Underwriting Associate

Summary: Dime Community Bank (Dime) is currently hiring for an Underwriting Associate at its Headquarters in Hauppauge, Long Island. The Underwriter Associate will evaluate the credit worthiness of clients and determine their ability to repay loans and lines of credit including those used to purchase/refinance real estate, or to provide working capital for businesses. The role will include developing financial profiles, investigating credit histories, and making credit recommendations. This is not an entry level role.

Salary commensurate with experience, ranging from $75,000 to $95,000 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location.

All applicants need to attach a recent resume. This is not a remote role.

Responsibilities:

• Provide underwriting analysis and evaluate risk ratings for existing and new credit proposals, including multi-family/mixed-use properties held for investment, owner-occupied commercial real estate, C&I business loans and SBA financing. This would include:




• Cash flow analyses (e.g., business, personal and global) to evaluate the borrower's loan repayment ability.


• Analyzing balance sheets and gauging the financial strength of loan applicants.




• Establishing loan covenants, financial reporting conditions and approval conditions.

• Assessing collateral coverage by reviewing appropriate third-party reports.


• Understanding credit policy, identifying policy exceptions and the suitability of mitigants in credit evaluations.




• Evaluate third-party underwriting proposals for prospective loan participations.


• Proactively communicate with loan officers, brokers, and clients during the underwriting process.


• Provide ad-hoc analytical reporting and support for senior management as needed.

 Qualifications:

• Bachelor’s degree or equivalent experience (Business Banking/Commercial Lending); or equivalent combination of education and experience.


• Understanding of loan risk factors.


• Demonstrated knowledge of credit and financial analysis techniques.


• Demonstrated ability to gather, consolidate, analyze, and summarize data for all levels of commercial credit relationships.

• Strong knowledge of Microsoft Office (especially Excel).


• Effective time management, written and oral communication skills.