Senior Commercial Credit Underwriter

Nave Bank; San Juan (PR); On-site; USD 110,000 - 160,000; Full time

Job summary

Nave Bank, based in Puerto Rico, seeks a Senior Credit Underwriter to lead underwriting of large, complex commercial transactions and drive timely, high-quality credit decisions. You will analyze financials, model cash flows, assess risks, and structure credits in a fast-paced environment.

Ideal candidates bring extensive experience in commercial lending, strong independent judgment, and the ability to collaborate with multiple stakeholders to maintain credit standards and SLAs.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or a related field.
• Minimum of 8 years of progressive experience in commercial credit underwriting, commercial lending, credit analysis, or credit risk management within a banking or financial institution.
• Demonstrated experience underwriting large and complex commercial and middle-market transactions.
• Strong understanding of commercial loan structures, repayment analysis, collateral, guarantees, covenants, and credit documentation.
• Advanced ability to analyze financial statements, tax returns, cash flow, projections, leverage, liquidity, and debt service capacity.
• Demonstrated ability to independently evaluate complex transactions and formulate well-supported credit recommendations.
• Experience preparing and presenting transactions to Credit Committee and/or senior credit approval authorities.
• Strong understanding of commercial credit policies, risk ratings, regulatory classifications, and banking regulatory expectations.
• Ability to manage multiple complex transactions simultaneously while meeting demanding credit and commercial timelines.
• Strong analytical, critical-thinking, problem-solving, and credit judgment skills.
• Strong sense of ownership and ability to proactively drive transactions toward resolution.
• Excellent written and verbal communication skills in English and Spanish.
• High attention to detail with the ability to focus on material risks and issues.
• Results-driven, highly organized, intellectually curious, and comfortable working in a fast-paced environment.
• Candidate must be based in Puerto Rico.

Responsibilities

• Lead the underwriting of large, complex, and high-priority commercial credit transactions, including new relationships, renewals, modifications, and increases.
• Conduct comprehensive credit analysis to assess borrower creditworthiness, repayment capacity, and transaction risk.
• Analyze historical and projected financial statements, tax returns, cash flow, leverage, liquidity, debt service capacity, collateral, guarantor support, and other relevant information.
• Perform advanced analysis, including cash flow modeling, financial ratios, sensitivity analysis, global cash flow analysis, and stress testing, as applicable.
• Evaluate industry conditions, management capabilities, ownership structure, economic factors, and other qualitative risks.
• Identify key transaction risks and recommend appropriate mitigants, including collateral, guarantees, covenants, reporting requirements, and other credit protections.
• Recommend appropriate loan structures based on financing purpose, repayment source, borrower profile, collateral, and overall risk.
• Prepare clear, concise, and well-supported credit approval memoranda and recommendations for Credit Committee or other approval authorities.
• Ensure underwriting packages are complete, accurate, decision-ready, and delivered within established SLAs.
• Serve as a senior credit resource for complex and priority transactions, helping move qualified opportunities efficiently from initial assessment through credit decisioning.
• Partner closely with Commercial Banking, Relationship Management, Credit, Operations, Legal, Compliance, and other stakeholders to facilitate timely execution.
• Engage early in complex opportunities to identify credit concerns, information gaps, or structural issues before they become obstacles to approval or closing.
• Proactively manage underwriting priorities based on transaction complexity, client needs, pipeline priorities, and service-level expectations.
• Provide timely feedback regarding transaction viability, required documentation, potential structures, and material credit considerations.
• Help reduce unnecessary credit cycle time while maintaining disciplined underwriting and the Bank’s credit standards.
• Track assigned transactions through underwriting and approval and proactively escal…
• Support transaction structures that balance client needs, business objectives, and prudent credit risk management.

Skills

Commercial credit underwriting

Financial statement analysis

Credit risk assessment

Independent judgment

Communication

Spanish & English

Education

Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or related field

Master’s degree is a plus

Tools

Microsoft Excel

Job description

Nave Bank, based in Puerto Rico, seeks a Senior Credit Underwriter to lead underwriting of large, complex commercial transactions and drive timely, high-quality credit decisions. You will analyze financials, model cash flows, assess risks, and structure credits in a fast-paced environment.

Ideal candidates bring extensive experience in commercial lending, strong independent judgment, and the ability to collaborate with multiple stakeholders to maintain credit standards and SLAs.