{"schemaVersion":"jobsearcher.job.v1","id":"fa8dcf889e4f020ae1c0b708","url":"https://jobsearcher.com/jobs/fa8dcf889e4f020ae1c0b708","canonicalUrl":"https://jobsearcher.com/jobs/fa8dcf889e4f020ae1c0b708","title":"Sr. Underwriter","description":"About Craft3\nCraft3 is on a mission to build a thriving, just, and empowered Pacific Northwest. As a nonprofit community lender founded in 1994, we provide responsible financing and support to entrepreneurs, businesses, and communities that traditional finance often overlook. We believe everyone deserves access to capital and the chance to succeed. We work with people who have been denied access to opportunity — helping them build wealth, strengthen their communities, and create lasting change across Oregon and Washington.\n\nOur team is passionate about our mission and brings expertise from banking, community development, finance, accounting, natural resources, and regional planning. While they connect to our mission in different ways, all staff care deeply about using finance to expand opportunities and create a more inclusive world.\n\nReady to take the next step? We are looking for a Sr. Underwriter to join our amazing Craft3 team in the WA or OR Area.\n\nWhat We Offer\n\nAt Craft3 we value our team members and offer a comprehensive benefits package that supports their health, well-being, and ongoing professional growth.\n\nComprehensive Medical, Dental and Vision Coverage to keep you and your family healthy\nA 403(b) Retirement Plan with matching contribution to help secure your financial future\nGenerous Paid Time Off (PTO) that includes 9 Company Holidays + 2 Paid Weeks of Rest annually to relax and recharge\n32 hours of Paid Volunteer Time Off (VTO) – give back to the community while we support your time\n12 weeks of Paid Parental Leave to support you through important family milestones\n$5,250 per year in Tuition Reimbursement to invest in your continuous learning\n$500 per year Wellness reimbursement each year to encourage your holistic health\nSabbaticals for all employees after 7 years of service\nFlexible work arrangements including Hybrid and Remote Work Options to fit your lifestyle\nAccess to welcoming physical office spaces in Seattle, Portland, and Astoria.\n\nFor more information about Craft3 culture, philosophy, and our Benefits visit our website at: www.craft3.org/about/careers\n\nAbout the Job:\n\nReporting to the Director of Credit Risk, the Sr. Underwriter at Craft3 underwrites commercial loans and conducts financial analysis for prospective and existing borrowers. This role supports lenders through loan closing, post-closing activities, ongoing financial analysis, and credit quality monitoring. As an integral partner of the Lending Team, the Sr. Underwriter builds strong working relationships with lenders, Credit Risk Management, and other underwriters to evaluate new commercial credit opportunities, underwrite new and renewed credit exposure, and help manage a loan portfolio. The work includes gathering information, conducting research and analysis, identifying and mitigating underwriting risk in commercial lending, and interacting with borrowers by phone or, occasionally, in person.\n\nEssential Duties and Responsibilities:\nCraft3 reserves the right to change, add, or delete responsibilities and duties. Essential duties and responsibilities include some or all of the preceding; these are not, however, intended to be all-inclusive.\n\nThe essential duties and responsibilities for this position are:\n\nUnderwrite complex large credits (>$1MM), including multi-party borrowers, New Market Tax Credits, 3rd party agreements, or unusual financing structures.\nPrepare and present credit recommendations supported by detailed analysis of financial statements, projections and business plans. Evaluate borrower’s cash flow to assess feasibility and appropriate terms.\nStructure loans with appropriate covenants, closing conditions, and third party guarantees or participations to mitigate risk. Develop detailed cash flow models for a variety of loan types and structures. Summarize complex transactions and assess repayment ability and borrower’s ability to implement their plan.\nSupport periodic credit servicing of loans within the portfolio.\nAnalyzes industry trends, competitive dynamics and macroeconomic events affecting borrower’s creditworthiness.\nEffectively and efficiently communicate knowledge and expertise to others (internally and externally).\nMentor and support the development of other Commercial Underwriters.\nCoordinate and support new lender onboarding related to underwriting process\nParticipate in community events and outreach activities that elevate Craft3’s visibility.\nManage multiple projects simultaneously and prioritize workload effectively.