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Senior Asset-Based Lending Underwriter

2 months ago

New York, New York, United States Flagstar Bank Full time

Position Overview
The Senior Asset-Based Lending Underwriter plays a crucial role in evaluating and underwriting intricate business transactions while ensuring compliance with the Bank's Credit Policies and Procedures. This position involves direct interaction with potential clients, structuring and finalizing new loan agreements, and providing mentorship to junior underwriters.

Key Responsibilities

  • Deal Screen Summary Preparation: Analyze financial and collateral data to create a comprehensive summary of the company, outlining the proposed structure of the asset-based loan while identifying key strengths and potential risks.
  • Credit Approval Memorandum Development: Synthesize company analysis, collateral evaluation, and financial information with third-party due diligence to prepare a detailed summary for Senior Management, including risk assessments and recommendations.
  • Loan Documentation Management: Oversee the documentation, closing, and funding processes for new transactions, collaborating with legal teams to ensure loan agreements align with approved terms.
  • Client Engagement: Conduct meetings with prospective clients, either via phone or in-person, to gather insights regarding their financial performance, industry conditions, and collateral management.
  • Financial Analysis: Review and assess financial and collateral information to determine the feasibility of proceeding with a deal screen memo, including evaluations of borrowing bases, accounts receivable aging, inventory reports, and historical and projected financial statements.
  • Field Examiner Coordination: Engage with field examiners and appraisers, providing direction on the scope of examinations and reviewing their reports to identify potential collateral issues and establish appropriate advance rates.
  • Special Projects: Undertake additional projects and responsibilities as required, contributing to the overall efficiency and effectiveness of the underwriting process.
  • Regulatory Compliance: Adhere to all regulatory and compliance standards relevant to the role, completing necessary training and ensuring compliance with applicable laws and regulations.

Qualifications

  • Education: Bachelor's Degree in business, economics, or a related field.
  • Experience: Minimum of 6 years in credit analysis within a banking or finance environment, with at least 4 years specifically in Asset-Based Lending.
  • Technical Skills: Proficiency in Moody's Risk Analyst Spread System or similar tools, along with advanced skills in Microsoft Excel and Word.
  • Analytical Skills: Strong ability to conduct financial and collateral analysis, with excellent verbal and written communication skills.
  • Work Ethic: Demonstrated commitment to maintaining high standards of performance and compliance.
  • Physical Requirements: The role may involve moderate physical exertion, including standing, sitting, and occasional lifting.