Senior Credit Underwriter

Lenders Cooperative; Birmingham (AL); Remote; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Credit Underwriter to join their innovative and dynamic team. This role involves conducting detailed credit analysis and providing underwriting support for financial institutions, ensuring sound decision-making in commercial lending. You will engage in collaborative efforts with various stakeholders, prepare comprehensive credit memoranda, and lead junior associates in their development. The company fosters a culture of inclusion and innovation, where your contributions will directly impact the success of the organization. If you thrive in a fast-paced environment and are passionate about making a difference, this is the opportunity for you.

Benefits

Competitive salary and performance-based bonuses

Comprehensive health, dental, and vision insurance

Unlimited paid time off

Collaborative and inclusive work environment

Qualifications

• 5+ years of commercial loan underwriting experience preferred.
• Demonstrates mastery of commercial credit analysis skills.

Responsibilities

• Perform detailed credit analysis on new and existing commercial clients.
• Prepare credit memoranda and present findings to credit committees.
• Train and review the work of junior associates.

Skills

Commercial Credit Analysis

Financial Statement Analysis

Risk Rating Assessments

Covenant Testing

Portfolio Management

Education

Bachelor's degree in Accounting or Finance

4+ years of experience in commercial loan underwriting

Tools

Spreading Software Platforms

Job description

Welcome to Lenders Cooperative. We are a forward-thinking group of former bankers, investment bankers, and technologists who recognize the need for better innovation and solutions to support financial institutions' commercial lending efforts. Our core mission is to help these institutions to focus on their true strengths. In addition to our SaaS technology solutions, Lenders Cooperative offers staff augmentation, credit underwriting, SBA Loan Service Provider (LSP) underwriting and support, and bank operations.

We are seeking a Senior Credit Underwriter, reporting to the Head of Professional Services, to provide Portfolio Management and Underwriting support for financial institutions. Underwriting support includes spreading financial statements, analyzing global cash flow, and writing credit memoranda in conjunction with commercial loan requests. The underwriter may also execute various credit servicing activities, including covenant testing, risk rating assessments, and formal documentation of credit servicing actions.

What You'll Do:

• Perform detailed credit analysis on new and existing commercial clients, focusing on financial condition and operating performance, industry risk, and repayment ability (C&I, CRE, Ag & Non-Profit transactions)
• Analyze financial statements, tax returns, and collateral documentation to support underwriting decisions
• Prepare credit memoranda and present findings to credit committees
• Spread borrower year-end and interim financial statements in spreading software platforms
• Prepare Global Cash Flow analysis
• Test interim and year-end covenant compliance calculations
• Test interim and year-end benchmarks (if applicable)
• Prepare collateral analysis
• Spread and analyze guarantor financial information
• Prepare risk rating models on borrowers and guarantors
• Prepare new money underwriting analysis and credit servicing analysis (e.g., annual reviews)
• Work collaboratively with multiple stakeholders, including credit officers and relationship managers
• Train and review the work of junior associates' work and quality assurance
• Accountable for client-facing activities
• Exercise independent judgment and finalize risk rating decisions

What We’re Looking For:

• Bachelor’s degree in accounting, finance, or related field (minimum of four (4) years of commercial loan underwriting, analysis, or portfolio management experience may be substituted for a bachelor's degree)
• Minimum of five (5) years of commercial loan underwriting, analysis, or portfolio management experience preferred
• Demonstrates mastery of commercial credit analysis skills and ability to spread financial statements and monitor credit information with limited review and oversight

Benefits:

• Competitive salary and performance-based bonuses.
• Remote work available.
• Comprehensive health, dental, vision, disability, and life insurance.
• Unlimited paid time off and company holidays
• Collaborative and inclusive work environment

Joining Lenders means being part of a mission-driven team that values innovation, collaboration, and a commitment to excellence. We thrive in high-pressure environments where urgency meets creativity and where every challenge is an opportunity to create impact. If this sounds good to you, apply now! We can't wait to meet you and see how you'll contribute to our success.

What to Expect:
Step 1 - Apply. It only takes a few minutes!
Step 2 - HR Phone Screen. If your application is a good match, you'll hear from one of our recruiters about setting up a phone screen.
Step 3 - Interview(s). Now's your chance to learn about the job, show us who you are, share why you would be a great addition to the team, and determine if Lenders is the place for you.
Step 4: Decision. The team will discuss - if it's a good fit for us and you, we'll make it official!

Lenders is an equal-opportunity employer and is committed to providing a workplace free from harassment and discrimination. We celebrate our employees' unique differences because that drives curiosity, innovation, and the success of our business. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, gender identity or expression, age, marital status, veteran status, disability status, pregnancy, parental status, genetic information, political affiliation, or any other status protected by the laws or regulations in the locations where we operate. Accommodations are available for applicants with disabilities.