Underwriter I

First National Bank of Williamson; Fort Wright (KY); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

Critical illness insurance

Pet insurance

401(k) plan

Paid time off

Holiday schedule

Job summary

First National Bank in Fort Wright, KY is seeking an Underwriter I to support commercial lending and Credit Administration. The role analyzes borrower and guarantor financials, evaluates credit risk, and prepares credit presentations.

The position underwrites routine credits within parameters and provides well-supported repayment, structure, collateral, and policy recommendations. You will work with lenders, Loan Servicing, and the Chief Credit Officer to maintain examination-ready files.

Qualifications

• Bachelor’s degree in finance, accounting, business, economics, or related field preferred; equivalent experience may be considered.
• Two+ years of experience in credit analysis, commercial lending, accounting, audit, finance, or related field preferred.
• Ability to analyze financial statements, tax returns, cash flow, debt service coverage, collateral, and related credit information.
• Working knowledge of commercial lending, loan structure, credit risk, collateral analysis, risk ratings, and policy requirements.
• Ability to prepare clear, concise analyses and recommendations for routine credits; escalate complex matters as needed.

Responsibilities

• Underwrite new, renewed, modified, and extended commercial credits within size and complexity parameters.
• Collect, spread, verify, and analyze borrower and guarantor information and related documents.
• Prepare cash flow analyses and evaluate debt service coverage, leverage, liquidity, and profitability.
• Prepare concise credit memoranda, annual reviews, and other approval documentation with conclusions and recommendations.
• Identify key credit risks, covenant concerns, policy exceptions, and mitigate factors; recommend actions.
• Evaluate loan amounts, terms, collateral, guaranties, covenants, and reporting requirements.
• Perform risk-rating analysis and ensure compliance with policy and regulatory guidelines.
• Complete annual reviews, renewals, monitoring, borrowing-base reviews, and collateral monitoring.
• Elevate material concerns to management when deterioration is detected.
• Maintain organized, confidential credit files and supporting documentation.
• Assist with criticized credits, portfolio monitoring, reporting, and process improvements.

Skills

Credit analysis

Financial statements

Cash flow

Loan underwriting

Risk assessment

Education

Bachelor’s degree in finance or related field

Tools

Microsoft Excel

Credit software

Job description

Position Summary

The Underwriter I supports commercial lending and Credit Administration by analyzing borrower and guarantor financial information, evaluating credit risk, preparing credit presentations, and monitoring assigned commercial relationships. The position independently underwrites routine C&I, CRE, and other business credits within assigned size, risk, and complexity parameters and provides well-supported recommendations regarding repayment capacity, loan structure, collateral, guarantor support, risk ratings, and policy compliance.

The Underwriter I works closely with lenders, Loan Servicing, and the Chief Credit Officer to maintain complete, examination-ready credit files. More complex, higher-risk, or unusual credits are completed with guidance or review from senior credit personnel. The position does not independently approve loans, establish final risk ratings, waive policy requirements, or authorize policy exceptions unless authority is separately granted under the Bank’s Lending Authority and Approval Matrix.

Essential Duties and Responsibilities

• Underwrite new, renewed, modified, and extended commercial credits within assigned size, risk and complexity parameters.
• Collect, spread, verify, and analyze borrower and guarantor information, including financial statements, tax returns, personal financial statements, rent rolls, debt schedules, aging reports, and related documents.
• Prepare business and global cash flow analyses and evaluate debt service coverage, leverage, liquidity, profitability, financial trends, repayment sources, collateral, guarantor support, industry conditions, and the borrower’s overall financial condition.
• Prepare concise, complete credit memoranda, annual reviews, deal concept materials, and other approval documentation with clear conclusions and recommendations.
• Identify key credit risks, adverse trends, covenant concerns, policy exceptions, and other material issues; document mitigating factors and recommend appropriate action.
• Evaluate and recommend loan amount, term, amortization, collateral, guaranties, covenants, reporting requirements, and other structural conditions.
• Perform documented risk-rating analysis and recommendations consistent with Bank policy, underwriting standards/procedures and regulatory guidelines.
• Complete assigned annual reviews, renewals, interim monitoring, borrowing-base reviews, covenant tracking, financial reporting follow-up, and collateral or documentation monitoring.
• Identify deterioration or emerging weaknesses and promptly elevate material concerns to management.
• Maintain organized, accurate, confidential, and examination-ready credit files and supporting documentation.
• Assist with criticized/classified credit reviews, portfolio and concentration monitoring, credit reporting, loan review responses, process improvement, cross-training, and special projects.

Minimum Qualifications

• Bachelor’s degree in finance, accounting, business administration, economics, or a related field preferred; equivalent relevant education and experience may be considered.
• Two or more years of experience in credit analysis, commercial lending, accounting, audit, finance, or a related field preferred.
• Demonstrated ability to analyze business and personal financial statements, tax returns, global cash flow, debt service coverage, collateral, guarantor support, and related credit information.
• Working knowledge of commercial lending, loan structure, credit risk, collateral analysis, risk ratings, loan policy, and applicable regulatory requirements.
• Ability to prepare clear, concise, and well-supported analyses and recommendations for routine commercial credits while appropriately escalating complex or higher-risk matters.
• Proficiency in Microsoft Office applications and the ability to use Bank credit, financial spreading, and loan systems effectively.
• Strong analytical judgment, credit writing, communication, organization, accuracy, confidentiality, collaboration, adaptability, time management, and commitment to ethical conduct and compliance.

General and Physical Requirements

Perform essential functions with or without reasonable accommodation; remain in a stationary position and use standard office equipment for extended periods; communicate effectively in person, by telephone, and electronically; occasionally lift and carry up to 10 pounds, travel to Bank or offsite locations, and work outside normal business hours based on business needs.

Comply with all Bank policies, internal controls, information‑security requirements, and applicable laws; consistently demonstrate confidentiality, integrity, reliability, and professional conduct.

COMPANY OVERVIEW

At First National Bank (FNB), we're more than just a place to work—we're a locally‑owned community bank deeply invested in the success of our neighbors. Headquartered in Williamson, WV, we blend the tradition of a Hometown Community Bank with the convenience of modern services to help our clients take control of their finances. If you're passionate about making a real impact, we invite you to build your career with us.

BENEFIT PROGRAM

Featured benefits for full-time team members include:

• Health, dental, and vision insurance
• Life and disability insurance
• Critical illness, accident, and hospital indemnity insurance
• Pet insurance and pet discount program
• 401(k) plan
• Generous paid time off policy
• Generous holiday schedule

Equal Opportunity Employment

We provide equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, the organizations comply with applicable state and local laws governing nondiscrimination in employment in every location in which it has operations. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, and compensation.