Leads commercial underwriting and portfolio management for the bank’s commercial loan portfolio. Oversees credit approvals, risk ratings, covenant and collateral monitoring, compliance, financial analysis, problem-loan identification, and workout strategies. Partners with the Chief Credit Officer and executives on portfolio risk, lending objectives, budgeting, and regulatory compliance. Builds and coaches the underwriting and portfolio management team while ensuring timely reporting and adherence to credit policies.
Grasshopper Bank is a client-first, digital bank built for the business and innovation economy, with an obsession for providing leading-edge technology, solutions-driven products and superior service through a combination of passionate people and digital resources.
We are a highly experienced team who pride ourselves on diversity of thought and perspective. Nationally chartered, our portfolio of products and services range from VC, PE & Portfolio Companies to SBA Lending, as well as direct SMB and Embedded Banking.
Our entrepreneurial drive allows us to support the growth and success of a wide range of clients at every stage of their business through inclusive partnership. We seek out team members who will enable both our organization and our people to grow and thrive through collaboration and acting with integrity and respect.
Our focus on cross-functional teamwork provides a culture where ideas are valued, accountability is encouraged, and successes are celebrated. We welcome all those searching for the opportunity to contribute to banking innovation that influences and supports the emerging digital world of Financial Services.
Our digital first approach enables our teams the flexibility to work remotely. We have offices in NYC and Boston.
What you'll do:
The Head of Commercial Underwriting will be responsible for managing the timely execution of underwriting and portfolio management processes throughout the Bank's Commercial portfolio. You will work with the Chief Credit Officer to manage the aggregate risk in the Bank’s loan portfolio, and ensure that commercial credit and collection policies, processes and procedures appropriately mitigate the risks inherent in any loan portfolio. This role will coordinate the management and work-out of problem credits, recommending appropriate strategies, attainment of lending objectives and the overall direction and operations of Commercial underwriting.
Responsibilities include:
- Interface with the CCO to ensure the Commercial loan quality and risk rating goals are met while the proper reporting is consistently delivered and communicated
- Meet compliance targets for annual reviews, risk ratings, covenant compliance and collateral monitoring
- Approve credit requests based on delegated approval authority granted while providing critical views on credit requests (including new business, modifications and renewals)
- Build and coach a strong portfolio management and underwriting team through internal development and external talent acquisition. Perform all required personnel actions. Provide leadership over underwriters/portfolio managers supporting the Commercial portfolio
- Interface with the executive team and finance to ensure: (1) budgeting and expense control goals are set and properly met; (2) overall performance goals of the Bank are understood and (3) market trends are analyzed
- Examine files periodically for assurance of credit and collateral documentation, regulatory compliance and loan policy conformance; review technical exceptions and deficiencies
- Prepare written analyses on all large loans, aggregate lending vs. indebtedness for individual borrowers, complex loans and weak loans
- Identify problem loans; discuss the status of problem loans with the CCO and other senior lending officers; identify loans meeting non-accrual or charge-off criteria
- Manage the workout of “problem loans"
- Review the analysis of financial statements for both proposed and existing customers to determine present and future financial strength, liquidity, debt service coverage and value of collateral
- Review discounted cash flows or capital rate analysis to determine future financial performance and asset values
- Review internal asset reviews of existing borrowers for quarterly management review
What you need:
- Bachelor’s degree (B.A.) plus additional lending, compliance and audit related training
- Minimum 8 - 10 years’ experience in bank lending, underwriting, loan review and/or compliance experience or equivalent education in bank lending, loan review/compliance procedures and policies
- Senior level experience in all facets of commercial lending
About
Grasshopper is a client-first digital bank serving small businesses, startups, and investors supporting them across the innovation economy. Our digital solutions cover small business, venture-backed companies, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, commercial real estate lending, and yacht financing. Privately owned and headquartered in New York City, the bank is a Federal Deposit Insurance Corporation member and is an Equal Housing/Equal Opportunity Lender.We're always looking for talented, driven, visionary people to join our team. If you don't see the job that fits your skillset, please send your resume to [email protected].
Similar Jobs
Insurance • Software
Lead and expand Seafarer Marine's nationwide commercial marine underwriting function. Set underwriting strategy, authority levels, pricing, and risk selection. Oversee portfolio performance, partner with actuarial and claims, build broker and carrier relationships, develop underwriting talent, and drive profitable premium growth and product expansion across commercial, ocean, inland marine, and specialty yacht segments.
.png)
Artificial Intelligence • Cloud • Payments • Software • Business Intelligence • Generative AI • Automation
Sell connectivity, data solutions, and AI-powered risk digitization software to insurance carriers and MGA clients across Canada. Responsibilities include developing strategic account plans, acquiring new logos, expanding existing accounts, managing executive relationships, negotiating renewals, forecasting sales, gathering market feedback, and meeting or exceeding quotas. The role uses a consultative solution-selling methodology and involves virtual, telephone, onsite, and industry-event engagements.
Top Skills:
Ai-Powered Risk Digitization PlatformsCrm SystemsExcelMicrosoft OutlookMicrosoft PowerpointMicrosoft WordSalesforceSlack
Automotive • Big Data • Information Technology • Robotics • Software • Transportation • Manufacturing
Build and deploy end-to-end software and analytics products for engineering teams. Responsibilities include developing Python services, TypeScript/React interfaces, relational data models, data pipelines, APIs, and Databricks jobs. The role also involves collaborating with data scientists and stakeholders, deploying production systems on Kubernetes and Azure, maintaining CI/CD and infrastructure-as-code workflows, monitoring services, and contributing to testing, code reviews, documentation, and user-friendly product design.
Top Skills:
AzureCi/CdDatabricksDelta LakeFastapiGitopsInfrastructure As CodeJavaScriptKubernetesNext.JsPostgresPysparkPythonReactReact Server ComponentsSQLSqlalchemyTypescript
What you need to know about the Los Angeles Tech Scene
Los Angeles is a global leader in entertainment, so it’s no surprise that many of the biggest players in streaming, digital media and game development call the city home. But the city boasts plenty of non-entertainment innovation as well, with tech companies spanning verticals like AI, fintech, e-commerce and biotech. With major universities like Caltech, UCLA, USC and the nearby UC Irvine, the city has a steady supply of top-flight tech and engineering talent — not counting the graduates flocking to Los Angeles from across the world to enjoy its beaches, culture and year-round temperate climate.
Key Facts About Los Angeles Tech
- Number of Tech Workers: 375,800; 5.5% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: Snap, Netflix, SpaceX, Disney, Google
- Key Industries: Artificial intelligence, adtech, media, software, game development
- Funding Landscape: $11.6 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Strong Ventures, Fifth Wall, Upfront Ventures, Mucker Capital, Kittyhawk Ventures
- Research Centers and Universities: California Institute of Technology, UCLA, University of Southern California, UC Irvine, Pepperdine, California Institute for Immunology and Immunotherapy, Center for Quantum Science and Engineering
