Commercial Underwriter IV

First Financial Bank • Indianapolis, IN

3d • $107,000 - $142,760

About The Position

The Commercial Underwriter IV performs financial analysis, risk assessment, and due diligence for Oak Street Lines of Business. The role reviews commercial loan applications and credit information to assess applicants’ creditworthiness and determine whether proposed loans conform to Bank Lending Policy. It provides recommendations to underwriting leadership and the Loan Committee, as applicable, regarding loan structure, underwriting, and management, while maintaining communication with Sales and Servicing staff about transaction status.

The position uses financial software to spread financial statements, assess cash flow capacity, and evaluate or validate collateral for new business and renewals. It prepares and presents credit memos for complex and large new or renewal requests, generally ranging from $2.5 million to $20 million, which may require Senior Credit Committee approval. The underwriter exercises individual lending authority to approve or decline credit requests and holds authority at the high end of the underwriting team.

The role coordinates on-site due diligence at borrower locations, including third-party accounting and valuation teams, and works with Servicing to monitor the loan portfolio through covenant compliance analysis, risk-rating evaluations, and collateral tracking reviews. It participates in negotiating closing documentation and completes pre-funding checklist requirements. The underwriter develops industry expertise, provides internal and external training, may manage pipeline and workflow, and may mentor or supervise other underwriters or coordinate the group in a leadership role. Special projects may also be assigned.

The associate must meet First Financial Bank compliance requirements under applicable laws, regulations, policies, and procedures, including Bank Secrecy Act, Anti-Money Laundering, OFAC, suspicious activity reporting, and other lending and deposit compliance requirements.

Requirements

• At least 7–10 years of credit underwriting and/or commercial lending experience, with emphasis and experience underwriting commercial relationships of $5 million or greater.
• Seven or more years of related experience.
• Proficiency in mathematical concepts and applying them to practical situations.
• Knowledge of advanced accounting principles and techniques.
• Strong interpersonal and communication skills.
• Ability and experience to make credit decisions independently.
• Ability to meet applicable bank compliance requirements.

Nice To Haves

• Specific credit underwriting experience in specialty lines of business.
• Bachelor’s degree, preferably in Accounting, Finance, Economics, Business Administration, or equivalent professional training.
• Master’s degree in Business is encouraged but not required.
• May provide supervision and training to junior underwriters.

Responsibilities

• Perform financial analysis, risk assessment, and due diligence for Oak Street Lines of Business.
• Review commercial loan applications and credit information to assess creditworthiness and determine compliance with Bank Lending Policy.
• Recommend loan structure, underwriting, and management to the Executive Director, Director of Underwriting, and Loan Committee, as applicable.
• Maintain communication with Sales and Servicing staff regarding transaction status.
• Use financial software to spread financial statements, evaluate cash flow capacity, and evaluate or validate collateral for new business and renewals.
• Complete all or part of flagpole memos for prospects and new loans to existing clients, as applicable.
• Prepare and present credit memos for complex and large new or renewal requests for loan approval.
• Approve or decline credit requests using individual lending authority.
• Coordinate on-site due diligence at proposed borrower locations, including third-party due diligence teams when needed.
• Work with Servicing to monitor and manage the portfolio, including financial covenant compliance, risk-rating evaluations, and collateral tracking performance.
• Participate in negotiating closing legal documentation and complete pre-funding checklist requirements.
• Develop industry expertise in Oak Street Funding’s financing lines and provide internal and external training.
• Manage pipeline and assist with workflow and assigned credits, as applicable.
• Mentor, train, and guide other underwriters as needed.
• Provide group supervision or coordination in a leadership role, as applicable.
• Assist with special projects as needed.
• Meet applicable legal, regulatory, and bank compliance requirements.

Benefits

• The employer describes benefits and programs supporting associates’ holistic wellbeing and refers applicants to its Benefits Guide; specific benefits are not listed.

What This Job Offers

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