Business Lending Underwriting Manager

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This range is provided by Farmers Insurance Federal Credit Union. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

$/yr - $/yr

Farmers Insurance Federal Credit Union (FIGFCU) is expanding our business lending capabilities beyond our traditional agent base—and we’re looking for a rising underwriting leader to help us do it. As the Business Lending Underwriting Manager, you’ll be hands‑on in underwriting a diverse range of small business credit types while helping shape the future of our business lending platform. You’ll design credit frameworks, develop policies and cross‑train team members to support new business segments and loan products.

You’ll serve as a key bridge between Underwriting and our emerging Business Banking function, supporting smart, sustainable growth as we diversify into new markets and member segments. While this is a manager‑level position, there are no direct reports initially—but you’ll help shape the underwriting function over time, with potential to build and lead a team in the future.

• Underwrite a range of small business credit products, including:
  • Business credit cards and unsecured lines of credit
  • Term loans for equipment or fleet financing
  • Working capital and cash flow‑based lending
  • Secured loans backed by business assets
• Assess financial statements, tax returns, and cash flow to evaluate repayment ability and credit risk.
• Assess business and personal assets for collateral support.
• Prepare clear, well‑supported credit memos and recommendations for loan committees or approval authorities.
• Monitor portfolio performance and emerging credit risks; recommend adjustments to exposure limits and policy as needed.

• Collaborate with the Head of Commercial Underwriting to implement scalable policies, risk rating models, and credit guidelines.
• Develop frameworks and best practices for assessing business borrowers outside the traditional agent segment.
• Contribute to process improvement initiatives related to credit policy, digital applications, and portfolio strategy.
• Support the modernization of underwriting systems, data tools, and workflows for efficiency and consistency.

• Partner with the Business Banking team to align underwriting practices with relationship development and member needs.
• Provide mentoring and credit coaching to team members as new staff are added.
• Collaborate cross‑functionally with credit, operations, and business development teams to ensure smooth deal execution and risk alignment.

• 5–10 years of business loan underwriting experience within a credit union, bank, or fintech environment.
• Hands‑on experience with multiple business credit types, including both secured and unsecured lending, with a strong track record of evaluating and managing diverse asset types to mitigate credit risk. Strong working knowledge of small business financial statements, cash flow analysis, and risk assessment.
• Familiarity with credit union lending philosophy and NCUA regulations, preferred.
• Excellent written and verbal communication skills—able to make the case for or against a deal clearly and confidently.
• Comfortable in a dual‑reporting environment with cross‑functional collaboration.

• A skilled underwriter ready to step into a more strategic and leadership‑focused role.
• A builder—energized by helping design processes and frameworks from the ground up.
• A problem‑solver who thrives in ambiguity and loves figuring out how to serve new types of members responsibly.
• A collaborator who can partner with both credit and business development teams.
• A principled professional who balances strong risk discipline with member advocacy.
• A future leader who’s looking for a place to grow.

We’re transforming how credit unions serve business members—building something meaningful from the ground up. With deep ties to Farmers Insurance and a strong member‑first culture, we’re expanding into new markets, new member segments, and new types of lending. If you want to help shape what business banking looks like at the credit union of the future, we’d love to meet you.