Talent.com
Servbank
Senior Commercial Credit UnderwriterServbank • Bourbonnais, IL, United States
Senior Commercial Credit Underwriter

Senior Commercial Credit Underwriter

Servbank • Bourbonnais, IL, United States
11 days ago
Job type
  • Full-time
Job description

Senior Commercial Credit Underwriter

The 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.

Iroquois 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 Responsibilities

  • Underwrite new and existing commercial loan requests, including C&I, commercial real estate (owner-occupied and investor), construction, and participation loans
  • Perform comprehensive financial analysis, including:
  • Spreading and analyzing business and personal financial statements
  • Cash flow and global debt service coverage analysis
  • Collateral and loan-to-value analysis
  • Industry, borrower, and guarantor risk assessment
  • Identify and document policy exceptions, mitigating factors, and credit risks
  • Prepare clear, concise Credit Approval Memos (CAMs) and underwriting narratives for submission to appropriate approval authorities
  • Recommend deal structure, loan terms, covenants, and conditions to mitigate risk
  • Partner with Relationship Managers throughout the loan lifecycle, from application through closing
  • Review appraisals, environmental reports, and third-party documentation as applicable
  • Support loan closing by reviewing final documentation and ensuring credit approval conditions are met
  • Monitor portfolio performance and covenant compliance, as assigned
  • Ensure adherence to all internal policies, regulatory requirements, and fair lending standards
  • Collaborate with credit, legal, loan operations, and risk management teams
  • Contribute to process improvements and support a strong credit culture

Requirements

  • Bachelor's degree in Finance, Accounting, Business Administration, or related field
  • 35+ years of experience in commercial credit underwriting, credit analysis, or commercial lending
  • Strong understanding of common commercial loan products, credit structures, and documentation
  • Advanced financial statement and cash flow analysis skills
  • Working knowledge of banking regulations and credit risk management principles
  • Experience preparing and presenting credit memoranda to approval committees preferred

Required Skills

  • Strong analytical, problem-solving, and decision-making skills
  • Excellent written and verbal communication abilities
  • High attention to detail and strong organizational skills
  • Ability to manage multiple priorities in a fast-paced environment
  • Proficiency in Microsoft Excel and Word; experience with loan origination or core banking systems preferred
  • Ability to work independently while collaborating effectively with cross-functional partners

EEO Statement: We'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.

Create a job alert for this search

Senior Commercial Credit Underwriter • Bourbonnais, IL, United States

Similar jobs

Senior Underwriter, Management Liability

IAT Insurance GroupNaperville, IL, United States
Full-time

We are excited to announce that the Management Liability team within IAT Insurance Group has an immediate opening for a Senior Underwriter.This position will partner with wholesalers, to grow a pro... Show more

 • Promoted

Remote Insurance Underwriter – Excess & Specialty

Micro1Bradley, Illinois, US
$55.00 hourly
Remote
Full-time

Insurance Underwriter – Excess & Specialty.AI data lab for training frontier models and evaluating AI agents.Experts contribute their diverse subject matter knowledge across domains such as fin... Show more

 • Promoted

Senior Manager, Credit & Collections

RoadrunnerDowners Grove, IL, United States
Full-time

Senior Manager, Credit & Collections.During the onboarding period, this role will report to the Advisor to the President/COO, with responsibility for company-wide collections, credit policy complia... Show more

 • Promoted

Senior Manager, Credit & Collections

Roadrunner FreightDowners Grove, IL, United States
Full-time

Senior Manager, Credit & Collections.During the onboarding period, this role will report to the Advisor to the President/COO, with responsibility for company-wide collections, credit policy complia... Show more

 • Promoted

Senior Liability Claims Specialist

CorVelDowners Grove, IL, United States
Full-time

Senior Liability Claims Specialist.The Senior Liability Claims Specialist manages mid to complex Auto and/or General Liability claims, including bodily injury and property damage.This role aims to ... Show more

 • Promoted

Loan Originator - (South Region)

Wintrust FinancialFrankfort, IL, United States
Full-time

Wintrust Mortgage Loan Originator.Wintrust Mortgage was founded in 1981 to help customers achieve the American dream of homeownership and has since successfully navigated the ever-changing real est... Show more

