Asset Based Finance Senior Underwriter

U.S. Bank Underwriter Position

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel atall from Day One.

The Underwriter position focuses on credit underwriting and review of prospects and / or existing client relationships for U.S. Bank Asset Based Finance. The Underwriter is an experienced credit professional capable of independent activity on complex credit transactions. The Underwriter works in a team setting with business development officers, relationship managers, portfolio manager and product partners and is responsible to develop, structure, analyze, covenant, document, close and fund asset based transactions. Interfaces directly with clients and prospects, financial sponsors and / or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, etc.). The Underwriter must have a full understanding of U.S. Bank and Asset Based Finance credit policies in order to identify and resolve issues during the underwriting, documentation and closing processes. Candidate should have exceptional analytical and organizational skills with the ability to multi-task and manage changing priorities as well as strong demonstrated credit, interpersonal and written communication skills. Transactions range from sole bank financings to agented and participation roles in large syndicated credit facilities.

Essential Responsibilities :

• Determine the credit worthiness of prospective clients by analyzing financial statements, projections, appraisals, meeting and interviewing the prospective client's management team and analyzing and obtaining a detailed understanding of the prospective client's cash flows and balance sheet.
• Prepare credit memos in a clear and concise manner and present recommendations to senior approvers that balance marketability with prudent risk management
• Negotiate appropriate terms and conditions for complex transactions and work with deal teams to ensure appropriate documentation is in place.
• Identify critical transactional and structural risks and propose appropriate structuring alternatives to mitigate those risks.
• Ensure compliance with all policy and regulatory requirements.
• Independently manage workflow to balance competing priorities and ensure all deadlines are met.
• Other projects and assignments as requested including, prospect review and analysis and process improvement initiatives.

The Underwriter is responsible for underwriting new business transactions by conducting industry and company research; analyzing financial statements and preparing complete and accurate initial credit memorandums so informed decisions can be made related to asset based lending opportunities. The Underwriter will work closely with ABF Senior Underwriters, ABF Senior Management and ABF Business Development Officers to ensure that credit decisions are properly analyzed and documented and that the credit function is in compliance with Bank and regulatory policies.

Basic Qualifications :

Preferred Skills / Experience :

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours) :

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.