Commercial Underwriter

DIRECTIONS CREDIT UNION; Toledo (OH); On-site; USD 65,000 - 80,000; Full time

Job summary

Directions Credit Union is seeking a Commercial Loan Underwriter to evaluate business loan requests by analyzing financial statements, tax returns, collateral, cash flow and repayment ability. You'll prepare detailed credit analyses and recommendations to support lending decisions.

You'll work with commercial lenders and portfolio management to structure solutions, identify risks, and ensure compliance with policies and regulatory requirements, while supporting the credit union's members.

Qualifications

• Bachelor or better in Banking & Finance or related field.
• 3–5 years in commercial credit analysis or underwriting.
• Experience in portfolio management or related financial services.

Responsibilities

• Analyze commercial loan requests by reviewing financial statements, tax returns, and cash flow.
• Prepare clear credit presentations summarizing financial condition, risks, collateral, and recommended structure.
• Evaluate loan requests against internal policies, underwriting standards, and regulatory requirements.
• Collaborate with commercial lenders, portfolio management, and other teams to gather information and support decisions.
• Identify and communicate key credit risks and exceptions to covenants or lending policies.
• Recommend loan terms, covenants, risk ratings, and approval requirements based on financial risk.
• Maintain credit documentation and support loan renewals, reviews, modifications.

Skills

Commercial credit analysis

Commercial loan underwriting

Business lending

Portfolio management

Credit risk assessment

Education

Bachelor's degree 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:

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
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