Hanover Bank is looking for a full-time Senior Commercial Underwriter. The Senior Commercial Underwriter is responsible for underwriting commercial loans, inclusive of C&I and CRE loans while ensuring compliance with appropriate company credit policies and procedures. They will analyze the character, collateral, cash flow, capital, and conditions of every credit request and make an informed and objective credit decision.

Examine overall credit file documentation to ensure accuracy and completeness. Review financial statements, tax returns, personal financial statements, loan-to-value ratios, credit reports, appraisal reports, and Phase I reports. Analyze all cash flow information and collateral. Perform required underwriting stress tests on proposed commercial originations. Discuss any potential underwriting exceptions and review with the Director of Commercial Credit Discuss new loan transactions with the sponsoring Lending Officer and, when appropriate, Senior Management. Prepare written credit memos for new loans or renewals to be submitted for signature approval or to the Loan Committee for approval. Assist in ensuring loan processing staff procure the appropriate information that is necessary to finalize incomplete loan packages. Stay abreast of any changes in loan underwriting policy and procedural changes. Effectively communicate with clients on underwriting issues or the need for additional data. This includes reaching out to customers directly when required to secure additional credit information necessary to process the new credit transaction. Periodically perform reviews and cash flow assessments on commercial loans to ensure sufficient debt service coverage, collateral coverage, and appropriate risk rating classifications. Ensure compliance with all regulations, policies, and procedures. Stay abreast of market conditions affecting commercial real estate market or local market information affecting C&I customers. Perform portfolio management including loan extensions, renewals and modifications on existing loans. Perform annual reviews including risk rating recommendations on existing loans. Perform other miscellaneous credit-related responsibilities as needed. Mentor Commercial Underwriters including providing support, training and guidance on best practices Review the Credit Memos of Commercial Underwriters to ensure accuracy and to provide feedback Aid in the development of underwriting processes and procedures

Education and Experience

A College degree in Business, Finance, or a related field is preferred, but not required. 10-15 years of experience in CRE and/or C&I underwriting Formal Credit training or commensurate training or experience

Team player with the ability to adapt to changes, multi-task, and work in a fast-paced growing environment. Knowledge of financial statement spreading and credit analysis. Technical skills including the use of the Microsoft Office Suite.
Ability to effectively train and mentor Strong verbal and written communication skills

Medical, Dental and Vision (including HSA, FSA & Commuter Benefits) Company-paid benefits to include life insurance and AD&D plus long-term disability Voluntary Benefits (including additional life insurance and AD&D insurance for yourself, your spouse and/or you dependent children, Voluntary Short-Term Disability, Pet Insurance and Legal Services) Supplemental Health Benefits (including Accident insurance and Hospital indemnity insurance) Retirement- 401(k) with Company Match Paid Personal Time Off (PTO) & Paid Company Holidays

Salary: $125,000.00 - $154,000.00 annually; placement within this range will vary based on experience and skill level.

Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.