Commercial Loan Underwriter
About The Position
Are you a motivated and high performing individual who has strong people, organizational skills, and a desire to work at a local business dedicated to meeting the financial needs of its customers, validating the investment of its shareholders, and investing its time, money, and expertise to support worthy causes throughout Lake and Mendocino Counties? Savings Bank of Mendocino County has proudly been serving the needs of our communities since 1903 and is seeking a qualified professional for the role of Commercial Loan Underwriter in the Credit Administration Department. This position involves performing detailed credit analysis and underwriting of Commercial & Industrial (C&I) and commercial real estate (CRE) loans. This role emphasizes evaluating operating companies, analyzing business cash flow, and structuring credit facilities that support growth while managing risk. The ideal candidate has four or more years of experience in a credit analyst or equivalent position. A successful person in this role is organized; detail oriented; personable; has strong time management skills; and is comfortable interacting with a broad range of individuals, including customers, executive officers and third-party companies. Savings Bank is excited to add to our team of individuals seeking to fulfill the Banks vision of Investing in the future as your local independent bank, committed to the prosperity of our communities, employees and shareholders .
Requirements
- Four (4) years experience in a credit analyst or commercial lending position
- Degree in Finance, Accounting, or Economics, or related field may substitute for years of experience
Nice To Haves
- Previous experience as a Commercial Loan Underwriter
- Bachelors Degree in Finance, Accounting, or Economics, or related field
- Completion of formal commercial credit training
Responsibilities
- Performs in-depth financial analysis of operating companies, including review of financial statements, tax returns, and borrower/guarantor cash flow.
- Recommends loan structures, collateral, covenants, and risk ratings consistent with internal policy.
- Works closely with commercial lenders to clarify borrower needs and guide deal structure.
- Prepares clear, concise credit memoranda for new requests, renewals, and modifications.
- Underwrites Commercial & Industrial (C&I) and commercial real estate (CRE) loans , including owner-occupied and investment properties.
- Conducts annual reviews and ongoing risk assessments for CRE relationships.
- Monitors covenant compliance, financial reporting, borrowing bases (if applicable), and early warning indicators.
- Supports portfolio analysis, stress testing, and concentration management activities.
- Ensures underwriting and loan structures comply with internal credit policies, regulatory standards, and safety-and-soundness expectations.
- Maintains complete documentation in credit systems and participates in internal audits or regulatory exams as needed.
- Exercises individual loan approval authority up to an assigned limit and participates in joint approvals or credit committee reviews for larger or more complex credits.
- Additional duties as assigned depending on department needs.
Benefits
- Competitive, market-based pay
- Comprehensive insurance benefits package including medical, dental, vision and more
- 401(k) plan with maximum 6% employer match
- Profit Sharing plan
- Generous paid time off plans
- Employee Health and Wellness program
- Community volunteer opportunities
- Career development and training opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
