Underwriter

Newhorizonbank; Richmond (VA); On-site; USD 95,000 - 125,000; Full time

Job summary

New Horizon Bank is seeking an Underwriter III to evaluate and approve commercial loan applications while ensuring compliance with bank policies and regulatory requirements. The role balances risk mitigation with opportunity and collaborates with loan officers to structure loans that close.

You will analyze borrowers, prepare credit analyses, and guide teammates through underwriting procedures, contributing to a white-glove service for clients in a fast-paced banking environment.

Qualifications

• Bachelor's degree in Finance, Business Administration, or related field.
• Strong analytical, problem-solving, and decision-making abilities.
• Experience with underwriting software and MS Office Suite.

Responsibilities

• Underwrite commercial credit actions by reviewing financial statements and borrower risk.
• Collaborate with loan officers to gather information and clarify borrower details.
• Ensure underwriting progress and outcomes are communicated to stakeholders.
• Prepare detailed reports to support underwriting decisions.
• Analyze financial data to support loan structuring and approvals.
• Assess risks and ensure compliance with bank policies and regulatory requirements.
• Identify cross-sales opportunities and support client relationships.
• Maintain knowledge of regulations, market trends, and best practices.

Skills

Analytical skills

Problem-solving

Decision-making

Education

Bachelor’s degree in Finance or Business Administration

Tools

Underwriting software

Microsoft Office

Job description

Job Posted: 09 Sep 2026

Underwriter

New Horizon is not just another bank; it is a dynamic, forward-thinking financial institution committed to redefining the banking relationship through our relentless pursuit of curiosity, boundless creativity, and unwavering dedication to innovation. Our team is comprised of passionate individuals who are constantly seeking new ways to enhance our services and create exceptional experiences for our customers. From developing innovative financial products to implementing cutting-edge technologies, we are committed to finding creative solutions that address the evolving needs of our clients in today’s integrated and fast-paced world. Join us on our journey as we continue to explore new horizons, challenge conventions, and redefine the future of banking.

New Horizon Bank is looking for an Underwriter III to play a critical role in evaluating and approving loan applications and ensuring compliance with bank policies and regulatory requirements. Your expertise will help us manage risk effectively while providing “white glove” service to our clients. You know you are the right candidate for this role if:

• You love balancing risk mitigation with opportunity.
• You can apply a creative approach to loan structuring – increasing the chances of closing the loan.
• You possess exceptional judgement, strong strategic and critical thinking skills, and you like to solve problems collaboratively.
• You are an action oriented, outcomes-driven leader.

What you’ll spend your time doing:

Underwriting:

• Underwrite commercial credit actions by reviewing financial statements, analyzing borrower risk ratings, and recommending appropriate loan structuring.
• Collaborate with loan officers and other team members to gather additional information and clarify borrower details.
• Ensure all parties are kept informed of underwriting progress and outcomes.
• Communicate decisions and recommendations clearly and effectively to both internal and external stakeholders.
• Provide guidance and support to teammates on underwriting procedures and information needs.
• Prepare detailed reports and documentation to support underwriting decisions.

Analysis:

• Source, compile, and interpret financial data to support the structuring and approval of loans.
• Review industry information, key risks, mitigants, and collateral to form a comprehensive business overview of the borrower.
• Utilize analysis results to underwrite commercial loans effectively.
• Prepare credit analysis documentation and servicing information.

Risk Management:

• Identify and evaluate risks associated with new and existing commercial credit requests and relationships through thorough review and analysis.
• Collaborate with Bank associates and partners to address risk issues, communicate review schedules, and manage changes in the commercial portfolio.
• Assist in coordinating review and renewal schedules for existing credits, supporting ongoing risk identification and management.
• Ensure all underwriting decisions align with the bank’s credit policies and procedures.

Business Support:

• Identify cross-sales opportunities for new and existing relationships based on analytical activities.
• Partner with associates and clients to determine needs and structure new requests, renewals, and modifications.
• Maintain up-to-date knowledge of industry regulations, market trends, and best practices.

Requirements

• Bachelor’s degree in Finance, Business Administration, or a related field.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in underwriting software and Microsoft Office Suite.
• Strong understanding of underwriting principles, credit analysis, and risk management.
• Minimum of 7 years of underwriting experience, with a focus on commercial loans, minimum 10 years preferred.
• Effective communication and interpersonal skills, with the ability to interact confidently with senior management and regulatory authorities.

What it’s like working with us

Excellence

We are obsessed with our customer’s experience and hold ourselves to impeccable standards.

Tenacity

We are creative problem solvers committed to finding a solution to meet our customers’ needs.

Collaboration

We strive to build lasting, long-term partnerships with our customers. When they succeed, we succeed.

Care

We genuinely value our customers as people and are grateful for their trust. We are committed to earning their business each and every day.