Work Arrangement

***This is a remote position and can be located anywhere in the U.S.A.***

Performs loan underwriting and due diligence necessary for obtaining a credit decision on commercial loans for the purpose of M&A, debt consolidation, and succession planning within the independent wealth management industry.

Essential Functions

1. Collects, reviews, and validates loan documentation essential for originating conventional commercial loans.
2. Obtains and reviews individual and business credit reports, OFAC searches, tax transcripts, and other necessary documentation for accuracy, compliance, and acceptability.
3. Communicates with lenders, internal credit team members, brokers, and others as applicable, to determine the knowledge and acceptability of the applicant. Coordinates and conducts interviews with borrowers when applicable.
4. Builds new loan packages within the Bank’s origination platform ensuring proposed loan structures, along with all borrowers and guarantors, are appropriately captured and within the Bank policy.
5. Generates a written Credit Approval Memorandum reflecting a full underwriting of the proposed transaction meeting bank standards for approval within approximately 5 days of receipt. The completed analysis includes but is not limited to a summary of the transaction; business history, demographics, management experience; detailed financial analyses of the borrowing entity, the seller (if applicable), corporate guarantors and/or affiliates, and principles; the loan request’s conformance to credit policy.
6. Assembles credit committee packages and works with management for presentation to the loan committee when needed.
7. Prepares and forwards letters for additional information to complete underwriting; prepares commitment letters or declination letters in accordance with internal processes.
8. Works with the closing department to facilitate the closing of loan requests and handles credit-related issues as needed; preparing timely modifications and obtaining approvals to help complete the loan closing process.
9. Completes annual reviews/financial analysis on existing loans in the portfolio as needed.
10. Performs other duties as assigned.

Education/Experience Requirements

• Undergraduate degree in Business, Finance, Accounting or an equivalent combination of training and experience.
• 7 years of commercial credit underwriting experience. 

Preferred Requirements

• Formal bank credit training.
• Strong working knowledge of accounting principles.
• High-level verbal, written, and interpersonal communication skills.
• Ability to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Excel and SPARK (or similar) loan origination software.

Salary Range: $63,369 - $134,079

This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Working at The Bancorp Bank, N.A. and Benefits Information:click here

Diversity & Inclusion at The Bancorp Bank: click here

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender, identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

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