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VP Senior Underwriter Capital Analytics

ExecuNet Chevy Chase Full-Time
$161,000.00 (Careerbuilder est.)
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Description

The VP, Senior Underwriter will independently evaluate and/or supervise new, large, complex transactions to determine the viability of the credit and makes appropriate recommendations based on Company's lending criteria. This position will generally lead various underwriting endeavors and supervise others to ensure effective and efficient completion of required underwriting tasks.

The VP, Senior Underwriter interacts and effectively communicates with members of the new business deal team and portfolio management (PM) while performing and overseeing assignments. The VP, Senior Underwriter shall also possess the ability to perform and supervise new business underwriting  and complex credit and collateral monitoring examinations (CCMEs) with limited supervision.

RESPONSIBILITIES:

  • Underwrite new business financing opportunities and perform/supervise CCMEs
  • Effectively function as a member of the deal team to assess the credit worthiness of prospective borrowers
  • Obtain an understanding of the proposed transaction and establish an appropriate and agreed-upon scope for diligence in conjunction with the Credit/Investment Officer (diligence may be performed on-site or remotely depending upon transaction circumstances)
  • Assess management, analyze historical and projected financial data and cash flows, and review business plans and industry trends
  • Identify and analyze the key drivers of the prospective borrower's business
  • Participate with PM in planning an effective and appropriate diligence scope to assess ongoing risk, business performance and/or compliance to the credit agreement
  • Develop techniques and perform testing of assumptions and assertions of management during the diligence process to confirm reasonableness
  • Identify the credit risk and suggest mitigants.  Apply appropriate asset-based lending techniques when evaluating collateral, inclusive of valuation analytics, where applicable
  • Oversee and assist in the preparation of appropriate work papers to support analysis and supportive test work
  • Prepare a well-written report documenting scope, key findings, recommendations, and results of testing and analysis performed, and ensure proper email storage and maintenance of all deliverable support
  • Assess industry conditions/cycles and regulatory environment with emphasis on threats to the prospective borrower's ability to service debt
  • Assess competitive environment and the projected effect on the prospective borrower
  • Assist in performing customer and vendor references
  • Review third party diligence reports when provided or when requested
  • Assess the appropriateness of scope and depth of work performed by third parties, including but not limited to appraisals, environmental reviews, sponsor related external studies, etc.
  • Identify credit issues and recommend appropriate follow-up as required to adequately address credit exposure and associated risk
  • Review credit agreement to ascertain the key components of the credit  facility  and reporting requirements
  • Gain an understanding of the industry in which the client operates and its key drivers
  • Develop and perform appropriate and sufficient testing of assumptions and assertions to confirm reasonableness. When applicable, confirm client's computation of covenants and borrowing base certificates are in compliance with loan documents and prudent lending practices, and validate and/or supervise, as needed, financial tracking data maintained by PM
  • When leading any type engagement where assistance is provided from less experienced staff, provide supervision and mentoring
  • Actively partakes and supervised special reviews, research and ad-hoc analytics as warranted
  • Participate in credit committee meetings as appropriate
  • Maintain professional education to stay current with changing accounting/auditing standards and environment
  • Willingness to travel 15% to 30% of time, sometimes on short notice

POSITION REQUIREMENTS: 

  • Bachelor's degree, preferably in Accounting; Master's Degree in Finance, Accounting or related field desirable
  • CPA designation preferred
  • Minimum of 5 to 7 years' auditing/underwriting experience, preferably in commercial finance/banking industry or accounting firm specializing in diligence for buyers and sellers of businesses or lenders
  • Must be a self-starter and able to multi-task, work efficiently on own and in team environment, and be readily adaptable to change and exhibit highly effective  leadership and supervisory skills
  • Experience leading and overseeing complex multi-site engagements
  • Proficient in Excel, Word and Power Point
  • Strong writing and interpersonal skills
  • Strong analytical skills and attention to details
 

Recommended skills

Accounting
Banking
Underwriting
Finance
Appraisals
Loans
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Job ID: 593903

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