Credit Underwriter

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 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
• Spreads borrower year-end and interim financial statements in spreading software platforms
• Prepares Global Cash Flow analysis
• Tests interim and year-end covenant compliance calculations
• Tests interim and year-end benchmarks (if applicable)
• Prepares collateral analysis
• Spreads and analyzes guarantor financial information
• Prepares risk rating models on borrowers and guarantors
• Prepares new money underwriting analysis and credit servicing analysis (e.g., annual reviews)
• Works collaboratively with multiple stakeholders, including credit officers and relationship managers
• Training and reviewing the work of junior associates and quality assurance
• Accountable for client-facing activities
• Exercises independent judgment and finalizes 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.
• Hybrid work available.
• Comprehensive health. Free 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.