Commercial Loan Underwriter Job in Hartford, CT
Listed on 2026-08-02
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Finance & Banking
Credit Analyst, Risk Manager/Analyst, Underwriter, Loan Officer / Lending
Commercial Loan Underwriter
Hartford, CT
The Commercial Loan Underwriter is responsible for evaluating, analyzing, and underwriting commercial loan requests that support the mission of the Community Development Financial Institution (CDFI). This role balances sound credit practices with the organization's commitment to expanding access to capital for underserved businesses, nonprofit organizations, and communities. The Underwriter works closely with Loan Officers, Credit Administration, and Executive Management to ensure loan recommendations align with both prudent lending standards and the CDFI's impact objectives.
The ideal candidate has commercial credit underwriting experience gained through a bank, credit union, CDFI, or other financial services organization and possesses strong analytical, financial, and communication skills.
Essential Duties and Responsibilities
- Analyze commercial loan applications, including business, commercial real estate, nonprofit, and small business lending opportunities.
- Review financial statements, tax returns, cash flow projections, collateral, business plans, and supporting documentation to assess creditworthiness.
- Prepare comprehensive credit memorandums that include financial analysis, risk assessment, repayment capacity, collateral evaluation, and loan recommendations.
- Calculate and interpret key financial ratios, debt service coverage, global cash flow, leverage, liquidity, and other credit metrics.
- Assess borrower management experience, industry conditions, and market risks.
- Structure loan terms, covenants, collateral requirements, and pricing consistent with organizational lending policies.
- Present loan recommendations to management and Loan Committee.
- Ensure compliance with internal credit policies, regulatory requirements, and CDFI program guidelines.
- Work collaboratively with Loan Officers to identify strengths, weaknesses, and mitigating factors within loan requests.
- Assist with annual loan reviews, portfolio monitoring, risk rating updates, and covenant compliance.
- Support the development and refinement of underwriting policies and procedures.
- Maintain accurate documentation within the loan origination and servicing systems.
- Participate in credit discussions and portfolio management activities to help maintain a high-quality loan portfolio.
- Stay current on commercial lending trends, regulatory changes, and community development financing programs.
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