Senior Commercial Loan Underwriter

About the role

We are seeking a highly experienced Senior Underwriter to lead underwriting and credit decision-making for our small business lending platform. This individual will own complex transaction analysis, structure debt solutions, and drive credit quality across the portfolio while working closely with senior management to support disciplined growth.

Responsibilities

• Lead underwriting for $500K - $5MM+ loan transactions across small and medium-sized businesses.
• Perform advanced financial analysis, including cash flow modeling, DSCR, leverage, and scenario analysis.
• Assess borrower creditworthiness, collateral, and risk factors; assign and defend risk ratings.
• Structure loans (terms, covenants, collateral) to optimize risk-adjusted returns.
• Prepare and present credit memos and recommendations to internal decision-makers.
• Partner with origination/sales to evaluate deals from initial screening through approval.
• Provide oversight of credit analysis (not just review/verification) and ensure analytical rigor across the team.
• Monitor portfolio performance and proactively identify emerging risks or problem credits.
• Ensure compliance with internal credit policies and regulatory expectations.
• Mentor and develop junior underwriters and analysts.

Requirements

• 7-10+ years of underwriting/credit experience in loan underwriting or specialty finance.
• Direct experience underwriting small business loans ($500K - $5MM range).
• Strong background in non-real estate collateral lending and term loan structures.
• Proven ability to independently analyze, structure, and approve complex transactions.
• Experience managing or leading analysts/junior underwriters.
• Bachelor's degree in Finance, Accounting, or a related field (CPA or CFA preferred).
• Ability to commute to Park City, UT 84098 (required).
• Ability to relocate to Park City, UT 84098 before starting work (required).

Skills

• Deep financial statement analysis and cash flow underwriting.
• Strong credit judgment and risk assessment ability.
• Expertise in loan structuring, covenants, and collateral analysis.
• Advanced Excel and financial modeling capabilities.
• Excellent written and verbal communication skills, particularly for preparing credit memos.
• Ability to manage multiple transactions in a fast-paced environment.

Preferred Qualifications

• Experience in insurance agency lending or specialty finance.
• Experience working directly with credit committees or investment teams.

Benefits

• 401(k)
• Dental Insurance
• Flexible Schedule
• Health Insurance
• Paid Time Off
• Vision Insurance

Pay

$65,000 - $110,000 per year

Schedule

Full-time

Work Location

Hybrid Remote - Park City, UT 84098