clients in today's integrated and fast-paced world. Join us on our journey as we continue to explore new horizons, challenge conventions, and redefine the future of banking.
New Horizon Bank is looking for a Senior Underwriter to play a critical role in evaluating and approving loan applications and ensuring compliance with bank policies and regulatory requirements. Your expertise will help us manage risk effectively while providing "white glove" service to our clients.
You know you are the right candidate for this role if:
- You love balancing risk mitigation with opportunity.
- You can apply a creative approach to loan structuring - increasing the chances of closing the loan.
- You possess exceptional judgement, strong strategic and critical thinking skills, and you like to solve problems collaboratively.
- You are an action oriented, outcomes-driven leader.
Underwriting:
- Underwrite commercial credit actions by reviewing financial statements, analyzing borrower risk ratings, and recommending appropriate loan structuring.
- Collaborate with loan officers and other team members to gather additional information and clarify borrower details.
- Ensure all parties are kept informed of underwriting progress and outcomes.
- Communicate decisions and recommendations clearly and effectively to both internal and external stakeholders.
- Provide guidance and support to the team of credit analysists on underwriting procedures and information needs.
- Prepare detailed reports and documentation to support underwriting decisions.
- Source, compile, and interpret financial data to support the structuring and approval of loans.
- Review industry information, key risks, mitigants, and collateral to form a comprehensive business overview of the borrower.
- Utilize analysis results to underwrite commercial loans effectively.
- Prepare credit analysis documentation and servicing information.
- Identify and evaluate risks associated with new and existing commercial credit requests and relationships through thorough review and analysis.
- Collaborate with Bank associates and partners to address risk issues, communicate review schedules, and manage changes in the commercial portfolio.
- Assist in coordinating review and renewal schedules for existing credits, supporting ongoing risk identification and management.
- Ensure all underwriting decisions align with the bank's credit policies and procedures.
- Identify cross-sales opportunities for new and existing relationships based on analytical activities.
- Partner with associates and clients to determine needs and structure new requests, renewals, and modifications.
- Assist management with the development and training of peers.
- Maintain up-to-date knowledge of industry regulations, market trends, and best practices.
- Lead and develop a team of credit analysts.
Required Qualifications:
- Bachelor's degree in Finance, Business Administration, or a related field (Master's degree or professional certification preferred).
- Excellent analytical, problem-solving, and decision-making skills.
- Proficiency in underwriting software and Microsoft Office Suite.
- Strong understanding of underwriting principles, credit analysis, and risk management.
- Minimum of 5 years of underwriting experience, with a focus on commercial loans.
- Minimum of 3 years management experience.
- Effective communication and interpersonal skills, with the ability to interact confidently with senior management and regulatory authorities.
- Competitive salary based on experience and skill.
- Performance-based bonuses.
- Incentive compensation potential.
- Comprehensive benefits package including health, disability, life insurance, 401(k) + match, and paid time off.
- An entrepreneurial culture with exceptional growth potential.
New Horizon Bank is an Equal Opportunity Employer and does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disability, or veteran status.
