C&I Senior Underwriter

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

We are seeking a Senior Underwriter with a strong background in Middle Market lending to join our Credit Underwriting team. The ideal candidate will have expertise in underwriting apparel and related companies and experience in asset-based lending stracture. Experience with healthcare industry write-ups is a plus. This role requires strong analytical skills, the ability to multi-task, and the capability to work efficiently under tight deadlines while ensuring high-quality credit assessments.

This is an excellent opportunity for a detail-oriented professional who enjoys working on complex transactions and collaborating with relationship managers, credit risk teams, and other stakeholders.

Key Responsibilities

Financial & Credit Analysis

• Conduct comprehensive financial statement reviews and assess cash flow trends.
• Develop detailed cash flow and sensitivity analyses to evaluate borrowers' financial health.
• Structure credit facilities that align with risk parameters and client needs.
• Prepare loan pricing and profitability models that optimize risk-adjusted returns.

Underwriting & Structuring

• Lead underwriting efforts for middle-market companies, with a preference for apparel and related industries.
• Participate in client meetings, assessing financing needs and structuring optimal credit solutions.
• Identify key risks in transactions and develop thoughtful risk mitigation strategies.
• Prepare well-structured credit approval packages, articulating a clear risk assessment and recommendation.

Collaboration & Growth

• Partner closely with relationship managers and credit risk teams to drive deal flow.
• Contribute to process improvements and best practices within the team.
• Assist with special projects as needed, supporting strategic initiatives.

#LI-Hybrid

• Bachelor’s degree in Accounting, Business, Finance, Economics, or a related field.
• 7+ years of experience in C&I underwriting, preferably with exposure to apparel and related industries.
• Experience in asset-based lending (ABL) is a plus.
• Experience with healthcare industry write-ups is a plus.

Technical & Analytical Skills

• Strong understanding of C&I loan structures, credit facilities, and risk assessment.
• Proficiency in financial statement analysis, cash flow modeling, and collateral evaluation.
• Experience in assessing field exams, inventory, and intellectual property (IP) appraisals.
• Familiarity with regulatory requirements and industry best practices.
• Ability to multi-task and effectively prioritize in a fast-paced environment.
• Proficient in financial analysis tools and Microsoft Office Suite.

Personal & Professional Traits

• Detail-oriented with a strong commitment to producing high-quality work.
• Strong analytical skills with the ability to assess complex financial data.
• Effective communicator with the ability to work collaboratively across teams.
• Ability to work under tight deadlines while maintaining accuracy.
• Self-motivated with a willingness to learn and adapt to evolving market conditions.

Why Join Us?

• Work on diverse and complex transactions with exposure to multiple industries.
• Collaborate with experienced professionals in a dynamic and supportive environment.
• Opportunities for professional growth and development within the organization.

If you have the experience and expertise to succeed in this role, we encourage you to apply!

Compensation

The expected annual base salary for this position is between $110,000 - $175,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills, experience, and book of business. In addition to base salary, our total rewards package also includes eligibility for incentive compensation, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

Due to COVID-19, we are now operating on a hybrid schedule. We value the safety of our employees because we’re all in this together.

NO AGENCIES PLEASE.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.