Sr. Commercial Underwriting Associate

Axos Bank; New York (NY); On-site; USD 80,000 - 130,000; Full time

Benefits offered by this job

Medical, Dental, Vision, and Life

401(k) with employer match

Paid time off & holidays

HSA or FSA

Employee Mortgage Loan Program

Bank account with trading access

Job summary

Axos Bank seeks a Sr. Commercial Underwriting Associate to support evaluation, structuring, and underwriting of complex asset-based and specialty finance transactions. You will analyze financial data, build models, and advise on credit risk throughout the lifecycle.

The role requires 4+ years in commercial underwriting or related fields, strong analytical skills, and collaboration with cross-functional teams in a dynamic, corporate environment.

Qualifications

• Bachelor’s degree or higher in finance, economics, accounting, business, or related field.
• 4+ years in commercial underwriting, credit analysis, asset-based lending, or structured finance.
• Strong knowledge of credit analysis, cash flow underwriting, and complex lending structures.
• Experience with collateral-backed transactions and portfolio performance.

Responsibilities

• Analyze and underwrite commercial lending opportunities focusing on asset-based and structured finance.
• Review financial statements, collateral performance, borrowing bases, and due diligence materials.
• Build complex financial models to evaluate credit quality and repayment capacity.
• Assess transaction structures, collateral, advance rates, and risk factors.
• Prepare credit memoranda and present recommendations to leadership.
• Collaborate with Relationship Managers, Credit Officers, Legal, and Operations for execution.
• Support enhancements to underwriting processes, tools, and reporting.

Skills

Asset-based lending

Structured finance

Financial modeling

Credit analysis

Advanced Excel

Education

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

Job description

Axos Bank

Target Range: $80,000.00/Yr. - $130,000.00/Yr.

Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.

Eligible for an Annual Discretionary Cash Bonus Target: 37.5%

Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 37.5%

These discretionary target bonuses may be awarded semi‑annually based upon your achievement of performance goals and targets.

About This Job

The Sr. Commercial Underwriting Associate supports the evaluation, structuring, and underwriting of complex asset-based and specialty finance transactions within the Non-Real Estate Lender Finance (NRELF) portfolio. This role performs detailed financial and collateral analysis, develops underwriting recommendations, evaluates credit risk, and partners closely with Relationship Managers and Credit leadership throughout the transaction lifecycle.

The ideal candidate brings a strong background in structured finance, asset-based lending, specialty finance, or commercial credit underwriting and is comfortable analyzing complex financial data, building financial models, and interacting directly with clients and internal stakeholders

Responsibilities:

• Analyze and underwrite commercial lending opportunities with a focus on asset-based and structured finance transactions
• Conduct detailed reviews of financial statements, collateral performance, borrowing base reports, and supporting due diligence materials
• Build and maintain complex financial models to evaluate credit quality, transaction performance, and repayment capacity
• Assess transaction structures, collateral quality, advance rates, cash flows, and risk factors
• Prepare comprehensive credit memoranda and present recommendations to Credit and executive leadership
• Validate borrower information and perform quantitative analysis to support underwriting conclusions
• Identify strengths, weaknesses, mitigants, and emerging risks within proposed transactions
• Participate in client discussions, diligence calls, and ongoing transaction-related communications
• Collaborate with Relationship Managers, Credit Officers, Legal, Portfolio Management, and Operations teams to facilitate transaction execution
• Support ongoing enhancements to underwriting processes, analysis tools, and reporting methodologies
• Stay informed of industry trends, market developments, and regulatory considerations affecting specialty finance and asset-based lending

Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field
• 4+ years of experience in commercial underwriting, credit analysis, asset-based lending, structured finance, specialty finance, or commercial banking
• Strong knowledge of commercial credit analysis, financial statement analysis, cash flow underwriting, and complex lending structures
• Experience evaluating collateral-backed transactions, borrowing bases, covenant compliance, and portfolio performance
• Advanced Excel, financial modeling, and quantitative analysis skills.
• Excellent analytical, communication, organizational, and problem-solving abilities
• Experience with lender finance, warehouse lending, securitizations, CLOs, or other structured finance products is preferred
• Prior experience in a commercial bank, specialty finance company, investment bank, or other credit-focused financial institution is preferred

Axos Employee Benefits May Include:

• 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

About Axos

Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We’re a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers.

Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX).

Learn more about working at Axos

Pre-Employment Background Check and Drug Test:

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. Axos Bank is a federally regulated banking institution. 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, breast 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.

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.

E-Verify and Right to Work Notices

Axos participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States. The E-Verify program is an internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.

IER Right to Work Poster (English/Spanish)

E-Verify Participation Poster (English/Spanish)