For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people.
Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail.
We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us.
We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.
Job Description
• Underwrite new lending facilities primarily for C&I team.
• Must have experience with account receivable and inventory financing.
• Complete renewals, annual credit reviews and amendments on a timely basis for assigned borrowers.
• Monitor and report all deterioration in credit quality to the underwriting manager, team leader, and group head.
• Prepare loan pricing models with accurate inputs relating to the subject facility.
• Assist in reviewing loan documentation, negotiation and follow through to the closing.
• Attend client meetings with the account officers, calling on prospects and customers to identify needs, aid with new business development and facility structuring.
• Comply with all of the bank’s and department’s policies and procedures.
• Work on special projects as assigned.
• Complete all required training courses in a timely fashion.
Qualifications
Underwriter needs to have strong credit and organizational skills as well as solid understanding of middle market C&I credit facilities including lines of credit, account receivable reliant loans, owner occupied CRE facilities and credit process.
Minimum experience of 3 to 5 years in underwriting required. Must be able to work as part of the Middle Office team working together with Underwriting Manager, Account Officers, Team Leader and Senior Management Willingness to take on special projects as they arise.
Should already be familiar with systems and underwriting processes Should possess strong communication skills (verbal and written) Ability to work in a collaborative environment and meet tight deadlines Bachelor’s degree in a related field required
Additional Information
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification.
They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.
All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
All your information will be kept confidential according to EEO guidelines.
Due to COVID-19, most of our employees are working remotely.
We have implemented a virtual hiring process and continue to interview applicants by phone or video and are onboarding new hires remotely.
We value the safety of our employees because we’re all in this together.