Business Lending Underwriting Manager

Farmers Insurance Federal Credit Union•Burbank, CA

30d

About The Position

Farmers Insurance Federal Credit Union (FIGFCU) is expanding our business lending capabilities beyond our traditional agent base—and we’re looking for a rising underwriting leader to help us do it. As the Business Lending Underwriting Manager, you’ll be hands-on in underwriting a diverse range of small business credit types while helping shape the future of our business lending platform. You’ll design credit frameworks, develop policies and cross-train team members to support new business segments and loan products. You’ll serve as a key bridge between Underwriting and our emerging Business Banking function, supporting smart, sustainable growth as we diversify into new markets and member segments. While this is a manager-level position, there are no direct reports initially—but you’ll help shape the underwriting function over time, with potential to build and lead a team in the future.

Requirements

5–10 years of business loan underwriting experience within a credit union, bank, or fintech environment.
Hands-on experience with multiple business credit types, including both secured and unsecured lending, with a strong track record of evaluating and managing diverse asset types to mitigate credit risk.
Strong working knowledge of small business financial statements, cash flow analysis, and risk assessment.
Excellent written and verbal communication skills—able to make the case for or against a deal clearly and confidently.
Comfortable in a dual-reporting environment with cross-functional collaboration.

Nice To Haves

Familiarity with credit union lending philosophy and NCUA regulations, preferred

Responsibilities

Underwrite a range of small business credit products, including: − Business credit cards and unsecured lines of credit − Term loans for equipment or fleet financing − Working capital and cash flow-based lending − Secured loans backed by business assets
Assess financial statements, tax returns, and cash flow to evaluate repayment ability and credit risk.
Assess Business and Personal Assets for collateral support
Prepare clear, well-supported credit memos and recommendations for loan committees or approval authorities.
Monitor portfolio performance and emerging credit risks; recommend adjustments to exposure limits and policy as needed.
Collaborate with the Head of Commercial Underwriting to implement scalable policies, risk rating models, and credit guidelines.
Develop frameworks and best practices for assessing business borrowers outside the traditional agent segment.
Contribute to process improvement initiatives related to credit policy, digital applications, and portfolio strategy.
Support the modernization of underwriting systems, data tools, and workflows for efficiency and consistency.
Partner with the Business Banking team to align underwriting practices with relationship development and member needs.
Provide mentoring and credit coaching to team members as new staff are added.
Collaborate cross-functionally with credit, operations, and business development teams to ensure smooth deal execution and risk alignment.