\nCoordinate credit pipeline for assigned lenders.\nSeek assistance and insight from others when appropriate\nAuthorities\nAssign appropriate risk rating, identify key risks, credit worthiness, covenant compliance.\nEndorse Credit Memos for Staff Loan Committee approval meetings, as assigned.\nFull voting participation on Staff Loan Committee approvals, as assigned.\nLead training and cross training efforts related to underwriting and credit processes.\nRecommend and implement underwriting process improvements and enhancements to information flow between Underwriters and Lenders. Monitor and prioritize the credit review process.\nEnsures compliance with credit policy and funder or guarantor requirements, particularly SBA and USDA on assigned credits.\nEndorse waiver or forbearance of minor covenants violations.\nQualifications\nAbility to identify and prioritize Craft3 risks in a proposed or existing borrower; develop appropriate risk mitigation strategies.\nThe role will require the ability to read, analyze, and interpret technical procedures, legal documents or governmental regulations and the interpretations impact on deal risk or structuring.\nBasic Algebra skills required. Able to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.\nProficiency with major software programs; e.g. Contact Management Systems, Word Processing, PowerPoint and Spreadsheet software.\n\nDirect / Indirect Reports: This position will not manage any direct reports.\n\nKnowledge and Experience:\n\nSix to ten years’ experience in business or financial analysis. Preferably in commercial lending, underwriting or the equivalent combination of education and work experience.\nUnderstanding of financial statement analysis and Generally Accepted Accounting Principles (GAAP) including experience in analyzing historical financials, projections and the nuances of underwriting start-up businesses.\nThorough understanding of the principles of finance, strong math skills, and the ability to identify and resolve complex financial problems are essential.\nA basic understanding of the principles of community development finance and government guarantees (USDA and SBA).\nExcellent written and oral communication skills, including a comfort level with public speaking.\nStrong customer relationship management skills.\n\nPreferred Skills and Abilities:\nWe encourage all candidates with diverse perspectives and backgrounds to apply regardless of whether you meet all the requirements of the job description.\n\nSome specific things we are looking for in this role are candidates who demonstrate:\n\nAttention to detail\nAble to deal with frequent change, delays, or unexpected events. Needs to have an ability to balance multiple work assignments, organized work habits, and work independently and in partnership with lending partners.\n\nTravel:\n\nPeriodic travel is expected for customer and office visits in Oregon and Washington, as well as company events.\n\nPhysical Demands\nFrequently requires use of manual dexterity and repetitive motions, primarily with the wrists, hands, and/or fingers. Must be able to occasionally list and/or move up to 10 pounds.\n\nReasonable accommodations may be made to enable individuals with disabilities to perform essential functions.\n\nCraft3 is an Equal Opportunity Employer\n\nCraft3 is an Equal Opportunity Employer. We comply with all applicable laws prohibiting discrimination and make all hiring and employment decisions based on individual qualifications and merit. Veterans and individuals with disabilities are encouraged to apply. If accommodation is needed to participate in the job application or interview process, or to perform essential job functions, please contact our Talent Acquisition Team at recruitment@craft3.org, 888-231-2170.\n\nEmployment offers may require final candidates to successfully complete and pass a background check prior to employment, consistent with business necessity and applicable federal, state and local law. We're actively working to create a workplace where everyone can thrive. We believe different perspectives make us stronger and help us better serve the Pacific Northwest.