Senior Commercial Underwriter

About Us

Hanover Bank – When you love your work and the people you work with, careers are made! We embrace diversity, value inclusion, and show respect as the foundation of our team. Inclusion here means respecting personal beliefs and appreciating diverse perspectives. We are stronger together as we move toward a shared vision of personal and corporate growth.

Whether you are just starting out or a seasoned professional, working for Hanover Bank can launch you on a path to success. With a passion for excellence, we strive to deliver exceptional service to our clients, foster a positive impact in the communities we serve, and help our team members achieve their professional goals. When you work with us you are empowered, engaged, and encouraged to collaborate because every voice matters, every person counts!

Position:
Senior Commercial Underwriter (Full‑time)

Location:

Hauppauge, NY

The Senior Commercial Underwriter is responsible for underwriting commercial loans, including C&I and CRE loans, while ensuring compliance with company credit policies and procedures. The role involves analyzing character, collateral, cash flow, capital, and conditions of every credit request to make informed and objective credit decisions.

• 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 Senior Management when appropriate.
• 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 the loan processing staff procure the appropriate information 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, including reaching out to customers directly when required to secure additional credit information 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. Perform additional accountabilities as required.
• Stay abreast of market conditions affecting the 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 provide feedback.
• Aid in the development of underwriting processes and procedures.

• Bachelor's degree in Business, Finance, or related field (preferred, but not required)
• 10 or more years of experience in CRE and/or C&I underwriting
• Formal credit training, or commensurate training or experience
• Knowledge of financial statement spreading and credit analysis
• Proficiency in Microsoft Office Suite
• Knowledge of financial analysis and risk management software

• Team player with the ability to adapt to changes, multitask, and work in a fast‑paced, growing environment
• Ability to effectively train and mentor
• Strong verbal and written communication skills

• Medical, Dental, and Vision insurance (with HSA, FSA, and commuter benefits options)
• Company‑paid Life Insurance and Accidental Death & Dismemberment (AD&D)
• Company‑paid Long‑Term Disability Insurance

• Additional Life and AD&D Insurance for employee, spouse, and dependents
• Voluntary Short‑Term Disability Insurance
• Pet Insurance
• Legal Services Plan
• Accident Insurance Hospital Indemnity Insurance
• Cancer Care Insurance

• 401(k) Plan with Company Match

• Paid Personal Time Off (PTO)
• Paid Company Holidays
• Annual Performance Bonuses
• Annual Salary Increases

• Company‑sponsored Events
• Employee Contests and Recognition Programs

Salary: $ - $

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.