Senior Specialty Underwriter

What makes Peapack Private different from our competition? We are an institution that's over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first.

We are proud to be recognized for the seventh consecutive year, by American Banker as one of the 'Best Bank to Work For' across the nation.

Our secret sauce in one word is our 'culture'.

We value a diverse, equitable, inclusive and safe workspace.

Our one-team culture goes to great lengths to show all employees that they are valued members of the team.

We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.

There are multiple ways to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women - Leading Inspiring Females Together).

Said quite simply, the culture is amazing!
Position Overview:

This position is responsible for independently evaluating, structuring and underwriting the most complex C&I and specialty lending transactions including highly leveraged, enterprise value reliant, structured finance and sponsor finance/private equity backed transactions.

Candidate must be experienced in analyzing complex financial statements and projections and conducting due diligence and structuring loans including those to support leveraged buyouts, acquisitions and recapitalizations.

The ideal candidate will have a strong understanding of commercial lending practices and the ability to make sound credit decisions.

Act as a mentor to more junior team members.

Key Responsibilities:



* Credit Analysis: Independently evaluate complex financial statements, cash flow projections, and business plans to determine the creditworthiness and financial stability of the Borrower.

For specialty transactions, the evaluation includes determining leveraged lending classification, sensitizing management projections including an underwriting case and downside case, incorporate structural nuances, with assumptions that assess the borrower's capacity to repay in a reasonable timeframe.



* Loan Structuring: In collaboration with the deal team, develop and recommend appropriate structuring options (loan terms, conditions, and covenants) that align with the bank's risk profile and the borrower's repayment and business risk strategy.



* Risk Assessment: Identify, assess and mitigate risks associated with the transaction.

Identify performance drivers, project future performance and anticipate ability to repay debt; apply industry knowledge and research across transactions.

If applicable, identify and ass...