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About the job

To evaluate and underwrite business loan applications. To oversee and collect pertinent supporting underwriting information to ensure the completion of all necessary financial analysis. To present loan packages beyond approval authority to senior management, as well as assisting with the closing of business loans and monitoring subsequent financial information of Navy Federal business loan borrowers according to specific state and federal requirements to limit risk exposure to Navy Federal's business portfolio.

Analyzes business loan applicants' financial status, credit, and business to determine feasibility of granting credit including loan approval

Works closely with development team/business member to ensure all appropriate data is obtained

Reviews and analyzes loan applications to ensure that necessary documents have been received and validates the integrity of the data

Determines credit-worthiness of the borrower by performing qualitative/quantitative analysis such as review of financial statements, credit reports, and applicable ratios (e.g., Debt to Income (DTI), Loan to Value (LTV), etc.) using established guidelines of NFCU, industry best practices and applicable state and governmental regulations

Proposes/determines the appropriate deal structure commensurate with the associated risk level on approved business credit deals, including appropriate financial, operational or capital/cash covenants

Analyzes counter offers, exceptions and rejections and recommends alternative business products better suited to the business loan applicant

Presents business loan package and loan recommendation, in a consultative process, to senior business lending management for loans above approval authority

Reviews and evaluates business annual financial statements/tax returns to ensure adherence to NFCU, SBA and relevant industry practices/requirements

Analyzes tax statements independent of business scoring systems to confirm business viability

Assesses risk of credit deals and business failing by assigning a rating and recommending any necessary action to mitigate credit union risk

Approves or declines business loan submissions within assigned authority

Approves business loans and authorizes loan disbursements based on a complete analysis of submitted documentation and applicable rules and regulations, in accordance with NFCU Business Lending policies and procedures

Prepares adverse action (loan disapproval) notifications on behalf of the Business Lending Committee in recognition of the compliance provisions of the Equal Credit Opportunity Act (Reg B.)

Supports Business Loan Underwriting functions

Monitors Business Underwriting activities and respond to questions submitted via telephone, instant messages or through the mail

Assists with the ongoing maintenance of the area's underwriting manual

Collaborates with managers and participates in mentoring sessions for other Business units

Provides daily input to management reports

Assists with or completes the required monthly Colson report for NFCU's SBA program

Underwrites all levels of credit complexity, inclusive of SBA and participation loans

Uses advanced knowledge of industry specific metrics/standards/best practices and regulations to provide expert opinion on complex / sophisticated business deals

Expected to formulate acceptable alternative deal structure(s)

Extremely proficient using automated scoring systems (Statement Analyzer or CASH) and traditional underwriting methods

Determines credit worthiness of business borrowers according to established guidelines

Responds to the most complex internal and external customer inquiries

Works independently on the most complex and largest of the business loan applications including multi-million dollar commercial real estate and participation deals

Provides decisions on complicated exceptions submitted by difficult multi-varied business scenarios

Collaborates with Compliance Management on unique business loans including regulatory waiver requests

Maintains current knowledge of industry regulations and best practices

Communicates extensively with members and others on the most complex and delicate matters

May be required to travel and train others nationwide

May provide division leadership in the absence of the Supervisor

Performs other related duties, as assigned or appropriate

Excellent understanding of business underwriting principles and concepts

Familiarity with the various concepts used to derive a cash market value for any business and of the difference between cash flow from operations, cash flows from investing and cash flows from financing activities

Good working knowledge of the means of collecting supporting information for the underwriting of business loans and the factors/metrics that go into properly evaluating the risks associated with different types of businesses

Excellent understanding of financial ratios and concepts - such as liquidity, leverage, coverage, and operating ratios - and the concept of trend analysis and cash flow analysis

Advanced knowledge of database, word processing and SBA industry systems

Proficiency in using Microsoft Word and Excel or related software applications

Thorough knowledge of and extensive experience in credit union or retail banking operations

Familiarity with Navy Federal Credit Union policies and procedures

Exceptional interpersonal, verbal and written communication skills

Excellent analytical and organizational skills

Additional Information

Hours:

Monday - Friday, 8:00AM - 4:30PM

Location:

820 Follin Lane, Vienna, VA 22180

5510 Heritage Oaks Drive, Pensacola, FL 32526

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

FORTUNE 100 Best Companies to Work For® 2025

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Computerworld® Best Places to Work in IT

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2025 PEOPLE® Companies That Care

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Military Times 2025 Best for Vets Employers

Best Companies for Latinos to Work for 2025

Forbes® 2025 America’s Best Large Employers

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Forbes® 2025 America's Best Employers for Tech Workers

2025 RippleMatch Campus Forward Award Winner for Overall Excellence

Military.com Top Military Spouse Employers 2025

2025 Handshake Early Talent Award

From Fortune . ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law.

Accommodations: If you need accommodation or assistance for a qualifying condition to complete the online application (or during any stage of the hiring process), you can contact Navy Federal's Medical Accommodations team at medicalaccommodations@navyfederal.org or by calling 1-888-503-6013. This team cannot provide any information on job postings or application status.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position. For additional details regarding compensation and benefits, review the Benefits page of the Navy Federal Career Site.

Protect Yourself from Job Scams: Navy Federal Credit Union jobs are posted on our career site, jobs.navyfederal.org and reputable job boards (e.g., LinkedIn, Indeed). We do not post jobs on social media marketplaces, messaging apps or unverified websites. We will never ask candidates for payment, bank details or personal financial information during the hiring process.

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.