Small Business Underwriter I

Discover Financial
Plano
Workplace: OnsiteFull timeUSD 109,900 - 125,400 annuallyFunction: Banking, Lending & CreditExperience: 3+ yearsEducation: bachelorsSkills: ["Risk assessment","Regulatory compliance","Customer service","Process improvement","Training"]

Underwrite new small business loan requests and complete renewals, annual reviews, and credit assessments up to your commercial loan authority. Partner with business bankers and advocates to structure requests within policy, deliver outstanding customer experience, assign risk ratings, and ensure compliance with bank and regulatory requirements. Improve underwriting and risk management practices, support training and team growth, and contribute to special projects for the Small Business Lending Operations team.

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Discover Financial
Discover Financial
4 days ago

Small Business Underwriter I

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Last checked: 11 hours agoStatus: Live

Job Summary

Underwrite new small business loan requests and complete renewals, annual reviews, and credit assessments up to your commercial loan authority. Partner with business bankers and advocates to structure requests within policy, deliver outstanding customer experience, assign risk ratings, and ensure compliance with bank and regulatory requirements. Improve underwriting and risk management practices, support training and team growth, and contribute to special projects for the Small Business Lending Operations team.
Location: Plano
Workplace: Onsite
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Mid level

Key Responsibilities

  • •Underwrite and perform renewals or reviews of loans up to $10MM.
  • •Underwrite and make decisions on new loan requests, renewals, annual reviews, and credit assessments within commercial loan authority in line with policy and portfolio objectives.
  • •Provide outstanding service to business bankers and internal partners.
  • •Partner with Small Business Bankers to structure loan requests to fit policy while mitigating lending risks and meeting borrower needs.
  • •Recommend commercial loan risk rating grades and support regulatory compliance through adherence to policies and procedures.

Pay and Benefits

Salary: USD 109,900 - 125,400 annually

Key Requirements

  • •Bachelor’s Degree or Military experience.
  • •At least 3 years of experience in credit administration, small business underwriting, commercial loan underwriting, or commercial lending.
  • •4+ years of experience in credit administration, small business underwriting, commercial loan underwriting, or commercial lending.
  • •Bachelor’s Degree in Finance or Accounting.
  • •Completion of a formal credit training.
Experience:3+ yearsSmall business underwritingCredit administrationCommercial lendingCommercial loan underwriting
Education:Bachelor's in Finance or Accounting
Skills:Risk assessmentRegulatory complianceCustomer serviceProcess improvementTraining

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Discover Financial
Provides consumer banking products, credit cards, personal loans, and payment services through the Discover brand. It operates a major U.S. financial network and serves individuals and merchants with lending and digital payment solutions.
Industry: Retail Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 10M to 25M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Riverwoods, United States
Founded: 1985
WebsiteLinkedIn