Commercial Underwriter II (Equipment Finance)

Pathward
Sioux Falls, Louisville
Workplace: HybridFull timeUSD 104,000 - 174,000 annuallyFunction: Banking, Lending & CreditExperience: 5+ yearsEducation: bachelorsSkills: ["Business acumen","Customer focus","Collaboration","Communication","Negotiating"]

Underwrite equipment finance and other commercial lending deals end-to-end, ensuring timely decisions that balance credit risk and return. Apply credit policies and underwriting standards, analyze deal packages, financial statements, cash flows, and collateral, and coordinate due diligence and documentation. Partner with business development teams before proposals and through closing, negotiate terms with client and counsel, and prepare credit approval narratives. Mentor and train analysts and less experienced team members.

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Pathward
Pathward
1 month ago

Commercial Underwriter II (Equipment Finance)

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Last checked: 6 hours agoStatus: Live

Job Summary

Underwrite equipment finance and other commercial lending deals end-to-end, ensuring timely decisions that balance credit risk and return. Apply credit policies and underwriting standards, analyze deal packages, financial statements, cash flows, and collateral, and coordinate due diligence and documentation. Partner with business development teams before proposals and through closing, negotiate terms with client and counsel, and prepare credit approval narratives. Mentor and train analysts and less experienced team members.
Location: Sioux Falls, Louisville
Workplace: Hybrid
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Mid level

Key Responsibilities

  • •Underwrite the full spectrum of lending products in a timely and efficient manner.
  • •Apply credit policies, corporate Program Standards, and minimum underwriting standards to assess deals.
  • •Collaborate with Business Development Officers to provide credit perspective before proposals and after issuance.
  • •Review and analyze deal packages, financial statement spreads, cash flows, collateral, and due diligence documentation.
  • •Prepare credit narratives (Credit Approval Report), negotiate closing documentation with stakeholders, and mentor/train analysts and less experienced representatives.
Travel: Low travel

Pay and Benefits

Salary: USD 104,000 - 174,000 annually
Perks:Health Insurance401kLife InsuranceDisability BenefitsPaid Leave

Key Requirements

  • •Bachelor’s degree or equivalent education and work experience.
  • •5+ years of relevant experience in lending/underwriting.
  • •Ability to apply credit policies and underwriting standards to evaluate deals and credit risk.
  • •Strong communication and negotiating skills for client and stakeholder interactions.
  • •Ability to self-train and quickly adapt to various IT systems and procedures used by the business.
Experience:5+ yearsEquipment financeLendingCredit underwriting
Education:Bachelor's
Skills:Business acumenCustomer focusCollaborationCommunicationNegotiating

Company Brief

Pathward
Provides banking-as-a-service APIs, card issuing, deposit and payment solutions for fintechs, businesses, and partners. Offers integrated banking products including debit cards, program management, and compliance services to enable financial product delivery.
Industry: Fintech Infrastructure
Growth: Established Company
WebsiteLinkedIn