Underwriter jobs in Wayne, New JerseyCreate job alerts

Job Description BASIC FUNCTION Responsible for acting in place of the Director of the Commercial & Industrial Lending (C&I) and Small Business Finance (SBF) Department. The position will oversee all other Bank departments, ensuring C & I and SBF are compliant with policy and appropriate procedures. Assist with identification of lending and deposit opportunities as well as qualifies loans to borrowers for real estate secured and non-real estate financing opportunities. Ensures the quality of prospective commercial loan opportunities/portfolio to meet/exceed the Bank’s standards for C & I and SBF loans. This position will also have management responsibility for evaluating, structuring, underwriting, loan transactions originated from the C & I and Small Business Finance Departments, both new transactions and modifications. MAJOR RESPONSIBILITIES Deputy: • Oversees the department’s Administration, Underwriting and Production (Relationship Managers) to ensure they are following the bank’s Commercial C & I and Small Business Finance lending policies and practices., • Will further oversee all Department Teams to ensure transactions are effectively/efficiently proceeding toward approval and closing., • Makes telephone and personal calls to customers and potential customers., • Expedites the resolution of customer problems/complaints., • Oversees the quality of new/existing accounts. Verifies that potential loans conform to policy. Ensures that necessary documentation is completed, and requests additional data as needed. Confers with Department Director on portfolio opportunities/issues., • Maintains a state-of-the-art knowledge of the bank’s Commercial/Small Business lending market, with respect to products, pricing and demand., • Reviews/signs-off on new loan and modification underwritings (as long as position is not a producing position)., • Review commitment letters and loan documentation to insure conformance with approval and Bank policies., • Performs other duties as required. Underwriting: • Responsible for reviewing and analyzing commercial real estate and non-real estate loan requests/submissions, financial statements, property/business soundness and viability, industry trends, competition, management capability and financial leverage., • Responsible for reviewing each underwriter and/or performing in-depth due diligence on prospective clients (Borrowers/Principle/Guarantors) and their financial statements including cash flow modeling and projections., • Interact with Relationship Managers to establish appropriate loan structure which is consistent with prescribed credit policies, underwriting guidelines and general best practices considering risk elements inherent in loan purpose, ownership structure, management depth and experience., • Responsible for preparing Credit Memorandum for approval by Department Head, Senior Lending Officer and/or Credit Committee., • Interact with customers, Relationship Managers, underwriting staff, and administrative staff to obtain timely and complete financial information., • Assist in recommending, updating, and writing Departmental Credit Policies and Procedures as well as underwriting procedures., • Negotiate and recommend for approval loan modifications., • Responsible for managing the Underwriting staff and Sales staff (RM) workflow. Department Support: • Interact with Loan Review and Internal Audit relating to asset reviews, • Interact with external Bank Accountants and Regulators during their review., • Prepare draft responses to Loan Review and Internal Audit reports for Department Director and SLO review and sign off., • Assist the Department Director in overseeing the activities of the Commercial C & I and Small Business Finance departments including C & I and SBF policies, procedures and other management reporting requirements. JOB REQUIREMENTS Education: College Degree or education (or a combination of education and experience) equivalent to an undergraduate degree, Bank lending experience with successful completion of a credit training program. Experience: • Minimum of 15 years’ commercial lending/Small Business real estate and non-real estate experience required., • Minimum of 5 years’ Supervisory/Management experience., • Minimum 5 years’ experience as a Senior Underwriter with demonstrated ability to independently analyze, structure, negotiate and close commercial real estate loan transactions., • Minimum 5 years’ experience managing high performing sales teams with processes, prospecting and COI cultivation., • Excellent organizational skills., • Thorough knowledge of commercial real estate and non-real estate loan product lines., • Goal oriented individual – displaying self-motivation and initiative being a detail oriented and conscientious leader., • Excellent leadership and teamwork skills required., • Strong customer service skills required., • Experience with bank credit policies and procedures, loan analysis and guarantor/sponsor financial analysis., • Previous leadership role in a senior capacity with demonstrated ability to manage and direct subordinates., • Excellent organizational, presentation, interpersonal, communication skills and the ability to multi-task., • Ability to work independently under stringent time constraints., • Proficient in Word, Excel, Office, and other spreadsheet software applications. Benefits • Holidays, • Vacation, • Health/Dental, • Vision Service Plan, • Short Term Disability, • Long Term Disability, • Life Insurance, • Flexible Spending Accounts, • 401k Savings Plan, • Tuition Reimbursement, • Employee Assistance Program, • Free Employee Checking Account

