What are the responsibilities and job description for the Banker â?? Credit Underwriter and Portfolio Management position at Emigrant Bank?
Position: Banker â?? Credit Underwriter and Portfolio Management
Department: Emigrant Bank Fine Art Finance
Reports To: Partners
Employment Status: Full Time, Exempt
Office Location: New York, NY
Supervise: N/A
Job Summary
Emigrant Bank Fine Art Finance seeks an entrepreneurial Private Banker with ten years of experience working with high net worth (HNW) and ultra-high net worth (UHNW) clients, delivering bespoke banking and credit solutions. This role combines business development, credit underwriting/structuring, portfolio management and cross-functional collaboration.
Emigrant Bank Fine Art Finance is a boutique firm that finances fine art, collectibles, wine, classic cars, rare stringed instruments, and a broad range of valuable specialty assets. Compensation and benefits commensurate with experience.
Responsibilities Include
$400,000
—
$500,000 USD
Department: Emigrant Bank Fine Art Finance
Reports To: Partners
Employment Status: Full Time, Exempt
Office Location: New York, NY
Supervise: N/A
Job Summary
Emigrant Bank Fine Art Finance seeks an entrepreneurial Private Banker with ten years of experience working with high net worth (HNW) and ultra-high net worth (UHNW) clients, delivering bespoke banking and credit solutions. This role combines business development, credit underwriting/structuring, portfolio management and cross-functional collaboration.
Emigrant Bank Fine Art Finance is a boutique firm that finances fine art, collectibles, wine, classic cars, rare stringed instruments, and a broad range of valuable specialty assets. Compensation and benefits commensurate with experience.
Responsibilities Include
- Serve as a key member of the deal team in the underwriting and loan approval process.
- Screen inquiries, extensive due diligence and underwriting.
- Structure, underwrite and manage sophisticated credit facilities (e.g., secured lending, bespoke credit, asset backed lending and upcoming new products.
- Draft and negotiate term sheets, pricing, conditions, collateral, documentation.
- Perform financial statement and cash-flow analysis, credit risk assessment, covenant monitoring.
- Prepare credit documentation for facilities, liaising with legal counsel
- Monitor credit portfolio, ensure asset quality, early identification of risk-issues, mitigation strategies.
- Support management of pipeline and business development: maintain prospect lists, referral networks (COIs â??attorneys, accountants, financial services firms), external partnerships.
- Operational & risk-management responsibilities: ensure credit approvals and documentation comply with internal policy/regulation (AML/KYC/whatever applies), maintain controls and oversight.
- Manage loan approval process and all necessary work to document and close the transaction.
- Manage portfolio and loan servicing.
- Bachelor's degree in Finance, Economics, Business or related field (MBA preferred).
- Minimum 10 years of relevant experience in private banking/wealth management with credit underwriting/structuring experience.
- Strong technical credit skills: ability to analyze financial statements, perform cash-flow modelling, evaluate collateral, structure credit deals.
- Demonstrated success in relationship management with HNW & UHNW clients and business development skills.
- Excellent analytical, writing, communication and presentation skills
- Strategic mindset, ability to work collaboratively.
- Strong business ethics, high standards of client service, and knowledge of banking regulation/compliance.
- Formal private bank credit training program is a plus
- Understanding of regulatory requirements and risk
- Self-motivated individual capable of working on multiple deals
- Proficient personal computer skills including Outlook, Excel, Word, Adobe, strong record keeping, routine database activity
$400,000
—
$500,000 USD
Salary : $400,000 - $500,000