Underwriting manager job description

How would you like to join one of the most highly regarded community-focused financial institutions in the Tri-State area? Provident Bank is a high-performing, $14 billion company that continues to expand with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. Apply today and discover what our commitment to enhancing our employee and customer experience is all about.

Under general direction from the Commercial Credit Underwriting Director, this position plays a critical role in the commercial credit underwriting process and is responsible for oversight of the various underwriting activities, inclusive but not limited to assignment to work, work in progress management, reviewing and making necessary recommendations to all underwriting documents, risk rating recommendations, and review of loan policy compliance. The Team Leader is responsible for conducting the highest of quality review and analysis of financial and qualitative risk factors of each loan presentation, of both new and existing customers. Ensures timely turnaround of deals assigned to Credit Analysts by proper scheduling of assignments and balancing workload. Collaborates and works cooperatively with the various members of the Commercial Bank and management to ensure service level agreements and customer expectations are met in a timely fashion. Proven attention to detail with C&I underwriting expertise, requiring minimal supervision or guidance from the Commercial Credit Underwriting Director on a daily basis. Provides mentorship and training to all levels of Credit Analysts (Level I - IV) to promote growth from within. Additional responsibilities include but are not limited to: assisting with vendor management, preparation of quarterly WIP report, periodic reviews for policy and compliance management purposes, etc. Responsible for the performance reviews for the regional analysts and goal setting and monitoring. Periodically meets with the Commercial Credit Underwriting Director and Commercial Bank management to review workflow management and escalation of any concerns regarding financial performance or deal structure. Participation in leadership meetings with representation from Credit Underwriting and Commercial Lending to ensure consistent communication across lines of business.

* Review underwriting packages for the regional credit analysts to ensure accuracy in loan analysis, proper risk rating, and adherence to loan policy.

* Responsible for managing day-to-day credit activities as it pertains to the regional Commercial Lending Department workflow for the Commercial Credit Underwriting Department. Including interaction with Department Heads and leadership of the Commercial Bank on a regular basis.

* Consistently reviews workflow and analysis product for efficiency and effectiveness when needed, will perform annual reviews of staff and handle warnings and any other disciplinary actions needed for the regional credit analysts.

* Acts as a mentor to the underwriting team and train less experienced CRE analysts. Participate in special projects as assigned in additional to various vendor management responsibilities.
* May be required to assist or underwrite complex credits from time to time as needed
SUPERVISORY RESPONSIBILITIES
Supervises the team of regional Credit Analysts. This includes interviewing, training and managing employees; planning, assigning and directing work; and addressing and resolving employee complaints and concerns.
SKILLS AND TRAINING
Strong commercial credit underwriting and risk analysis skills.
Strong analytical skills with ability to identify and mitigate risks.
Comprehensive knowledge of commercial loan deal structures.
Strong communication skills necessary to effectively interact with management, department heads and relationship managers and effectively assist in mentoring staff.
Proficient in Commercial & Industrial underwriting and lending including spreads, debt service coverage, and both business and personal cash flow; general knowledge of Commercial Real Estate Underwriting for owner occupied and investment purposes.
Ability to conduct meetings, effectively present information and respond to questions from peers, auditors and various levels of management.
Excellent managerial skills as well as the ability to exercise judgment and resourcefulness in resolving employee questions and issues.
Excellent computer skills, including strong knowledge of and the ability to practically apply modern office software.
Ability to prioritize multiple projects.
EDUCATION
Bachelor's degree in Accounting, Finance or Business Administration. MBA preferred
WORK EXPERIENCE
* Minimum 10 years in banking or financial services industry with 5+ years directly in Credit.
* Prior lending and approval authority a plus
* Formal Credit Training preferred
* Management Experience required
LICENSES AND/OR CERTIFICATES
Licenses and Certifications Expiration Date
None required
WORKING CONDITIONS
Work is performed in a normal office environment. Noise levels are usually moderate.
HAZARDS
The hazards are mainly those present in a normal office setting.
This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.
Featured benefits
* Medical/Dental/Vision Insurance
* Flexible Savings Account
* 401(k)
* Tuition Disbursement and Reimbursement
* College Loan Pay Down Program
* and other great benefits
Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

• Minimum of 5 years of people management experience (required)
• Minimum of 7 years of underwriting experience (required)
• Startup experience (preferred)
• P&C License (preferred)
• BA/BS or comparable work experience
• You have an innovative approach to something the industry has been doing for decades; you're not afraid to try something new using data to measure results, and determine strategic next steps.
• You are highly motivated, goal-oriented, and have the ability to manage details across various projects. Goal crushing is your specialty.
• You are a natural problem-solver who can work amidst ambiguity and bring clarity to undefined processes.
• You're fluent working across various insurance distribution channels.
• You're able to build effective relationships, both internally and externally, and can navigate complex relationships.
• You're hands-on and a self-starter. You have the ability to lead and drive initiatives with little oversight - the persistence and tenacity to break down barriers while also bringing people together towards a common goal.
• You're flexible. You have the ability to work amidst ambiguity and adapt as we grow and expand.
• You have a growth mindset. You're driven to improve performance through continued learning.
• You are data driven. You ask the right questions, and look for key data points to support decisions and performance assessment and communications efforts with our agents and partners.
• You have a demonstrated ability to remain friendly under pressure and resilient to negativity
• You are willing to work evenings and weekends
• A tactful, timely sense of humor is also a must. We're getting funnier but we can still be funnier-er

Clearcover is an Equal Opportunity Employer (EOE) that welcomes and encourages all applicants to apply regardless of age, race, color, religion, sex, sexual orientation, gender identity and/or expression, national origin, disability, veteran status, marital or parental status, ancestry, citizenship status, pregnancy or other reasons prohibited by law.

Did you know that women and minorities are less likely to apply to a position if they don't match 100% of the job qualifications? Don't let that be the reason you miss out on this opportunity! We encourage you to apply anyway. Don't count yourself out!

Offer:

The Personal Lines Underwriting Manager leads a team of Underwriters and Associates to build an engaged culture and ensure sound decisions. This role manages analysis and efficient workflows to support top-line growth and bottom-line profitability objectives. In addition, the role:

* Coaches associates to ensure data analysis and underwriting judgment are consistently used to make sound, timely decisions.
* Mentors associates in career development and holds one-on-one meetings.
* Leads a team of underwriters and builds a motivated, curious, collaborative, and engaged culture.
* Manages associates and team: performance, service levels, back log, work load, and organization.
* Ensures compliance to policies, rules and regulation through portfolio reporting and policy level quality validation audits.
* Operates in a professional, customer friendly manner even with adverse decisions.
* Conducts data analysis on portfolios of risk to identify issues and trends.
* Identifies workflow, process improvements and documents business requirements for change.
* Collaborates with other departments to resolve issues through a team approach.
* Hires, trains, and develops associates while managing resource capacity.
* Other duties as assigned.

Profile:

Qualifications :

Required:

* Bachelor's Degree, Supervisor's certification, CPCU or other industry coursework/designation.
* 3+ years of underwriting experience.
* Excellent written and verbal communication skills, leadership, time management, and process improvement skills.

Preferred:

* Advanced Degree in applicable field.
* Insurance background and/or data analytics experience.
* 2+ years supervising exempt associates, teams or process, preferably in underwriting.
* Advanced skill in Excel, Cognos, or Access.
* Ability to embrace and promote change.

At American Modern, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.