Metropolitan Commercial Bank
Credit Underwriter, Commercial Real Estate (CRE)
Metropolitan Commercial Bank, New York, New York, us, 10261
Come work with us:
Metropolitan Commercial Bank (the "Bank") is a New York City based full-service commercial bank that provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities and local government entities. The Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.
The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).
For more information, please visit the Bank's website at MCBankNY.com.
Metropolitan Commercial Bank was named one of Newsweek's Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. The Bank finished ninth in S&P Global Market Intelligence's annual ranking of the best-performing community banks with assets between $3 billion and $10 billion for 2022 and eighth among top-performing community banks in the Northeast region for 2022.
About the role:
The Credit Underwriter (AVP) is responsible for undertaking and presenting robust credit risk analysis in support of relationship-led loan requests from our Commercial Real Estate (CRE) team. The role will focus on CRE (e.g. Multi-Family, Mixed-Use, Office, Industrial, Retail, Hospitality, Charter Schools, Construction) with an emphasis on transitional loans, leading underwriting for straight forward loans and with senior support provided for the more complex transactions.
Duties and responsibilities of the job include the following (but is not limited too):With limited supervision, undertaking financial and credit risk analysis for borrowers and guarantors in a timely manner; including financials, projections, global cash flows, REO schedule, industry/market, structure, and terms.Demonstrating understanding of credit risks and mitigants, presenting analysis and risk rating recommendation clearly and concisely in risk focused credit proposals for submission to the FVP Credit/Deputy CCO for review.Analyze third party appraisals, challenge appraiser assumptions and sensitize in your credit analysis.Work closely and proactively with Lending Officers throughout the transaction process, ensuring financials are complete, accurate and received in a timely manner. Attend client meetings and/or site visits as appropriate.In partnership with the Lending Officers, ensure all credit related questions from the approval authority are addressed efficiently and effectively.Undertake annual review of loans ensuring performance in line with plan. Escalate any performance concerns, covenant issues and/or proposed risk rating downgrades.Willingness to develop good understanding of compliance, regulations, and the Bank's commercial lending policies.Assisting in the completion of various monthly, quarterly or ad hoc reports as necessary.Assisting in gathering information required by Bank examiners and internal audit.Preferred experience, education, and qualifications:
Bachelor's degree in Business, Accounting or Finance; or equivalent experienceMinimum 3 years in credit related field, preferably in a banking environmentStrong analytical / financial modeling skillsExcellent written and verbal communication skillsGood interpersonal skills; work collaboratively and with integrity with key internal and external stakeholders.Strong team player with desire to grow and assume additional responsibilities.Working knowledge of all MS Office Suite products and appetite to learn core database management programs
Potential Salary: $110,000 - $145,000 annually
This salary range only reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law.
Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
Metropolitan Commercial Bank (the "Bank") is a New York City based full-service commercial bank that provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities and local government entities. The Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.
The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).
For more information, please visit the Bank's website at MCBankNY.com.
Metropolitan Commercial Bank was named one of Newsweek's Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. The Bank finished ninth in S&P Global Market Intelligence's annual ranking of the best-performing community banks with assets between $3 billion and $10 billion for 2022 and eighth among top-performing community banks in the Northeast region for 2022.
About the role:
The Credit Underwriter (AVP) is responsible for undertaking and presenting robust credit risk analysis in support of relationship-led loan requests from our Commercial Real Estate (CRE) team. The role will focus on CRE (e.g. Multi-Family, Mixed-Use, Office, Industrial, Retail, Hospitality, Charter Schools, Construction) with an emphasis on transitional loans, leading underwriting for straight forward loans and with senior support provided for the more complex transactions.
Duties and responsibilities of the job include the following (but is not limited too):With limited supervision, undertaking financial and credit risk analysis for borrowers and guarantors in a timely manner; including financials, projections, global cash flows, REO schedule, industry/market, structure, and terms.Demonstrating understanding of credit risks and mitigants, presenting analysis and risk rating recommendation clearly and concisely in risk focused credit proposals for submission to the FVP Credit/Deputy CCO for review.Analyze third party appraisals, challenge appraiser assumptions and sensitize in your credit analysis.Work closely and proactively with Lending Officers throughout the transaction process, ensuring financials are complete, accurate and received in a timely manner. Attend client meetings and/or site visits as appropriate.In partnership with the Lending Officers, ensure all credit related questions from the approval authority are addressed efficiently and effectively.Undertake annual review of loans ensuring performance in line with plan. Escalate any performance concerns, covenant issues and/or proposed risk rating downgrades.Willingness to develop good understanding of compliance, regulations, and the Bank's commercial lending policies.Assisting in the completion of various monthly, quarterly or ad hoc reports as necessary.Assisting in gathering information required by Bank examiners and internal audit.Preferred experience, education, and qualifications:
Bachelor's degree in Business, Accounting or Finance; or equivalent experienceMinimum 3 years in credit related field, preferably in a banking environmentStrong analytical / financial modeling skillsExcellent written and verbal communication skillsGood interpersonal skills; work collaboratively and with integrity with key internal and external stakeholders.Strong team player with desire to grow and assume additional responsibilities.Working knowledge of all MS Office Suite products and appetite to learn core database management programs
Potential Salary: $110,000 - $145,000 annually
This salary range only reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law.
Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.