Emigrant Bank

Compensation

Full Description

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 New York pay range: $400,000 USD - $500,000 USD