Commercial Underwriter IV

Company: Cypress HCM
Location: Carmel
Posted on: February 8, 2026

Job Description:

Job Description Job Description Commercial Underwriter IV Locatio n: Indianapolis, IN 46240 (Hybrid – Office Tues, Wed,Thurs…WFH Mon, Fri) Pay: $115,000-140,000 (Compensation can vary depending on experience) ND Bonus up to 10% General Overview The Commercial Loan Underwriter is responsible for conducting thorough financial analyses, risk evaluations, and due diligence to assess and recommend commercial loan approvals within the lines of business. This position works closely with the Executive Director, Director of Underwriting, and the Loan Committee to structure, underwrite, and manage complex and high-value credit relationships. Responsibilities Financial Analysis & Credit Assessment: Evaluate commercial loan applications, analyze credit data, and determine applicants' creditworthiness, ensuring compliance with Bank Lending Policy. Formulate structured recommendations for complex loans ($2.5MM - $20MM) that may require approval from the Senior Credit Committee. Credit Memo Preparation: Develop and present credit memorandums for new and renewal requests on large and intricate credit lines. Loan Approval Authority: Utilize individual lending authority to approve or deny credit requests, managing high-level loan decisions within the underwriting team. Due Diligence Coordination: Lead on-site due diligence visits to borrower locations, collaborating with external partners such as accounting and valuation firms when necessary. Loan Portfolio Management: Partner with the Servicing team to monitor loan portfolios, ensure adherence to financial covenants, conduct risk rating assessments, and review collateral performance. Legal Documentation: Oversee and negotiate loan closing documentation, ensuring all pre-funding conditions are satisfied. Industry Training: Build expertise in the financing domains and deliver training both internally and externally. Team Support: Manage loan pipeline, mentor junior underwriters, and assist with team coordination as needed. Special Projects: Support various special projects as directed. Requirements Experience: 7–10 years of experience in commercial lending and/or credit underwriting, with a focus on commercial relationships of $5MM or greater. Education: Bachelor’s degree in Accounting, Finance, Economics, Business Administration, or related fields; a Master’s in Business is preferred but not required. Skills: Strong mathematical and financial analysis capabilities Proficient in advanced accounting principles Excellent interpersonal and communication skills Expertise in financial software, including BRIDGE and Microsoft Office Certifications (Preferred): Certified banking credit analyst or equivalent training. May supervise and train junior underwriters, providing guidance and mentorship.

Keywords: Cypress HCM, Bloomington , Commercial Underwriter IV, Accounting, Auditing , Carmel, Indiana