Senior Commercial Credit Underwriter

Senior Commercial Credit Underwriter Servbank, sb Inc. Oswego, IL Job Details $82,600 - $96,700 a year 21 hours ago Qualifications Microsoft Word Deal closing Portfolio monitoring Commercial banking expertise Cash flow analysis Microsoft Excel Underwriting Credit risk assessment Process optimization Bachelor's degree in finance Appraisal review Regulatory compliance Commercial lending Process improvement Mid-level 3 years Bachelor's degree in business administration Finance Analysis skills Presentation skills Bachelor's degree Decision making Coordination (loan closing) Organizational skills Business Administration Bachelor's degree in accounting Cross-functional collaboration Business Accounting Communication skills Financial compliance experience in banks Cross-functional communication Credit analysis

Full Job Description Description:

The Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank's credit policies, regulatory requirements, and risk appetite. This role partners closely with Relationship Managers and Credit Officers to assess borrower creditworthiness, structure loans appropriately, and present well-supported credit recommendations for approval.

Who we are:

Iroquois Federal, a division of Servbank, N.A., was founded in 1883 in Watseka, Illinois, under a state charter and a commitment to making a meaningful difference. Over the years, we've grown, expanding to six additional banking offices across welcoming Midwest communities, while staying true to our roots. At every location, you'll find people who understand where you're coming from and are dedicated to helping you reach where you want to go. Key Responsibilities Underwrite new and existing commercial loan requests, including C&I, commercial real estate (owner-occupied and investor), construction, and participation loans Perform comprehensive financial analysis, including: Spreading and analyzing business and personal financial statements Cash flow and global debt service coverage analysis Collateral and loan-to-value analysis Industry, borrower, and guarantor risk assessment Identify and document policy exceptions, mitigating factors, and credit risks Prepare clear, concise Credit Approval Memos (CAMs) and underwriting narratives for submission to appropriate approval authorities Recommend deal structure, loan terms, covenants, and conditions to mitigate risk Partner with Relationship Managers throughout the loan lifecycle, from application through closing Review appraisals, environmental reports, and third-party documentation as applicable Support loan closing by reviewing final documentation and ensuring credit approval conditions are met Monitor portfolio performance and covenant compliance, as assigned Ensure adherence to all internal policies, regulatory requirements, and fair lending standards Collaborate with credit, legal, loan operations, and risk management teams Contribute to process improvements and support a strong credit culture

Requirements:

Bachelor's degree in Finance, Accounting, Business Administration, or related field 3-5+ years of experience in commercial credit underwriting, credit analysis, or commercial lending Strong understanding of common commercial loan products, credit structures, and documentation Advanced financial statement and cash flow analysis skills Working knowledge of banking regulations and credit risk management principles Experience preparing and presenting credit memoranda to approval committees preferred Required Skills Strong analytical, problem-solving, and decision-making skills Excellent written and verbal communication abilities High attention to detail and strong organizational skills Ability to manage multiple priorities in a fast-paced environment Proficiency in Microsoft Excel and Word; experience with loan origination or core banking systems preferred Ability to work independently while collaborating effectively with cross-functional partners

EEO Statement:

We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.