Commercial Underwriter

Description Location: Hauppauge, NY About Us: Hanover Bank– When you love your work and the people you work with, careers are made! Embracing diversity, valuing inclusion and showing respect are the foundation upon which we build our team. At Hanover Bank, inclusion means respecting personal beliefs and appreciating that we all have perspectives that matter.

We are stronger together as we move toward a shared vision of personal and corporate growth. Whether you are just starting out or a seasoned professional, working for Hanover Bank can launch you on a path to success. With a passion for excellence, we strive to deliver exceptional service to our clients, foster a positive impact in the communities in which we work and live and help our team members achieve their professional goals.

When you work with us you are empowered, engaged and encouraged to collaborate because every voice matters, every person counts.

Job Summary

Hanover Bank is looking for a full-time Commercial Underwriter to join our team. The Commercial Underwriter is responsible for underwriting commercial loans, inclusive of C&I and CRE loans while ensuring compliance with appropriate company credit policies and procedures. This person will analyze the character, collateral, cash flow, capital and conditions of every credit request and make an informed and objective credit decision.

Job Duties and Responsibilities: Examine overall credit file documentation to ensure accuracy and completeness. Review financial statements, tax returns, personal financial statements, loan-to-value ratios, credit reports, appraisal reports, and Phase I reports. Analyze all cash flow information and collateral and perform required underwriting stress tests on proposed commercial originations.

Discuss any potential underwriting exceptions and review with the Director of Commercial Credit Discuss new loan transactions with the sponsoring Lending Officer and Senior Management when appropriate. Prepares written credit memo for new loans or renewals to be submitted for signature approval or to the Loan Committee for approval.

Assist in ensuring loan processing staff procure appropriate information necessary to finalize incomplete loan packages. Stay abreast of any changes in loan underwriting policy and procedural changes. Effectively communicate with clients on underwriting issues or the need for additional data including reaching out to customers directly when required to secure additional credit information to process the new credit transaction.

Periodically perform reviews and cash flow assessments on commercial loans to ensure sufficient debt service coverage, collateral coverage and appropriate risk rating classifications. Ensure compliance with all regulations, policies, and procedures. Perform additional accountabilities as required. Stay abreast of market conditions affecting commercial real estate market or local market information affecting C&I customers.

Perform portfolio management including loan extensions and modifications on existing loans. Perform annual reviews including risk rating recommendations on existing loans. Perform other miscellaneous credit-related responsibilities as needed.

• Aid in the development of underwriting processes and procedures.

Education and Experience

College degree required in Business, Finance, or a related field. 6-10 years of experience in CRE and/or C&I underwriting Formal Credit training or commensurate training or experience Skills and Abilities: Excellent verbal and written communication skills. Ability to interact with a diverse group of people with professionalism.

Excellent Organizational skills. Highly motivated and flexible. Committed to learning new skills. Basic PC, Network, E-mail, Director, Internet, Word Processing Our Benefits: Health & Wellness Benefits Medical, Dental, and Vision insurance (with HSA, FSA, and Commuter Benefits options) Company-paid Life Insurance and Accidental Death & Dismemberment (AD&D) Company-paid Long-Term Disability Insurance Voluntary Benefits Additional Life and AD&D Insurance for employee, spouse, and dependents Voluntary Short-Term Disability Insurance Pet Insurance Legal Services Plan Accident Insurance Hospital Indemnity Insurance Cancer Care Insurance Retirement 401(k) Plan with Company Match Time Off & Recognition Paid Personal Time Off (PTO) Paid Company Holidays Annual Performance Bonuses Annual Salary Increases Employee Engagement Company-sponsored Events Employee Contests and Recognition Programs Salary : $109,000-$133,000 ; placement within this range will vary based on experience and skill level.

Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. Requirements