Job Description Position Summary: The Senior SBA Credit Analyst / Underwriter is responsible for evaluating and underwriting SBA loan applications in accordance with the SBA Standard Operating Procedures (SOP) and Ready Capital’s credit policy. This role requires advanced credit analysis capabilities, strong technical writing, and effective communication skills to support sound credit decisions and ensure compliance with SBA guidelines. Key Responsibilities: • Credit Analysis & Underwriting, • Conduct thorough financial analysis of business and personal financial statements, tax returns, and cash flow projections., • Assess borrower creditworthiness, repayment capacity, and collateral adequacy., • Prepare a detailed credit memo with well-supported recommendations., • SBA SOP Compliance, • Ensure all underwriting activities align with current SBA SOP requirements., • Stay updated on changes to SBA policies and communicate implications to relevant stakeholders., • Collaborate with RCL’s closing teams to ensure documentation accuracy., • Technical Writing, • Draft clear, concise, and comprehensive credit memos and risk assessments., • Document underwriting decisions and rationale in a professional and audit-ready format., • Communication & Collaboration, • Present credit findings to loan committees and senior management., • Communicate effectively with BDOs, borrowers, internal customers and third-party professionals to gather necessary information., • Bachelor’s degree in Finance, Accounting, Economics, or related field, • Minimum 4 years of experience in SBA credit analysis, • Deep understanding of SBA 7(a) programs and SOP requirements., • Strong analytical skills and proficiency in financial modeling., • Excellent written and verbal communication skills. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is frequently required to stand and walk. The employee is occasionally required to reach with hands and arms; climb or balance and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 15 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus. Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually quiet

This Senior Property Underwriter will manage a property renewal book while also producing new business. The position will primarily be focused on underwriting mono-line property opportunities, however the underwriter will be charged with cross selling and uncovering other lines of business for oth

Established in 2021, Anka Foods is a leading manufacturer and wholesaler specializing in Turkish, Middle Eastern, and Mediterranean cuisine.The company offers a diverse catalog of over 250+ frozen, refrigerated, and dry items, with a focus on the US market.This is a full-time on-site role for an Adm

Konica Minolta Sensing Americas, Inc.Imaging Industry specializing in Color and Light measurement instrumentation, is seeking an HR Admin Specialist to support executive leadership and coordinate key administrative and operational functions.This role acts as a liaison with internal departments and e

Established in 2021, Anka Foods is a leading manufacturer and wholesaler specializing in Turkish, Middle Eastern, and Mediterranean cuisine.The company offers a diverse catalog of over 250+ frozen, refrigerated, and dry items, with a focus on the US market.This is a full-time on-site role for an Adm

Konica Minolta currently has an exciting opportunity for an.This position performs key analytical functions within Direct Administration.This includes analysis and publication of work load, error rates, dashboard performance, etc.Additionally facilitates JSOX audits for the team, tests new IT capabi

Established in 2021, Anka Foods is a leading manufacturer and wholesaler specializing in Turkish, Middle Eastern, and Mediterranean cuisine.The company offers a diverse catalog of over 250+ frozen, refrigerated, and dry items, with a focus on the US market.This is a full-time on-site role for an Adm

Gotham Technology Group is seeking an outgoing, project oriented candidate to support our Chief Technology Officer and legal functions.This role managers the Chief Technology Officers, calendar and travel itinerary as well as supporting the legal department's admin9strative functions,.The ideal cand

Established in 2021, Anka Foods is a leading manufacturer and wholesaler specializing in Turkish, Middle Eastern, and Mediterranean cuisine.The company offers a diverse catalog of over 250+ frozen, refrigerated, and dry items, with a focus on the US market.This is a full-time on-site role for an Adm

Gotham Technology Group is seeking an outgoing, project oriented candidate to support our Chief Technology Officer and legal functions.This role managers the Chief Technology Officers, calendar and travel itinerary as well as supporting the legal department's admin9strative functions,.The ideal cand

Established in 2021, Anka Foods is a leading manufacturer and wholesaler specializing in Turkish, Middle Eastern, and Mediterranean cuisine.The company offers a diverse catalog of over 250+ frozen, refrigerated, and dry items, with a focus on the US market.This is a full-time on-site role for an Adm

Provide executive level administrative support to Global Head of Communications and leadership team including; scheduling, international travel arrangements, expense reports, etc.Successful candidate must be a team player who can handle multiple assignments while proactively reaching out within the