Asset Based Senior Underwriter, Senior Vice President or Asset Based Underwriter, Assistant Vice President

$95,000 - $200,000 yearly
  • The Resume Review - Recruiting Department
  • Atlanta, GA, USA
  • Sep 13, 2022
Full time Accounting Finance

Job Description

Job description
*Two open positions available for this role
Underwriters at this company's Business Capital are primarily responsible for evaluating financing opportunities, underwriting credit exposure and negotiating loan documentation for new customers. This company's Business Capital (BABC), part of the Enterprise Credit division, provides leveraged loans in a variety of industries including manufacturers, distributors and service companies.
 
The asset-based loan credit facilities range from $5 million to over $2 billion in size and are collateralized primarily by accounts receivable and inventory. Underwriters work in a team setting with business development officers, relationship managers and/or product specialists and are responsible to develop, structure, analyse, covenant, document, fund and close Asset Based Lending (ABL) transactions. Underwriters interface directly with clients and prospects, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, etc.).  Full understanding of Bank of America and BABC credit policies is required to identify and resolve issues during the underwriting, documentation and closing processes.
 
Required Skills (Senior Vice President):
  • Bachelor's or Master’s degree
  • 5-10 years’ experience in Asset Based Lending (ABL), commercial credit, leveraged finance, and/or relationship management
  • Sound understanding of credit, transaction structuring, and financial and collateral analysis
  • Focused and well organized
  • Completion of a formal credit training program is desired
  • Strong communication skills (both verbal and written) to interact with senior management, clients, attorneys, and financial sponsors; Communicates crisply and candidly
  • Understanding of legal documentation
  • Demonstrates sound judgment and acts with speed - able to achieve results quickly
  • Unquestionable business and personal integrity
 
Required Skills (Assistant Vice President):
  • Bachelor's or Master’s degree
  • Sound understanding of credit, transaction structuring, and financial and collateral analysis
  • Focused and well organized
  • Strong communication skills (both verbal and written) to interact with senior management, clients, attorneys, and financial sponsors
  • Demonstrates sound judgment and acts with speed - able to achieve results quickly
  • Unquestionable business and personal integrity