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Credit underwriting Mgr

Company: People's United Bank
Location: Bridgeport
Posted on: May 3, 2021

Job Description:

Job Description

This position is responsible for assisting in the management of the credit department's daily functions in the absence of the Credit VP and for the training of less experienced credit underwriters. Responsible for performing preliminary screening, advisement, underwriting and approving larger and the most complex loan and lease requests. This position advises on deal size and structure based on customer strength and collateral coverage.

  • Trains and advises less experienced credit underwriters. Delegates underwriting responsibilities to junior staff and reviews for accuracy. Assist in managing the credit department's daily functions in the absence of the Credit VP(s). Coaches, develops and inspires staff to maximize their potential.
  • Manages and facilitates the reporting requirements to PUB and Senior Management with other members of the credit department.
  • Performs initial cursory review of all transactions submitted for approval and assigns to appropriate credit underwriter. Manages credit process to ensure that transactions are underwritten thoroughly and in a timely manner and that internal policies and procedures are adhered to. Reviews and issues final approval within lending authority, on all creditworthy transactions submitted by credit underwriters
  • Works on the most complex and non-traditional loans and transactions with the greatest risks/financial exposure to the organization. Performs spreads of financial statements, prepares debt service overlays, initiates appraisals, obtains references and checks related names to ensure regulatory compliance.
  • Analyzes highly complex financial information, including trends, cash flow and key risks, collateral and other related information. Obtains additional information as needed as well as assisting more junior underwriters in performing this responsibility. Prepares written credit presentations. Underwrites, approves and recommends transactions for final approval sign off.
  • Facilitates the preparation of loan documents for approved deals with sales and documentation representatives. Leads authorized signing authorities in negotiating standard documents with customers and their attorneys as needed. Reviews final documentation to ensure compliance with approved structure.
  • Prepares and maintains files on all equipment vendors and approved appraisers and brokers. Maintains database file on all equipment appraisals completed for the area.
  • Utilizes expertise of leasing concepts and related policies, procedures and techniques to provide feedback and recommendations to sales representatives.
  • Provides Portfolio Administration area with approved presentations to ensure ongoing covenant compliance. Identifies material adverse changes and provides information and advice to the appropriate party.
  • Adheres to compliance procedures and internal/operational risk controls in accordance with any and all applicable regulatory standards, requirements, and policies.

Employment Type

Full Time

Job Requirements

College degree or equivalent work experience required.

5-8 years relevant experience.

Additional Job Requirements

  • Excellent ability to inform, educate and influence junior team members, internal/external partners and customers
  • Excellent written, verbal and presentation skills are needed to communicate effectively with internal staff and external customers.
  • Expertise in credit policy and procedures.
  • Comprehensive knowledge of all aspects of equipment leasing industries.
  • Excellent research and analytical skills to make sound decisions focus on relevant issues and influence lending issues.
  • Excellent ability to evaluate and quantify the risk/financial impact of the issues involved.
  • Excellent PC skills including word processing, spreadsheets and standard industry software. Ability to learn to use specific programs as required.
  • Ability to manage multiple priorities for self and team members within strict timeframes.
  • Ability to lead and work with a team.

Keywords: People's United Bank, Bridgeport , Credit underwriting Mgr, Other , Bridgeport, Connecticut

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