As an underwriter at Amalgamated Bank, you’ll have opportunities to puzzle through how to finance world-changing projects led by clients who are striving for a more inclusive, just, and equitable society. We tackle today’s most pressing social issues and use finance as a tool to bring the future our clients envision into the present. When we come to work, our passion for socially responsible lending means we analyze cash flows and want to know whether deals create affordable housing for working families. We ask whether secondary repayment sources mean that women and their partners can access high-quality healthcare. We are in the fight against climate change, and when we come to work, we structure loans to bring the clean energy future closer day-by-day. We are searching for applicants who are driven by purpose, who crave impact, and possess the analytical skills necessary to solve complex business problems. Purpose of Position: To support the underwriting of our mission driven loans to institutions that are values aligned and include foundations, unions, social advocacy organizations, progressive companies, and clean energy projects. To support business development officers in the origination and execution of new loans. The person who fills this position will work closely with origination and credit risk management teams to review and analyze financial statement reports, conduct due diligence, assess credit risk, prepare deal screen presentations, write credit approval memorandums, present recommendations to the credit committee, help structure transactions, and monitor and manage the credit portfolio. This is a hybrid role reporting 3 days on-site to our NYC or DC office. Essential Job Functions: + Collaborate with potential borrowing customers to determine credit needs and develop appropriate loan structures that meet both client needs and bank requirements + Prepare comprehensive credit memorandums that provide rationale, opinions and in-depth analysis of new credit requests + Assist in the presentation of transactions to credit committee in support of approval + Maintain a thorough understanding of the Bank’s lending policies and procedures, identifying any exceptions to credit policy + Recommend appropriate risk ratings in accordance with credit policy guidelines + Participate in meetings and conference calls on transactions, lead due diligence discussions, and develop deal indicative term sheets and deal screen presentations + Prepare comprehensive credit memorandums that provide rationale, opinions and recommendations regarding proposed loans. Present transactions to credit committee in support of approval + Assist in quarterly and annual credit reviews as needed + Perform other duties as directed Knowledge, Skills and Experience Requirements: + Bachelor’s degree in accounting, finance, or related field with proven academic excellence; MBA preferred + Formal credit training and minimum of six (6) years of underwriting and/or portfolio management experience within a U.S. regulated commercial banking lending environment + Knowledge of middle market C&I cash flow lending, owner occupied mortgages, non-profit lending, CDFIs, New Market Tax Credit Finance and structured lending preferred + A passion to support socially minded organizations + Highly proficient financial analysis skills, including financial modeling and understanding of financial data (e.g., balance sheets, income statements, cash flow statements, financial ratios) + Strong verbal, written, inter-personal, and public presentation skills + Proven organizational skills; able to work independently and be detail oriented + Ability to manage multiple long-term transactions simultaneously and prioritize assignments to meet deadlines + Proficiency in the Microsoft Office suite (including Excel, Word, PowerPoint, etc.) and familiarity with Moody’s Credit Lens is a plus Our job titles may span more than one career level. The starting base salary for this role is between $110,000.00 – $120,000.00. 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.