Professional Experience
Melrose Credit Union – Briarwood, NY March 2017 to July 2017
Underwriter / Team Leader (4-month contract position)
• Primarily responsible for reviewing and underwriting in depth credit analyses for renewals and modifications within the subject’s taxi medallion portfolio on a timely basis and the assignment of the appropriate credit risk grade.
• Supervise a team of 5 Underwriters
• Proof read credit memoranda provided by in-house and out-sourced underwriters.
• Review financial analytics that accompany each credit memo.
• Discuss with underwriters how to improve the quality of their presentation.
• Perform quality control to insure that each credit package conforms to loan policy.
• Participate in regular meetings with the NCUA and senior management.
Abacus Federal Savings Bank - New York, NY November 2015 to January 2017
Commercial Credit Officer/Underwriter
• Responsible for underwriting commercial real estate loan proposals for mixed-use multifamily investment properties, one to four family residential investment properties, mixed-use condominium and co-op style investment properties with sign off authority of up to $5,000,000.
• Managed the bank’s commercial credit portfolio of accounts by the preparation of annual credit memorandums and assigning a risk grade on existing loans as required by the Bank’s policies and procedures and perform other duties as directed by the VP/ Director of Credit.
• Prepare, review and analyze the credit worthiness of all commercial loan proposals (new or renewals) by spreading borrower and personal financial data into the bank’s database and perform the required due diligence to ensure adherence to the banks credit policies as well as applicable regulations.
• Research borrower and collateral background; analyze market trends and other information.
• Perform loan reviews and grading of bank’s commercial loan portfolio in accordance with the bank’s policies.
• Objectively assess the risks involved in extending credit to the prospect based on the financial data provided and other data received through third parties such as appraisals, property violation and related searches, environmental reports, engineer reports, and credit reporting agencies and / or data verify and / or business credit reports.
• Evaluate financial statements, historical trends, appraisals, projections, management experience and strength, cash flow, collateral analysis, stress testing and other functions to determine the strength of the borrower.
• Prepare written credit memos for presentation to credit management, loan review committee, board regulators and auditors as applicable.
• Cooperate with other members of the lending area and loan servicing area to deliver high quality work in a timely manner.
Carver Federal Savings Bank – Harlem, NY June 2014 to October 2015
Assistant Vice President / Portfolio Manager / Underwriter
• Underwrite and submit timely new business loan reviews and annual loan reviews of existing loans and risk rating evaluations to management as well as manage a $400 million loan portfolio, while developing a relationship with each borrower.
• Review of annual and interim financial statements, tax returns, rent rolls, personal financial statements and cash flow projections.
• Read and understand loan documents and implement corrective actions if borrowers are not in compliance with loan covenants, including implementing a default rate of interest for any non-compliance as warranted.
• Prepare loan monitoring reports for each loan on a regular basis to review overall asset quality, including per romance against original underwriting expectations.
• Strong Knowledge of OFAC Screening, KYC Compliance, AML/BSA, HMDA Policies and Procedures.
Sterling National Bank – New York, NY November 2011 to April 2014
Vice President/Senior Credit Analyst
• Managed all credit/risk in asset based loans, commercial and industrial loans, commercial real estate loans, middle market loans, with loans ranging from $250M to $20MM.
• Underwrite new and existing credit requests for credit approval in a timely and expeditious manner.
• Analyze historical financial statements to determine business trends, margin analysis, cash flow coverage and leverage and explain the underlying reasons for changes in each category.
• Understand collateral field examinations and appraisals and be able to summarize the results and formulate exit strategies predicated upon collateral liquidation values.
• Evaluate, enumerate and articulate risks inherent in individual credit situations, and be able to justify taking those risks.
• Order and review background checks, conduct due diligence and prepare compliance documentation
• Processing amendments, renewals and waivers for existing customers for credit approval,
• Updating inter...
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