NCBDC - Commercial Loan Underwriter

Nature & Scope: This purpose of this position is to analyze new exposures to existing and new borrowers as assigned by RM or as a result of BDO work. Basic criteria for this position are:Has analysis and some underwriting experience; needs "time in the position" and exposure to different types of deals and markets to gain sufficient experience to anticipate what the questions/risks are that need to be solved for and result in an appropriately structured transaction.Responsibilities Include: NCBDC's markets and mission are unique in the level of patience and assistance borrowers may need in understanding the technicalities and requirements of borrowing. Passion for NCBDC's mission and flexibility, combined with traditional financial analysis experience, will be needed to carry out the key tasks and responsibilities of this position.
1. New Loan Analysis (50%):
Underwriter will be proficient, or become proficient, in spreading financial statements in Moody's, developing financial projections, and effectively communicating, in both written and verbal format, the assumptions and result of the analysis of financial performance, condition, cash flow and ability to repay per the loan terms. The Underwriter, through some assistance and guidance, will also be able to identify loan risks and mitigants, evaluate borrower management, describe the scope of the project and its collateral. Underwriter should be able to accompany senior staff on site visits, be involved in borrower discussions, and attend appropriate conferences to become knowledgeable in the markets in which NCBDC lends.
2. Current Customer Reviews (30%):
Underwriter should understand the NCBDC risk rating system and be able to, with minimum assistance, be able to complete annual loan reviews for loans that NCBDC manages. These reviews will either be assigned by the RM or portfolio manager or be part of the Underwriter's portfolio of loans. Thorough reviews require knowledge of the market segment, awareness of local political and economic environment, discussions with borrower, and regular calls/follow-ups with the borrower throughout the year that the U will need to solve for through discussions with RMs, BDOs and supervisors.
3. Covenant Testing (10%):
Underwriter will be responsible for evaluating each borrower's compliance with financial covenants set forth in loan documents on a quarterly and/or annual basis. To do this, the Underwriter will need to understand the technicalities of calculating compliance and the significance of compliance or non-compliance.
4. Customer Interaction and Reporting (10%):
Underwriter will be comfortable and have experience in interacting with customers to effectively communicate the needs of NCBDC and answer the questions of the borrower. Underwriter will need to be able to document calls, amendments, etc. in the Lotus Notes system and make sure that servicers receive appropriate information for covenant tracking, etc.
REQUIREMENTS
Minimum Qualifications: A bachelor's degree in a business related field (accounting, finance, etc.), a working knowledge of computer business applications (word processing and spreadsheet), and 3 to 5 years experience in a credit analyst role