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NewtekOne (NASDAQ: NEWT) · 1 day ago

Commercial Credit Underwriter

United States

Full-time

Remote

Mid, Senior Level

$80K/yr - $130K/yr

7+ years exp

NewtekOne is a financial holding company that provides a wide range of business and financial solutions to the small- and medium-sized business market. The Commercial Credit Underwriter will conduct financial and credit analyses, review loan packages, and prepare detailed credit memorandums for presentation to the Credit Committee.

Financial Services

Responsibilities

Conduct financial and/or credit analyses, ensuring compliance with internal regulations

Conduct initial review of incoming loan packages by determining creditworthiness and compliance

Analyze loan files and review loan documents for completeness

Analyze financial statements to determine operating trends and viability of businesses

Review tax returns and additional credit information to assess borrower/guarantor net worth and potential

Prepare detailed analyses of historical property operations to make informed decisions about future performance

Prepare preliminary and final credit memorandum for presentation to Credit Committee

Research and investigate applicable industry and market data/trends

Coordinate and incorporate 3rd party reports into the credit analysis

Projects loan level cash flows based on potential resolution outcomes

Provide full credit memos containing accurate and complete credit analysis of the loan applicant

Analyze applicant's business operations, historical cash flow, balance sheet and financial condition, management structure, collateral, projections, and compare these elements to RMA

Prepare approval letters

Qualification

Underwriting ABL/FactoringCredit AnalysisFormal Bank Credit TrainingMicrosoft Office ProficiencyAnalytical SkillsRelationship ManagementOrganizational SkillsVerbal CommunicationWritten CommunicationDecision-Making Skills