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Loan Underwriter

  • Location: Mattawan, NJ
  • Start Date: 6/27/2024
  • Job ID: 24-00352
  • Posting Date: 6/27/2024
  • Job Type: Direct Placement
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Summary:
The Loan Underwriter is responsible for the Company's $100M loan portfolio and onboarding new stores. Some basic job duties include analyzing and reviewing security and collateral requirements, periodic audits of historical loans and stores, reviewing and approving documentation requirements for onboarding stores, managing a team of 3-4 staff, reporting weekly on status to management and the executive team, and working closely with the Business Development Team.

Responsibilities:
• Analyze Judgement/Lien and UCC searches to determine if a prospective store meets the requirements to join the Co-Op.
• Analyze security and collateral package and other required due diligence to determine exposure and provide recommendations to management and the loan committee for loan requests.
• Review Membership and Security documentation for onboarding stores.
• Coordinate timely communication with attorneys, stores, internal teams, etc.... as due dates approach for onboarding stores and loan fundings.
• Coordinate and review periodic security/collateral audits and obtain updated information, as required.
• Demonstrate an strong understanding of loan policy, underwriting, loan risk, and regulatory requirements.
• Work closely with the loan committee (finance management, business development, and executive team), prospective and existing stores, and attorneys to prepare, review, and ensure execution of all loan documents (due diligence documents, commitment letters, promissory notes, guarantees, collateral assignment of lease, etc.)

Qualifications:
• Advanced financial and analytical skills
• 3-5 years of commercial loan underwriting experience
• Advanced Excel, Word, and PowerPoint skills
• Excellent communication skills (oral and written)
• Experience in organizing projects under deadlines and completing tasks with a high degree of accuracy
• Bachelor's Degree (in business, accounting, or finance preferred)
• Commercial lending underwriting certification preferred
Posted by Matthew Lemay
Technical Recruiter
(800) 821-4644 x

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