Senior Commercial Underwriter - Richmond, NoVa or Remote

Description At New Horizon, we’re building a bank that runs on grit, speed, and execution. We move fast, challenge assumptions, and obsess over doing things better — for our clients and for each other. This isn’t a place for red tape; it’s a place for builders. From product design to client experience to operations, we’re constantly pushing for sharper thinking and smarter solutions. Our team is made up of passionate individuals who share a relentless drive to enhance our services and deliver exceptional experiences. If you’re energized by momentum, motivated by results, and excited to shape the future of banking, you’ll feel right at home here. General Job Summary: The Senior Commercial Underwriter is a senior-level; responsible for evaluating, analyzing, and underwriting complex commercial credit requests to support New Horizon Bank’s loan growth and asset-quality goals. This position plays a pivotal role in balancing risk mitigation with opportunity by applying sound judgment, advanced financial analysis, and creative structuring to commercial loan decisions. The Underwriter III partners closely with loan officers, relationship managers, and internal teams to gather key information, assess borrower risk, and communicate clear, well-supported recommendations. This position is ideal for a seasoned, action-oriented commercial credit professional who thrives in a collaborative, fast-paced environment and brings a strategic mindset to structuring deals, managing risk, and delivering exceptional service to internal and external stakeholders. Essential Duties and Responsibilities: Underwriting:

• Underwrite commercial credit actions by reviewing financial statements, analyzing borrower risk ratings, and recommending appropriate loan structuring.
• Collaborate with loan officers and other team members to gather additional information and clarify borrower details.
• Ensure all parties are kept informed of underwriting progress and outcomes.
• Communicate decisions and recommendations clearly and effectively to both internal and external stakeholders.
• Provide guidance and support to teammates on underwriting procedures and information needs.
• Prepare detailed reports and documentation to support underwriting decisions.

Analysis:

• Source, compile, and interpret financial data to support the structuring and approval of loans.
• Review industry information, key risks, mitigants, and collateral to form a comprehensive business overview of the borrower.
• Utilize analysis results to underwrite commercial loans effectively· Prepare credit analysis documentation and servicing information.

Risk Management:

• Identify and evaluate risks associated with new and existing commercial credit requests and relationships through thorough review and analysis.
• Collaborate with Bank associates and partners to address risk issues, communicate review schedules, and manage changes in the commercial portfolio.
• Assist in coordinating review and renewal schedules for existing credits, supporting ongoing risk identification and management.
• Ensure all underwriting decisions align with the bank's credit policies and procedures.

Business Support:

• Identify cross-sales opportunities for new and existing relationships based on analytical activities.
• Partner with associates and clients to determine needs and structure new requests, renewals, and modifications.
• Maintain up-to-date knowledge of industry regulations, market trends, and best practices.

Requirements

Required Knowledge, Skills, and Abilities:

• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in underwriting software and Microsoft Office Suite.
• Strong understanding of underwriting principles, credit analysis, and risk management.
• Effective communication and interpersonal skills, with the ability to interact confidently with senior management and regulatory authorities.

Education and Experience:

• Bachelor’s degree in Finance, Business Administration, or a related field.
• Minimum of 7 years of underwriting experience, with a focus on commercial loans, minimum 10 years preferred.

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