\n\nThe pay range for this role is:\n115,000 - 135,000 USD per year(Remote)","company":"Craft3","rawCompany":"craft3","city":"Aberdeen","state":"WA","isRemote":false,"isActive":false,"createdAt":"2026-09-14T08:49:09.376Z","occupations":[{"code":"13-2041.00","title":"Credit Analysts","slug":"credit-analysts"},{"code":"13-2072.00","title":"Loan Officers","slug":"loan-officers"},{"code":"13-2054.00","title":"Financial Risk Specialists","slug":"financial-risk-specialists"}],"industries":[{"code":"522291","title":"Consumer Lending","slug":"consumer-lending"},{"code":"522299","title":"International, Secondary Market, and All Other Nondepository Credit Intermediation","slug":"international-secondary-market-and-all-other-nondepository-credit-intermediation"},{"code":"522390","title":"Other Activities Related to Credit Intermediation","slug":"other-activities-related-to-credit-intermediation"}],"jobPosting":{"@context":"https://schema.org","@type":"JobPosting","title":"Sr. Underwriter","description":"About Craft3\nCraft3 is on a mission to build a thriving, just, and empowered Pacific Northwest. As a nonprofit community lender founded in 1994, we provide responsible financing and support to entrepreneurs, businesses, and communities that traditional finance often overlook. We believe everyone deserves access to capital and the chance to succeed. We work with people who have been denied access to opportunity — helping them build wealth, strengthen their communities, and create lasting change across Oregon and Washington.\n\nOur team is passionate about our mission and brings expertise from banking, community development, finance, accounting, natural resources, and regional planning. While they connect to our mission in different ways, all staff care deeply about using finance to expand opportunities and create a more inclusive world.\n\nReady to take the next step? We are looking for a Sr. Underwriter to join our amazing Craft3 team in the WA or OR Area.\n\nWhat We Offer\n\nAt Craft3 we value our team members and offer a comprehensive benefits package that supports their health, well-being, and ongoing professional growth.\n\nComprehensive Medical, Dental and Vision Coverage to keep you and your family healthy\nA 403(b) Retirement Plan with matching contribution to help secure your financial future\nGenerous Paid Time Off (PTO) that includes 9 Company Holidays + 2 Paid Weeks of Rest annually to relax and recharge\n32 hours of Paid Volunteer Time Off (VTO) – give back to the community while we support your time\n12 weeks of Paid Parental Leave to support you through important family milestones\n$5,250 per year in Tuition Reimbursement to invest in your continuous learning\n$500 per year Wellness reimbursement each year to encourage your holistic health\nSabbaticals for all employees after 7 years of service\nFlexible work arrangements including Hybrid and Remote Work Options to fit your lifestyle\nAccess to welcoming physical office spaces in Seattle, Portland, and Astoria.\n\nFor more information about Craft3 culture, philosophy, and our Benefits visit our website at: www.craft3.org/about/careers\n\nAbout the Job:\n\nReporting to the Director of Credit Risk, the Sr. Underwriter at Craft3 underwrites commercial loans and conducts financial analysis for prospective and existing borrowers. This role supports lenders through loan closing, post-closing activities, ongoing financial analysis, and credit quality monitoring. As an integral partner of the Lending Team, the Sr. Underwriter builds strong working relationships with lenders, Credit Risk Management, and other underwriters to evaluate new commercial credit opportunities, underwrite new and renewed credit exposure, and help manage a loan portfolio. The work includes gathering information, conducting research and analysis, identifying and mitigating underwriting risk in commercial lending, and interacting with borrowers by phone or, occasionally, in person.\n\nEssential Duties and Responsibilities:\nCraft3 reserves the right to change, add, or delete responsibilities and duties. Essential duties and responsibilities include some or all of the preceding; these are not, however, intended to be all-inclusive.\n\nThe essential duties and responsibilities for this position are:\n\nUnderwrite complex large credits (>$1MM), including multi-party borrowers, New Market Tax Credits, 3rd party agreements, or unusual financing structures.\nPrepare and present credit recommendations supported by detailed analysis of financial statements, projections and business plans. Evaluate borrower’s cash flow to assess feasibility and appropriate terms.\nStructure loans with appropriate covenants, closing conditions, and third party guarantees or participations to mitigate risk. Develop detailed cash flow models for a variety of loan types and structures. Summarize complex transactions and assess repayment ability and borrower’s ability to implement their plan.\nSupport periodic credit servicing of loans within the portfolio.\nAnalyzes industry trends, competitive dynamics and macroeconomic events affecting borrower’s creditworthiness.\nEffectively and efficiently communicate knowledge and expertise to others (internally and externally).\nMentor and support the development of other Commercial Underwriters.\nCoordinate and support new lender onboarding related to underwriting process\nParticipate in community events and outreach activities that elevate Craft3’s visibility.