VP, SaaS Underwriter

Full Time

International Banking Client

Office Status: Hybrid

Responsibilities:

  • Support the new business and origination functions of the Corporate and Industrial (C&I) lending teams by pre-screening transactions for general fit with profile and request additional information to assess the credit profile of a particular borrower. Utilize analytical programs and industry expertise in this function. A background in technology and SaaS verticals including the ability to analyze churn, assess mission criticality, and being comfortable with FILO (First Out, Last Out) structures are important. Familiarity with industry trends will be beneficial.
  • Commence the underwriting process by determining the necessary financial information requirements to be obtained from prospects/borrowers and 3rd parties, including but not limited to market information, borrowing entity and structure, personal and corporate financial statements, borrowing bases, as well as other due diligence items. Ability to analyze and prepare stresstest scenarios. Prepare credit approval memo (CAP). Reviewing Harvest analysis (downside discounted cash flow) and enterprise value is a must.
  • Primary responsibility for taking action to ensure the timely and accurate completion of underwriting of new prospects and existing borrowers, amendments to the approved CAP. Ability to manage multiple transactions within tight timelines while quickly and effectively raising risks as early as possible during UW is essential.
  • Prepare financial spreads in Moody’s CreditLens. and evaluate/assign proper borrower and facility risk ratings by completing all required risk rating models and analysis.
  • Perform borrower financial analysis through review of provided financial information to determine borrower financial/operating condition and develop cash flow analysis. Specific focus on collateral analysis, projected financial results, excess availability analysis and variance reports on credits with borrowing base and asset coverage structures.
  • Ability to analyze cash flow (unsecured) credit structures including Highly Leveraged Transactions (HLTs) utilizing comparable Enterprise Valuations (EV’s), etc.
  • Work with the lending team to identify and mitigate risks, and assist with structuring credit requests (i.e. financial covenants, term, guarantors, etc.) keeping the interests of both customer and bank in mind. Protect the Bank by providing unbiased and objective view of the prospective borrower.
  • Develop financial models to best analyze transactions, stress scenarios, and projections
  • Primary responsible and accountable to review 3rd party reports, address issues and challenge findings with vendors when appropriate, encourage 3rd parties to deliver on time.
  • Maintain current knowledge of changes in regulatory environment and leading industry practices by monitoring news and other industry sources of information
  • Attend Credit Committee meetings for presentation of credit approval memos
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