Commercial Loan Underwriter

RiverBank • Spokane, WA

1d • $86,450 - $103,905 • Onsite

About The Position

RiverBank is seeking a talented Commercial Loan Underwriter to join their high-performing team. This role is a key member of the credit team, responsible for analyzing, underwriting, and monitoring commercial credit relationships. The underwriter will evaluate new loan requests, renewals, modifications, and various types of credit facilities including C&I lending, owner-occupied real estate, investor commercial real estate, business/investment lines of credit, equipment financing, and business acquisitions. The position involves assessing borrower capacity, cash flow, collateral, guarantor support, repayment sources, covenant compliance, and industry risks to provide sound credit recommendations aligned with bank policy and regulatory requirements. This role collaborates closely with Commercial Bankers and other lending professionals to ensure timely, well-supported credit decisions, maintain portfolio quality, and provide exceptional customer service.

Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field.
• Equivalent combination of education and relevant commercial banking experience may be considered.
• Minimum 3 years of commercial credit underwriting, credit analysis, or related commercial banking experience.
• Demonstrated experience underwriting C&I credit facilities, including operating lines, equipment loans, working capital facilities, commercial term debt, and cash-flow transactions.
• Advanced knowledge of accounting principles, commercial financial statement analysis, cash flow modeling, and global debt service analysis.
• Strong understanding of commercial lending fundamentals, including operating cash flow, working capital needs, capital expenditure financing, collateral protection, covenant monitoring, and repayment capacity.
• Experience spreading business and personal financial statements and tax returns using Buker's Taxanalysis or a comparable financial spreading platform.
• Knowledge of commercial loan structures, collateral analysis, covenant compliance, guarantor evaluation, and credit risk assessment.
• Ability to interpret tax returns, borrowing base reports, appraisals, business valuations, legal entity structures, and loan documentation.
• Working knowledge of banking regulations, credit administration practices, credit policies, and loan documentation requirements.
• Exceptional analytical, written credit presentation, verbal, and interpersonal communication skills.
• Strong judgment, problem-solving, and decision-making abilities.
• Ability to manage multiple priorities and deadlines in a fast-paced environment while balancing client service with prudent risk management.
• Proficiency with Microsoft Office applications, particularly Excel, Word, and PowerPoint.

Nice To Haves

• Experience with commercial real estate, owner-occupied lending, and community banking preferred.
• Prior experience with SBA underwriting and Loan Programs preferred.

Responsibilities

• Underwrite new, renewed, and modified commercial credit relationships ranging from small business credits to complex middle-market lending opportunities.
• Analyze business and personal financial statements, tax returns, borrowing base reports, cash flow trends, collateral, industry conditions, and global debt service capacity.
• Assess borrower creditworthiness, repayment sources, collateral adequacy, guarantor strength, leverage, liquidity, and industry-specific risks.
• Evaluate and structure credit facilities including working capital lines of credit, equipment financing, commercial term loans, business acquisition financing, and commercial real estate loans.
• Recommend loan structure, pricing, covenants, collateral requirements, guarantor support, approval conditions, and other terms consistent with client needs and RiverBank risk tolerance.
• Identify policy exceptions, documentation deficiencies, compliance concerns, and appropriate mitigating factors.
• Prepare clear, concise, accurate, and well-supported credit presentations, recommendations, and loan approval packages.
• Monitor borrower financial performance, covenant compliance, approval conditions, and overall credit quality.
• Spread and analyze business and personal financial statements and tax returns in accordance with bank guidelines.
• Calculate and verify covenant compliance and communicate exceptions or violations to lending officers for resolution.
• Determine appropriate risk ratings and identify emerging risks within credit relationships.
• Support annual reviews, credit renewals, portfolio monitoring, and ongoing risk assessment activities.
• Identify signs of portfolio deterioration and recommend corrective actions when appropriate.
• Maintain strong knowledge of economic, industry, and market trends affecting commercial borrowers.
• Partner closely with Commercial Bankers, Relationship Managers, Associate Relationship Managers, Credit Administration, and other team members throughout the credit lifecycle.
• May assist production staff with deal structuring and provide guidance during pre-flight reviews of complex transactions.
• Review and clarify financial information necessary for underwriting and portfolio management.
• May participate in customer and prospect conference calls as appropriate to support credit analysis, relationship development, and borrower discussions.
• Serve as a resource for underwriting standards to all staff.
• Contribute to ongoing credit training, underwriting consistency, and best practices.
• Ensure all recommendations comply with RiverBank Loan Policy, regulatory requirements, credit standards, and safe-and-sound banking practices.
• Maintain thorough and complete documentation supporting underwriting conclusions.
• Support loan review, audits, examinations, internal reviews, and special credit projects as needed.
• Complete required training and remain current on regulatory, economic, and industry developments.
• Support consistent portfolio governance and credit quality initiatives.
• Perform other duties as assigned.

Benefits

• Vacation (3 Weeks)
• Sick Leave (12 days a year)
• Volunteer Time off (24 hours)
• All Bank Holidays (at least 40+ paid days off a year total that increase with tenure)
• 90% Employer Paid Medical
• 100% Employer Paid Vision
• 100% Employer Paid Dental
• 100% Employer Paid Long-Term Disability Insurance
• HRA where an employee only pays $600 towards their medical deductible and the company reimburses any other deductible costs ($4,900+ value)
• Employer-paid Life Insurance (two times your annual earnings)
• Employer Paid Employee Assistance Program
• 4% company 401k match on contributions after 3 months
• Paid Parental Leave
• Discounted Rates on Pet Insurance
• Discounted Rates on Home Insurance
• Discounted Rates on Auto Insurance

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level