Business Loan Underwriter II
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About The Position
The Business Loan Underwriter II position at Navy Federal Credit Union involves evaluating and underwriting business loan applications to ensure compliance with state and federal regulations while minimizing risk exposure to the credit union's business portfolio. The role requires the underwriter to collect and analyze pertinent financial information, present loan packages to senior management for approval, and assist in the closing of business loans. The underwriter will also monitor the financial status of borrowers post-approval, ensuring adherence to established guidelines and best practices. In this role, the underwriter will analyze the financial status, creditworthiness, and business viability of loan applicants. This includes performing qualitative and quantitative analyses, such as reviewing financial statements and credit reports, and determining the appropriate deal structure based on the associated risk level. The underwriter will also be responsible for approving or declining loan submissions within their authority and preparing adverse action notifications when necessary. The position requires collaboration with various teams, including development and management, to ensure all necessary data is obtained and analyzed. The underwriter will also mentor junior staff and contribute to the maintenance of underwriting manuals and reports. The role is primarily office-based but offers a hybrid work environment, allowing for some flexibility in work location.
