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DLP Bank · 1 month ago

Senior Commercial Loan Underwriter

St Augustine, FL

Full-time

Onsite

Senior Level

6+ years exp

DLP Bank is seeking a Senior Commercial Loan Underwriter to lead the underwriting for loans, particularly in residential CRE project types. The role involves comprehensive underwriting analyses, assisting with valuation and execution analysis, and mentoring junior underwriters as the bank expands its lending platform.

BankingCommercial LendingFinancial ServicesLendingMortgage

Responsibilities

Play an integral part of the Bank Credit team and provide direct support to the Chief Credit Officer, mentor junior team members, while remaining a resource to the Loan Officers, Portfolio Managers and other Operating departments

Maintain a “first contact point,” of the pipeline and quickly provide support on loan sizing based on projected cash flows and estimated valuation. Help to develop loan structures that mitigate risk including covenants, guarantees, collateral packages, and reporting requirements

Lead comprehensive underwriting analyses of Borrowers and Guarantors to ensure loans meet credit and regulatory standards. Perform comprehensive review of projections and related credit statistics in consideration of historical performance, budgets, industry/market data, and appraisals and other third party reports. Craft analytical narratives highlighting the Borrower's ability to perform and exit

Conduct global cash flow analyses of owners/guarantors in order to determine aggregate cash flows and their related ability to support a subject loan

Review and validate third party reports (appraisals, environmental, field exams, PCRs, etc)

Participate in Credit Committee meetings and provide written support toward actionable recommendations

Continuously provide feedback and suggestions on ways that DLP Bank can improve its processes and procedures

Establish, and execute on, meaningful goals for personal performance and achievements along with company-wide initiatives

Qualification

CRE underwritingCredit analysisFinancial modelingBank lending experienceLending regulationsDue diligenceFinancial statement analysisTeam leadership

Required

Bachelor's degree in finance, economics, business, or a related field

6-10+ years experience in bank lending, private credit, or credit underwriting with experience in multifamily lending

Strong credit analysis skills such as analyzing financial statements, conducting due diligence, and evaluating the financial health of owner/operator or developers organization

Experience in understanding lending regulations, disclosure requirements, and compliance frameworks

Experience leading and training credit analysts

Proficiency in financial modeling to include building financial models, conducting sensitivity analysis, and stress testing assumptions