Job Title: Credit Underwriter

Location: New York, NY

Company: Confidential Family Office (Asset Based Lending Firm)

Reports To: CEO and Chief Lending Officer

Comp: $150k-250K plus bonus (DOE)

 

We are seeking a skilled and detail-oriented Credit Underwriter to join our client’s family office lending team. The ideal candidate will have a strong background in asset-based lending, credit analysis, and underwriting. You will play a

critical role in evaluating and approving loan applications, ensuring sound risk management practices while supporting our clients financial needs.

 

1. Credit Analysis:

o Conduct thorough analysis of financial statements, cash flow projections, and credit reports to assess borrowers’

creditworthiness.

o Evaluate the financial health and operational performance of prospective borrowers.

2. Risk Assessment:

o Identify and analyze potential risks associated with lending decisions, particularly in asset-based lending.

o Assess collateral value and conduct due diligence on underlying assets.

3. Underwriting:

o Prepare comprehensive underwriting packages and recommendations for loan approvals or denials.

o Collaborate with the lending team to structure loans that meet the needs of clients while adhering to risk

guidelines.

4. Documentation:

o Review and ensure the accuracy of loan documentation, including terms, conditions, and covenants.

o Coordinate with legal to finalize loan agreements and ensure compliance with regulatory requirements.

5. Relationship Management:

o Build and maintain relationships with internal stakeholders, clients, and external partners.

o Communicate underwriting decisions and rationale to relevant parties clearly and effectively.

6. Market Research:

o Stay informed about industry trends, market conditions, and regulatory changes that may impact lending practices.

o Provide insights and recommendations to enhance underwriting processes and policies.

7. Reporting:

o Monitor loan performance and prepare periodic reports on portfolio quality and risk exposure.

o Present findings and recommendations to senior management and the investment committee.

 

Qualifications:

 Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.

 Minimum of 4+ years of experience in middle market credit underwriting, asset-based lending or commercial lending.

 Strong understanding of financial analysis, risk assessment, and collateral valuation.

 Proficiency in financial modeling and familiarity with underwriting software/tools.

 Excellent analytical skills with a keen attention to detail.

 Strong written and verbal communication skills.

 Ability to work independently and collaboratively.

 

Preferred Qualifications:

 Undergraduate degree or Master’s degree in Finance or an MBA.

 Experience in Asset Based Lending and working in a family office or non-bank lending environment.

Benefits:

 Competitive salary and performance-based bonuses.

 Comprehensive health, dental, and retirement plans.

 Hybrid / Flexible working arrangement