In this onsite Underwriter II position with Ponce Bank in the Bronx, you will evaluate and underwrite commercial real estate and construction loan applications, conduct risk assessments, prepare credit proposals, and monitor portfolio health. This role supports prudent lending and regulatory compliance within the bank’s real estate finance team.
Responsibilities
- Underwrite and evaluate commercial real estate and construction loan applications.
- Verify accuracy and consistency of all financial information and documentation; ensure loan files contain required application forms; validate regulatory disclosures provided by the processor.
- Identify, review, and analyze relevant information to assess credit risk; determine profitability, strength of guarantor or borrower, and sources of repayment.
- Disseminate financial information as part of the credit application process.
- Review third party vendor reports while communicating with the respective parties to resolve discrepancies.
- Prepare credit proposals on financial standing and present to the loan committee and/or Board of Directors for approval or denial; document reasons for policy exception recommendations, if any.
- Monitor the existing portfolio, including annual credit reviews, renewal of lines of credit, and compliance with covenants.
- Ensure adherence to bank policies and procedures and federal and state regulatory requirements.
- Provide cross-functional support to other areas of the department and the Bank where service or assistance is needed.
- Perform tasks supportive of the essential functions of the job, with adjustments possible depending on circumstances.
Requirements
- Bachelor's degree in business, economics, accounting, finance, real estate development or related field; specialized mortgage loan underwriting education/training.
- Minimum of five (5) years’ underwriting experience in commercial, construction, and owner-occupied mortgage loans with loan sizes over $5 million.
- Construction experience strongly preferred.
- Clearly communicates in English; proficient reading, writing, grammar, and mathematics.
- Strong interpersonal and communication skills.
- Proficient knowledge of underwriting practices.
- Moderate PC skills, including working knowledge of Microsoft Office software.
Technologies
Impact
Enhances bank performance and profitability through disciplined underwriting and risk management.
Ancillary Functions
- Ensures adherence to bank policies and procedures and federal and state regulatory requirements.
- Provides cross-functional support to other areas of the department and the Bank where service or assistance is needed.
- Performs tasks that support essential functions of the job and may be altered or redesigned based on circumstances.
Mandatory Training Curricula
- Training is required for all bank staff on regulatory mandated compliance topics and courses relevant to specific job functions; refer to the course catalog and management for details.
Education/Training
Bachelor's degree in business, economics, accounting, finance, real estate development or related field is normally required; specialized mortgage loan underwriting education/training is noted.
Experience
A minimum of five (5) years’ underwriting experience in commercial, construction, and owner-occupied mortgage loans with loan sizes exceeding $5 million; construction experience strongly preferred.
Salary Range
Salary: $92,280 - $107,650 per year
Your Work Powers, Purpose, and Service
Behind the scenes, back-office professionals drive our mission. Through roles in operations, lending, compliance, marketing, or IT, your expertise fuels innovation and supports a community-first approach to banking.
