Business Lending Underwriter

Nymeo Federal Credit Union; Frederick (MD); On-site; USD 70,000 - 100,000; Full time

Job summary

Nymeo Federal Credit Union in Frederick, MD is seeking a skilled Business Lending Underwriter to provide independent credit analysis for business‑purpose loan requests. You will evaluate financials, credit history, collateral, and repayment capacity to support sound lending decisions.

You will review loan packages, prepare concise credit memoranda, and work with Loan Officers and management to ensure compliance with policies and regulatory requirements while maintaining confidentiality and

Qualifications

• Bachelor’s degree in Business, Finance, Accounting, Economics, or related field.
• Minimum of five years of lending, credit analysis, or underwriting experience.
• Experience underwriting business-purpose loans and lines of credit.
• Experience with business-purpose real estate lending and related credit analyses.

Responsibilities

• Underwrite business-purpose loan requests per policy and regulation.
• Review loan packages for completeness and accuracy.
• Analyze financial information including statements and tax returns.
• Evaluate cashflow, DSCR, debt service, and other metrics.
• Assess collateral value, loan-to-value, and guarantor strength.
• Prepare credit memoranda and recommendations for review.
• Conduct annual reviews of business lending relationships.
• Maintain knowledge of lending policies and regulatory requirements.

Skills

Business lending

Financial analysis

Cashflow analysis

Credit reports

Mitigating factors

Credit memoranda

Independent judgment

Attention to detail

Multi loan management

Communication skills

Independent contributor

LO systems

Confidentiality

Education

Bachelor’s degree in Business/Finance

5+ years lending experience

Tools

Excel

Financial analysis tools

Loan origination systems

Job description

We are looking for friendly, service driven individuals to join ourteam of Rock Stars!

The essence of Nymeo’s identity has been captured in our Core Values:

• Personalized member service, education and rapport
• People helping people
• Outstanding products, services and delivery
• Professional and personal wellbeing of each team member

Voted the 11th Best Credit Union to work for in the nation andFrederick News Post Best of the Best Credit Union for the 9th time,Nymeo prides itself on providing a positive and fulfilling workenvironment focused on the credit union principle of people helping people.

Primary Functions:

The Business Lending Underwriter is responsible for providingindependent credit analysis and underwriting support forbusiness-purpose lending transactions. This position evaluates thefinancial condition, creditworthiness, repayment capacity, collateral,guarantor strength, and overall risk associated with businessborrowers and loan requests. The Business Lending Underwriter worksclosely with the lending origination team and lending management toensure complete, accurate, consistent, and well-supported credit decisions.

Duties and Responsibilities:

• Independently underwrite business-purpose loan requests inaccordance with established lending policies, guidelines,procedures, and applicable regulatory requirements.
• Review loan packages submitted by Loan Officers for completeness,accuracy, consistency, and appropriate supporting documentation.
• Analyze business and personal financial information, includingfinancial statements, tax returns, credit reports, debt schedules,bank statements, and other relevant documentation.
• Evaluate business and global repayment capacity, including cashflow, Debt Service Coverage Ratio (DSCR), global debt-to-income,liquidity, leverage, working capital, existing debt obligations, andother relevant financial measures.
• Evaluate the borrower’s credit history, business performance,financial condition, management and guarantor strength, existingrelationship and exposure, and other factors relevant to the overallcredit risk.
• Analyze collateral and guarantor support, including collateralvalue, loan-to-value, lien position, guarantees, and otherapplicable credit enhancements.
• Evaluate proposed loan structure, amount, pricing, repaymentterms, collateral, covenants, conditions, and other risk mitigantsto ensure the request is appropriately structured for the identified risk.
• Identify and document credit strengths, weaknesses, risks,mitigating factors, and applicable policy exceptions.
• Prepare clear, concise, and well-supported credit memoranda andrecommendations for review and approval by the appropriate lending authority.
• Conduct clear-to-close reviews to ensure approved loan terms andconditions are satisfied and that the final loan structure remainsconsistent with the approved credit decision.
• Assist with conducting annual and periodic reviews of existingbusiness lending relationships in accordance with establishedrequirements and recommend appropriate monitoring, conditions, orother action when warranted.
• Assist with the preparation for and response to internal audits,regulatory examinations, quality control reviews, and other reviewsof business lending activity.
• Maintain current knowledge of applicable lending policies,procedures, regulations, and credit union requirements.
• Protect the confidentiality and security of member and creditunion information and comply with established security standards.
• Complete required annual training and maintain knowledge ofapplicable BSA/AML, USA PATRIOT Act, CIP, OFAC, and other regulatory requirements.

Experience and Skills:

1. Strong knowledge of business lending and credit underwritingprinciples, particularly for established small business borrowers.

2. Demonstrated ability to analyze business and personal financialinformation and assess overall repayment capacity and credit risk.

3. Strong understanding of financial analysis concepts including cashflow, DSCR, global debt-to-income, liquidity, leverage, workingcapital, collateral valuation, and loan-to-value.

4. Ability to evaluate credit reports, financial statements, taxreturns, debt schedules, guarantor strength, collateral, and otherinformation used in business credit decisions.

5. Ability to identify credit risks and appropriately evaluatemitigating factors, policy exceptions, and loan structure.

6. Ability to prepare clear, concise, and well-supported creditmemoranda and recommendations.

7. Strong analytical and critical-thinking skills with the ability toexercise independent judgment.

8. Strong attention to detail and ability to identifyinconsistencies, gaps, and potential risks within a credit package.

9. Ability to manage multiple loan requests and priorities whilemaintaining accuracy and established service-level expectations.

10. Strong written and verbal communication skills with the abilityto communicate effectively with Loan Officers, lending management, andother internal stakeholders.

11. Ability to work independently while contributing effectively to acollaborative lending environment.

12. Ability to use loan origination systems, financial analysistools, Microsoft Office products, Excel, and other technology toefficiently perform credit analysis.

13. Ability to maintain confidentiality and comply with establishedpolicies, procedures, and security standards.

Education and Experience:

1. Bachelor’s degree in Business, Finance, Accounting, Economics, ora related field; equivalent relevant lending or credit experience maybe considered in lieu of a degree.

2. Minimum of five years of lending, credit analysis, or underwritingexperience, including meaningful experience underwritingbusiness-purpose loans.

3. Demonstrated experience analyzing business and personal financialinformation and making or supporting credit recommendations.

• Experience underwriting small business loans and lines of credit.
• Experience with business-purpose vehicle or other secured lending.
• Experience with business-purpose real estate lending.
• Experience conducting annual or periodic credit reviews.
• Experience working in a credit union, community bank, or similarfinancial institution.
• Experience using automated or technology-enabled financialanalysis and loan origination systems.
• Experience developing, implementing, or refining lendingunderwriting procedures, workflows, or documentation standards.
• Experience preparing credit memoranda and presenting creditrecommendations to lending management or a loan committee.
• Experience with a variety of business borrower structures andguarantor relationships.

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity and expression, national origin,disability, veteran status, or other categories protected by law.

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