SBL Underwriting Specialist

Leader Bank is looking for exceptionally dedicated team members to join one of the country's fastest growing community banks and mortgage lenders. At the time of its founding in 2002, Leader Bank had one branch office, $6.5 million in assets and 7 team members. Since then, the Bank has become one of the most successful banks in Massachusetts with $5 billion in assets, more than 400 team members, 6 branch offices, and annual mortgage originations of over $3 billion.
Exemplary products and an innovative spirit have driven Leader Bank's rapid growth over the years, and our team members embrace these values. Our mission is to obsess over our clients, make them feel valued, and maintain long-term relationships with them by constantly enhancing our products and processes to always improve our client experience. For our team members, Leader Bank prioritizes competitive compensation and benefits, a healthy work-life balance, and an environment that fosters diversity and inclusion.
Summary
The Underwriting Specialist for Securities-based lending leads and participates in various operational processes, reporting, system testing, process development, training and project management.
Responsibilities

• Underwrites new securities-based lending applications, evaluating credit reports and performs due diligence on new applicants for loan decisioning
• Independently interprets underwriting guidelines and keeps necessary parties informed relative to changes and updates
• Works with other partners of the SBL team to resolve issues related to loan applications and existing credit lines
• Trains of assists with training new team members
• Calculates excess collateral and deciding upon allowing collateral release requests
• Manages collateral restriction documentation and execution processes
• Creates and delivers client communications on SBL account transactions
• Executes servicing & account maintenance related functions on SBL accounts
• Monitors for high-risk loans and transactions daily
• Conducts data analytics and reporting as required, including preparation of any regulatory or management reporting
• Develops, analyzes data analytics and reporting as required, including preparation of any regulatory or management reporting
• Creates procedures, delivers a training programs, and oversees outsourced operations and audits
• Additional responsibilities as required to support a growing business line

Qualifications

• Bachelors' Degree or equivalent experience
• Prior experience with banking or securities-based lending
• Must be a proactive self-starter, willing to take accountability and support the evolution and expansion of a growing business line
• Client-centric individual, capable of working in a team environment
• Strong attention to detail & problem-solving skills with ability to exercise prudent judgment making quick decisions in a fast-paced environment
• Excellent interpersonal and communication skills
• Previous experience in banking / credit operations with analytics and reporting skills

Leader Bank offers an excellent compensation and benefits package including 401k plan with corporate match, medical and dental insurance, and the opportunity to work for a fast growing, local organization.
Leader Bank, N.A. is an Equal Opportunity and Affirmative Action employer and does not discriminate on the basis of race, color, religion, age, gender, marital status, sexual orientation, national origin, disability, military status, veteran status, or any other protected class.
The base salary range below represents the low and high end of the Leader Bank salary range for this position. Actual salaries will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance.
Salary Minimum: $90,000.00 - Salary Max: $110,000.00
The range listed is just one component of Leader Bank's total compensation package for team members. Other rewards may include annual bonuses, commissions, short- and long-term incentives, and program-specific awards. In addition, Leader Bank provides a variety of benefits to eligible team members, including health insurance coverage, a team member wellness program, life and disability insurance, a retirement savings plan, paid holidays and paid time off and vacation.
Leader Bank, N.A. is an Equal Opportunity and Affirmative Action employer and does not discriminate on the basis of race, color, religion, age, gender, marital status, sexual orientation, national origin, disability, military status, veteran status or any other protected class.
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