Sr. Underwriter

About Craft3

Craft3 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.

Our 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.

Ready to take the next step? We are looking for a Sr. Underwriter to join our amazing Craft3 team in the WA or OR Area.

At Craft3 we value our team members and offer a comprehensive benefits package that supports their health, well-being, and ongoing professional growth.

• Comprehensive Medical, Dental and Vision Coverage to keep you and your family healthy
• 403(b) Retirement Plan with matching contribution to help secure your financial future
• Generous Paid Time Off (PTO) that includes 9 Company Holidays + 2 Paid Weeks of Rest annually to relax and recharge
• 32 hours of Paid Volunteer Time Off (VTO) – give back to the community while we support your time
• 12 weeks of Paid Parental Leave to support you through important family milestones
• $ 5,250 per year in Tuition Reimbursement to invest in your continuous learning
• $500 per year Wellness reimbursement each year to encourage your holistic health
• Sabbaticals for all employees after 7 years of service
• Flexible work arrangements including Hybrid and Remote Work Options to fit your lifestyle
• Access to welcoming physical office spaces in Seattle, Portland, and Astoria .

Reporting 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.

Craft3 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.

• Underwrite complex large credits (>$1MM), including multi-party borrowers, New Market Tax Credits, 3rd party agreements, or unusual financing structures.
• Prepare 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.
• Structure 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.
• Support periodic credit servicing of loans within the portfolio.
• Analyzes industry trends, competitive dynamics and macroeconomic events affecting borrower’s creditworthiness.
• Effectively and efficiently communicate knowledge and expertise to others (internally and externally).
• Mentor and support the development of other Commercial Underwriters.
• Coordinate and support new lender onboarding related to underwriting process
• Participate in community events and outreach…