Sr. Underwriter- Marine/ Yacht

Axos Bank • San Diego, CA

2d • $80,000 - $100,000

About The Position

Analyze and evaluate marine loan applications to determine creditworthiness and eligibility for financing. Review complex borrower profiles, including high-net-worth individuals, business owners, trusts, and self-employed borrowers, while assessing collateral, borrower capacity, and overall risk. Apply sound underwriting judgment to ensure loans comply with bank policies, regulatory requirements, and portfolio credit standards.

Requirements

• High school diploma required.
• 3–5+ years of underwriting experience, preferably in marine, yacht, recreational lending, consumer lending, mortgage, or specialty asset finance.
• Experience analyzing self-employed borrowers, business owners, and high-net-worth individuals.
• Strong understanding of personal and business financial statement analysis, cash flow analysis, and credit risk assessment.
• Ability to review complex income structures, including K-1s, partnership returns, corporate returns, and trust documentation.
• Knowledge of collateral-based lending concepts, including loan-to-value analysis and asset valuation.
• Strong analytical, decision-making, and problem-solving skills.
• Excellent communication skills and ability to explain credit decisions to internal stakeholders.

Nice To Haves

• Bachelor's degree in Finance, Business, Accounting, or a related field.
• Familiarity with marine or yacht lending.

Responsibilities

• Review and underwrite marine and yacht loan applications for initial approval, conditional approval, and final clear-to-close decisions.
• Analyze personal and business tax returns, financial statements, cash flow, liquidity, and global debt obligations to assess borrowers' ability to repay.
• Evaluate complex borrower structures, including self-employed individuals, business owners, trusts, and high-net-worth clients.
• Review vessel information, collateral valuations, loan-to-value ratios, insurance requirements, and other marine-specific risk factors.
• Conduct credit analysis using credit reports, income documentation, asset verification, and debt-to-income calculations.
• Identify and mitigate credit, collateral, fraud, and compliance risks.
• Ensure underwriting decisions comply with bank policies, regulatory requirements, and marine lending guidelines.
• Provide guidance and support to junior underwriters, analysts, and loan operations staff on credit decisions and underwriting standards.
• Review and address quality control findings, credit exceptions, and post-closing issues.
• Collaborate with sales, operations, and management teams to facilitate timely and accurate loan decisions.
• Stay informed on marine lending market trends, vessel valuations, and evolving credit risk factors.
• Perform other duties as assigned.

Benefits

• Medical, dental, vision, and life insurance.
• Paid sick leave, three weeks of vacation, and holidays (about 11 a year).
• HSA or FSA account and other voluntary benefits.
• 401(k) retirement savings plan with employer match program.
• 529 savings plan.
• Employee Mortgage Loan Program.
• Free access to an Axos Bank Account with Self-Directed Trading.
• Annual discretionary cash bonus target of 10%, potentially awarded semi-annually based on achievement of performance goals and targets.
• Annual discretionary restricted stock units bonus target of 10%, potentially awarded semi-annually based on achievement of performance goals and targets.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: High school or GED