Commercial Underwriter

The Commercial Underwriter provides the primary support for underwriting of new deals as well as existing portfolio customers, vendors, CRA-related investments as well as underwriting of new program initiatives and risk assessment of non-lending transactions.

Job Responsibilities

  • Underwriting/credit analysis of prospective programs and renewals, including those related to financial services and credit union industry. Analyze historical financial statements and projections, determine risks and mitigants, outline the background of the Borrower and conduct industry and competitive analysis. Utilize models to evaluate the strength of borrower’s cash flow and its ability to provide for primary and secondary sources of repayment, as well as models to assess refinance risk. For transaction involving individual guarantors, underwrite their financial strength, including the analysis of personal financial statements and personal/corporate tax returns.
  • Perform business and financial analysis needed for amendments, extensions and covenant waivers. Provide general review of the overall bank relationship with the customer, perform trend analysis and covenant compliance calculations. Provide recommendations for risk ratings to be communicated to BDOs, risk management and other internal teams. On as needed basis, assist with amendments and preparation/review of documents. Assist in completing annual reviews of the commercial portfolio.
  • Complete analysis related to depository and non-lending customers. Understand bank's policy in regard to ACH, RDC and other non-lending transactions. Work closely with Deposit Production and Deposition Operations teams, Ohio teams and Risk management in formulating and implementing guidelines in managing risks related to cash management.
  • Complete financial analysis of vendors. Perform credit analysis and annual reviews of companies and financial institutions with which NCB has CRA- or Mission-related relationship. Assist with preparation of Mission related reports.
  • Provide portfolio and industry analysis as necessary.

Minimum Requirements

  • Bachelor’s degree in a business related field (accounting, finance, etc.)
  • 3 to 5 years of commercial underwriting experience
  • Small Business Association (SBA) and financial services industry experience is a plus
  • Prior experience working with balance sheets, income statements and cash flow statements


Working Together. Building Community. It is more than our mission; it is the way we do business with our customers, and it is the employee culture of the bank. We offer a great place for people to work. We actively promote an inclusive environment where all employees have the opportunity to achieve professional and personal success and contribute to the organization and the community.

National Cooperative Bank, N.A. is an Equal Employment Opportunity Employer (EOE/AA)