Sr Commercial Loan Underwriter

Golden 1 Talent Acquisition Team•Sacramento, CA

3d•$55 - $70•Remote

About The Position

Golden 1 Credit Union is among the top credit unions in the country. As a member-owned, not-for-profit cooperative, Golden 1 is guided by the credit union philosophy of “people helping people.” We are committed to empowering our members and uplifting our communities as we create a more equitable and financially inclusive California. We welcome all who embrace our Core Values. You are a detail-oriented Commercial Credit Underwriter with expertise in evaluating commercial, commercial real estate, and small business loan applications. You are skilled in analyzing financial statements, tax returns, credit reports, and collateral to identify and mitigate credit risk while ensuring compliance with regulatory requirements and fair lending practices. You are recognized for exercising sound independent judgment, delivering well-supported credit recommendations, and partnering with lending teams to support responsible portfolio growth aligned with organizational risk appetite.

Requirements

Bachelor’s Degree or equivalent experience required
7+ years minimum of commercial loan experience with a financial or banking institution performing underwriting or credit analysis functions required

Responsibilities

Underwrite commercial and industrial, commercial real estate, and small business loan requests and generate approval memorandums adhering to Credit Union policy and procedures.
Enter financial figures into appropriate programs to generate ratios and examine data to determine credit worthiness. Compare items such as liquidity and profitability with other companies of same industry, size, and geographic location for commercial customers.
Coordinate with Commercial Loan Officers with the loan process by analyzing the current credit and financial information of individuals or firms (e.g., credit reports, tax returns, financial statements, etc.) to determine the degree of risk involved in extending credit.
Use independent judgment to identify risks and mitigants, prepare offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength, and financial worthiness of loan/transaction parties. If relevant, performs ongoing credit risk management for assigned portfolio.
Uphold a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.
Ability to analyze tax returns, credit and appraisal reports, fraud detection and other property or income related reports and documentation to ensure that information meets agency and credit union requirements.
Organize and prioritize daily workload to ensure compliance to credit union policy, procedures, and established turnaround times.
Cross Train to support other underwriting and credit analyst positions as needed.
Interact with management to implement procedures to prioritize work within the underwriting and processing area as volume dictates.
Evaluate Commercial Loan Guidelines to ensure they are aligned with the risk appetite of Golden 1 Credit Union as evidenced by the portfolio’s performance.
Ability to execute independent judgement on key decisions impacting the business lending unit.
Support supervisor or manager with training of staff members.
Performs other duties as assigned.