NewtekOne
Director of Underwriting
USA · Director
Sponsorship not specified$180k-$230kDetected 4 days ago
Business DevelopmentAccountingLeadershipCommunicationCollaborationPublic SpeakingAccounts PayableUnderwritingCFA
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About the role
- Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk.
- The Director oversees a team of Credit Managers and is accountable for underwriting quality, workflow efficiency and production, policy adherence, and talent development.
- Salary range: $180,000 to $230,000 annually.
Responsibilities
- Lead, mentor, and develop a team of Credit Managers responsible for reviewing and presenting SBA, Commercial Real Estate (CRE), and Commercial & Industrial (C&I) credit requests and managing underwriters.
- Manage staffing, workflow allocation, succession planning, and employee development initiatives.
- Manage underwriting pre-qualification process, pipeline and production.
- Maintain consistency in underwriting quality, documentation, and risk assessment across all commercial loan types.
- Partner with the Deputy Chief Credit Officer to monitor portfolio quality, underwriting trends, policy exceptions, concentration risk, and emerging credit issues across the commercial portfolio.
- Support the development and implementation of enterprise credit risk initiatives and underwriting best practices.
- Collaborate with Portfolio Management, Loan Operations, and Credit Administration to ensure seamless execution throughout the loan lifecycle.
Requirements
- Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field required.
- Minimum of 10 years of progressive commercial banking credit underwriting experience, including significant experience with SBA, Commercial Real Estate (CRE), and Commercial & Industrial (C&I) lending.
Nice to have
- Master's degree in Business Administration (MBA), Finance, Accounting, or a related discipline preferred.
- Formal commercial credit training through a recognized banking or financial services program is preferred.
Skills
- Newtek's and its subsidiaries' business and financial solutions include:
- Minimum of 5 years of leadership experience managing commercial underwriting or credit teams.
- Demonstrated expertise in analyzing complex commercial credit relationships across multiple industries and lending structures.
- Thorough knowledge of commercial banking regulations, lending compliance requirements, and sound credit administration practices.
- Demonstrated ability to balance prudent credit risk management with strategic loan growth objectives in a fast paced environment.
- Exceptional leadership, communication, decision-making, and relationship management skills.
Compensation
- $180,000 to $230,000 annually.
Benefits
- Strong understanding of commercial financial statement analysis, global cash flow, debt service coverage, collateral analysis, loan structuring, guarantor analysis, and commercial risk assessment.
Equal opportunity
- NewtekOne is an Equal Opportunity Employer; M/F/D/V.
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