U.S. Bank
Overview
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 the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Essential Responsibilities
Determine the credit worthiness of prospective clients by analyzing financial statements, projections, appraisals, meeting and interviewing the prospective client’s management team and analyzing and obtaining a detailed understanding of the prospective 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 appropriate structuring alternatives to mitigate those risks. Ensure compliance with all policy and regulatory requirements. Independently manage workflow to balance competing priorities and ensure all 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 so informed decisions can be made 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 that credit decisions are properly analyzed and documented and that the credit function is in compliance 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 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. 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 the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Essential Responsibilities
Determine the credit worthiness of prospective clients by analyzing financial statements, projections, appraisals, meeting and interviewing the prospective client’s management team and analyzing and obtaining a detailed understanding of the prospective 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 appropriate structuring alternatives to mitigate those risks. Ensure compliance with all policy and regulatory requirements. Independently manage workflow to balance competing priorities and ensure all 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 so informed decisions can be made 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 that credit decisions are properly analyzed and documented and that the credit function is in compliance 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 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. Posting may be closed earlier due to high volume of applicants.
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