Commercial Underwriter

$66,850 - $100,285/Yr

Elements Financial - Indianapolis, IN

Full-time - Mid Level

Remote - Indianapolis, IN

About the position

The Commercial Underwriter position at Elements Financial is a full-time role focused on supporting the growth of the Commercial Lending Department by providing lending solutions for business purposes to individual and corporate members. This hybrid role combines on-site work with additional responsibilities that can be completed remotely, allowing for flexibility while ensuring thorough credit analysis and risk assessment of commercial loan requests.

Responsibilities

• Complete a thorough, in-depth written credit analysis of new loan requests, loan change requests, renewals, and annual reviews in the Commercial Real Estate and C&I segments.
• Analyze the financial condition, operating performance, and repayment ability of commercial borrowers.
• Spread and analyze corporate and personal financial statements, tax returns, and projections to evaluate creditworthiness for commercial loan products.
• Complete accurate cash flow and debt service analyses, including business and global cash flow debt service coverage ratios.
• Obtain and analyze personal and business credit reports.
• Establish risk ratings and ensure the ongoing accuracy, timeliness, and consistency of risk ratings across the commercial loan portfolio.
• Analyze industry and market risk and economic conditions.
• Make explicit recommendations regarding the structure of new and renewal loan requests and the appropriateness of risk ratings.
• Identify and communicate issues regarding borrower financial statements, risk ratings, loan covenant adherence, and borrowing base reports to Commercial Loan Officers.
• Assist the department in developing and building more efficient and higher quality operating processes and policies.

Requirements

• Bachelor's degree in finance, accounting, or a related field, or equivalent work experience.
• Two years of commercial loan underwriting experience, including analyzing cash flow and determining debt service ability.
• One year of financial statement spreading experience.
• Exceptional analytical abilities and sound organizational skills with a working knowledge of financial statement spreading software.
• Strong collaboration skills and ability to work in a team environment.
• Excellent written and verbal communication skills sufficient to prepare detailed narratives for loan request write-ups and/or oral presentations to the Commercial Loan Committee.

Nice-to-haves

• Experience with financial software and tools.
• Ability to handle competing priorities effectively and within established timeframes.
• Demonstrated ability to build trust and foster an inclusive environment.

Benefits

• Profit sharing
• Health savings account
• On-site gym
• Dental insurance
• 401(k) with 4% match
• Tuition reimbursement
• Paid time off
• 401(k) matching
• Parental leave
• Employee assistance program
• Vision insurance
• Employee discount
• Professional development assistance
• Volunteer time off
• Life insurance
• Referral program