\nManage multiple projects simultaneously and prioritize workload effectively.\nCoordinate credit pipeline for assigned lenders.\nSeek assistance and insight from others when appropriate\nAuthorities\nAssign appropriate risk rating, identify key risks, credit worthiness, covenant compliance.\nEndorse Credit Memos for Staff Loan Committee approval meetings, as assigned.\nFull voting participation on Staff Loan Committee approvals, as assigned.\nLead training and cross training efforts related to underwriting and credit processes.\nRecommend and implement underwriting process improvements and enhancements to information flow between Underwriters and Lenders. Monitor and prioritize the credit review process.\nEnsures compliance with credit policy and funder or guarantor requirements, particularly SBA and USDA on assigned credits.\nEndorse waiver or forbearance of minor covenants violations.\nQualifications\nAbility to identify and prioritize Craft3 risks in a proposed or existing borrower; develop appropriate risk mitigation strategies.\nThe role will require the ability to read, analyze, and interpret technical procedures, legal documents or governmental regulations and the interpretations impact on deal risk or structuring.\nBasic Algebra skills required. Able to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.\nProficiency with major software programs; e.g. Contact Management Systems, Word Processing, PowerPoint and Spreadsheet software.\n\nDirect / Indirect Reports: This position will not manage any direct reports.\n\nKnowledge and Experience:\n\nSix to ten years’ experience in business or financial analysis. Preferably in commercial lending, underwriting or the equivalent combination of education and work experience.\nUnderstanding of financial statement analysis and Generally Accepted Accounting Principles (GAAP) including experience in analyzing historical financials, projections and the nuances of underwriting start-up businesses.\nThorough understanding of the principles of finance, strong math skills, and the ability to identify and resolve complex financial problems are essential.\nA basic understanding of the principles of community development finance and government guarantees (USDA and SBA).\nExcellent written and oral communication skills, including a comfort level with public speaking.\nStrong customer relationship management skills.\n\nPreferred Skills and Abilities:\nWe encourage all candidates with diverse perspectives and backgrounds to apply regardless of whether you meet all the requirements of the job description.\n\nSome specific things we are looking for in this role are candidates who demonstrate:\n\nAttention to detail\nAble to deal with frequent change, delays, or unexpected events. Needs to have an ability to balance multiple work assignments, organized work habits, and work independently and in partnership with lending partners.\n\nTravel:\n\nPeriodic travel is expected for customer and office visits in Oregon and Washington, as well as company events.\n\nPhysical Demands\nFrequently requires use of manual dexterity and repetitive motions, primarily with the wrists, hands, and/or fingers. Must be able to occasionally list and/or move up to 10 pounds.\n\nReasonable accommodations may be made to enable individuals with disabilities to perform essential functions.\n\nCraft3 is an Equal Opportunity Employer\n\nCraft3 is an Equal Opportunity Employer. We comply with all applicable laws prohibiting discrimination and make all hiring and employment decisions based on individual qualifications and merit. Veterans and individuals with disabilities are encouraged to apply. If accommodation is needed to participate in the job application or interview process, or to perform essential job functions, please contact our Talent Acquisition Team at recruitment@craft3.org, 888-231-2170.\n\nEmployment offers may require final candidates to successfully complete and pass a background check prior to employment, consistent with business necessity and applicable federal, state and local law. We're actively working to create a workplace where everyone can thrive. We believe different perspectives make us stronger and help us better serve the Pacific Northwest.\n\nThe pay range for this role is:\n115,000 - 135,000 USD per year(Remote)","datePosted":"2026-09-14T08:49:09.376Z","dateModified":"2026-09-14T08:49:09.376Z","hiringOrganization":{"@type":"Organization","name":"Craft3","sameAs":"https://jobsearcher.com"},"jobLocation":{"@type":"Place","address":{"@type":"PostalAddress","addressLocality":"Aberdeen","addressRegion":"WA","addressCountry":"US"}},"identifier":{"@type":"PropertyValue","name":"JobSearcher","value":"fa8dcf889e4f020ae1c0b708"},"url":"https://jobsearcher.com/jobs/fa8dcf889e4f020ae1c0b708"}}