U.S. Bank
Asset Based Finance Senior Underwriter
U.S. Bank, Charlotte, North Carolina, United States, 28245
Overview
Underwriter position focusing on credit underwriting and review of prospects and/or existing client relationships for U.S. Bank Asset Based Finance. The Underwriter is an experienced credit professional capable of independent activity on complex credit transactions and works in a team with business development officers, relationship managers, portfolio managers and product partners. Responsible to develop, structure, analyze, covenant, document, close and fund asset-based transactions. Interfaces directly with clients and prospects, financial sponsors and/or financial intermediaries. The Underwriter must understand U.S. Bank and Asset Based Finance credit policies to identify and resolve issues during underwriting, documentation and closing processes. The role requires exceptional analytical and organizational skills with the ability to multi-task and adapt to changing priorities, along with strong credit, interpersonal and written communication skills. Transactions range from sole bank financings to agented and participation roles in large syndicated facilities. Responsibilities
Determine the creditworthiness of prospective clients by analyzing financial statements, projections, appraisals, management interviews, and cash flows and balance sheet details. Prepare credit memos clearly and concisely and present recommendations to senior approvers balancing marketability with prudent risk management. Negotiate terms and conditions for complex transactions and collaborate with deal teams to ensure appropriate documentation. Identify critical transactional and structural risks and propose structuring alternatives to mitigate those risks. Ensure compliance with all policy and regulatory requirements. Independently manage workflow to balance competing priorities and meet deadlines. Contribute to other projects and process improvements as requested, including prospect review and analysis. Qualifications
Bachelor's or Master's degree in finance, accounting or related field 10+ years of banking experience 5 years of ABL or Commercial Underwriting experience (preferred) Strong leadership, strategic management, verbal and written communication, analytical, decision-making and problem-solving skills Thorough knowledge of division and industry relations Good tact, diplomacy and people skills Benefits
Healthcare (medical, dental, vision) Basic and optional term life insurance Short-term and long-term disability Pregnancy disability and parental leave 401(k) and employer-funded retirement plan Paid vacation and up to 11 paid holidays Adoption assistance Sick and Safe Leave accruals U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law. E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program where applicable. Learn more about the E-Verify program. The salary range reflects figures based on the primary location listed first. Actual range may differ by location. Pay Range: $159,970.00 - $188,200.00. The role may include incentive and other benefits subject to eligibility. Posting may be closed earlier due to high volume of applicants.
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Underwriter position focusing on credit underwriting and review of prospects and/or existing client relationships for U.S. Bank Asset Based Finance. The Underwriter is an experienced credit professional capable of independent activity on complex credit transactions and works in a team with business development officers, relationship managers, portfolio managers and product partners. Responsible to develop, structure, analyze, covenant, document, close and fund asset-based transactions. Interfaces directly with clients and prospects, financial sponsors and/or financial intermediaries. The Underwriter must understand U.S. Bank and Asset Based Finance credit policies to identify and resolve issues during underwriting, documentation and closing processes. The role requires exceptional analytical and organizational skills with the ability to multi-task and adapt to changing priorities, along with strong credit, interpersonal and written communication skills. Transactions range from sole bank financings to agented and participation roles in large syndicated facilities. Responsibilities
Determine the creditworthiness of prospective clients by analyzing financial statements, projections, appraisals, management interviews, and cash flows and balance sheet details. Prepare credit memos clearly and concisely and present recommendations to senior approvers balancing marketability with prudent risk management. Negotiate terms and conditions for complex transactions and collaborate with deal teams to ensure appropriate documentation. Identify critical transactional and structural risks and propose structuring alternatives to mitigate those risks. Ensure compliance with all policy and regulatory requirements. Independently manage workflow to balance competing priorities and meet deadlines. Contribute to other projects and process improvements as requested, including prospect review and analysis. Qualifications
Bachelor's or Master's degree in finance, accounting or related field 10+ years of banking experience 5 years of ABL or Commercial Underwriting experience (preferred) Strong leadership, strategic management, verbal and written communication, analytical, decision-making and problem-solving skills Thorough knowledge of division and industry relations Good tact, diplomacy and people skills Benefits
Healthcare (medical, dental, vision) Basic and optional term life insurance Short-term and long-term disability Pregnancy disability and parental leave 401(k) and employer-funded retirement plan Paid vacation and up to 11 paid holidays Adoption assistance Sick and Safe Leave accruals U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law. E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program where applicable. Learn more about the E-Verify program. The salary range reflects figures based on the primary location listed first. Actual range may differ by location. Pay Range: $159,970.00 - $188,200.00. The role may include incentive and other benefits subject to eligibility. Posting may be closed earlier due to high volume of applicants.
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