Description

Position Purpose

The Senior Credit Underwriter – Leasing plays a critical role in evaluating and managing credit risk across small, mid-sized, and large-ticket equipment lease transactions. With limited supervision, this position is responsible for conducting thorough credit analyses, preparing detailed lease presentations, and performing comprehensive reviews of individual and portfolio-level asset quality. The underwriter will deliver well-supported written assessments of creditworthiness and risk exposure, contributing to sound credit decisions and portfolio integrity. Additionally, this role will monitor and identify trends in credit risk and underwriting practices, helping to shape proactive risk management strategies.

Requirements

Key Accountabilities, Responsibilities And Expectations:

Display detailed knowledge of principals of commercial equipment leasing, financial analysis, cash flow analysis, commercial banking laws and bank policy.
Display ability to understand small ticket scorecard analysis.
Create thorough and concise analyses of the risks and mitigates of complex equipment leasing requests by spreading, reviewing and analyzing the lessee’s financial statements, including but not limited to income statements, cash flow statements, balance sheets, tax returns, personal financial statements, and collateral appraisal reports. Ability to draw your own conclusions and arrive at individual credit recommendations.
Understanding and ability to analyze residual risks and various types of end-of-term lease options, including FMVs, TRAC Leases, PUT (Purchase Upon Termination) and Nominal Option Leases.
Prepare sensitivity analyses, cash flows, and assessments of collateral as well as analyze the personal guarantor(s) financial condition.
Demonstrate the ability to identify transactions for syndication and work with the Syndication team to assist in potential sale.
Conduct analysis of the market and industry (competition, suppliers, and potential new entrants) and management teams.
Participate in the ongoing development of commercial leasing procedures that safeguard the Bank.
Recommend alternative lease structures.
Participate in the completion of projects including planning, assigning, monitoring and reviewing progress and accuracy of work; evaluating results, etc.
Know and understand Bank/Credit policies and procedures.
Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
To spread the lessee’s financial statement information by use of appropriate software programs. To review financial analysis reports and act as the technical resource for the use of the credit software program .
Understand new and pending laws and regulations that affect the organization’s credit practices.
Understanding of UCC Financing Statements and other secured lending laws for equipment financing.
Recommend risk grade changes.

Physical Requirements

Primarily sedentary role requiring extended periods of computer use, including reading reports and data entry.
Must be able to concentrate in a dynamic environment with occasional distractions.
Occasional travel required for meetings, training, and client consultations, both independently and with the leasing sales team

EOE - Race/Sex/Disability/Veteran
This Position Description is not a complete statement of all duties and responsibilities comprising this position.
Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this position at any time.

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Senior Credit Underwriter - Leasing (Possibly Remote)