Job Description

We are seeking an experienced Commercial Underwriter to join a financial services firm in the northern VA area. As a Senior Associate within the firm, this individual will evaluate and manage credit risk efforts across an entire lending portfolio of small business borrowers. This role is responsible for analyzing financial statements, assessing borrower risk, and making sound credit recommendations in alignment with company policy, regulatory standards, and growth objectives.

Position : Senior Associate, Underwriting

Schedule: Hybrid

Compensation : 120,000-150,000 + bonus

The ideal candidate brings strong analytical skills, sound judgment, and hands-on experience underwriting small business loans, including term loans, lines of credit, and SBA-related products.

Key Responsibilities

• Analyze and underwrite small business credit requests, including new loans, renewals, and modifications
• Review financial statements, tax returns, cash flow, collateral, and guarantor strength
• Perform global cash flow analysis and debt service coverage calculations
• Assess borrower risk and prepare clear, well-supported credit memoranda
• Ensure compliance with internal credit policies and regulatory requirements
• Collaborate with relationship managers, loan officers, and closing teams
• Monitor existing loan portfolios and identify emerging credit risks
• Support portfolio management, covenant tracking, and annual reviews
• Participate in credit committee discussions as needed

Required Qualifications

• Bachelor’s degree in finance, accounting, business, or a related field
• 5–7+ years of commercial underwriting experience, with a strong focus on small business lending, credit risk, or financial due diligence
• Experience underwriting loans typically ranging from $5m-50m, including: Term loans, Lines of credit, Equipment financing, etc..
• SBA 7(a) and/or 504 loans (preferred)
• Strong understanding of financial statements and cash flow analysis
• Knowledge of credit risk principles and underwriting best practices
• Excellent written and verbal communication skills

Preferred Qualifications

• Experience in banking, credit unions, fintech, or alternative lenders
• Familiarity with SBA SOP guidelines
• Experience with portfolio risk monitoring and stress testing
• Proficiency with underwriting and loan management systems
• Credit training or certifications (formal credit programs a plus)

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