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Dime Community Bank · 1 day ago

Underwriting Associate

Hauppauge, NY

Full-time

Onsite

New Grad, Entry Level

$75K/yr - $95K/yr

Dime Community Bank (Dime) is currently hiring for an Underwriting Associate at its Headquarters in Hauppauge, Long Island. The Underwriter Associate will evaluate the credit worthiness of clients and determine their ability to repay loans and lines of credit, including those used to purchase/refinance real estate or to provide working capital for businesses.

BankingCommercial LendingCommunitiesWealth Management

Responsibilities

Provide underwriting analysis and evaluate risk ratings for existing and new credit proposals, including multi-family/mixed-use properties held for investment, owner-occupied commercial real estate, C&I business loans and SBA financing. This would include: + Cash flow analyses (e.g., business, personal and global) to evaluate the borrower's loan repayment ability

Analyzing balance sheets and gauging the financial strength of loan applicants

Establishing loan covenants, financial reporting conditions and approval conditions

Assessing collateral coverage by reviewing appropriate third-party reports

Understanding credit policy, identifying policy exceptions and the suitability of mitigants in credit evaluations

Evaluate third-party underwriting proposals for prospective loan participations

Proactively communicate with loan officers, brokers, and clients during the underwriting process

Provide ad-hoc analytical reporting and support for senior management as needed