The Lead Commercial Underwriter analyzes commercial properties for loan opportunities, prepares detailed reports and presentations, and ensures compliance with financial policies.
In this hybrid role based at our Chicago Headquarters, you will analyze investor-owned commercial properties across asset types. Responsible to author detailed new loan opportunity memorandums, performing annual reviews, and assemble analytical reports as requested by management. Present portfolio management updates and new transactions to various committees. Interact with team members to validate and verify the accuracy of various deal aspects. Meet deadlines have a customer service mindset and serve as an expert to understand policies and standards.
Essential Responsibilities
Education
Years of Experience
Compensation & Benefits:
Typical hiring range: $84,200 - $131,000 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Additional Compensation: Annual performance bonus
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match.
Additional Benefits:
*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
Essential Responsibilities
- Analyze new loan opportunities, focusing on both fully depicting the property's strengths and weaknesses and the financial health of the transaction's sponsors as determined by reviewing and reconciling credit reports, tax returns, financial data, market data, and appraisals.
- Present findings to loan committees based on comprehensive underwriting in compliance with commercial loan policies and standards and credit risk parameters.
- Ensure timely completion of annual reviews and other assessment reports and present recommendations to loan committees.
- Provide Risk Rating adjustment recommendations due to covenant violations, changing economic and market conditions, collateral conditions and guarantor conditions.
- Make process and policy change recommendations to departmental leadership.
Education
- Minimum - High School or Equivalent
- Preferred - 4 Year Bachelors Degree in Business, Finance, Accounting or Related
Years of Experience
- Minimum - 5 Years Investment banking, commercial real estate or related
- Minimum - 3 Years Commercial underwriting
Compensation & Benefits:
Typical hiring range: $84,200 - $131,000 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Additional Compensation: Annual performance bonus
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match.
Additional Benefits:
- Work from home up to 3 days a week
- Paid parental leave
- Employee discount programs
- Time off including paid personal and sick days
- 11 paid holidays
- Education reimbursement
*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
Top Skills
Financial Analysis Software
Microsoft Office Suite
Alliant Credit Union Chicago, Illinois, USA Office
We are located near O'Hare. We have plenty of parking space available.
Similar Jobs at Alliant Credit Union
Fintech • Financial Services
Lead and oversee third-party risk management processes, conduct assessments, support risk mitigation, and ensure compliance with regulations.
Top Skills:
AgileGrc SystemsThird-Party Risk Management
Fintech • Financial Services
Lead UX design for digital channels, conduct user research, create prototypes, guide junior designers, and ensure design aligns with business goals.
Top Skills:
Design SystemsHigh-Fidelity PrototypesInteraction DesignUsability TestingUser Research
Fintech • Financial Services
The Third Party Risk Analyst coordinates risk assessments and manages third-party relationships, ensuring compliance and conducting performance reviews. The role involves creating reports for governance committees and adhering to regulatory guidelines.
Top Skills:
GovernanceRisk And Compliance (Grc) SystemsSupplier Information Management (Sim)
What you need to know about the Chicago Tech Scene
With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.
Key Facts About Chicago Tech
- Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
- Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
- Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
- Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory
