Farmers Insurance Federal Credit Union · 1 month ago
Business Lending Underwriting Manager
Burbank, CA
Full-time
Hybrid
Senior Level
$105K/yr - $125K/yr
5+ years expFarmers Insurance Federal Credit Union (FIGFCU) is expanding their business lending capabilities and is seeking a Business Lending Underwriting Manager. This role involves underwriting small business credit products, developing policies, and collaborating with various teams to enhance the business lending platform.
BankingFinanceFinancial ServicesOnline Portals
Responsibilities
Underwrite a range of small business credit products, including:
− Business credit cards and unsecured lines of credit
− Term loans for equipment or fleet financing
− Working capital and cash flow-based lending
− Secured loans backed by business assets
Assess financial statements, tax returns, and cash flow to evaluate repayment ability and credit risk
Assess Business and Personal Assets for collateral support
Prepare clear, well-supported credit memos and recommendations for loan committees or approval authorities
Monitor portfolio performance and emerging credit risks; recommend adjustments to exposure limits and policy as needed
Collaborate with the Head of Commercial Underwriting to implement scalable policies, risk rating models, and credit guidelines
Develop frameworks and best practices for assessing business borrowers outside the traditional agent segment
Contribute to process improvement initiatives related to credit policy, digital applications, and portfolio strategy
Support the modernization of underwriting systems, data tools, and workflows for efficiency and consistency
Partner with the Business Banking team to align underwriting practices with relationship development and member needs
Provide mentoring and credit coaching to team members as new staff are added
Collaborate cross-functionally with credit, operations, and business development teams to ensure smooth deal execution and risk alignment
Qualification
Required
5–10 years of business loan underwriting experience within a credit union, bank, or fintech environment
Hands-on experience with multiple business credit types, including both secured and unsecured lending, with a strong track record of evaluating and managing diverse asset types to mitigate credit risk
Strong working knowledge of small business financial statements, cash flow analysis, and risk assessment
Excellent written and verbal communication skills—able to make the case for or against a deal clearly and confidently
Comfortable in a dual-reporting environment with cross-functional collaboration
Preferred
Familiarity with credit union lending philosophy and NCUA regulations
Company
Farmers Insurance Federal Credit Union
We offer everyone leading U.S. rates, big bank capabilities, and neighborhood service! Join the #FIGFCUFamily today.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Katherine Chicas
Chief Operating Officer
Brian Leonard
Chief Lending Officer
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