Senior Commercial Underwriter

FourLeaf Federal Credit Union; Bethpage (NY); On-site; USD 106,391 - 127,669; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401K with employer match

Reimbursement programs

Wellness programs

Annual performance-based bonus

Job summary

FourLeaf Federal Credit Union seeks a Senior Commercial Underwriter to manage commercial credit activities in alignment with MBL policy and credit standards for lending and portfolio management.

This role offers flexible work options including a remote setup and requires collaboration with legal counsel, relationship managers, and commercial operations to ensure timely loan decisions and strong service to members.

Qualifications

• Bachelor’s degree in Business/Finance is required.
• 5–9 years of experience in commercial underwriting.
• Strong analytical skills for documentation and evaluating owner-occupied commercial real estate transactions and C&I.

Responsibilities

• Review and analyze commercial loan packages to assess creditworthiness.
• Prepare financial statement and tax return spreads for analysis.
• Underwrite and structure complex deals including C&I and construction loans; draft CAMs for approval.
• Recommend risk ratings and potential restructurings based on underwriting findings.
• Maintain underwriting files and ensure adherence to policies; support audits.

Skills

Analytical skills

Credit analysis

Education

Bachelor’s Degree in Business/Finance

Job description

FourLeaf's ultimate goal is to provide the best-in-class member and employee experience, and it all begins with two things: hiring incredible people and giving them a great place to work.

What You’ll Do

The Senior Commercial Underwriter is responsible for commercial credit activities for FourLeaf ensuring consistency with MBL policy and commercial credit standards for commercial lending activities and portfolio.

This opportunity is open to flexible work options including a remote set up.

Core Contributions

• Review and analyze commercial loan packages, including leases, rent rolls, tax returns, financial statements, credit reports, appraisal reports, and environmental reports. Assess market data and risk in order to determine creditworthiness and make a sound credit decision in accordance with FourLeaf’s policies and procedures.
• Prepare spreads of applicants’ financial statements and/or tax returns into a standardized spreadsheet form in order to provide support for financial analysis of the borrower.
• Handle higher volume and more complicated deals including C&I and construction transactions. Prepare detailed credit approval memos (CAMs) to be reviewed by department AVP and FourLeaf credit committee, ensuring adherence to FourLeaf lending guidelines and including full analysis of property occupancy, cash flow, market outlook, guarantor strength, potential risks and mitigating factors.
• Recommend risk ratings and/or credit restructuring based on risks identified during underwriting.
• Assist in upkeep of the commercial credit pipeline and provide updated statuses for loan files in process. The underwriter will take ownership of the assigned file, ensuring that all loans are decisioned and closed within the expected timeframes.
• Correspond and collaborate with FourLeaf legal counsel, relationship managers, commercial operations specialists, commercial lending management, members, and prospective members as necessary while maintaining extraordinary standards of service.
• Assist Commercial Capital Markets Manager in providing answers and documentation to participants’ requests for loan sales.
• Maintain underwriting files and review loan documentation prepared by legal counsel to ensure accuracy of information and continued adherence to FourLeaf policies and procedures.
• Assist with answering auditors’ questions and requests during internal and external audits of FourLeaf’s commercial lending portfolio and underwriting practices.
• Assist the workout and portfolio teams for annual review and workout evaluation and proposals.
• Mentor and coach other underwriters or teammates.
• Assist in updating lending and underwriting policies, guidelines and procedures to ensure compliance.

Assets You Will Bring

• Bachelor’s Degree in Business/Finance.
• 5-9 years of experience.
• Strong analytical skills for documentation and evaluating owner occupied commercial real estate transactions and C&I.

The estimated salary for this role is $106,391.00 - $127,669.00 annually. FourLeaf Federal Credit Union provides a range of benefits with various enrollment periods, including medical, dental, and vision coverage, a 401K plan with employer match, reimbursement programs, wellness programs, and an annual performance-based bonus.

What Sets Us Apart?

Along with a comprehensive benefit package, we offer:

• Competitive 401k
• Flexible work options
• Volunteer opportunities
• Water Cooler Chats with executive teammates
• Clubs & Sports
• Food truck days

….and more!

Who is FourLeaf?

FourLeaf Federal Credit Union (FourLeaf) has been committed to the financial well-being of our members for over 80 years. Through our full range of competitive savings and loan products, you can trust us in every step of your financial journey. From applying for a credit card to closing on your mortgage to opening your child’s first savings account, FourLeaf is here to help you reach your financial goals.

We are proud to be an award-winning place to work! Some of our recent recognitions include Certified Great Place to Work 2024-2025, America’s Greatest Midsize Workplaces 2025, Quantum Workplace Employee Voice Award 2024, and Fortune’s Best Workplaces in Financial Services & Insurance 2024.

As a credit union, our vision is to enrich the lives of our members, employees, and communities. Since 2002, we have been an integral community partner through our charitable giving and community development programs in New York and beyond.

Equal Opportunity Employer

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.