Commercial underwriters are tasked with evaluating the risks associated with business loans ranging from $3-$60 million. and other financial agreements. They play a crucial role to manage risk while ensuring profitability and sustainability. A commercial underwriter must possess a keen analytical mind, attention to detail, and an understanding of business and economic principles to make informed decisions.

This role involves scrutinizing financial statements, assessing market conditions, and conducting in-depth client evaluations to determine eligibility and appropriate terms of lending.

Commercial Underwriter Responsibilities & Duties:

Review and analyze financial statements of businesses seeking loans.
Assess the risk associated with loan applications.
Determine the creditworthiness of applicants using financial ratios and other metrics
Prepare detailed reports on the financial status and risk levels of applicants
Negotiate terms and conditions of loans with clients
Collaborate with commercial lenders and management teams to meet client needs
Monitor existing loan portfolio to update risk assessments as necessary
Ensure compliance with regulatory guidelines and internal policies
Maintain accurate and comprehensive records of underwriting activities
Provide recommendations for approval or denial of loan.

Commercial Underwriter Qualifications & Skills:

Bachelor’s degree in finance, accounting, or a related field
Advanced knowledge of financial modeling and risk assessment tools
Experience with underwriting software and technology
Strong analytical and problem-solving skills
Excellent communication and negotiation abilities
In-depth understanding of commercial loan regulations
Proven track record of successful risk assessment and underwriting
Bachelor’s degree in finance, accounting, business, or a related discipline
Minimum of 2-3 years of experience in commercial underwriting or a related field
Proficiency in financial analysis and risk assessment
Excellent attention to detail and organizational skills
Strong interpersonal and communication skills
Ability to work independently and as part of a team
Familiarity with underwriting guidelines and regulatory requirements
Proficient in Microsoft Office Suite, especially Excel