U.S. Bank
Overview
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Asset Based Finance Senior Underwriter
role at
U.S. Bank At U.S. Bank, we’re on a journey to do our best. Helping customers and businesses make better and smarter financial decisions and enabling communities to grow are part of our mission. A career with U.S. Bank offers opportunities to discover what makes you thrive at every stage of your career. Job Description The Underwriter focuses 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. The role works in a team with business development officers, relationship managers, portfolio managers and product partners and is 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 (including outside accountants, legal counsel, appraisers, field examiners, etc.). 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 candidate should have exceptional analytical and organizational skills with the ability to multi-task and manage 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 credit facilities. Essential Responsibilities: Determine the credit worthiness of prospective clients by analyzing financial statements, projections, appraisals, interviewing the prospective client’s management team and analyzing and obtaining a detailed understanding of the client’s cash flows and balance sheet. Prepare credit memos in a clear and concise manner and present recommendations to senior approvers that balance marketability with prudent risk management. Negotiate appropriate terms and conditions for complex transactions and work with deal teams to ensure appropriate documentation is in place. 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 ensure deadlines are met. Other projects and assignments as requested including prospect review and analysis and process improvement initiatives. The Underwriter is responsible for underwriting new business transactions by conducting industry and company research; analyzing financial statements and preparing complete and accurate initial credit memorandums for informed decisions related to asset based lending opportunities. The Underwriter will work closely with ABF Senior Underwriters, ABF Senior Management and ABF Business Development Officers to ensure credit decisions are properly analyzed and documented and that the credit function complies with Bank and regulatory policies. Basic Qualifications Bachelor's or Master's degree in finance, accounting or other related field 10 or more years of banking experience Preferred Skills/Experience 5 years of ABL or Commercial Underwriting experience Strong leadership abilities and strategic management skills Thorough knowledge of division and relation to industry Excellent verbal and written communication skills Excellent analytical, decision-making and problem-solving skills Considerable tact, diplomacy and people skills If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants. Benefits Healthcare (medical, dental, vision) Basic term 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 (from two to five weeks depending on salary grade and tenure) Up to 11 paid holiday opportunities Adoption assistance Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law 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 in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program. The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package. Pay Range: $159,970.00 - $188,200.00 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. Background checks are conducted consistent with applicable local laws and FDIA requirements. Some positions may be subject to FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or other federal guidelines. Applicants must comply with U.S. Bank policies including the Code of Ethics and Business Conduct. Note : Posting may be closed earlier due to high volume of applicants.
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Join to apply for the
Asset Based Finance Senior Underwriter
role at
U.S. Bank At U.S. Bank, we’re on a journey to do our best. Helping customers and businesses make better and smarter financial decisions and enabling communities to grow are part of our mission. A career with U.S. Bank offers opportunities to discover what makes you thrive at every stage of your career. Job Description The Underwriter focuses 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. The role works in a team with business development officers, relationship managers, portfolio managers and product partners and is 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 (including outside accountants, legal counsel, appraisers, field examiners, etc.). 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 candidate should have exceptional analytical and organizational skills with the ability to multi-task and manage 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 credit facilities. Essential Responsibilities: Determine the credit worthiness of prospective clients by analyzing financial statements, projections, appraisals, interviewing the prospective client’s management team and analyzing and obtaining a detailed understanding of the client’s cash flows and balance sheet. Prepare credit memos in a clear and concise manner and present recommendations to senior approvers that balance marketability with prudent risk management. Negotiate appropriate terms and conditions for complex transactions and work with deal teams to ensure appropriate documentation is in place. 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 ensure deadlines are met. Other projects and assignments as requested including prospect review and analysis and process improvement initiatives. The Underwriter is responsible for underwriting new business transactions by conducting industry and company research; analyzing financial statements and preparing complete and accurate initial credit memorandums for informed decisions related to asset based lending opportunities. The Underwriter will work closely with ABF Senior Underwriters, ABF Senior Management and ABF Business Development Officers to ensure credit decisions are properly analyzed and documented and that the credit function complies with Bank and regulatory policies. Basic Qualifications Bachelor's or Master's degree in finance, accounting or other related field 10 or more years of banking experience Preferred Skills/Experience 5 years of ABL or Commercial Underwriting experience Strong leadership abilities and strategic management skills Thorough knowledge of division and relation to industry Excellent verbal and written communication skills Excellent analytical, decision-making and problem-solving skills Considerable tact, diplomacy and people skills If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants. Benefits Healthcare (medical, dental, vision) Basic term 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 (from two to five weeks depending on salary grade and tenure) Up to 11 paid holiday opportunities Adoption assistance Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law 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 in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program. The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package. Pay Range: $159,970.00 - $188,200.00 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. Background checks are conducted consistent with applicable local laws and FDIA requirements. Some positions may be subject to FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or other federal guidelines. Applicants must comply with U.S. Bank policies including the Code of Ethics and Business Conduct. Note : Posting may be closed earlier due to high volume of applicants.
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