Job Description

Commercial Loan Underwriter

Department: Commercial Lending | Non-Exempt

About the Role

We're looking for a Commercial Loan Underwriter to evaluate commercial loan applications and make sound credit decisions that support responsible growth. You'll dig into financial statements, credit reports, and market conditions, then work closely with loan officers and management to structure loans that balance client needs with institutional risk tolerance. It's a role with real influence: your analysis and recommendations directly shape the health of the lending portfolio.

What You'll Do

• Review and analyze commercial loan applications, including financial statements, tax returns, and credit reports, to assess creditworthiness
• Spread financials and calculate key ratios (DSCR, leverage, liquidity, global cash flow) using loan origination software
• Prepare credit memoranda covering loan purpose, borrower background, financial analysis, collateral, risk factors, and recommended structure
• Evaluate and value collateral, including real estate, business assets, equipment, and receivables/inventory; order and review appraisals, environmental reports, and title work
• Assess industry, market, and management risk as part of the credit decision
• Structure loan terms, including rate, term, covenants, guarantees, and collateral requirements
• Present credit recommendations to loan committee or management per authority limits
• Monitor covenants, reporting requirements, and risk ratings post-closing
• Partner with loan officers and closing staff to keep processing timely and accurate
• Maintain audit-ready files and stay current on regulatory and industry changes

What You Bring

• Bachelor's degree in Finance, Accounting, Business Administration, or related field
• 3+ years in commercial loan underwriting or a similar credit analysis role
• Strong grasp of financial statements, credit analysis, and commercial lending regulations
• Proficiency in loan underwriting software and Microsoft Office
• Formal credit training (RMA or similar) a plus

Preferred

• Strong background in commercial real estate and C&I lending
• Experience with SBA, real estate, construction, or agricultural lending
• Familiarity with applicable federal lending compliance requirements (BSA/AML, Reg B/ECOA)
• Sharp analytical and communication skills, with sound judgment under deadline pressure

Good to Know

• Occasional evenings/weekends around deadlines
• Some travel between locations and business partners
• Standard office setting