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Senior Underwriting Officer, VP - Signature Financial LLC

Company: Signature Bank
Location: Melville
Posted on: November 23, 2022

Job Description:

_ Did you know? Signature Bank has appeared on Forbes' Best Banks in America list for over ten years and was recently selected to become part of the prestigious S & P 500! __Now is the perfect time to join our winning team! Signature Bank, member FDIC, was founded in 2001 as a full-service commercial bank with private client offices throughout the New York metropolitan area. In 2018, the Bank expanded its footprint to the West Coast with the opening of its first full-service private client banking office in San Francisco, and we continue to expand! The Bank's growing network of private client banking teams serves the needs of privately owned businesses, their owners and senior managers. Signature Bank offers a wide variety of business and personal banking products and services._ What you should know about the Senior Underwriting Officer VP role: In this position, you will be responsible for underwriting and risk assessment of commercial lease and loan transactions by preparing underwriting analysis and transactions, and approve transactions within assigned credit authority In this role, your primary responsibilities will include: Preparation of comprehesive Credit Offering Memoranda covering key aspects of financial and credit risk elements, obligor credit profile, etc., includingdetermination of a dual risk rating. Communicate with internal or external sources to request specific information required for analysis, as directed by the Managing Underwriter Reviewing the transaction terms and conditions of proposed credit offerings up to $10MM. Reviewing the strength and experience of new and existing obligors Preparing and financial statement spreads in Moody's CreditLens and revewing the adequacy of supporting financial information and the need to obtain additional and/or more current financial data Reviewing key financial results, ratios and transaction structure elements including the adequacy of the debt service coverage and loan to value. Identifying any other missing informaton or inquiries Reviewing compliance with Bank and SF policies Make recommendations toward final disposition of transactions outside of credit authority, as applicable Has and uses credit authority, including revieweing and approving junior level credit actions as permitted with SF Equipment Policy Prepare Annual Reviews Mentors and assists junior underwriting staff Assist with departmental duties as directed by their supervisor To be successful, your background should match these qualifications: Bachelor's degree from a four year college or university required Minimum 5 years foundational experience Prior credit authority preferre Concentration in Accounting and/or Finance preferred, and required for applicants with no prior relevant work experienc Credit analysis and financial statement analysis experience required Moody's Risk Analyst/CreditLens Software a plus We offer an amazing employee benefit package, including: A generous BONUS program with eligibility for all employees Comprehensive health benefits, including vision and dental options, and huge HSA contributions An award winning wellness program, with employee payments in several categories! Tuition reimbursement up to $10,000 annually 401K with company match and immediate vesting Pet Insurance Parental leaves And the list goes on! Compensation: Signature Bank offers a base salary in this position with a range of $119,100 - $151,800 dependent on qualifications and experience. In addition, there is an annual bonus plan that is paid based on merit and performance in the role._ For those candidates applying to locations in San Francisco: Signature Bank will consider for employment qualified applicants with criminal histories consistent with San Francisco Fair Chance Ordinance and federal laws applicable to Signature Bank.__View available Careers with Signature at _We are an Equal Opportunity Employer.__We do not sponsor work visas._Job Type: Full-timePay: $119,100.00 - $151,800.00 per yearBenefits: 401(k) Dental insurance Health insurance Paid time off Vision insuranceSchedule: Monday to FridaySupplemental pay types: Bonus payAbility to commute/relocate: Melville, NY 11747: Reliably commute or planning to relocate before starting work (Required)Work Location: Hybrid remote in Melville, NY 11747

Keywords: Signature Bank, New Haven , Senior Underwriting Officer, VP - Signature Financial LLC, Executive , Melville, Connecticut

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