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Amalgamated Bank (“AB”) is a socially conscious bank founded in 1923. AB is actively growing its CRE portfolio with multi-family, industrial, retail, office, and other asset classes in the Northeast, Mid-Atlantic, California and major gateway cities. The Credit Underwriter II will be an integral part of the loan review and approval process for new CRE loan transactions.

The Credit Underwriter II will work closely with the origination team and credit risk management in reviewing and analyzing financial statement reports, conducting due diligence, assessing credit risk, preparing deal screen presentations, writing credit approval memorandums, presenting recommendations to the credit committee, and monitoring and managing the credit portfolio.

The Credit Underwriter II will be expected to work on numerous deals simultaneously. The job requires a self-starter capable of independently completing work in a thoughtful and thorough manner, while evaluating all risks associated with complicated CRE credit transactions.

By joining our team, you’ll be joining a Bank that believes that that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers.

Essential Job Functions:

1. Prepare comprehensive credit memorandums that provide in-depth analysis of new credit requests and analyze risks and mitigants of loan structures.

2. Work with the origination team and credit as risks are uncovered during the underwriting/closing process.

3. Assist in the presentation of transactions to the credit committee in support of approval.

4. Maintain good working knowledge of the Bank’s lending policies/ procedures and identify exceptions to credit policy.

5. Recommend appropriate risk ratings in accordance with credit policy guidelines.

6. Attend meetings and/or conference calls on transactions, lead due diligence discussions and guide the deal though the approval process.

7. Assist in annual credit reviews.

8. Perform other duties as required by the job.

Knowledge, Skills and Experience Requirements:

1. Bachelor’s degree in Accounting, Finance, or other related field with proven academic excellence.

2. Formal credit training and 3 + years of underwriting experience within a Commercial Bank or other real estate credit lender.

3. Highly proficient financial analysis skills, including financial modeling and understanding of financial data for CRE loan transactions.

4. Ability to work well on a team with different personalities, adjust quickly to various work situations, and remain composed under pressure/in stressful situations.

5. Ability to work on multiple long-term transactions simultaneously, while prioritizing assignments to meet deadlines.

6. Strong verbal, written, inter-personal, and public presentation skills.

7. Proven organizational skills; able to work independently and be detail-oriented.

Our job titles may span more than one career level. The starting base salary for this role is between $110,000.00 – $125,000.00. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans . (https://www.eeoc.gov/sites/default/files/migrated\_files/employers/poster\_screen\_reader\_optimized.pdf) AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement (https://www.amalgamatedbank.com/sites/default/files/pay-transparency.pdf) . Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.

Hybrid Work Model

Effective February 18, 2025, employees in office-based positions will be working a Hybrid work schedule consisting of three days or more, on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence. This Hybrid work model does not apply to, and daily in-person attendance is required for, the contact center, branch service roles, and general services where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance does not apply to roles that have been designated as “remote”.

Search Firm Representatives- Please Read Carefully

Amalgamated Bank does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for the position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.