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HUD Healthcare Chief Underwriter

New York, NY

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Metropolitan Commercial Bank (the “Bank”) is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.

Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2024. For the fourth time, MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024.

Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan, Boro Park, Brooklyn and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).

 

Position Summary:

The HUD Healthcare Chief Underwriter will be responsible for the review and approval of all loan packages. This individual will work with the Chief Credit Officer on the development and operations to reduce the risk of loss through identification, evaluation, treatment and monitoring of risk exposure and to assure compliance with HUD policies and MCB procedures. The HUD Underwriter will negotiate loan documents and transaction structures and execute documents on behalf of MCB during the entire loan process.

You may perform your services remotely, provided that you may be asked to travel from time to time in connection with performing the services, including travel to the Bank’s principal office. The Bank reserves the right to require your in-person presence on a regular basis should business needs require.

Essential duties and responsibilities:

  • Oversee all HUD underwriting operations on behalf of MCB to ensure compliance with MCB’s corporate policies as well as HUD.
  • Coordinate with the Chief Credit Officer and Head of C&I Lending to manage the ongoing review of corporate policies, contracts, Standard Operating Procedures, Quality Control Plan, policy development and operations to reduce the risk of loss through identification, evaluation, treatment and monitoring of risk exposure and to assure compliance with HUD policies and MCB procedures.
  • Responsible for compliance issues, risk management and coordinating and responding to internal and external audits.
  • Assist staff in structuring deals to match HUD requirements to client goals, research specific situations and developing realistic alternatives for the benefit of the project's loan success.
  • Develop and recommend improvements in MCB underwriting and closing monitoring.
  • Direct and oversee the planning, development and administration of all HUD underwriting policies and procedures. Ensures compliance with HUD underwriting requirements.
  • Oversee and manage routine and extraordinary response strategies for individual deals and provide proactive assessment and communication to ensure optimal outcomes from HUD.
  • Provide consultation and technical advice on HUD programs, policies and processes to the MCB community. Advises senior management on going issues, best practices and risk exposures and recommends actions to minimize risk.
  • Lead and support staff in the areas of staffing, selection, training, development, coaching, mentoring, measuring, appraising and rewarding performance and retention.
  • Represent MCB at industry functions.

Required knowledge, skills and experience:

  • Lean certification required. 
  • 10 years of healthcare underwriting experience with at least 5 years underwriting FHA Lean Healthcare loans.
  • Bachelor's degree (BA or BS) in finance, accounting, economics, real estate or other related subject from a four-year college or university required.
  • Proficient in common Adobe and Microsoft applications including: Word, PowerPoint and Excel. Knowledge and understanding of the principles and procedures for underwriting and processing of HUD transactions.
  • Analytical Skills: Requires expert level analytical and quantitative skills with proven experience in developing strategic solutions for a growing matrix-based multi-industry sales environment, analyze the most complex business/financial data and develop innovative solutions.
  • Financial Analysis, Reporting & Policy & Procedures Creation: In-depth knowledge of financial terms and principles. Review complex financial/business analysis and reports prepared by subordinates. Develop and implement financial policies and procedures.
  • Strong Written & Verbal Communication: Respond effectively to sensitive issues, write reports, manuals, speeches and articles using distinctive style, create effective and persuasive presentations on complex topics to employees, clients, top management and/or public groups.
  • Leadership & Influence: Motivate and negotiate effectively with key employees, top management, and client groups to take desired action. Approve and oversees department budget

 

Potential Salary: $200,000- $300,000 annually

This salary range reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law. Final offer amounts are determined by multiple factors including candidate experience and expertise and may vary from the amounts listed here. Lastly, you must be approved by HUD 10 days prior to your start date.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

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