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)

Key Responsibilities: Credit Analysis: Conduct thorough analysis of financial statements, cash flow projections, and credit reports to assess borrowers' creditworthiness. Evaluate the financial health and operational performance of prospective borrowers. Risk Assessment: Identify and analyze potential risks associated with lending decisions, particularly in asset-based lending. Assess collateral value and conduct due diligence on underlying assets. Underwriting: Prepare comprehensive underwriting packages and recommendations for loan approvals or denials. Collaborate with the lending team to structure loans that meet the needs of clients while adhering to risk guidelines. Documentation: Review and ensure the accuracy of loan documentation, including terms, conditions, and covenants. Coordinate with legal to finalize loan agreements and ensure compliance with regulatory requirements. Relationship Management: Build and maintain relationships with internal stakeholders, clients, and external partners. Communicate underwriting decisions and rationale to relevant parties clearly and effectively. Market Research: Stay informed about industry trends, market conditions, and regulatory changes that may impact lending practices. Provide insights and recommendations to enhance underwriting processes and policies. Reporting: Monitor loan performance and prepare periodic reports on portfolio quality and risk exposure. 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