Private Credit Underwriter

Hum Capital; New York (NY); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Fully funded medical coverage

Job summary

Hum Capital, an AI-powered direct lender for the lower middle market, seeks a Private Credit Underwriter to own loans from term sheet to portfolio. You will turn diligence, financial analysis and deal terms into concise, decision-ready credit memos for the Investment Committee.

Located in New York City or Chicago, you will analyze cash flow, leverage, covenants and structure, lead diligence and use AI tools to validate borrower performance and accelerate analysis.

Qualifications

• 5–10 years of credit underwriting experience in private credit, direct lending, commercial banking or specialty finance.
• Demonstrated record of authoring credit approval memos presented to an investment or credit committee.
• Strong financial statement, cash flow and covenant analysis skills; advanced Excel modeling.
• Working knowledge of senior secured loan documentation: credit agreements, security agreements, guaranties and intercreditor terms.
• Problem credit recognition and experience with amendments, forbearances or workouts.
• Exceptional written communication
• Bachelor's degree in finance, accounting, economics or a related field.

Responsibilities

• Prepare concise executive summaries and term sheet comparisons for IC and senior management.
• Present a clear credit thesis: business model, sources of repayment, key risks, mitigants and recommended structure.
• Analyze historical and projected financial statements, cash flow, liquidity, leverage and debt service capacity.
• Build and stress-test downside cases; size facilities against cash flow and collateral coverage.
• Lead diligence workstreams: management calls, quality of earnings, customer concentration, collateral and field exams.
• Use Hum's proprietary data and AI underwriting tools to validate borrower performance and accelerate analysis.

Skills

Credit underwriting

Financial statement analysis

Excel modeling

Written communication

Diligence leadership

Education

Bachelor's degree in finance, accounting, economics or related field

MBA or CFA (preferred)

Tools

Excel

AI underwriting tools

Data platforms

Loan documentation knowledge

Job description

The Role

We are looking for a Private Credit Underwriter who will own each loan from term sheet to portfolio. The role turns diligence, financial analysis and deal terms into concise, decision ready credit approval memos for the Investment Committee.

Location

Location: New York City or Chicago

Who we are

Hum Capital is an AI-powered direct lender for the lower middle market focused on small and mid-sized businesses. Our mission is to deliver strong risk-adjusted returns for investors while building durable relationships with borrowers.

Key Responsibilities

Underwriting and analysis

• Prepare concise executive summaries and term sheet comparisons for IC and senior management.
• Present a clear credit thesis: business model, sources of repayment, key risks, mitigants and recommended structure.
• Analyze historical and projected financial statements, cash flow, liquidity, leverage and debt service capacity.
• Build and stress-test downside cases; size facilities against cash flow and collateral coverage.
• Lead diligence workstreams: management calls, quality of earnings, customer concentration, collateral and field exams.
• Use Hum's proprietary data and AI underwriting tools to validate borrower performance and accelerate analysis.

Structuring and documentation

• Recommend pricing, amortization, covenants, reporting requirements and collateral package.
• Review term sheets and loan documents for consistency with the approved credit; flag deviations before close.
• Coordinate with internal counsel, origination and operations through closing.

Portfolio monitoring

• Maintain covenant compliance analyses and risk rating for existing borrowers.
• Identify early warning signs; maintain a watch list of problem credits including workout and recovery recommendations.

Leadership

• Review and edit the work of analysts and associates and coach junior team members on credit writing.
• Act as an independent challenge on underwriting assumptions within the deal team.

Qualifications

Required

• 5 – 10 years of credit underwriting experience in private credit, direct lending, commercial banking or specialty finance.
• Demonstrated record of authoring credit approval memos presented to an investment or credit committee.
• Strong financial statement, cash flow and covenant analysis skills; advanced Excel modeling.
• Working knowledge of senior secured loan documentation: credit agreements, security agreements, guaranties and intercreditor terms.
• Problem credit recognition and experience with amendments, forbearances or workouts.
• Exceptional written communication
• Bachelor's degree in finance, accounting, economics or a related field.

Preferred

• Formal bank credit training (e.g., Citi, JPMorgan, Wells Fargo or a comparable program).
• Lower middle market or SMB lending experience, including asset-based or cash flow facilities of $1–25 million.
• MBA, CFA or progress toward either.
• Comfort using data platforms and AI tools in the underwriting workflow.

Annual Salary

• The expected base salary range for this position is 150,000 – 200,000, plus performance-based incentive compensation.
• Direct exposure to the Investment Committee and senior leadership.
• Collaborative, entrepreneurial environment at a growing private credit platform.
• Comprehensive benefits, including fully funded medical coverage.

The base range reflects New York City and Chicago pay transparency requirements; final compensation depends on experience and qualifications.

At Hum, we are a team of passionate people that hire under equal opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, disability, gender identity, or any other status protected under federal, state, or local law. We love to boost a transparent and trustful culture of belonging and inclusiveness. All people have the opportunity to speak up and participate, grow, and share ideas. If you believe you would add value to our team but you don’t meet all the criteria in this job description, we strongly encourage you to still apply and tell us what value that would be.