Sr. Underwriter, Commercial Lending at OceanAir Federal Credit Union

San Diego, California, United States -

Full Time

Start Date

Immediate

Expiry Date

20 May, 26

Salary

0.0

Posted On

19 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Commercial Real Estate Underwriting, Credit Risk Analysis, Financial Statements, Cash Flow Analysis, Financial Modeling, Risk Ratings, Credit Policy Adherence, Regulatory Compliance, Loan Structure Analysis, Appraisal Review, Portfolio Management, Microsoft Excel, BSA/AML/OFAC Regulations, Risk Assessment, Credit Approval Memorandums

Industry

Banking

Description

Description Join the OceanAir Crew! Are you a sharp financial mind who loves digging into the details and making smart, sound credit decisions? OceanAir Federal Credit Union is searching for an experienced Commercial Underwriter (CRE) to help power our Commercial Lending team and support our mission of helping members and communities thrive. If you enjoy analyzing complex deals, collaborating with cross-functional teams, and balancing risk with opportunity, this role is your chance to make a real impact—while riding the OceanAir wave. PRIMARY PURPOSE: As a Commercial Underwriter, you’ll be a key player in evaluating and managing risk across our Commercial Real Estate (CRE) loan portfolio. Reporting to the VP of Commercial Lending, you’ll analyze creditworthiness, structure sound loan decisions, and support a wide range of CRE asset types including retail, industrial, multi-family, medical office, and self-storage. Your goal? Deliver thorough, high-quality underwriting that supports responsible growth and an exceptional member experience. ESSENTIAL DUTIES: Practice OceanAir’s Core Values: Make It Right – We do what’s right for our members, our credit union, and our community. Make It Easy – We provide clear solutions, efficient service, and streamlined processes. Make It Personal – We build strong relationships rooted in individual member needs. Underwriting & Credit Analysis: Perform comprehensive financial analysis for CRE transactions, including property evaluation, borrower and guarantor review, global cash flow analysis, and collateral assessment. Analyze financial statements, rent rolls, leases, operating statements, market trends, and industry conditions. Determine appropriate risk ratings and ensure credit decisions align with policy and regulatory standards. Review commercial appraisals, third-party appraisal reviews, and environmental reports to assess risk. Portfolio Management & Collaboration: Conduct periodic loan reviews and ongoing portfolio underwriting to maintain credit quality and compliance. Prepare detailed Credit Approval Memorandums with financial models, loan structure analysis, and risk considerations. Work closely with Commercial Lending leadership, Credit, Legal, Compliance, and Operations teams throughout the origination and closing process. Assist with satisfying loan closing requirements and reworking loan terms when necessary. Quality, Compliance & Growth: Ensure underwriting adheres to internal credit policies, regulatory requirements, and sound risk practices. Maintain strong working knowledge of loan products, underwriting guidelines, and risk assessment tools. Meet service-level expectations for decision turnaround times with consistent accuracy and attention to detail. Support the development of policies, procedures, and new products. Perform other awesome duties as assigned! Requirements REQUIRED KNOWLEDGE, SKILLS & ABILITIES: Strong expertise in Commercial Real Estate underwriting and credit risk analysis. Advanced understanding of financial statements, cash flow analysis, and financial modeling. Excellent analytical, organizational, and problem-solving skills. Clear, professional written and verbal communication skills. Ability to collaborate effectively while also working independently. High attention to detail, strong work ethic, and commitment to confidentiality. Tech-savvy with proficiency in Microsoft Office (especially Excel) and underwriting systems. Knowledge of BSA/AML/OFAC regulations as they apply to commercial lending. EDUCATION & EXPERIENCE: Bachelor’s degree in Finance, Business Management, Accounting, or a related field. Minimum of 7 years of Commercial Real Estate underwriting experience. SUPERVISORY RESPONSIBILITIES: None. PHYSICAL REQUIREMENTS: Primarily seated work with prolonged computer use. Frequent use of hands and fingers for keyboarding and document review. Close vision required for detailed financial analysis. WORK ENVIRONMENT: Professional, well-lit, climate-controlled indoor office environment. Moderate noise level with a collaborative team atmosphere. WORK SCHEDULE: Approximately 40 hours per week. Occasional overtime or meetings outside normal business hours may be required. Flexibility to work at other OceanAir locations as business needs dictate. TRAVEL: Minimal travel required (less than 5%). Ready to take your commercial underwriting career to new heights? Apply today and become part of the OceanAir family—where your expertise is valued, your growth is supported, and your work truly makes a difference.

Responsibilities

The Commercial Underwriter will evaluate and manage risk across the Commercial Real Estate (CRE) loan portfolio by performing comprehensive financial analysis, assessing creditworthiness, and structuring sound loan decisions for various CRE asset types. This role involves conducting periodic loan reviews, preparing detailed Credit Approval Memorandums, and collaborating with internal teams throughout the origination and closing process.