Senior Commercial Loan Underwriter

The Senior Commercial Loan Underwriter is responsible for underwriting, structuring, and monitoring complex commercial credit relationships across a variety of commercial lending products, including commercial real estate, term loans, lines of credit, participation loans, and government-guaranteed lending programs. This position evaluates credit risk, analyzes financial information, determines appropriate loan structures, and prepares credit recommendations to support sound lending decisions and the overall strength of the commercial loan portfolio. The Senior Commercial Loan Underwriter serves as a senior resource for commercial lending teams by providing expertise, guidance, training, and quality feedback to underwriters and credit analysts. This role promotes consistent underwriting practices, supports portfolio monitoring efforts, and ensures adherence to Credit Union policies, procedures, regulatory requirements, and sound lending practices.

Responsibilities

Underwrite and analyze complex commercial credit relationships, including commercial real estate, commercial and industrial loans, term loans, lines of credit, participation loans, SBA loans, and other commercial lending products; Partner with Commercial Loan Officers to obtain required financial and supporting documentation, evaluate loan requests, structure transactions, and facilitate timely credit decisions; Identify, gather, and analyze financial and non-financial information to assess credit risk, evaluate sources of repayment, and determine appropriate loan structures; Prepare detailed written credit memorandums outlining borrower background, financial analysis, transaction structure, risk factors, stress testing results, collateral analysis, proposed terms, and risk rating recommendations; Review and approve credit requests within delegated lending authority and provide recommendations on credit requests that exceed individual authority limits; Monitor assigned commercial loan relationships by completing periodic reviews, evaluating financial performance, assessing risk ratings, monitoring loan covenants, and underwriting modifications, renewals, and extensions; Serve as a senior resource to the Commercial Underwriting Team by providing guidance, training, and mentorship to underwriters and credit analysts; Ensure compliance with applicable laws, regulations, and Credit Union policies, including BSA, AML requirements, USA PATRIOT Act, and OFAC requirements

Requirements

High School Diploma or GED; 5-8 years of progressive experience in commercial lending, commercial loan underwriting, or commercial credit analysis; Experience underwriting commercial real estate, commercial and industrial loans, term loans, and lines of credit; Advanced experience with cash flow analysis, global cash flow analysis, financial projections, ratio analysis, collateral evaluation, and risk assessment; Advanced knowledge of commercial credit analysis, loan structuring, and portfolio monitoring; Strong understanding of commercial lending products, including commercial real estate, owner-occupied real estate, investor real estate, term loans, lines of credit, participation loans, and SBA lending; Ability to independently analyze and recommend complex credit decisions with minimal supervision; Strong financial statement analysis and cash flow modeling skills; Knowledge of commercial loan documentation, collateral analysis, covenant monitoring, and risk rating methodologies; Ability to prepare clear and concise written credit recommendations and communicate complex financial information effectively; Strong written and verbal communication skills; Strong attention to detail, organizational skills, and ability to manage multiple priorities; Ability to coach, mentor, and provide constructive feedback to team members; Proficiency with Microsoft Office applications, including Excel, Word, Outlook, and PowerPoint; Ability to build effective relationships with lenders, business partners, and internal stakeholders

Nice to have

Bachelor's Degree in Finance, Accounting, Business Administration, Economics, or related field preferred

Benefits

Generous paid time off: paid holidays, floating holidays, personal days, vacation days, plus sick time; Low-cost Medical, Dental & Vision plans; Paid childcare assistance; Award-winning 401K; Gym fee reimbursement; Tuition Reimbursement; Student loan repayment; ...and much more