Underwriter

Role Summary

The Underwriter is responsible for leading credit underwriting and approval execution for new‑money transactions, ensuring transactions are well‑analyzed, appropriately structured, and compliant with credit policy and governance standards. The role partners closely with Relationship Managers, Portfolio Managers, Credit, Treasury, and third‑party advisors to support sound credit decisioning and risk management.

Key Responsibilities

• Lead underwriting for new money transactions from initial analysis through credit approval
• Review borrower financial spreads and perform preliminary credit analysis to support prescreen decisions, including assessment of performance trends, leverage, cash flow sustainability, and key credit risks
• Conduct comprehensive underwriting analysis for new transactions, including cash flow modeling, sensitivity analysis, stress testing, and scenario analysis
• Perform transaction-specific analysis as required, including property-level analysis, guarantor review, and assessment of structural risks
• Coordinate and analyze interest rate and hedging assumptions when applicable and incorporate results into credit exposure analysis
• Prepare loan amortization schedules and repayment profiles aligned with proposed deal structures
• Develop comprehensive credit approval memoranda clearly articulating transaction structure, key risks, mitigants, and recommendations
• Validate deal parameters in credit documentation, including approved amounts, funding conditions, total borrower and group exposure, and consistency with credit policy
• Assess borrower and transaction eligibility relative to credit limits, approval authorities, and governance thresholds, and determine required approval levels
• Present underwriting analyses and recommendations to CRO/CC and address follow-up questions
• Review borrower insurance coverage against policy requirements, identify gaps or exceptions, and coordinate with insurance consultants to assess adequacy
• Interpret third-party insurance reviews, negotiate coverage requirements with clients as needed, and confirm satisfaction of conditions required for deal approval

Qualifications Required

• Advanced credit and financial analysis skills, including cash flow modeling, sensitivity analysis, and stress testing
• Strong credit judgment and risk assessment capabilities, with the ability to identify, evaluate, and mitigate key risks
• Ability to write clear, concise, and well-supported credit memoranda
• Proven ability to drive credit decisioning processes and navigate credit governance and approval frameworks
• Working knowledge of collateral structures and insurance requirements

Compensation
The expected annual salary for this position is between $120,000 and $160,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.
Additional Information
The Bank Will Make Reasonable Accommodations To The Following Employees To Allow Them To Perform The Essential Functions Of Their Position, Except Where Doing So Would Result In Undue Hardship To The Bank

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.
The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
All your information will be kept confidential according to EEO guidelines.
We are operating on a Hybrid schedule.
NO AGENCIES PLEASE.
IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.
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