Credit Underwriter - AVP

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan.

SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network.

The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $90,000.00 and $. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award.

In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Underwrite lease and loan equipment finance transactions. The ideal candidate will have experience underwriting direct origination and syndicated loans and leases for commercial vehicle, construction, and machine tool transactions. Responsible for managing competing priorities and constantly maintaining excellent communication with all key stakeholders throughout the underwriting process. Implementation of the credit policy and flow of incoming requests. Additionally, this role will also provide appropriate credit risk analysis for ongoing portfolio management related items.

• Coordinate with Sales to ensure the pipeline flow for credit deals are assigned to underwriters and track the progress until the approval obtained.
• Underwrite credit lease and loan transactions including complex lease, loan, factoring, Japan Direct and any other new product transactions as a preparer to support the pipeline flow and turnover time. The underwriting to be comply with SMFL Credit Policy, CRVD standards and other SMBC credit and compliance regulatory expectations.
• Ensure that all Underwriting Policy and RAC exceptions are identified, tracked and monitored during the credit risk management process.
• Participate in Annual Review monitoring and Self-Assessment process per schedule and plan in advance with the team to compete the reviews in timely manner for all business segments and ensure accurate risk rating and classification ( JP and US) are determined.
• Assist efforts to work towards reducing the credit losses by having quality underwriting practices and credit monitoring practices.
• Assign internal Risk rating /JP and US Reg classification ratings, update applicable scorecards, monitor limits, oversee data accuracy to ensure compliance with business and institutional guidelines and ensure data integrity in the credit systems.
• Assist in the credit approval process for deal post-closing amendment/modifications, consent, waiver requests and comply with the SMFL policy and procedure.
• Maintain organized credit files for credit, regulatory, and compliance purposes.
• Assist Managers who handle lease portfolios regarding credit maturities and manages all requests for extensions. Gathers documentation and/or perform due diligence required to approve leases.
• Assist Manager to monitor and manage delinquencies with collaboration with Collection team and Sales team using…