Cooperative Business Services (CBS)
Commercial Construction Underwriter
Cooperative Business Services (CBS), Cincinnati, Ohio, United States, 45208
2 days ago Be among the first 25 applicants
The CBS Difference Cooperative Business Services offers a comprehensive, end-to-end commercial lending solution that empowers financial institutions with cutting‑edge software, expert services, and strategic business development resources. Additionally, we support borrowers by providing tailored business loans designed to fuel growth and success. With a focus on innovation and collaboration, CBS ensures seamless processes and enhanced opportunities for lenders and borrowers alike.
At CBS, our goal is to set the standard for excellence in business lending. We strive to be the best — in our processes, in our service, and in the results, we help our clients achieve. We’re deeply committed to serving our partner credit unions and borrowers with integrity, precision, and a shared vision for sustainable growth.
Join us on this journey as we continue to transform the future of commercial lending.
Your Role in Our Success The Commercial Construction Underwriter underwrites commercial construction loans and SBA 504 construction loans. The Underwriter ensures compliance with program and regulatory guidelines, structures loan packages, and oversees construction draw workflows. This position analyzes financial data and mitigates risk related to specialized construction lending relationships.
Here’s How You Will Make An Impact
Underwrites commercial construction and SBA 504 loan requests to ensure compliance with all internal and external regulations.
Analyzes financial statements, tax returns, cash flow projections, credit reports, and construction budgets to determine borrower repayment capacity and project feasibility.
Evaluates collateral, appraisals, project feasibility, and borrower repayment capacity to assess risk exposure.
Prepares credit memos and underwriting recommendations for management review and approval.
Reviews and recommends approvals for construction project draw requests and monitors construction progress to mitigate risk during the building phase.
Ensures accurate SBA documentation, filing requirements, and debenture funding readiness to guarantee loan eligibility and sale readiness.
Maintains underwriting records, loan data, and performance tracking in Abrigo (or similar software) for audit and reporting purposes.
Performs portfolio reviews, updates risk ratings, and reports on loan performance to inform portfolio management decisions.
Collaborates with Credit Union personnel, Business Development Officers (BDOs), closing teams, internal and external stakeholders throughout the underwriting, and participation process to ensure smooth execution.
Provides guidance to construction analysts and supports process improvements and regulatory compliance within the department.
Performs other related duties as assigned by management.
Requirements
Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.
5+ years’ experience in commercial construction and CRE underwriting required with proven expertise in SBA 504 construction loan underwriting.
Proficiency with credit spreading software, financial modeling, cash flow analysis, and construction draw software.
Expertise in construction project budgets, draw schedules, feasibility analysis, and global cash flow.
Strong understanding of commercial construction, multi‑family, hospitality and mixed‑use projects.
In‑depth knowledge of SBA 504 program guidelines, CDC coordination, and project eligibility.
The Perks of Being with Us
Compensation: Base compensation for this role ranges from $80,000-$90,000 annually.
Remote Work Environment
Generous Holidays: Take advantage of 13 paid holidays each year
Comprehensive Insurance Coverage: Choose from a selection of medical, dental, vision, and supplemental benefit plans to suit your needs. Additionally, the company provides company‑paid Short‑Term Disability (STD), Long‑Term Disability (LTD), and life insurance equivalent to 1 time your salary.
401(k) Plan: The company provides a generous matching contribution of up to 6%.
Tuition Assistance
Seniority level
Mid‑Senior level
Employment type
Full‑time
Job function
Finance and Sales
Referrals increase your chances of interviewing at Cooperative Business Services (CBS) by 2x
#J-18808-Ljbffr
The CBS Difference Cooperative Business Services offers a comprehensive, end-to-end commercial lending solution that empowers financial institutions with cutting‑edge software, expert services, and strategic business development resources. Additionally, we support borrowers by providing tailored business loans designed to fuel growth and success. With a focus on innovation and collaboration, CBS ensures seamless processes and enhanced opportunities for lenders and borrowers alike.
At CBS, our goal is to set the standard for excellence in business lending. We strive to be the best — in our processes, in our service, and in the results, we help our clients achieve. We’re deeply committed to serving our partner credit unions and borrowers with integrity, precision, and a shared vision for sustainable growth.
Join us on this journey as we continue to transform the future of commercial lending.
Your Role in Our Success The Commercial Construction Underwriter underwrites commercial construction loans and SBA 504 construction loans. The Underwriter ensures compliance with program and regulatory guidelines, structures loan packages, and oversees construction draw workflows. This position analyzes financial data and mitigates risk related to specialized construction lending relationships.
Here’s How You Will Make An Impact
Underwrites commercial construction and SBA 504 loan requests to ensure compliance with all internal and external regulations.
Analyzes financial statements, tax returns, cash flow projections, credit reports, and construction budgets to determine borrower repayment capacity and project feasibility.
Evaluates collateral, appraisals, project feasibility, and borrower repayment capacity to assess risk exposure.
Prepares credit memos and underwriting recommendations for management review and approval.
Reviews and recommends approvals for construction project draw requests and monitors construction progress to mitigate risk during the building phase.
Ensures accurate SBA documentation, filing requirements, and debenture funding readiness to guarantee loan eligibility and sale readiness.
Maintains underwriting records, loan data, and performance tracking in Abrigo (or similar software) for audit and reporting purposes.
Performs portfolio reviews, updates risk ratings, and reports on loan performance to inform portfolio management decisions.
Collaborates with Credit Union personnel, Business Development Officers (BDOs), closing teams, internal and external stakeholders throughout the underwriting, and participation process to ensure smooth execution.
Provides guidance to construction analysts and supports process improvements and regulatory compliance within the department.
Performs other related duties as assigned by management.
Requirements
Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.
5+ years’ experience in commercial construction and CRE underwriting required with proven expertise in SBA 504 construction loan underwriting.
Proficiency with credit spreading software, financial modeling, cash flow analysis, and construction draw software.
Expertise in construction project budgets, draw schedules, feasibility analysis, and global cash flow.
Strong understanding of commercial construction, multi‑family, hospitality and mixed‑use projects.
In‑depth knowledge of SBA 504 program guidelines, CDC coordination, and project eligibility.
The Perks of Being with Us
Compensation: Base compensation for this role ranges from $80,000-$90,000 annually.
Remote Work Environment
Generous Holidays: Take advantage of 13 paid holidays each year
Comprehensive Insurance Coverage: Choose from a selection of medical, dental, vision, and supplemental benefit plans to suit your needs. Additionally, the company provides company‑paid Short‑Term Disability (STD), Long‑Term Disability (LTD), and life insurance equivalent to 1 time your salary.
401(k) Plan: The company provides a generous matching contribution of up to 6%.
Tuition Assistance
Seniority level
Mid‑Senior level
Employment type
Full‑time
Job function
Finance and Sales
Referrals increase your chances of interviewing at Cooperative Business Services (CBS) by 2x
#J-18808-Ljbffr