Grasshopper Bank
Grasshopper Bank
51 – 200 Employees
APIBankingFintech
Grasshopper Bank is a digital-first banking and fintech company serving small businesses, startups, and venture capital firms. Its offerings include business checking and savings accounts, startup banking, SBA and venture capital lending, embedded finance, and API banking. The bank also provides operating accounts, treasury management tools, and digital services that support bookkeeping, cash flow management, and payment processing. With a team of 51–200 employees, Grasshopper Bank operates at the intersection of banking, fintech, and API-enabled financial services.

Head of Commercial Underwriting - Grasshopper Bank (Remote, New York)

Lead commercial loan underwriting, portfolio risk management, and problem-loan workouts for digital bank Grasshopper Bank. Manage credit teams and commercial lending operations in a remote New York role.

Description

  • Oversee timely underwriting and portfolio management across the Bank’s commercial loan portfolio
  • Partner with the Chief Credit Officer to manage aggregate loan portfolio risk
  • Maintain commercial credit and collection policies, processes, and procedures that reduce portfolio risk
  • Coordinate the management and workout of problem credits
  • Set underwriting strategies, lending objectives, and the direction of Commercial underwriting operations
  • Work with the CCO and Deputy CCO to achieve loan quality, risk-rating, and reporting objectives
  • Meet compliance requirements for annual reviews, risk ratings, covenant compliance, and collateral monitoring
  • Approve new business, modifications, renewals, and other credit requests within delegated authority
  • Build and develop the portfolio management and underwriting team while leading underwriters and portfolio managers
  • Collaborate with executive leadership and Finance on budgets, expense management, performance objectives, and market trend analysis
  • Review files for credit and collateral documentation, regulatory compliance, and adherence to loan policy
  • Produce written analyses of large loans, borrower indebtedness relative to aggregate lending, complex loans, and weak loans
  • Identify problem loans and loans that meet non-accrual or charge-off criteria
  • Evaluate customer financial statements, discounted cash flows, capital rate analyses, and internal asset reviews

Requirements

  • Bachelor’s degree with additional training related to lending, compliance, and auditing
  • At least 8–10 years of experience in bank lending, underwriting, loan review, compliance, or equivalent education in lending and related policies and procedures
  • Senior-level experience across all areas of commercial lending

Benefits

  • Flexible remote work supported by a digital-first operating model

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