Wealth Specialty Finance Underwriter

Role Overview

• Spearhead financial analysis and due diligence around UHNW sponsors; distill complex credit situations into key risks/mitigants and clear and concise underwriting memos for consumption by senior leaders and credit-risk decision makers;
• Develop subject matter expertise in the LIPF space to ensure seamless presentation and analysis of key sponsor and collateral considerations.
• Lead loan structuring and as well as negotiations of legal documentation of loan transactions with outside counsel;
• Ensure compliance with company/regulatory policies and procedures;
• Manage a loan portfolio to ensure loan performance and compliance with key financial reporting and covenant requirements, premium funding/draw schedules, maintenance of risk rating accuracy, and escalation of any developing issues.
• Manage on-going relationships with internal business partners including Custom Credit Bankers, Relationship Managers and leaders across product and relationship teams as well as borrowing clients and their family office personnel.
• Lead complex initiatives including those that are cross-functional with broad impact and act as a key participant in large-scale planning for Wealth Underwriting.
• Review, analyze, and evaluate complex challenges related to multi-faceted, larger scale high-net-worth loans structures, existing portfolio issues, and complex business, operational, or technical challenges that require an in-depth evaluation of multiple factors including intangible or unprecedented factors, present recommendations for resolution.
• Make decisions on complex and multi-faceted credit risk management issues to ensure satisfactory credit portfolio risk examinations requiring solid understanding of Wealth Underwriting functional area policies, procedures, regulations, and compliance requirements that influence and lead the Wealth Underwriting team to meet deliverables and drive new initiatives.
• Strategically collaborate and consult with Wealth Underwriting peers, colleagues, and mid-level to senior level managers to resolve issues and achieve goals; serve as a peer mentor.
• Partner with Custom Credit Banker and Financial Advisor to provide guidance on due diligence, credit, and loan document negotiations with clients.

Requirements

• 5+ years of Wealth Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Thorough knowledge of financial accounting theory and logic, financial statement analysis, loan structuring and commercial banking products and services.
• Good credit skills including an ability to structure, negotiate, and document a broad range of loan types, structures and complex requests.
• Strong interpersonal, communication, writing and partnering skills.
• Ability to make sound, independent business and credit decisions.
• A background in wealth or commercial lending/underwriting is preferred.
• Familiarity with esoteric collateral asset classes including, but not limited to illiquid/concentrated stock, aircraft, unsecured, life insurance, alternative assets, art, etc. is a plus
• especially LIPF experience.
• Experience in capital markets, commercial/corporate/investment banking, commercial real estate lending or similar is desired.

Benefits

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement