Senior Underwriter - SVP C&I

Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients' needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.

What makes Peapack Private different from our competition? We are an institution that's over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the sixth consecutive year, by American Banker as one of the 'Best Bank to Work For' across the nation. Our secret sauce in one word is our 'culture'. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.

There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing!

POSITION DESCRIPTION:

• Responsible for the structuring, underwriting and ongoing monitoring of middle market C&I loans in the NY Metropolitan and Long Island area; completion of loan approval packages that include financial/cash flow analysis, analyzing and sensitizing financial projections, collateral valuation, identifying and mitigating risk and determining the appropriate risk rating. This may include client/prospect calls.
• Work with commercial private bankers for the review of loans, to include ongoing collection of updated financial information, covenant compliance and other information impacting the ongoing creditworthiness of borrowers. This may also include customer retention efforts and client visits.
• Perform annual/quarterly reviews of a designated portfolio of C&I clients, in an accurate, timely and effective manner, including the identification of emerging risks and the appropriate risk ratings.
• Provide portfolio level support and expertise for internal audit, external audit and regulatory examinations for the C&I loan portfolio.
• Develop and coach Jr. team members; provide guidance/mentoring as appropriate.
• Additional projects and responsibilities, as assigned.

Essential Skills & Experience:

• Credit Risk professional with strong analytical skills and knowledge of commercial lending, strong understanding of financial statements, cash flows and projections
• Bachelor's degree in business, finance, or related field.
• Strong interpersonal and communication skills, both verbal and written; the ability to engage with customers, clients, Bank professionals and third-party professionals (prospects, clients, attorneys, accountants, participant banks, loan review, internal auditors) effectively and professionally.
• Minimum five to ten years' experience managing commercial loan portfolios.
• Knowledge of financial institution policies and procedures
• Proficient in Microsoft Word and Excel

Salary range: $162,481.00 - $262,494.00

Benefits

Peapack Private Bank & Trust offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.