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Bank Underwriting Jobs in Indiana (NOW HIRING)

FCN Bank

FCN Bank Chief Loan Officer

Brookville, IN

$120K - $170K/yr

FCN Bank Chief Loan Officer FCN Bank Chief Lending Officer Department: Commercial Lending Job ... Work closely with the Senior Credit Officer to maintain strong underwriting standards and credit ...

FCN Bank

FCN Bank Chief Loan Officer

Brookville, IN · On-site

FCN Bank Chief Loan Officer FCN Bank Chief Lending Officer Department: Commercial Lending Job ... Work closely with the Senior Credit Officer to maintain strong underwriting standards and credit ...

FCN Bank

FCN Bank Chief Loan Officer

Brookville, IN

$120K - $170K/yr

FCN Bank Chief Loan Officer FCN Bank Chief Lending Officer Department: Commercial Lending Job ... Work closely with the Senior Credit Officer to maintain strong underwriting standards and credit ...

Cypress HCM

Commercial Underwriter IV

Carmel, IN · Hybrid

This position works closely with the Executive Director, Director of Underwriting, and the Loan ... creditworthiness, ensuring compliance with Bank Lending Policy. Formulate structured ...

FCN Bank

FCN Bank Commercial Loan Officer

Brookville, IN · On-site

$100K - $150K/yr

FCN Bank Commercial Loan Officer Department: Commercial Lending Job Status: Full-time FLSA Status ... Gather and analyze financial and background information to underwrite loan requests; structure ...

FCN Bank

FCN Bank Commercial Loan Officer

Brookville, IN · On-site

$100K - $150K/yr

FCN Bank Commercial Loan Officer Department: Commercial Lending Job Status: Full-time FLSA Status ... Gather and analyze financial and background information to underwrite loan requests; structure ...

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Bank Underwriting information

What is bank underwriting?

Bank underwriting is the process by which a financial institution evaluates the risk of lending money to a borrower or insuring an individual or asset. Underwriters review credit history, financial information, and other factors to determine whether an applicant qualifies for a loan or insurance and under what terms. This process helps banks minimize risk and maintain sound lending practices. Underwriting can apply to mortgages, personal loans, business loans, and other financial products.

Do bank underwriters make a lot of money?

Bank underwriters typically earn a median annual salary that is competitive within the financial industry, with salaries varying based on experience, location, and the size of the institution. Entry-level underwriters may earn less, while experienced professionals with certifications can earn higher salaries, often supplemented by bonuses and benefits. Overall, it is considered a well-paying role for those with relevant skills and industry knowledge.

What is the difference between Bank Underwriting vs Loan Officer?

AspectBank UnderwritingLoan Officer
Primary RoleAssessing and evaluating loan applications to determine risk and approvalSelling loan products and guiding applicants through the application process
Required CredentialsTypically requires underwriting certifications, finance or banking experienceSales and customer service skills, sometimes mortgage licensing
Work EnvironmentOffice-based, working with loan documents and risk analysisOffice or branch, interacting directly with clients
Industry UsageCommon in banking and financial institutionsCommon in mortgage and lending companies

Bank Underwriting focuses on evaluating loan applications for risk, while Loan Officers primarily assist clients in applying for loans and promoting loan products. Both roles are integral to the lending process but differ in responsibilities and daily tasks.

Is bank underwriting a good career to get into?

Bank underwriting is a stable career that involves assessing the risk of loan applications and requires strong analytical skills and attention to detail. It often offers opportunities for advancement and requires knowledge of financial statements and credit analysis. The role typically involves regular office hours and may require relevant certifications or training.

What does a bank underwriter do at a bank?

A bank underwriter evaluates loan applications by analyzing borrowers' financial information, credit history, and collateral to determine the risk of lending. They use financial models and guidelines to approve, modify, or deny loan requests, ensuring compliance with bank policies and regulatory standards. Strong analytical skills and knowledge of financial software are essential for this role.

What are the key skills and qualifications needed to thrive as a bank underwriter, and why are they important?

To thrive as a Bank Underwriter, you need a solid understanding of financial analysis, risk assessment, and relevant lending regulations, often supported by a degree in finance, accounting, or a related field. Familiarity with loan origination systems, credit scoring software, and compliance tools is typically required, and certifications like Certified Residential Underwriter (CRU) can be advantageous. Strong analytical thinking, attention to detail, and effective communication are essential soft skills for evaluating complex financial information and explaining decisions. These skills ensure accurate risk evaluation and regulatory compliance, which are critical for protecting the bank's assets and maintaining sound lending practices.

What are some common challenges faced by bank underwriters, and how can they be managed?

