Senior Healthcare Underwriter

Job Details

Description

Summary: The Senior Healthcare Underwriter specializes in the evaluation of the credit worthiness of Healthcare clients and is responsible for preparing complete and accurate credit analyses in a timely manner. The role also determines the Borrower’s ability to repay loans and lines of credit including those used to provide working capital for businesses, owner-occupied mortgages, term financing for business and/or equipment acquisition as well as letters of credit. Underwriting is prepared according to applicable regulations, approved insurance reimbursement programs and related government guidelines.

Salary commensurate with experience, ranging from $150,000 to $170,000 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location.

All applicants must attach a recent resume.

Responsibilities

Provide unbiased, objective, and thorough underwriting analysis for new and existing credit proposals, including owner-occupied commercial real estate, business term loans and acquisitions, debt consolidation, lines of credit, standby letters of credit and loan participations/syndications for healthcare clients.Conduct in-depth cash flow analyses (e.g., business, personal and global) to evaluate borrower's loan repayment ability; this includes awareness of future Borrower impact from changes within the regulatory environment while also identifying the risks of the Borrower and the Healthcare industry.Analyze balance sheets and gauge financial strength of loan applicants.Determine risk ratings using Dime’s internal tools and matrices.Review and analyze all third-party reports (inclusive of both business and real estate valuations).Establish loan covenants and closing conditions.Prepare requests for loan modifications, extensions and exit proposals for maturing loans and lines of credit.Assess Dime’s collateral coverage by creating borrowing base advance formulas and reviewing accounts receivable aging reports and inventory schedules relative to the Healthcare industry.Identify policy exceptions and incorporate suitable mitigants into credit evaluations.Prepare and deliver the credit approval package to the appropriate authority level as required by Dime’s Credit Policy.Proactively communicate with loan officers, brokers, and clients during underwriting and loan review process.Participate in client meetings and conference calls.Conduct annual reviews of the existing portfolio.Provide analytical support for senior management as needed.

Qualifications

Bachelor’s degree in a business-related field and a minimum 7 years’ underwriting/credit/commercial banking/lending experience. Experience preferably in middle market banking; or equivalent combination of education and experience.Previous experience in Healthcare and C&I underwriting required.Strong understanding of loan risk factors.Demonstrated knowledge of credit and financial analysis techniques.Demonstrated ability to independently gather, consolidate, analyze, and summarize data and make recommendations for all levels of commercial credit relationships.Good interpersonal skills working with loan officers, credit officers, clients, and executive management.Ability to work in a fast-paced environment, requiring effective time management, written and oral communication skills.Knowledge of Abrigo/Sageworks End-to-End software system preferred.Strong knowledge of Microsoft Office.