Experienced Credit Professional

GERARD CARDINALE

**-** **** ****** *******, New York 11378

Ph: 718-***-**** *******@***.***

VP/ AVP / COMMERCIAL CREDIT OFFICER / UNDERWRITER

Internal Audit / Portfolio Manager / Senior Credit Analyst

VP/AVP/Commercial Credit Officer level credit specialist with over 20 years of combined experience primarily focused on underwriting commercial real estate loan proposals for mixed-use, multifamily investment properties (owner occupied and non-owner occupied), one to four family residential investment properties (owner occupied and non-owner occupied) and condominium, co-op retail and residential investment properties. I also have experience in underwriting C&I loans, middle market loans, not for profit loans, as well as loans for charities and religious organizations in a banking environment. Advanced ability to assess and minimize credit risk, streamline processes, and manage escalated issues related to borrowers, credit applications, risk analysis, loan documentation and loan policy and credit procedures.

• Strong team leadership and mentoring skills.

• Excellent communication, underwriting and Portfolio Management skills.

• Combines a highly analytical mind with advanced risk assessment and strong communications skills to prepare quality Credit Memorandums for new business loans as well as for existing business loans.

AREAS OF EXPERTISE

CRE Loans Annual Loan Reviews

Asset Based Loans Annual Tax Returns

Commercial &I Industrial Loans Financial Statements

Not-for Profit Loans Appraisals

Religious Organizations HMDA

Taxi Medallion Loans. Loan Documentation

Credit Risk Ratings (PD & LGD) Loan Policy and Procedures

Portfolio Management OFAC/KYC/AML

PROFESSIONAL EXPERIENCE

IDB Bank May 8, 2017 to July 22, 2017

Vice President, Internal Credit Audit

Responsible for audit of the bank’s credit review function, with a specific focus on the bank's commercial portfolios. Participate in the internal audit credit risk review portion of the loan review process, taking into account both internal specifications and regulatory ratings. Review of credit underwriting process.

• Verification of the rating classification in accordance with the rating guidelines set by senior management

• Confirmation that credit documentation reflects the business terms in accordance with the credit approvals

• Review collateral for determination of adequacy in accordance with agreements and credit approvals.

• Assessment of the accuracy and timeliness of updates for changes in quality of the credits.

• Make presentations of findings, conclusions, and recommendations to other internal departments following the Review and Audit process

• Assist in documenting the Loan Review Program and Analysis, in a traceable way

Melrose Credit Union March 27, 2017 to May 5, 2017

Underwriter / Team Leader (3-month contract position)

Primarily responsible for reviewing and underwriting in depth credit analyses for renewals and modifications within the subject’s taxi medallion portfolio on a timely basis that are consistent with Melrose CU lending policy and procedures, as well as recommending approval and the assignment of the appropriate credit risk grade.

• Supervise a team of 5 Underwriters

• Proof read credit memoranda provided by in-house and out-sourced underwriters.

• Review financial analytics that accompany each credit memo.

• Discuss with underwriters how to improve the quality of their presentation.

• Perform quality control to insure that each credit package conforms to loan policy.

• Participate in regular meetings with the NCUA and senior management.

Abacus Federal Savings Bank November - 2015 -January - 2017

Commercial Credit Officer/Underwriter

Responsible for underwriting commercial loan proposals for mixed-use, multifamily investment properties (owner occupied and non-owner occupied) as well as one to four family residential investment properties (owner-occupied and non-owner occupied) and mixed-use condominium and co-op style investment properties with sign off authority of up to $5,000,000. I also managed the bank’s commercial credit portfolio of accounts by the preparation of annual credit memorandums and assigning a risk grade on existing loans as required by the Bank’s policies and procedures and perform other duties as directed by the VP/ Director of Credit.

• Prepare, review and analyze the credit worthiness of all commercial loan proposals (new or renewals) by spreading borrower and personal financial data into the bank’s database and perform the required due diligence to ensure adherence to the banks credit policies as well as applicable regulations.

• Research borrower and collateral background; analyze market trends and other information.

• Perform loan reviews and grading of bank’s commercial loan portfolio in accordance with the bank’s policies.

• Objectively assess the risks involved in extending credit to the prospect based on the financial data provided and other data received through third parties such as appraisals, property violation and related searches, environmental reports, engineer reports, and credit reporting agencies and / or data verify and / or business credit reports.

