Specialty Finance Senior Underwriter - Healthcare Lending at BNB Bank

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

28 Sep, 26

Salary

190000.0

Posted On

30 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Analysis, Healthcare Underwriting, Cash Flow Analysis, Risk Rating, Financial Statement Analysis, Loan Covenants, Collateral Assessment, C&I Underwriting, Commercial Real Estate Underwriting, Abrigo/Sageworks, Microsoft Office, Time Management

Industry

Banking

Description

Summary: Dime Commercial Bank (Dime) is currently hiring for a Specialty Finance Senior Underwriter - Healthcare Lending at one of its Midtown Manhattan Corporate offices. The Specialty Finance Senior Underwriter – Healthcare Lending specializes in the evaluation of the credit worthiness of Healthcare and C&I clients and is responsible for preparing complete and accurate credit analyses in a timely manner. The role also determines the Borrower’s ability to repay loans and lines of credit including those used to provide working capital for businesses, owner-occupied mortgages, term financing for business and/or equipment acquisition as well as letters of credit. Underwriting is prepared according to applicable regulations, approved insurance reimbursement programs, and related government guidelines. Salary commensurate with experience, ranging from $170,000 to $190,000 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location. All applicants must attach a recent resume. Dime does not provide relocation assistance or visa sponsorship (now or in the future). Responsibilities: * Provide unbiased, objective, and thorough underwriting analysis for new and existing credit proposals, including owner-occupied commercial real estate, business term loans and acquisitions, debt consolidation, lines of credit, standby letters of credit and loan participations/syndications for healthcare clients. * Conduct in-depth cash flow analyses (e.g., business, personal and global) to evaluate borrower's loan repayment ability; this includes awareness of future Borrower impact from changes within the regulatory environment while also identifying the risks of the Borrower and the Healthcare industry. * Analyze balance sheets and gauge financial strength of loan applicants. * Determine risk ratings using Dime’s internal tools and matrices. * Review and analyze all third-party reports (inclusive of both business and real estate valuations). * Establish loan covenants and closing conditions. * Prepare requests for loan modifications, extensions and exit proposals for maturing loans and lines of credit. * Assess Dime’s collateral coverage by creating borrowing base advance formulas and reviewing accounts receivable aging reports and inventory schedules relative to the Healthcare industry. * Identify policy exceptions and incorporate suitable mitigants into credit evaluations. * Prepare and deliver the credit approval package to the appropriate authority level as required by Dime’s Credit Policy. * Proactively communicate with loan officers, brokers, and clients during underwriting and loan review process. * Participate in client meetings and conference calls. * Conduct annual reviews of the existing portfolio. * Provide analytical support for senior management as needed. Qualifications: * Bachelor’s degree in a business-related field and a minimum of 7 years’ underwriting/credit/commercial banking/lending experience. Experience preferably in middle market banking; or equivalent combination of education and experience. * Previous experience in Healthcare and C&I underwriting required. * Strong understanding of loan risk factors. * Demonstrated knowledge of credit and financial analysis techniques. * Demonstrated ability to independently gather, consolidate, analyze, and summarize data and make recommendations for all levels of commercial credit relationships. * Good interpersonal skills working with loan officers, credit officers, clients, and executive management. * Ability to work in a fast-paced environment, requiring effective time management, written and oral communication skills. * Knowledge of Abrigo/Sageworks End-to-End software system preferred. * Strong knowledge of Microsoft Office.

Responsibilities

The role involves evaluating the creditworthiness of Healthcare and C&I clients through thorough underwriting analysis and cash flow evaluations. Responsibilities include determining risk ratings, establishing loan covenants, and managing the credit approval process for various loan types.