Commercial Underwriting Analyst I

Axos Bank; San Diego (CA); On-site; USD 46,000 - 59,000; Full time

Benefits offered by this job

Medical, Dental, Vision, and Life Insurance

Paid Sick Leave and 3 weeks Vacation

401(k) Retirement Saving Plan with Employer Match

Job summary

Axos Bank is seeking a Commercial Underwriting Analyst I in San Diego, California. This role provides analytical support to the underwriting team, focusing on financial analysis, credit evaluation, and collateral assessment. Ideal for early-career candidates wanting to build core underwriting skills.

Responsibilities include credit analysis, ABL collateral evaluation, and document management. Qualifications require a Bachelor's degree in a related field, along with strong analytical abilities and proficiency in Excel.

Qualifications

• 1+ year of experience in commercial banking, credit analysis, accounting, or related field preferred.
• Strong analytical and problem‑solving skills with high attention to detail.
• Ability to manage multiple priorities in a fast‑paced environment.

Responsibilities

• Perform foundational credit analysis, including review of financial statements.
• Analyze ABL collateral (A/R, inventory, equipment, and other receivables).
• Support underwriting of middle market, business banking, and HOA lending transactions.
• Evaluate borrower financial performance and identify key risks.
• Assist with due diligence, document collection, and underwriting file management.

Skills

Analytical skills

Problem-solving skills

Attention to detail

Proficiency in Excel

Effective communication

Education

Bachelor’s degree in Finance, Accounting, Economics, Business

Job description

Pay

Target Range: $23.00/Hr. – $28.50/Hr. Actual starting pay will vary based on geographic location, experience, skills, specialty, and education. Eligible for Annual Discretionary Cash Bonus Target: 7.5% and Annual Discretionary Restricted Stock Units Bonus Target: 7.5%. These discretionary target bonuses may be awarded semi‑annually based on performance goals and targets.

About This Job

The Commercial Underwriting Analyst I provides analytical support to the underwriting team in assessing middle market, business banking, HOA, and asset‑based lending opportunities. This role focuses on financial analysis, credit evaluation, and collateral assessment to support sound credit decisions and portfolio performance. Ideal for early‑career candidates seeking to build core underwriting and credit risk expertise.

Responsibilities

• Perform foundational credit analysis, including review of financial statements, cash flow, and preliminary risk ratings
• Analyze ABL collateral (A/R, inventory, equipment, and other receivables) across a range of structures and industries
• Support underwriting of middle market, business banking, and HOA lending transactions
• Evaluate borrower financial performance and identify key risks and mitigants
• Assist with due diligence, document collection, and underwriting file management
• Contribute to process improvements through data analysis and reporting

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, Business, or related field
• 1+ year of experience in commercial banking, credit analysis, accounting, or related field (preferred)
• Strong analytical and problem‑solving skills with high attention to detail
• Proficiency in Excel (financial modeling, data analysis)
• Effective written and verbal communication skills
• Ability to manage multiple priorities in a fast‑paced environment

Benefits

• Medical, Dental, Vision, and Life Insurance
• Paid Sick Leave, 3 weeks’ Vacation, and Holidays (about 11 a year)
• HSA or FSA account and other voluntary benefits
• 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan
• Employee Mortgage Loan Program and free access to an Axos Bank Account with Self‑Directed Trading

Job Functions and Work Environment

While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc. The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

Pre‑Employment Background Check

All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre‑employment drug screening, which includes screening for marijuana. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization.

Equal Employment Opportunity

Axos is an Equal Opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, baby‑feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state, and local laws.