Senior Commercial Credit Underwriter

DescriptionThe Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank’s credit policies, regulatory requirements, and risk appetite. This role partners closely with Relationship Managers and Credit Officers to assess borrower creditworthiness, structure loans appropriately, and present well-supported credit recommendations for approval.Who We AreIroquois Federal, a division of Servbank, N.A., was founded in 1883 in Watseka, Illinois, under a state charter and a commitment to making a meaningful difference. Over the years, we’ve grown, expanding to six additional banking offices across welcoming Midwest communities, while staying true to our roots. At every location, you’ll find people who understand where you’re coming from and are dedicated to helping you reach where you want to go.Key ResponsibilitiesUnderwrite new and existing commercial loan requests, including C&I, commercial real estate (owner-occupied and investor), construction, and participation loansPerform comprehensive financial analysis, including:Spreading and analyzing business and personal financial statementsCash flow and global debt service coverage analysisCollateral and loan-to-value analysisIndustry, borrower, and guarantor risk assessmentIdentify and document policy exceptions, mitigating factors, and credit risksPrepare clear, concise Credit Approval Memos (CAMs) and underwriting narratives for submission to appropriate approval authoritiesRecommend deal structure, loan terms, covenants, and conditions to mitigate riskPartner with Relationship Managers throughout the loan lifecycle, from application through closingReview appraisals, environmental reports, and third-party documentation as applicableSupport loan closing by reviewing final documentation and ensuring credit approval conditions are metMonitor portfolio performance and covenant compliance, as assignedEnsure adherence to all internal policies, regulatory requirements, and fair lending standardsCollaborate with credit, legal, loan operations, and risk management teamsContribute to process improvements and support a strong credit cultureRequirementsBachelor’s degree in Finance, Accounting, Business Administration, or related field3–5+ years of experience in commercial credit underwriting, credit analysis, or commercial lendingStrong understanding of common commercial loan products, credit structures, and documentationAdvanced financial statement and cash flow analysis skillsWorking knowledge of banking regulations and credit risk management principlesExperience preparing and presenting credit memoranda to approval committees preferredRequired SkillsStrong analytical, problem-solving, and decision-making skillsExcellent written and verbal communication abilitiesHigh attention to detail and strong organizational skillsAbility to manage multiple priorities in a fast-paced environmentProficiency in Microsoft Excel and Word; experience with loan origination or core banking systems preferredAbility to work independently while collaborating effectively with cross-functional partnersEEO StatementWe’re an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.