Banker – Credit Underwriter and Portfolio Management

Position:                                 Banker – Credit Underwriter and Portfolio Management

Department:                         Emigrant Bank Fine Art Finance

Reports To:                            Partners

Employment Status:        Full Time, Exempt

Office Location:                   New York, NY

Supervise:                              N/A

Job Summary:

Emigrant Bank Fine Art Finance seeks an entrepreneurial Private Banker with ten + years of experience working with high net worth (HNW) and ultra-high net worth (UHNW) clients, delivering bespoke banking and credit solutions. This role combines business development, credit underwriting/structuring, portfolio management and cross-functional collaboration.

Emigrant Bank Fine Art Finance is a boutique firm that finances fine art, collectibles, wine, classic cars, rare stringed instruments, and a broad range of valuable specialty assets. Compensation and benefits commensurate with experience.

Responsibilities include:

• Serve as a key member of the deal team in the underwriting and loan approval process.
• Screen inquiries, extensive due diligence and underwriting.
• Structure, underwrite and manage sophisticated credit facilities (e.g., secured lending, bespoke credit, asset backed lending and upcoming new products.
• Draft and negotiate term sheets, pricing, conditions, collateral, documentation. 
• Perform financial statement and cash-flow analysis, credit risk assessment, covenant monitoring. 
• Prepare credit documentation for facilities, liaising with legal counsel
• Monitor credit portfolio, ensure asset quality, early identification of risk-issues, mitigation strategies. 
• Support management of pipeline and business development: maintain prospect lists, referral networks (COIs –attorneys, accountants, financial services firms), external partnerships. 
• Operational & risk-management responsibilities: ensure credit approvals and documentation comply with internal policy/regulation (AML/KYC/whatever applies), maintain controls and oversight. 
• Manage loan approval process and all necessary work to document and close the transaction.
• Manage portfolio and loan servicing.

Qualifications:

• Bachelor’s degree in Finance, Economics, Business or related field (MBA preferred).  
• Minimum 10 years of relevant experience in private banking/wealth management with credit underwriting/structuring experience.  
• Strong technical credit skills: ability to analyze financial statements, perform cash-flow modelling, evaluate collateral, structure credit deals.  
• Demonstrated success in relationship management with HNW & UHNW clients and business development skills. 
• Excellent analytical, writing, communication and presentation skills
• Strategic mindset, ability to work collaboratively.
• Strong business ethics, high standards of client service, and knowledge of banking regulation/compliance.  
• Formal private bank credit training program is a plus
• Understanding of regulatory requirements and risk
• Self-motivated individual capable of working on multiple deals
• Proficient personal computer skills including Outlook, Excel, Word, Adobe, strong record keeping, routine database activity