Underwriter I

Peapack-Gladstone Bank - Bedminster, NJ

Full-time - Mid Level

Bedminster, NJ

Credit Intermediation and Related Activities

About the position

The Underwriter I position at Peapack-Gladstone Bank involves structuring, underwriting, and monitoring credit transactions for commercial clients. The role requires analyzing complex financial information and preparing detailed credit analyses to support lending decisions. The Underwriter I will work with minimal supervision and is expected to engage actively with clients and internal teams to ensure effective risk management and loan structuring.

Responsibilities

• Spread and analyze business and personal financial statements; prepare projections; evaluate information; determine appropriate structure and prepare written presentations using current financial information and all other pertinent data.
• Proactively identify credit risks and suggest structures to mitigate risk.
• Perform due diligence on prospective clients in order to obtain information used in the preparation of analysis.
• Conduct industry analysis, market analysis, property inspections (if necessary), risk rating and stress testing in the preparation of written credit analysis.
• Active participation in meetings with Private Bankers, clients, potential clients and Credit Risk Management Leadership to structure loans and discuss commercial credit proposals.
• Monitor assigned portfolio to ensure proper risk ratings and that all required periodic reviews are completed timely.
• May train/mentor/coach credit analysts and/or Underwriter I.

Requirements

• 3+ years related experience required
• Bachelor's Degree (Business, finance or accounting preferred)
• Ability to analyze balance sheets, income statements, and cash flow information
• Ability to analyze personal financial information as presented by Credit Bureaus
• Working knowledge of Microsoft Access & Outlook, Word, Excel, Co-Star, and Moody's
• Excellent verbal, written communication, and interpersonal skills
• Able to read, write, and speak English well
• Able to deal effectively, tactfully, and courteously with customers, visitors, and the personnel of other departments
• Strong understanding of loan risk factors
• Demonstrated knowledge of credit and financial analysis techniques
• Ability to independently analyze and summarize financial information to provide well-considered credit recommendations
• Ability to multi-task and meet deadlines
• Ability to maintain confidentiality of information

Benefits

• Medical coverage
• Dental coverage
• Vision coverage
• Competitive PTO package
• 401k match