Commercial Loan Underwriter
First Central Savings Bank
Glen Cove, NY · Posted October 1, 2026
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Among loan officers, AI is already used for some of the tasks. Measured exposure for loan officers: 19% (some).
Share of this job’s tasks that AI is already used for at work, from real usage. It is not a forecast of job loss, and a low number means no use seen yet. Source: Anthropic Economic Index.
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About the job
Purpose: The Commercial Loan Underwriter will evaluate the credit worthiness of clients and determine their ability to repay loans and lines of credit. Salary Range $100k - $130K commensurate with experience ( This is not a remote position) Essential Job Functions: Perform financial, cashflow, and credit risk analysis of commercial loan requests
Ability to create interpret and understand tax returns, financial statements, personal financial statements, accounts receivable aging schedules, rent rolls, etc.
Ability to create Excel spreadsheets from the documents listed above.
Interpret and understand appraisal reports, environmental reports, credit bureau reports, ACRIS, LexisNexis,4506-C, etc.
Write thorough and concise loan memoranda supporting recommended lending requests.
Familiarity and adherence to the Bank’s Lending Policy.
Order investigative reports to assist with loan underwriting.
Maintain shared system document portfolio in accordance with Bank standards.
Identify potential credit problems and make recommendations to senior management.
Interact professionally with team members, and other departments within the Bank such as retail branches, loan officers, Loan Administration/Operations, etc.
Assist with other department tasks as needed.
Required Knowledge, Skills and Abilities:
Prior commercial loan underwriting experience at a commercial bank
Experience and familiarity with commercial loan underwriting; CRE and C&I
Ability to understand tax returns, financial statements, and other pertinent financial documents
Ability to write thorough, yet concise, loan request memoranda
Excellent attention to details, and ability to adhere to established Bank lending policies
Ability to communicate professionally and concisely with Bank attorneys and brokers.
Fluent with Excel, Word, and Outlook applications