Job Description

We are seeking an experienced Senior Loan Underwriter to join the Credit team of a financial institution in the Bronx. This individual will be responsible for underwriting complex commercial loans, managing an existing loan portfolio, evaluating credit risk, and overseeing a team of underwriters and loan processors.

Key Responsibilities:

• Underwrite and analyze commercial loan transactions, including C&I, construction loans, permanent mortgages, asset-based lending, SBA loans, and other credit facilities
• Evaluate borrower and guarantor financials, cash flow, repayment capacity, and overall creditworthiness
• Prepare credit proposals and present recommendations to Loan Committee and senior management
• Analyze financial statements, accounts receivable aging, borrowing base certificates, and collateral positions
• Perform financial forecasting, cash flow analysis, and debt service coverage assessments
• Manage an existing commercial loan portfolio, including annual credit reviews, renewals, and amendments
• Monitor portfolio performance and identify potential credit risks or deteriorating financial trends
• Collaborate with loan processing, closing, and other internal teams to facilitate transactions
• Supervise, train, and develop a team of underwriters and loan processors
• Ensure adherence to internal credit policies, regulatory requirements, and underwriting standards

Qualifications:

• Minimum 8 years of commercial loan underwriting experience
• Experience underwriting C&I, construction loans, permanent mortgages, asset-based lending, letters of credit, SBA 7(a) and 504 loans, and nonprofit lending
• Experience underwriting transactions up to $60MM
• Strong financial statement analysis, cash flow modeling, and credit risk assessment skills
• Experience working with middle-market borrowers, including businesses with annual revenues up to $100MM
• Prior experience supervising and developing underwriting teams
• Strong understanding of commercial lending regulations, credit policies, and portfolio management
• Experience working cross-functionally with credit, lending, and loan operations teams
• Bachelor's degree in Finance, Accounting, Economics, Business, or a related field
• MBA or Master's degree preferred

Ascendo is a certified minority owned staffing firm, and we welcome and celebrate diversity.Ascendo is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, parental status, military service or any other characteristic protected by federal, state or local law.

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