 • Promoted

Associate Manager, Commercial Enablement

LanceSoftNaperville, IL, United States
Full-time

Associate Manager, Commercial Enablement.Duration: 0-3+ Months (Possible Extension depending on performance).Shift: 1st Shift (9AM-3PM, M-F).Frequently execute, monitor, and drive visibility to Pro... Show more

 • Promoted

Mortgage Originator | Gartner/Naperville

BuseyNaperville, IL, United States
Full-time

The Mortgage Originator is responsible for developing new business and originating quality mortgage loans in accordance with established Bank policies and procedures.This position will serve as rep... Show more

 • Promoted

J.P. Morgan Wealth Management Private Client Advisor - Chicago Far South

JPMorgan ChaseFrankfort, IL, United States
Full-time

Private Client Advisor In Chase Wealth Management.Morgan Chase, we have an enthusiasm for helping our clients, taking care of our employees, building relationships, and delivering extraordinary cus... Show more

 • Promoted

Company CDL A Truck Driver - 100% No-Touch

Riverside TransportKankakee, IL, United States
Full-time

PAY THAT SHOWS UP - Earn up to $93,600 per year*.GET PAID TO GET STARTED - $1,500 sign-on bonus + $500 orientation pay*.EASY WEEKS - 100% no-touch dry van hauling.Why Drive for Riverside Transport?... Show more

 • Promoted

Sales Manager/Finance Manager

Arnie Bauer Chevrolet GMCElwood, IL, United States
Full-time

Arnie Bauer Chevy GMC is looking for a driven, hands-on Sales Manager to lead our day-to-day sales operations.This role offers a unique opportunity to grow with us as we prepare to move into a much... Show more

 • Promoted

Senior Manager - Sales

PremistarFrankfort, IL, United States
Full-time

The Manager - Sales leads all owner-direct commercial sales activity at the business unit level.This is a pure management role focused on building a high-performing sales team, driving pipeline dis... Show more

 • Promoted

Senior Commercial Credit Underwriter

ServbankBourbonnais, IL, United States
Full-time

Senior Commercial Credit Underwriter.The Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank's credit... Show more

 • Promoted

Assurance Senior Associate

DHJJ Certified Public Accountants and Business AdvisorsNaperville, IL, United States
Full-time

Put yourself on track to become a principal in our firm.A great client experience begins with a great employee experience.As part of the DHJJ team, you will enjoy collaborating with your colleagues... Show more

 • Promoted

Student Finance Coordinator

Olivet Nazarene UniversityBourbonnais, IL, United States
Full-time

As a Christian University, Olivet Nazarene University exists to provide an education with a Christian purpose.We value diversity as a means to enrich and deepen the educational experience, both ins... Show more

 • Promoted

Patient Care Technician - Entry Level Training Program

Dreambound Inc.Kankakee, Illinois, US
Full-time

Note : This is an educational program, not a job.Successful completion of the program does not guarantee employment but will equip you with valuable skills for the healthcare job market.Looking to ... Show more

 • Promoted

J.P. Morgan Wealth Management Private Client Advisor - Chicago Far South

ChaseFrankfort, IL, United States
Full-time

Morgan Chase, we have an enthusiasm for helping our clients, taking care of our employees, building relationships, and delivering extraordinary customer service while maintaining a strong commitmen... Show more

 • Promoted

Mortgage Loan Originator

First Financial BankJoliet, IL, United States
Full-time

First Financial Bank Mortgage Loan Originator.We do the right things, right now.We do them in a way that is relevant to our clients.Become a part of our history as it continues to be written! If yo... Show more

 • Promoted

Senior Project Controls Cost Analyst, Project & Development Services

Cushman & WakefieldBradley, IL, United States
Full-time

Senior Project Controls Cost Analyst, Project & Development Services.This senior level role will manage all cost management activities of one or multiple complex projects.The role will make an imme... Show more

 • Promoted

Manager, Reg Clinical Growth

Lincare HoldingsBradley, IL, United States
Full-time

Offering $80,000-$90,000 annually This employee is responsible for driving clinical-led growth initiatives across the region by aligning frontline teams, clinical staff, and sales leadership.Focuse... Show more