Credit Underwriter

Our client is hiring a credit underwriter to help scale up clean energy investment across Montgomery County, MD by performing the financial analysis needed to originate commercial loan transactions. The role is fundamental to the work of originating transactions that deliver climate benefits and savings outcomes to customers. Core responsibilities include:
 

• Spreading and analyzing business financial statements and tax returns.
• Underwriting structured debt transactions and completing comprehensive underwriting narratives for board review and approval.
• Providing market and credit support in product development.
• Supporting the Investment Team in structuring transactions.
• Supporting the Portfolio Management team in portfolio and credit management.
• Supporting the Chief Credit Officer in monitoring and assessing risk within the Green Bank's loan portfolio.

Principal Duties And Responsibilities

The Underwriter will report to the Chief Credit Officer and will support the client's Investment and Portfolio Administration teams. The Investment team is dedicated to originating and closing transactions across different sectors and the Portfolio Administration team ensures that the portfolio is diligently serviced, and credit standards are maintained throughout the life of transactions. The teams work together closely to achieve the investment goals of the client.

Specifically, The Underwriter Will Be Responsible For
 

• Supporting originations on the credit and development of financial structures.
• Evaluating market, sector, and counterparty information in support of originations.
• Underwriting conventional loans, transactions using loan loss reserves, participations, and other structured finance approaches.
• Analyzing and evaluating due diligence documentation related to sponsor, property characteristics, operating history, property inspection, market, etc.
• Verifying assumptions contained in pro forma financials and determining if a project's financial model should be updated with more realistic assumptions.
• Evaluating adequacy of cash flows to service proposed debt structures and other credit metrics.
• Preparing transaction approval packages for credit committees.
• Providing innovative underwriting approaches based on market behaviors while efficiently analyzing, mitigating, and clearly defining credit risk.
• Reviewing third-party reports including appraisals, engineering reports, and environmental assessments.
• Maintaining organized and fully documented underwriting files and underwriting checklists.
• Engaging with partner financial institutions to shape underwriting and transaction development.
• Working with the Portfolio Management team on portfolio and credit management including covenant compliance and annual reviews.
• Supporting the Chief Credit Officer in the preparation of portfolio level reporting for the client's commercial loan portfolio, as well as providing any special project support as requested by the Chief Credit Officer.
   

Education

Minimum of bachelor's degree in Finance, Accounting, Business, Real Estate, or other related field when paired with experience.

Experience, Skills And Abilities

• Five or more years of related work experience in commercial finance.
• Credit training or demonstrated experience in credit and underwriting roles.
• Knowledge of commercial real estate property fundamentals and commercial real estate lending/underwriting, specifically focused on multi-family affordable housing.
• Experience in clean energy and/or energy efficiency is desired.
• Proven track record of reviewing financial and commercial real estate loan documentation, including due diligence needed for commercial loan closing.
• Strong written and verbal communication skills.
• Demonstrated proficiency with Microsoft Excel and Word.
• Capable to work independently while supportive of a team.

 

Hamdan Resources, LLC is committed to hiring and retaining a diverse workforce. We are proud to be an Equal Opportunity/Affirmative Action Employer (EEO/AA), making decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, marital status, national origin, age, veteran status, disability, or any other protected class. U.S. Citizenship and/or authorization to work within the U.S.is required for most positions.