Senior Commercial Underwriter

Compensation: $110,000–$115,000 base + 15% bonus

We are seeking a Senior Credit Underwriter with deep expertise in floor plan lending within commercial finance. This role is responsible for underwriting, structuring, and monitoring revolving inventory/asset-based facilities, while partnering closely with originators and senior leadership on larger, complex transactions. The ideal candidate brings strong independent credit judgement, advanced financial statement analysis skills, and the ability to communicate clearly with internal stakeholders and external borrower representatives.

• Lead underwriting for floor plan lending facilities and related commercial finance products, including revolving inventory/asset-based structures.
• Drive and support transactions $10MM+, partnering with originators and senior leadership to optimize terms, covenants, collateral, and overall risk/return.
• Evaluate borrower business models, operating cycles, cash conversion dynamics, and repayment sources to ensure credit quality and sustainability.

• Autonomously issue definitive credit decisions (typically up to $10MM) in alignment with credit policy, risk appetite, and organizational objectives.
• Identify key risks and opportunities; recommend mitigants such as pricing, structure, covenants, monitoring, and collateral enhancements.
• Assess and determine additional collateral requirements and/or guarantor support as needed.

• Perform advanced spreading and analysis of borrower financials, including balance sheet, income statement, and statement of cash flows.
• Build borrower cash flow and debt capacity views; assess leverage, liquidity, profitability, and ability to service debt.
• Generate and interpret key credit metrics and ratios, including:
• Margin and profitability measures
• Liquidity and working capital indicators
• Leverage and capitalization metrics
• Debt service coverage (DSCR) and debt coverage measures
• Identify financial trends, normalize/adjust statements, and evaluate pro formas, projections, and cash budgets.
• Review borrower documentation and perform diligence to validate financial, operational, and collateral assumptions.
• Review legal and loan documentation to ensure transactions are accurately structured and adequately secured.
• Research and analyze UCC filings to confirm lien priority, collateral coverage, and implications to the credit request.
• Ensure loan packages are complete, compliant, and meet internal turnaround/time-to-decision targets.

• Write clear, detailed credit narratives summarizing borrower profile, performance, strengths/weaknesses, risks, mitigants, and recommendations.
• Present commercial loan packages to senior executives/credit committees, confidently articulating decision rationale and key risk factors.
• Communicate effectively with external stakeholders (borrowers, CPAs, attorneys, etc.) to obtain required information and support transaction execution.

• 5+ years of hands‑on floor plan lending experience in commercial finance, with proven ability to underwrite, structure, and monitor revolving inventory/asset-based facilities.
• Demonstrated experience supporting and/or leading $10MM+ transactions.
• Strong independent underwriting judgement and ability to render firm credit decisions within policy.
• Advanced financial statement analysis and cash flow underwriting skills; strong command of key ratios/metrics including DSCR.
• Experience reviewing diligence, collateral, and legal/UCC documentation to ensure proper structure and security.
• Strong written and verbal communication skills, including executive-level presentation capability.