Commercial Credit Senior Underwriter I - Healthcare at M&T Bank

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, BankingIndustries

Requirements

Deep understanding of financial regulatory environment as it applies to underwriting commercial credit transactions
Ability to analyze financial statements, tax returns, due diligence reports, credit bureaus, appraisals, internal credit information, industry research, and peer data
Skills in spreading financial statements and preparing financial models, cash flow projections, collateral schedules, covenant sensitivity calculations, and guarantor statement analysis
Capability to perform independent credit quality assessments with well-supported risk ratings
Understanding of the Company’s risk and regulatory standards, policies, controls, and Risk Appetite
Compliance verification skills for adherence to Commercial Credit Policy

Responsibilities

Focus on transaction execution and portfolio management, partnering with senior team members on complex transactions/account coverage
Facilitate credit needs of customers by underwriting new requests and material modifications from deal screen through approval and for the life of the loan, including recommending conditions
Manage ongoing credit risk of existing loan portfolios through continuous credit monitoring (CCM) activities, including annual reviews, interim update memos, covenant monitoring, problem loan management, early warning indicators, and credit surveillance to identify emerging risks, minimize losses, and assign accurate risk ratings
Review pertinent credit and financial information; determine need for further investigation and coordinate gathering of additional information
Analyze financial information and complete credit analyses for commercial transactions, including independent credit quality assessment, risk identification, mitigants, industry/market/financial trends, and other credit issues
Make structure recommendations based on company case, bank's base case, and downside case scenarios
Identify suspicious activity or activity contrary to customer’s interest in existing portfolios
Partner proactively with relationship managers throughout the deal process to maintain timely and accurate risk ratings for a portfolio of commercial credits
Attend client/prospect calls with RMs to understand the client/business and effectively analyze/underwrite transactions; recommend risk ratings based on underwriting parameters
Prepare summaries, present facts, and offer opinions on credit-worthiness; assist in structuring loan requests with suggestions on terms, conditions, controls, collateral, and guarantors
Ensure credit policy compliance by verifying underwriting adherence to Commercial Credit Policy and evaluating non-compliance risks
Present analysis or address questions during credit request discussions or committee presentations

Skills

Credit Underwriting

Financial Statement Analysis

Credit Risk Management

Loan Portfolio Management

Risk Rating

Covenant Monitoring

Due Diligence

Appraisals

Tax Returns

Regulatory Compliance

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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