Underwriter II

4 weeks ago


New York, United States Peapack-Gladstone Bank Full time

Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients' needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.

What makes Peapack-Gladstone Bank different from our competition? We are an institution that's over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first.We are proud to be recognized for the sixth consecutive year, by American Banker as one of the 'Best Bank to Work For' across the nation. Our secret sauce in one word is our 'culture'. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.

There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing

Position Summary:

Responsible for structuring, underwriting and ongoing monitoring of middle market Commercial & Industrial (C&I) loans and Investor CRE/Multifamily loans. Loan types include owner-occupied and investor Commercial Real Estate, Working Capital Lines of Credit and Term Loans.

Position Responsibilities:

  • In conjunction with the Senior Credit Officer and Commercial Private Banker, evaluate, structure and underwrite new credit requests, including the completion of loan approval packages that include financial/cash flow analysis, collateral valuation and identifying and mitigating risk. This may include prospect/client calls.
  • Prepare loan proposals and quarterly/annual loan reviews in an accurate, timely and effective manner. Ensure borrowers are appropriately risk rated. Working closely with the private bankers to proactively identify potential issues and find solutions.
  • Perform annual/quarterly due diligence on existing clients in an accurate, timely and effective manner, including the analysis of necessary financial information, covenant compliance, identifying emerging risks and the appropriate risk ratings.
  • Conduct industry analysis, market analysis, property inspections (if necessary), risk rating and stress testing in the preparation of written credit analysis.
  • Active participant in loan discussion meetings with clients, prospects, Bankers, and Senior and Executive Management.
  • Adhere to and comply with all Bank policies & procedures.
  • Provide ongoing coaching and support to other team members.
  • Work on special projects as needed.
Essential Skills and Experience:
  • Bachelor's Degree in business, finance or accounting required.
  • 3+ years of solid experience in financial analysis, structuring and underwriting.
  • Ability to analyze balance sheets, income statements, projections, and cash flow information.
  • Ability to analyze personal financial information as presented by Credit Bureaus and in personal financial statements and personal tax returns.
  • Working knowledge of Microsoft Outlook, Word, Excel, Co-Star, and Moody's.
  • Excellent verbal, written communication and interpersonal skills.
  • Able to read, write, and speak English well.
  • Able to deal effectively, tactfully, and courteously with clients, co-workers, and the personnel of other departments.
  • Ability to organize work-flow and handle a high volume of data with attention to details.
  • Maintain a professional and positive demeanor at all times.
Nonessential Skills and Experience:
  • Assume additional responsibilities as assigned
  • Maintain a neat and orderly work area
  • Working knowledge of CreditTrack


Benefits

Peapack-Gladstone Bank offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

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