Lenders Cooperative
Overview
Welcome to Lenders Cooperative. We are a forward-thinking group of former bankers, investment bankers, and technologists who recognize the need for better innovation and solutions to support financial institutions’ commercial lending efforts. Our core mission is to help these institutions focus on their true strengths. In addition to our SaaS technology solutions, Lenders Cooperative offers staff augmentation, credit underwriting, SBA Loan Service Provider (LSP) underwriting and support, and bank operations. We are seeking a
Senior Credit Underwriter , reporting to the Head of Professional Services, to provide Portfolio Management and Underwriting support for financial institutions. Underwriting support includes spreading financial statements, analyzing global cash flow, and writing credit memoranda in conjunction with commercial loan requests. The underwriter may also execute various credit servicing activities, including covenant testing, risk rating assessments, and formal documentation of credit servicing actions. What You’ll Do: Manage the workflow of the team and provide quality assurance Perform detailed credit analysis on new and existing commercial clients, focusing on financial condition and operating performance, industry risk, and repayment ability (C&I, CRE, Ag & Non-Profit transactions) Analyze financial statements, tax returns, and collateral documentation to support underwriting decisions Prepare credit memoranda and present findings to credit committees Spread borrower year-end and interim financial statements in spreading software platforms Prepare Global Cash Flow analysis Test interim and year-end covenant compliance calculations Test interim and year-end benchmarks (if applicable) Prepare collateral analysis Spread and analyze guarantor financial information Prepare risk rating models on borrowers and guarantors Prepare new money underwriting analysis and credit servicing analysis (e.g., annual reviews) Work collaboratively with multiple stakeholders, including credit officers and relationship managers Provide training and review the work of junior associates and conduct quality assurance Be accountable for client-facing activities Exercise independent judgment and finalize risk rating decisions What We’re Looking For:
Bachelor’s degree in accounting, finance, or related field (minimum of four (4) years of commercial loan underwriting, analysis, or portfolio management experience may be substituted for a bachelor’s degree) Minimum of ten (10) years of commercial loan underwriting, analysis, or portfolio management experience preferred Demonstrates mastery of commercial credit analysis skills and ability to spread financial statements and monitor credit information with limited review and oversight Benefits:
Competitive salary and performance-based bonuses Hybrid work available Comprehensive health coverage: dental, vision, disability, and life insurance Unlimited paid time off and company holidays Collaborative and inclusive work environment What to Expect
Step 1 - Apply. It only takes a few minutes! Step 2 - HR Phone Screen. If your application is a good match, you’ll hear from a recruiter about setting up a phone screen. Step 3 - Interview(s). Learn about the job, share why you would be a great addition to the team, and determine fit. Step 4 - Decision. If it’s a good fit, we’ll make it official. Why Lenders Cooperative
Lenders is an equal-opportunity employer and is committed to providing a workplace free from harassment and discrimination. We celebrate our employees’ unique differences because that drives curiosity, innovation, and the success of our business. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, gender identity or expression, age, marital status, veteran status, disability status, pregnancy, parental status, genetic information, political affiliation, or any other status protected by the laws or regulations in the locations where we operate. Accommodations are available for applicants with disabilities. Other
Seniority level: Mid-Senior level Employment type: Full-time Job function: Information Technology Industries: Wireless Services, Telecommunications, and Communications Equipment Manufacturing Referrals increase your chances of interviewing at Lenders Cooperative by 2x. We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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Welcome to Lenders Cooperative. We are a forward-thinking group of former bankers, investment bankers, and technologists who recognize the need for better innovation and solutions to support financial institutions’ commercial lending efforts. Our core mission is to help these institutions focus on their true strengths. In addition to our SaaS technology solutions, Lenders Cooperative offers staff augmentation, credit underwriting, SBA Loan Service Provider (LSP) underwriting and support, and bank operations. We are seeking a
Senior Credit Underwriter , reporting to the Head of Professional Services, to provide Portfolio Management and Underwriting support for financial institutions. Underwriting support includes spreading financial statements, analyzing global cash flow, and writing credit memoranda in conjunction with commercial loan requests. The underwriter may also execute various credit servicing activities, including covenant testing, risk rating assessments, and formal documentation of credit servicing actions. What You’ll Do: Manage the workflow of the team and provide quality assurance Perform detailed credit analysis on new and existing commercial clients, focusing on financial condition and operating performance, industry risk, and repayment ability (C&I, CRE, Ag & Non-Profit transactions) Analyze financial statements, tax returns, and collateral documentation to support underwriting decisions Prepare credit memoranda and present findings to credit committees Spread borrower year-end and interim financial statements in spreading software platforms Prepare Global Cash Flow analysis Test interim and year-end covenant compliance calculations Test interim and year-end benchmarks (if applicable) Prepare collateral analysis Spread and analyze guarantor financial information Prepare risk rating models on borrowers and guarantors Prepare new money underwriting analysis and credit servicing analysis (e.g., annual reviews) Work collaboratively with multiple stakeholders, including credit officers and relationship managers Provide training and review the work of junior associates and conduct quality assurance Be accountable for client-facing activities Exercise independent judgment and finalize risk rating decisions What We’re Looking For:
Bachelor’s degree in accounting, finance, or related field (minimum of four (4) years of commercial loan underwriting, analysis, or portfolio management experience may be substituted for a bachelor’s degree) Minimum of ten (10) years of commercial loan underwriting, analysis, or portfolio management experience preferred Demonstrates mastery of commercial credit analysis skills and ability to spread financial statements and monitor credit information with limited review and oversight Benefits:
Competitive salary and performance-based bonuses Hybrid work available Comprehensive health coverage: dental, vision, disability, and life insurance Unlimited paid time off and company holidays Collaborative and inclusive work environment What to Expect
Step 1 - Apply. It only takes a few minutes! Step 2 - HR Phone Screen. If your application is a good match, you’ll hear from a recruiter about setting up a phone screen. Step 3 - Interview(s). Learn about the job, share why you would be a great addition to the team, and determine fit. Step 4 - Decision. If it’s a good fit, we’ll make it official. Why Lenders Cooperative
Lenders is an equal-opportunity employer and is committed to providing a workplace free from harassment and discrimination. We celebrate our employees’ unique differences because that drives curiosity, innovation, and the success of our business. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, gender identity or expression, age, marital status, veteran status, disability status, pregnancy, parental status, genetic information, political affiliation, or any other status protected by the laws or regulations in the locations where we operate. Accommodations are available for applicants with disabilities. Other
Seniority level: Mid-Senior level Employment type: Full-time Job function: Information Technology Industries: Wireless Services, Telecommunications, and Communications Equipment Manufacturing Referrals increase your chances of interviewing at Lenders Cooperative by 2x. We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr