Top 3 Underwriter Jobs in Bourbonnais, Il

Senior Commercial Credit Underwriter
Servbank, sb Inc. —Bourbonnais, IL
- $82,600 - $96,700 a year
- Microsoft Word
- Mid-level
- Office
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Underwriter
Triad Financial Services Inc —Bourbonnais, IL
- Mid-level
- Communication skills
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Analyze borrower profiles, credit histories, income documentation, and appraisals to determine risk and eligibility. DE Underwriter Certification is required.
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Mortgage Loan Processor
Neighborhood Loans —Downers Grove, IL
Perform quality control on loans certifying that all information is accurate and in accordance with federal and state mortgage lending regulations.
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Senior Commercial Credit Underwriter

Servbank, sb Inc.
Bourbonnais, IL

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Job Details

$82,600 - $96,700 a year

Qualifications

Microsoft Word
Commercial banking expertise
Cash flow analysis
Valuation analysis
Spreadsheets
Financial statement analysis
Bachelor's degree
Financial report interpretation
Data interpretation
Corporate finance analysis experience in risk and credit
Financial statement interpretation
Cross-functional collaboration
Legal compliance
Cross-functional communication

Full Job Description

Description:

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.

Who we are:

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
3–5+ 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.

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Senior Commercial Credit Underwriter

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