Senior Commercial Underwriter

FourLeaf Federal Credit Union•Town of Oyster Bay, NY

8d•$106,391 - $127,669•Remote

About The Position

The Senior Commercial Underwriter is responsible for commercial credit activities at FourLeaf, ensuring consistency with MBL policy and commercial credit standards across commercial lending activities and the portfolio. The role offers flexible work options, including a remote setup. The underwriter reviews and analyzes commercial loan packages, prepares financial spreads and detailed credit approval memos, assesses creditworthiness and risk, and recommends risk ratings or credit restructuring. The role handles higher-volume and more complicated transactions, including C&I and construction deals, and owns assigned files through decisioning and closing. It also involves collaboration with internal and external stakeholders, support for loan sales and audits, maintenance of underwriting files, assistance with portfolio reviews and workouts, mentoring teammates, and contributing to lending policy and procedure updates.

Requirements

Bachelor’s degree in Business or Finance.
5–9 years of experience.
Strong analytical skills in documenting and evaluating owner-occupied commercial real estate transactions and C&I.

Responsibilities

Review and analyze commercial loan packages, including leases, rent rolls, tax returns, financial statements, credit reports, appraisal reports, and environmental reports; assess market data and risk to determine creditworthiness and make credit decisions in accordance with FourLeaf policies and procedures.
Prepare standardized financial statement and/or tax return spreads to support borrower financial analysis.
Handle higher-volume and more complicated deals, including C&I and construction transactions; prepare detailed credit approval memos for review by the department AVP and FourLeaf credit committee, covering property occupancy, cash flow, market outlook, guarantor strength, risks, and mitigating factors.
Recommend risk ratings and/or credit restructuring based on underwriting-identified risks.
Help maintain the commercial credit pipeline and provide status updates for loan files in process; take ownership of assigned files to ensure loans are decisioned and closed within expected timeframes.
Correspond and collaborate with legal counsel, relationship managers, commercial operations specialists, commercial lending management, members, and prospective members while maintaining high service standards.
Assist the Commercial Capital Markets Manager with responses and documentation for loan-sale participants’ requests.
Maintain underwriting files and review loan documentation prepared by legal counsel for accuracy and adherence to FourLeaf policies and procedures.
Assist with auditor questions and requests during internal and external audits of the commercial lending portfolio and underwriting practices.
Assist workout and portfolio teams with annual reviews, workout evaluations, and proposals.
Mentor and coach other underwriters or teammates.
Assist in updating lending and underwriting policies, guidelines, and procedures to ensure compliance.