• Evaluate financial statements, historical trends, appraisals, projections, management experience and strength, cash flow, collateral analysis, stress testing and other functions to determine the strength of the borrower.

• Prepare written credit memos for presentation to credit management, loan review committee, board regulators and auditors as applicable.

• Cooperate with other members of the lending area and loan servicing area to deliver high quality work in a timely manner.

QUONTIC BANK FEBUARY- 2015 – JULY 2015.

ASSISTANT VICE PRESIDENT / SENIOR COMMERCIAL REAL ESTATE UNDERWRITER

Primary responsibilities include providing a thorough evaluation of credit and property documents in loan files, identify potential risks, and advise as to the appropriate decision of the file as it relates to approving, declining or suspending the loan based upon bank underwriting policy and guidelines.

• Underwrite commercial and real estate loans ranging from $100M to $5MM to real estate investors, developers, businesses, religious and non-profit organizations, and individuals. Types of loans include commercial mortgages, C&I, and term loans.

• Responsible for reviewing loan packages, interpreting credit quality information and conducting complex credit and financial analysis, based on receipt of financial statements, tax returns, cash flows and industry trends.

• Prepares narrative analysis and recommendations for approval and participate in special project assignments.

• Ensures loan structure is consistent with Loan Policy.

• Identifies credit policy exceptions and incorporates suitable mitigants into credit package.

• Proactively communicates with Lending Officers during underwriting process.

• Conducts and participates in customer meetings/conference calls.

CARVER FEDERAL SAVINGS BANK 2014–2015

ASSISTANT VICE PRESIDENT / UNDERWRITER / PORTFOLIO MANAGER

Responsible for overall review and preparation of quality credit memorandums for new business loans and loan renewals in a portfolio consisting of commercial and industrial loans, commercial real estate loans, middle market loans, and loan for religious and charitable organizations.

• Underwrite and submit timely new business loan reviews and annual loan reviews of existing loans and risk rating evaluations to management as well as manage a $400 million loan portfolio, while developing a relationship with each borrower.

• Review of annual and interim financial statements, tax returns, rent rolls, personal financial statements and cash flow projections.

• Read and understand loan documents and implement corrective actions if borrowers are not in compliance with loan covenants, including implementing a default rate of interest for any non-compliance as warranted.

• Prepare loan monitoring reports for each loan on a regular basis to review overall asset quality, including per romance against original underwriting expectations.

STERLING NATIONAL BANK

SENIOR CREDIT ANALYST/ UNDERWRITER 2011-2014

Managed all credit/risk in commercial and industrial loans, commercial real estate loans, asset based loans, middle market loans, not for profit loans, religious organizations, with loans ranging from $250M to $20MM. Perform credit analysis and reviews on 800+ accounts as assigned to me on a case by case basis by the team leader.

• Spread and analyze business financial statements, personal financial statements and annual tax returns in order to underwriter new business loans as well as prepare annual credit memos on existing clients.

• Review of existing clients and counterparty credit worthiness, compile data, interpret information, and summarize financial performance as well as risk and mitigates.

• Obtain and evaluate related reports and investigative data such as Lexis/Nexus searches, personal credit reports, and other reports as necessary. .

• Review covenant compliance as applicable.

• Provide annual credit review’s of investment, municipal securities, and critical vendors upon request.

• Produce written approval documents consistent with Bank format and policy in a timely manner.

• Make sure appropriate risk ratings are assigned.

• Provide guidance to junior analysts as needed.

CIT GROUP – New York, NY

AVP/SENIOR CREDIT ANALYST – Equipment Finance Risk Management 2000 – 2011

Promoted into senior role to assess and manage all credit/risk in equipment finance portfolio of accounts. Conducted comprehensive credit reviews on 700+ accounts (private and public) within the portfolio. Supported Chief Risk Officer and Business Unit leaders as required.

• Proficiently used financial models to calculate loss-given-default grades and probability of default grades for current clients in equipment finance portfolio and potential new clients based on default potential analyzed events, financial performance, industry reviews, future outlook, etc.

• On request, provided full due diligence within 48 hours to senior management with information required for price/buy decisions.

• Recruited to assess firm-wide credit risk as part of CIT’s Elite Corporate Risk Management Professional Development Rotational Program.

• Strong Knowledge of Factiva, Dun & Bradstreet Reports, Experian Reports and Ibis World search engines.

FORMAL EDUCATION

B.S., Business Administration – St. John’s University 1986

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