Underwriter – Life Insurance Finance

Underwriter – Life Insurance Premium Finance

• Posted on September 1, 2026

Showing 1 location

Bedminster, NJ 07921, USA

• On-site
• Full-Time
• Requisition #: UNDER
  002318

Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank and a leader in wealth, lending, and deposit solutions. We provide a broad range of sought‑after products and services designed to help our clients establish, maintain, and grow their legacy through an innovative approach to private banking.

What makes Peapack Private different from our competition? As an institution with over 100 years of history, we have always believed in putting the well‑being and needs of our employees and clients first. We are proud to be recognized by American Banker for the eighth consecutive year as one of the nation’s “Best Banks to Work For.” Our secret sauce, in a word, is our culture.

We value a diverse, equitable, inclusive, and safe workplace. Our one‑team culture goes to great lengths to show all employees that they are valued members of the organization. We treat one another like family and communicate across the Bank in a transparent and frequent manner, respect and consider feedback from all levels, and operate with a philosophy grounded in hospitality and genuine human kindness.

There are multiple ways to build relationships and get involved; from joining one of our Cultural Ambassador sub‑committees (focused on Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness), to participating in community service activities through our Volunteerism outreach, to joining LIFT (Leading Inspiring Females Together), a committee focused on enriching the lives of women. Simply put, our culture is amazing.

Department:

Credit & Underwriting Commercial loan assets are an important revenue stream for Peapack. Commercial banking is divided into two sub sectors, commercial real estate lending which involves financing the acquisition of properties, and commercial and industrial commercial banking loans, which help companies get started or expand. Peapack credit risk management is responsible for lending production, underwriting, and closing of investment grade loans, and the credit administration of these loan assets thereafter.

Position Summary:

Underwriter I is responsible for supporting the Life Insurance Premium Finance underwriting and lending team in the evaluation, structuring and ongoing monitoring of life insurance premium finance transactions. The role involves evaluating borrower and guarantor financial capacity, life insurance policy performance and collateral values, insurance carrier strength and the overall structure and repayment of credit facilities. Prepare credit approval packages, annual and periodic reviews and ensure compliance with Bank’s credit policies, risk appetite and regulatory requirements.

The ideal candidate is detail‑oriented, analytical, and eager to develop in a fast‑paced commercial banking environment.

Responsibilities:

• Analyze borrower, guarantor and related party financial information, including personal and business financial statements, tax returns, cash flow, net worth and other relevant financial information to assess repayment capacity and overall creditworthiness.
• The underwriting of new life insurance premium finance loan requests, including the preparation of loan approval memos and packages for review by senior underwriters and credit approvers.
• Review life insurance policy information, including policy illustrations, premium schedules, cash surrender values, death benefits, policy charges, interest crediting assumptions, and other relevant policy characteristics.
• Evaluate the adequacy and expected performance of life insurance collateral, including analysis…