Credit Underwriter III at Amalgamated Bank of NY

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

31 May, 26

Salary

125000.0

Posted On

02 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Analysis, Financial Modeling, Due Diligence, Credit Risk Assessment, Credit Memorandum Preparation, Credit Committee Presentation, Portfolio Monitoring, Lending Policies Knowledge, Risk Rating Recommendation, Organizational Skills, Verbal Communication, Written Communication, Interpersonal Skills, Public Presentation, Detail Oriented

Industry

Banking

Description

Amalgamated Bank (“AB”) is a socially conscious bank founded in 1923. AB is actively growing its CRE portfolio with multi-family, industrial, retail, office, and other asset classes in the Northeast, Mid-Atlantic, California and major gateway cities. The Credit Underwriter III (VP) will be an integral part of the loan review and approval process for new CRE loan transactions. The Credit Underwriter III will work closely with the origination team and credit risk management in reviewing and analyzing financial statement reports, conducting due diligence, assessing credit risk, preparing deal screen presentations, writing credit approval memorandums, presenting recommendations to the credit committee, and monitoring and managing the credit portfolio. The Credit Underwriter III will be expected to work on numerous deals simultaneously. The job requires a self-starter capable of independently completing work in a thoughtful and thorough manner, while evaluating all risks associated with complicated CRE credit transactions. Essential Job Functions: 1. Prepare comprehensive credit memorandums that provide in-depth analysis of new credit requests and analyze risks and mitigants of loan structures. 2. Work with the origination team and credit as risks are uncovered during the underwriting/closing process. 3. Assist in the presentation of transactions to the credit committee in support of approval. 4. Maintain good working knowledge of the Bank’s lending policies/ procedures and identify exceptions to credit policy. 5. Recommend appropriate risk ratings in accordance with credit policy guidelines. 6. Attend meetings and/or conference calls on transactions, lead due diligence discussions and guide the deal though the approval process. 7. Assist in annual credit reviews. 8. Perform other duties as required by the job. Knowledge, Skills and Experience Requirements: 1. Bachelor’s degree in Accounting, Finance, or other related field with proven academic excellence. 2. Formal credit training and 3 + years of underwriting experience within a Commercial Bank or other real estate credit lender. 3. Highly proficient financial analysis skills, including financial modeling and understanding of financial data for CRE loan transactions. 4. Ability to work well on a team with different personalities, adjust quickly to various work situations, and remain composed under pressure/in stressful situations. 5. Ability to work on multiple long-term transactions simultaneously, while prioritizing assignments to meet deadlines. 6. Strong verbal, written, inter-personal, and public presentation skills. 7. Proven organizational skills; able to work independently and be detail-oriented.

Responsibilities

The Credit Underwriter III will be integral to the loan review and approval process for new CRE transactions, involving financial statement analysis, due diligence, and risk assessment. Key duties include preparing comprehensive credit memorandums, presenting recommendations to the credit committee, and monitoring the credit portfolio.