Commercial Credit Underwriter

Position located in Norwalk, CT

Position Overview:

Responsible for underwriting new business transactions for Structured Finance products, which include leases, loans, club syndicated credits, SDG-related opportunities and senior secured transactions based on the credit guidelines and risk levels determined by senior management. This position will work closely with the sales staff to meet with and understand the client’s needs and work with the credit and operations team to structure and close transactions in a timely manner.

Commitment to Internal Control:

Incumbent must understand, abide, and uphold system of internal controls related to the essential duties of the position.

Managed Business Risks:

• Accurately analyze, structure, and underwrite new business opportunities in accordance with established credit policies to mitigate potential credit risk.
• Work with credit staff to avoid administration risk while maintaining superior customer service.
• Always conduct themselves in a professional manner as they are promoting their own brand into the market in addition to MHCA Structured Finance.

Essential Duties and Responsibilities:

(List in order of time spent)

• Have a clear understanding of MHCA’s credit policies and operational procedures to effectively communicate to prospects.
• Gather financial packages and effectively and timely identify quality prospects that fit the client profile for MHCA’s Structured Finance and SDG transactions.
• Own the relationship with Borrower’s management team, transaction advisors, or agent banks.
• Support senior credit team to prescreen and present transactions for review and approval.
• Work with sales and credit teams to effectively structure, underwrite and document new business opportunities, prepare, and present credit analyses to credit team for signature approval.
• Address prospect and credit issues to close and fund transactions.
• Work with documentation teams to onboard new clients for reporting requirements.
• Assist portfolio managers in reviewing credit amendment requests for existing clients.
• Review credit information for syndicated credits and maintain positive relationships with agent banks.
• Understand lending market as well as economic conditions which can impact client performance.
• Work with sales team to review written proposals and help effectively negotiate and communicate benefits to client and trusted advisors.
• Identify areas to streamline the underwriting process and procedures.

Responsibility and Decision-Making Authority:

• Credit assessment, structure, and transaction communication need to be within company prepared guidelines.
• Underwrite and structure transactions for sales staff in accordance with credit policies.
• Control portfolio risk and mitigate loan loss to acceptable levels.

Key Performance Indicators:

• Developed in conjunction with the Chief Credit Officer – Commercial Finance and Supervisor and will include (but not limited to) Deals completed; Contributions to the success of the team; Loss mitigation and avoidance; and Audit exceptions.

Qualifications/Competencies:

Knowledge, Skills, and Abilities:

• Extensive knowledge of credit evaluation, financial, collateral, and cash flow analysis.
• Knowledge of lease and loan products, senior secured credits, syndicated credits, loan structuring, and corresponding documentation.
• Ability to negotiate loan proposals and deal structures, while adhering to corporate objectives.
• Excellent interpersonal, organizational, verbal, and written communication skills.
• Understanding of multiple industry dynamics and how economic conditions impact credit quality and structure.
• Responsibility and ownership of actions. Shows enthusiasm to team and keeps commitments to others.
• Time Management: ability to organize and manage multiple priorities and complete on a timely and accurate basis.
• Team player who understands role as it relates to overall company success.
• Ability to work independently and remotely, if necessary.

Education and Experience:

• BS in Finance / Economics
• Formal credit training program
• 7+ years of experience in commercial lending & non-scoring credit analysis.

Licensing and Certification:

• N/A

Working Hours:

• Hours may vary and will require evening work depending on business needs; may require working more than 40 hours / week depending on business needs.

Tools and Equipment Used:

• Personal computer, copier, fax, phone, and other typical office equipment

Travel:

Physical Demands:

• Digital dexterity and hand/eye coordination in operation of office equipment
• Light lifting and carrying of supplies, files, etc.
• Ability to speak to and hear customers and/or other employees via phone or in person.
• Body motor skills sufficient to enable incumbent to move from one office location to another.

Salary Range: ($100,000.00 - $138,000.00) per year with an opportunity to earn a discretionary annual bonus.

The salary range is determined and based on internal equity, market data/ranges, applicant's skills, prior relevant experience, and education.

Additional Benefits:

• Medical, Dental and Vision Plans

• 401(k) and matching

• Generous Paid Time Off

• Company paid Life Insurance

• Employee assistance program

• Training and Development Opportunities

The job description does not constitute an employment contract, implied or otherwise, other than an “at will” relationship and is subject to change by the employer as the needs of the employer and requirements of the job change.