Credit Underwriter, AVP-Equipment Leasing and Loan

Credit Underwriter, AVP-Equipment Leasing and Loan Job Num : 58598

Banking / Finance

Job Description

Position : Assistant Vice President, Credit Underwriter (Equipment Leasing / Loan)

Location : New York City

Compensation : $80K~$100K base + Bonus + Full Benefits

We are seeking an experienced AVP , Credit Underwriter to join our Credit team. In this role, you will underwrite lease and loan equipment finance transactions.

Responsible for managing competing priorities and constantly maintaining excellent communication with all key stakeholders throughout the underwriting process. Implementation of the credit policy and flow of incoming requests. Additionally, this role will also provide appropriate credit risk analysis for ongoing portfolio management related items.

The ideal candidate will have experience underwriting direct origination and syndicated loans and leases for commercial vehicle, construction, and machine tool transactions.

Key Responsibilities :

• Coordinate with Sales to ensure the pipeline flow for credit deals are assigned to underwriters and track the progress until the approval obtained.
• Underwrite credit lease and loan transactions including complex lease, loan, factoring, Japan Direct and any other new product transactions as a preparer to support the pipeline flow and turnover time. The underwriting to be comply with the company's Credit Policy, CRVD standards and other group company's credit and compliance regulatory expectations.
• Ensure that all Underwriting Policy and RAC exceptions are identified, tracked and monitored during the credit risk management process.
• Participate in Annual Review monitoring and Self-Assessment process per schedule and plan in advance with the team to compete the reviews in timely manner for all business segments and ensure accurate risk rating and classification ( JP and US) are determined.
• Assist efforts to work towards reducing the credit losses by having quality underwriting practices and credit monitoring practices.
• Assign internal Risk rating / JP and US Reg classification ratings, update applicable scorecards, monitor limits, oversee data accuracy to ensure compliance with business and institutional guidelines and ensure data integrity in the credit systems.
• Assist Manager in managing data base for model monitoring purpose specifically for G grade model and if required for QDM scorecard.
• Assist in the credit approval process for deal post-closing amendment / modifications, consent, waiver requests and comply with the company's policy and procedure.
• Maintain organized credit files for credit, regulatory, and compliance purposes.
• Assist Managers who handle lease portfolios regarding credit maturities and manages all requests for extensions. Gathers documentation and / or perform due diligence required to approve leases.
• Assist Manager to monitor and manage delinquencies with collaboration with Collection team and Sales team using Power BI tools.
• Assist in preparing monthly and quarterly reports as required by Senior Management.
• Submit credit underwriting approval packages at the company's Credit Managers / Committee Meetings for all leasing requests.
• Develops close working partnerships with the Leasing sales team, operations and other internal company staff to ensure open communication channels are available to handle issues associated with all lease requests. Responds to calls and requests for information from the team.
• Carry out any other duties that management assigned in addition to what is allocated above.
• Comply with the company's internal control standards and compliance at all times

Qualifications :

This is a high-visibility role offering the opportunity to shape credit practices, work on complex transactions, and support long-term growth.

Note : This is a summarized description. A detailed version will be provided later.

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Job Details

City : New York

State : NY

Job Type : Permanent Job

Salary High : 110000.00

Salary Low : 80000.00

Languages : English

Hours of Operation : 9 to 5

Benefits : Health Ins;Dental Ins;Vision Ins;401K;Life Ins;Long-term Disability

Contact Information

Job Owner : Naoko Kagaya

Job Owner Email : nkagaya@pasona.com