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Asset Based Lending Underwriter Vice President

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Job #: 14780
Status: Active
Title: Asset Based Lending Underwriter Vice President
Job Location: IL-Chicago
Lower Midwest (IL, IN, IA, KS, KY, MO, NE & OH)
Job Categories: Commercial Lending - General; Specialty Lending
Industries: Banking; Financial Services
Base Compensation:
Low: $110,000       High: $150,000
Total Compensation:
Low: $110,000       High: $175,000
Bonus, Incentives, etc.: Bonus
Benefits: Competitive
Overnight Travel: Limited Travel
Is Employer Willing to Relocate?: No
Employment Type: Full Time / Direct Hire
Why is This a Great Opportunity?
ABL Underwriter will transaction oriented; asset based lending; complex and interesting financing structures for companies in LBO, turnaround, recapitalization and high growth situations. Pure lending. No origination pressure nor cross selling of bank products/services.
Job Description:
Vice President of Asset Based Lending will underwrite new asset based loans to corporate and industrial borrowers in leveraged buyout, distressed, recapitalization or high growth situations.
  • ALB underwriter will complete a comprehensive loan financing memorandum and facilitating the loan approval process
  • Assess the creditworthiness of prospective clients by working closely with the Business Development Officers, Relationship Managers, Senior Credit Officers and management.
  • Develop a solid working relationship with prospective borrowers, key referral sources (Private equity firms, investment banks, bank groups, syndication groups, etc.) and other potential senior/junior lending partners.
  • Coordinate and schedule and analyze appraisals, valuations and field examinations.
  • This position will facilitate the loan approval process prior to credit committee approval. Post approval coordinates the take-over field examination and documentation.
    Mandatory Minimum Qualifications - Must Have: Minimum of five years experience in Asset Based Lending. ABL Underwriting experience required, including legal documentation and loan closing experience. Oriented toward a deal driven environment and be capable of managing multiple transactions simultaneously under tight time pressure.
    Preferred Qualifications: Exposure/experience within the leveraged cash flow or asset based lending business is helpful but not required. Business/Accounting/Finance/Economics degree preferred. MBA a plus. Some travel required.
    Education: Bachelor's
    Certifications: None
    Licenses: None
    Total Years of Experience: 7-8+
    Years of Experience in Present Position: 3-4+
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