Job summary
Job post source
This job is directly from Amalgamated Bank
Job overview
The CRE Credit Underwriter II at Amalgamated Bank plays a key role in reviewing and approving commercial real estate loan transactions, impacting the bank's growing CRE portfolio.
Responsibilities and impact
The role involves analyzing financial statements, conducting due diligence, preparing credit memorandums, presenting to the credit committee, managing credit risk, and supporting loan approval and monitoring processes.
Compensation and benefits
The starting base salary ranges from $110,000 to $125,000, with actual pay depending on experience and skills; the bank offers a hybrid work model and is an Equal Opportunity Employer with various benefits.
Experience and skills
Requires a bachelor's degree in Accounting, Finance or related field, formal credit training, and 3+ years of underwriting experience in commercial banking or real estate credit, with strong financial analysis and communication skills.
Work environment and culture
Amalgamated Bank values diversity, inclusion, and equity, fostering a respectful workplace and offering a hybrid work schedule for office-based roles.
Company information
Amalgamated Bank is a socially conscious bank founded in 1923, actively expanding its commercial real estate portfolio across major U.S. regions.
Job location and travel
The position follows a hybrid work model with three or more days on-site per week and remote work on Fridays, with some exceptions based on role requirements.
Application process
Applicants should note that Amalgamated Bank does not accept unsolicited search firm submissions and considers candidates who have interviewed in person with the hiring manager.
Unique job features
The job features involvement in diverse CRE asset classes and requires managing multiple complex transactions simultaneously in a dynamic, socially responsible banking environment.
Company overview
Amalgamated Bank is a socially responsible financial institution that offers a range of banking services including personal and business banking, loans, and investment products. Founded in 1923 by the Amalgamated Clothing Workers of America, it has a long history of advocating for workers' rights and social justice. The bank generates revenue through interest on loans, service fees, and investment income. Known for its commitment to sustainability and ethical banking practices, Amalgamated Bank is a certified B Corporation, emphasizing its dedication to social and environmental performance.
How to land this job
Position your resume to underscore your expertise in commercial real estate credit underwriting, emphasizing your experience with multi-family, industrial, retail, and office asset classes in line with Amalgamated Bank's portfolio focus.
Highlight your skills in financial statement analysis, credit risk assessment, and preparation of detailed credit memorandums and deal presentations, showcasing your ability to support credit committee approvals effectively.
Apply through multiple channels including Amalgamated Bank's official corporate careers page and LinkedIn to maximize your application visibility and ensure your resume reaches the right hiring managers.
Connect with professionals in Amalgamated Bank's credit risk management and origination teams on LinkedIn; initiate conversations by referencing recent bank initiatives in CRE growth or asking about the team’s approach to credit risk evaluation to break the ice.
Optimize your resume for ATS by including keywords such as 'credit underwriting,' 'CRE loan transactions,' 'financial analysis,' 'credit memorandums,' and 'risk assessment' to ensure it passes automated screenings.
Utilize Jennie Johnson's Power Apply feature to automate tailored applications, identify multiple application portals, and generate personalized LinkedIn outreach, allowing you to focus your energy on interview preparation and networking.
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