Commercial Underwriter

DIRECTIONS CREDIT UNION; Toledo (OH); On-site; USD 70,000 - 90,000; Full time

Job summary

Directions Credit Union is seeking a Commercial Loan Underwriter to evaluate business loan requests by analyzing financial statements, credit history, collateral, cash flow, and industry conditions. This role supports sound lending decisions while ensuring compliance with policies and regulatory requirements.

You will prepare detailed credit analyses and recommendations, work with commercial lenders and portfolio management, and help structure responsible credit solutions that protect the credit

Qualifications

• 3-5 years of experience in commercial credit analysis or related financial services roles.
• Experience in commercial loan underwriting and portfolio management.
• Strong understanding of lending policies and regulatory requirements.

Responsibilities

• Analyze commercial loan requests by reviewing financial statements, tax returns, cash flow, and repayment ability.
• Prepare clear credit presentations summarizing financial condition, risks, collateral, and recommended loan structure.
• Ensure loans meet lending policies, underwriting standards, regulatory requirements, and risk guidelines.
• Collaborate with lenders, portfolio management, and internal teams to gather information and support decisions.
• Identify and communicate key credit risks and exceptions to covenants or policies.
• Maintain accurate credit documentation and assist with renewals, reviews, modifications, and related requests.
• Adhere to company policies and complete required trainings.

Skills

Commercial credit analysis

Commercial loan underwriting

Business lending

Portfolio management

Education

Bachelor or better in Banking & Finance or related field

Job description

The Commercial Loan Underwriter is responsible for evaluating business loan requests by analyzing financial statements, credit history, collateral, cash flow, industry conditions, and overall repayment ability. This position prepares detailed credit analyses and recommendations to support sound lending decisions while ensuring loans meet internal policies, regulatory requirements, and risk management standards. The underwriter works closely with commercial lenders, portfolio management, and other internal teams to structure responsible credit solutions, identify potential risks, and help protect the credit union’s loan portfolio while supporting the borrowing needs of business members.

Essential Duties and Responsibilities:

The following statements are intended to describe the general nature and level of work being performed by this position. It is not intended to be an exhaustive list of duties, responsibilities and skills required of this position. Other duties may be assigned to meet business needs.

• Analyze commercial loan requests by reviewing business and personal financial statements, tax returns, credit reports, collateral documents, cash flow, and the borrower’s ability to repay.
• Prepare clear, thorough credit presentations that summarize the borrower’s financial condition, credit strengths, key risks, collateral position, and recommended loan structure.
• Evaluate loan requests to ensure they meet internal lending policies, underwriting standards, regulatory requirements, and the credit union’s overall risk guidelines.
• Work with commercial lenders, portfolio management, and other internal teams to gather required information, clarify loan terms, and support timely credit decisions.
• Identify, assess, and clearly communicate key credit risks, such as cash flow concerns, collateral shortfalls, guarantor strength, industry trends, and exceptions to covenants or lending policies.
• Recommend appropriate loan terms, conditions, covenants, risk ratings, and approval requirements based on the borrower’s financial profile and level of credit risk.
• Maintain accurate credit documentation and support ongoing portfolio management by assisting with loan renewals, annual reviews, modifications, and other credit-related requests as needed.
• Assumes responsibility for related duties as required or assigned.
• The employee is responsible for reading and shall strictly adhere to all policies, rules and regulations, and training that have been or that may hereafter be established by or applicable to Company for the conduct of its employees, and further, Employee shall strictly adhere to all the provisions of the Company’s handbook(s).

Directions Credit Union is an Equal Opportunity Employer: We encourage applications from all qualified individuals regardless of race, color, national origin, gender, sexual orientation, age, religion, disability, or any other characteristic protected under federal, state, or local law.

Qualifications

Education

Required

Bachelor or better in Banking & Finance or related field.

Experience

Required

3-5 years:

Commercial credit analysis, commercial loan underwriting, business lending, portfolio management or a related financial services role required.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.