Senior Underwriter – VP

Description

Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients’ needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.

What makes Peapack-Gladstone Bank different from our competition? We are an institution that’s over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the sixth consecutive year, by American Banker as one of the ‘Best Bank to Work For’ across the nation. Our secret sauce in one word is our ‘culture’. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.

There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women – Leading Inspiring Females Together). Said quite simply, the culture is amazing!

Senior Underwriter Position Summary:

Responsible for structuring, underwriting and ongoing monitoring of commercial real estate loans, including multi-family loans. Evaluate and determine the credit risks of the more complex and/or specialized commercial real estate clients through detailed financial statement and cash flow analysis, the ability to repay annual debt service, collateral valuations, and sensitized pro-forma analysis.

Responsibilities:

• Spread and analyze business and personal financial statements; prepare projections; evaluate information; determine appropriate structure and prepare written presentations using current financial information and all other pertinent data. Proactively identify credit risks and suggest structures to mitigate risk

• Perform due diligence on prospective clients in order to obtain information used in the preparation of analysis

• Conduct industry analysis, market analysis, property inspections (if necessary), risk rating and stress testing in the preparation of written credit analysis

· Active participation in meetings with Private Bankers, clients, potential clients and Credit Risk Management Leadership to structure loans and discuss commercial credit proposals

• Monitor assigned portfolio to ensure proper risk ratings and that all required period reviews are completed timely

• May train/mentor/coach credit analysts and/or Underwriter I

Qualifications:

5 years related experience required

Bachelor’s Degree (Business, finance or accounting preferred)

Ability to analyze balance sheets, income statements, and cash flow information

Ability to analyze personal financial information as presented by Credit Bureaus

Working knowledge of Microsoft Access & Outlook, Word, Excel, Co-Star, and Moody’s

Excellent verbal, written communication, and interpersonal skills

Able to read, write, and speak English well

Able to deal effectively, tactfully, and courteously with customers, visitors, and the personnel of other departments

Strong understanding of loan risk factors

Demonstrated knowledge of credit and financial analysis techniques

Ability to independently analyze and summarize financial information to provide well considered credit recommendations

Ability to multi-task and meet deadlines

Ability to maintain confidentiality of information

Benefits

Peapack-Gladstone Bank offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)