Sr Manager, Underwriting - Lawn & Garden/Specialty Finance & New Initiatives

Company: Huntington Bancshares, Inc.
Location: Minnetonka
Posted on: May 26, 2023

Job Description:

DescriptionPosition Summary:Overall responsibility for underwriting activities and personnel leadership for assigned portfolios in select vertical industry segments. The incumbent will be a thoughtful leader with deep domain expertise in credit risk management and excellent communication/ organizational skills.Align with Portfolio General Managers and Sales Leadership to establish underwriting expectations from exclusive and non-exclusive program partners. Develop and motivate a team of Underwriting Managers and Analysts to drive deal flow decisioning in a timely manner to deliver a positive customer experience in a dynamic environment while adhering to Huntington's credit risk appetite, policies, and procedures.Engage with Credit Leaders in Line 2, Credit Review, Compliance, Audit, and other departments to continuously drive effectiveness, efficiency, and compliance of underwriting activities. Make recommendations for policy or procedure modifications as needed.Responsibilities:

• Lead and develop the underwriting team by effectively building bench strength, maintaining appropriate staffing, and training. Responsible for setting goals and monitoring productivity to align with customer expectations. Evaluate organizational structure, quality of talent, and budget on a periodic basis.
• Develop and monitor relevant production/quality metrics to optimize decision turnaround times, customer experience, and quality of underwriting. Develop a culture of collaboration and continuous improvement.
• Ensure that the Underwriting Managers and Analysts have awareness and understanding of policies, guidelines, procedures, and regulatory requirements.
• Review and approve transactions within credit authority and make recommendations on those outside of credit authority. Implement a process to periodically review quality of underwriting at lower levels of credit authority.
• Drive efficiency for underwriting personnel through optimum utilization of tools available (e.g. credit scoring, InventoryEngine workflow) and engagement with portfolio and onboarding leaders to enhance cross-functional workstreams that will enable a better customer experience and colleague empowerment.
• Interact with customers and prospects as a part of the credit due diligence process. Collaborate with General Managers to develop proposals that are creative and align with HDF's risk appetite and growth strategies. Coordinate with Line 2 Credit personnel to effectively position new programs, new deals, and credit line increases.
• Maintain credit quality through prudent underwriting and partnering with Portfolio Control to minimize delinquency, non-accruals, losses and levels of criticized Assets. Liaise with General Managers, Sales Leadership, and Portfolio Managers to develop a shared understanding of portfolio credit quality and controlled growth. Assist Portfolio Control team as needed in analyzing and structuring to minimize loss on high risk/SLR and workout accounts.
• Monitor level of Loan Criteria Exceptions, industry concentrations, delinquencies, LQAS exception levels, and other portfolio monitoring and performance measures to within appropriate standards. Consult with Lin2 Credit Leadership regarding findings and/or observations.
• Collaborate and make recommendations to Line 1 Executive Management and Line 2 Credit Leadership on appropriate industry specific underwriting criteria and delegation of authority to stay current in a dynamic competitive environment.
• Support internal and external examinations/audits and collaborate with Line 2 Credit Leadership to respond timely to audit/exam inquiries and findings. Lead implementation of any policy or process enhancements to comply with audit/exam findings and recommendations within committed time frames.
• Effectively manages the department functions while meeting and adhering to corporate, legal, compliance and regulatory policies. Work with the Compliance and Legal departments for updates, procedure changes or development, and resolution of issues. Regularly review Policy, Guidelines, and Procedures for updates needed.
• Interact with Underwriting & Credit Leaders from other Huntington businesses and departments as needed to share and adopt best practices.
• Lead implementation of special projects as neededEducation:Required: Bachelor's degree in Finance, Accounting field or equivalent work experience.Preferred: MBA or Master'sWork Experience:
  • 10+ years of demonstrated leadership experience: coaching/building Underwriting teams and special projects.
  • 15+ years' credit underwriting experience with at least 5 years of specialty finance credit experience
  • Detail oriented with the ability to analyze in detail complex financial statements including cash flow, leverage, collateral, and customer strength.
  • Excellent quantitative analysis skills
  • Excellent written/verbal communication, presentation, and negotiation skills
  • Ability to make sound business judgments while protecting HDF interests
  • Experience in portfolio analysis, reporting and credit scoring.
  • Good technical skills, including experience with Word, Excel, PowerPoint, and Outlook
  • Solid experience with secured lending including Security Documentation; UCC's, Security and Priority Agreements, etc.
  • Experienced use of asset-based credit structuring techniques to mitigate riskExempt Status: (Yes= not eligible for overtime pay) (No= eligible for overtime pay)YesWorkplace Type:HybridHuntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position

Keywords: Huntington Bancshares, Inc., Minnetonka , Sr Manager, Underwriting - Lawn & Garden/Specialty Finance & New Initiatives, Executive , Minnetonka, Minnesota