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Find Meaningful Work

Commercial and Non-Profit Lending Underwriter job in Washington

Amalgamated Bank jobs
Other, Washington
Company Type:  Certified B Corporation
Industry:  Banking
Employment:  Full-time
Impact Area:  Financial Wellness
Company Name:  Amalgamated Bank

Location
Country:  United States
State / Province:  Other
City:  Washington
Map: 

Description


Amalgamated
Bank seeks a highly motivated professional to work full-time in our Washington
DC office to support the underwriting of our mission driven loans to
institutions that are values aligned and include foundations, unions, world
health organizations, affordable housing, social advocacy and social services
institutions, sustainability related projects and companies, political
campaigns and B-corporations and progressive companies.



 



Primarily,
this position will support various business development officers in the
origination and execution of new loans.  The underwriter will work closely
with the origination team and credit risk management in reviewing and analyzing
financial statement reports, conducting due diligence, helping structure the
transaction, assessing credit risk ratings, preparing deal screen
presentations, writing credit approval memorandums, presenting recommendations
to credit committee and monitoring and managing the credit portfolio.



 



Essential
Job Functions:



 



  • Complete a
    thorough, in-depth analysis of new credit request in a timely basis. 

  • Maintain good
    working knowledge of the Bank’s lending policies and procedures and identify
    exceptions to credit policy.

  • Determine the
    proper risk rating for all facilities in accordance with credit policy
    guidelines.  

  • Attend meetings
    and/or conference calls on transactions, lead due diligence discussions and
    develop deal indicative term sheets and deal screen presentations.

  • Structure
    transactions appropriately that meet client’s needs and bank’s requirements.

  • Prepare
    comprehensive credit memorandums that provide rationale, opinions and
    recommendations regarding proposed loans.  Assist in presentation of
    transactions to credit committee in support of approval.

  • Negotiate terms
    and review loan documentation for all underwritten or managed credits, prepared
    by internal or external counsel.

  • Assist in annual
    review process as needed.




















Knowledge,
Skills and Experience Requirements
:



 



  • Bachelor’s degree

  • Minimum of five
    (5) years of underwriting and account management experience, preferably within
    a commercial banking/middle market lending environment

  • Highly proficient
    with financial modeling, simulations and Microsoft Office

  • Excellent
    financial analysis skills, including understanding financial data, e.g. balance
    sheets, income statements, cash flow statements, financial rations, etc.

  • Completion of a
    formal Bank Credit Training program highly preferred

  • Strong verbal,
    written, inter-personal, and public presentation skills

  • Proven
    organizational skills; able to work independently and be detail oriented and
    thorough

  • Ability to work
    well on a team with different personalities, adjust quickly to various work
    situations, and remain composed under pressure/in stressful situations

  • Ability to work
    on multiple transactions simultaneously and prioritize assignments to meet
    deadlines





Amalgamated Bank is an Equal
Opportunity
and Affirmative Action Employer,
Minorities / Females / Individuals with Disability / Veterans




AmeriCorps, Peace Corps
and other national service alumni are encouraged to apply




View our Pay
Transparency Statement
.




Submission of a resume
or any information regarding your qualifications does not constitute a promise
or offer of employment. At Amalgamated Bank, we consider an applicant to be
someone who has interviewed at least once, in person, with the hiring manager.

























ref: (SB_8160)
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