Modern Bank, N.A. · 2 weeks ago
Vice President - Underwriting & Portfolio Management
New York, NY
Full-time
Onsite
Senior Level, Lead/Staff
$140K/yr - $160K/yr
8+ years expModern Bank, N.A. is seeking an accomplished Vice President to join their Credit Underwriting and Portfolio Management team. This role involves advanced credit underwriting and active portfolio management for Commercial & Industrial loans, requiring expertise in analyzing complex transactions and assessing financial projections.
CreditFinancial Services
Responsibilities
Perform the underwriting of new C&I et al loan transactions, including revolvers, term loans, and structured credit facilities
Prepare comprehensive credit memoranda including financial analysis and cash flow projections, assessment of collateral and enterprise value, as well as covenant structures
Conduct in-depth borrower and guarantor due diligence including interaction with stakeholders, site visits, and industry/market/competitive research
Assess and mitigate credit risks and assign accurate risk rating/loan classification, ensuring compliance with internal policies and procedures, regulatory standards, and the Bank’s risk appetite
Proactively manage an assigned loan portfolio depending upon the risk profile of the borrower and other credit parties, ensuring timely compliance with credit terms, covenants, and collateral
Monitor borrower performance, verify borrowing base as applicable, financial and compliance reporting, collateral and enterprise value coverage, to identify early any credit deterioration
Manage renewals, amendments, waivers, and restructurings in collaboration with relationship managers, credit approvers, and legal counsel
Proactively assign accurate and timely risk ratings and loan classifications
Perform timely quarterly and annual reviews with clear risk assessments
Contribute to regular portfolio and market reviews
Present new credit requests and any requests on existing credits in line with Bank policy to the credit committees with concise, well-supported recommendations
Collaborate with senior management, relationship managers, compliance, operations, and other internal teams to ensure onboarding, closing, documentation, and ongoing portfolio management functions
Ensure all underwriting and portfolio management activities align with internal credit policies, regulatory requirements, loan review, and audit standards
Qualification
Required
Bachelor's degree in Finance, Accounting, Economics, or related field
Minimum eight years in commercial lending, credit underwriting, and portfolio management
Strong command of financial statement analysis, GAAP, UCC, collateral valuation, and covenant frameworks
Advanced proficiency in Excel, Word, and financial modeling
Superior communication and presentation skills, with the ability to distill complex information into clear, actionable insights
Preferred
MBA or CFA preferred
ABL and other asset-based experience a plus
Proficiency in borrowing base analysis, collateral audits, and field exams a plus
Benefits
Comprehensive medical, dental, and vision coverage
401(k) with employer contribution
Generous paid time off, plus holidays and personal days
Life and disability insurance provided
Ongoing training, career development, and advancement opportunities
Company
Modern Bank, N.A.
Modern Bank N.A., doing business as Modern Banking Group (MBG), is a privately-owned commercial wholesale bank that provides financing and banking solutions to companies across a wide variety of industries, and commercial real estate financing to sponsors.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Valerie Swaya, CAMS
Chief Compliance Officer/BSA Officer, CAMS
Recent News
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