Bank underwriters frequently encounter challenges such as assessing incomplete or inconsistent financial information, managing tight deadlines, and balancing risk with customer service. To manage these issues, underwriters rely on strong analytical skills, effective communication with loan officers and applicants for clarification, and staying up-to-date with regulatory requirements. Collaborating closely with credit analysts and using advanced underwriting tools can also help streamline the evaluation process and ensure accurate risk assessment.
What are popular job titles related to Bank Underwriting jobs in Indiana? For Bank Underwriting jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Bank Underwriting jobs in Indiana look for? The top searched job categories for Bank Underwriting jobs in Indiana are:
What cities in Indiana are hiring for Bank Underwriting jobs? Cities in Indiana with the most Bank Underwriting job openings:
Bank Underwriting jobs near you
Infographic showing various Bank Underwriting job openings in Indiana as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 94% Physical, 3% Hybrid, and 3% Remote job distribution.

Commercial Underwriter II

First Financial Bank

Greensburg, IN • On-site

$58K - $78K/yr

Full-time

Re-posted 21 days ago

Job description

We do the right things, right now. We do them in a way that is relevant to our clients. Become a part of our history as it continues to be written!
If you are interested and qualified for this role, we invite you to apply.
The Commercial Underwriter II is expected to build proficiency in underwriting, developing the ability to complete the underwriting process from beginning to end with limited oversight. As the associate progresses in learning objectives, they will begin to underwrite increasingly complex commercial relationships to determine the creditworthiness of applicants within bank credit policies and guidelines. This role involves financial statement analysis, risk assessment and strategic decision making with guidance from the Associate Credit Officer and experienced underwriters. The position requires intermediate knowledge of underwriting principles and strong decision making skills.
Essential Functions/Responsibilities
  • Performs financial analysis and risk assessment for the commercial credit portfolio Within the Business Banking , Commercial & Industrial, Commercial Real Estate, or Specialty Commercial (Asset Based, Structured Cash Flow and ESOP) business lines of the Bank. Focus on new business and larger and/or more complex renewal transactions.
  • Reviews commercial loan applications and analyzes credit information on commercial applicants to make a general assessment of applicant's creditworthiness. Determines whether or not the proposed loan will conform to the Bank's lending policy. Provide feedback to the Sales and Credit teams, as appropriate, regarding the structure, underwriting, and management of loans. Maintain on-going communication with all appropriate management on the status of transactions.
  • Work directly with relationship managers and portfolio managers during underwriting process, including discussion with clients on credit and financial statement questions.
  • Financial statement spreads and covenant testing for existing clients not assigned to credit portfolio analyst.
  • Complete accurate Credit Memos for presentation to the appropriate credit authorities for decision-making on new loan credit requests, renewals, loan modifications, and periods credit reviews. Provide commentary within the credit memo as to underwriter support of such credit request or review.
  • Assist in the management of workflow and assigned credits
  • Attend local/ regional meetings

Minimum Knowledge, Skills, and Abilities Needed to Perform Essential Functions of the Job
  • Bachelor's Degree, preferably in Accounting, Finance, Economics, Business Administration
  • Three to five years of credit or Business Banking underwriting experience
  • Proficiency in mathematical concepts, in order to apply to practical situations.
  • Knowledge of advanced accounting principles and techniques
  • Strong interpersonal and communication skills
  • Strong organizational skills with attention to detail, planning and follow-up
  • Ability to work independently on multiple tasks without compromising quality
  • Proficient use of Microsoft Office and other internet resources
  • Team oriented

Preferred Knowledge and Skills
  • Master's Degree in Business

Level of Complexity and Scope
  • Manages a broad range of commercial loan applications across various industries and risk factors. The complexity is heightened by the need to understand intricate business operations, financial health, and industry-specific risk

Degree of Independence and Decision-Making
  • Moderate to high level of independence compared to entry-level positions. They are expected to make decisions on underwriting commercial loan applications, assess risk, and underwriting decisions with a certain level of autonomy.

Required Supervisory Responsibilities
  • No direct supervisory responsibilities.

Physical Requirements
  • Prolonged periods of deskwork.
  • Frequent use of computer, keyboard, phone and office equipment.
  • Occasional moving within the office or to other locations within the building.
  • Occasionally lifting and carrying light objects, typically up to 10-15 pounds.
  • Occasionally reaching for items on shelves or in drawers.
  • Clear and effective communication in person and over the phone.
  • Ability to move within an office environment.

Compliance Statement
The associate is responsible for meeting all compliance requirements imposed on First Financial Bank by State and Federal law and regulation, as well as all related First Financial Bank policies and procedures. This includes all Bank Secrecy Act, Anti-Money Laundering, OFAC and Suspicious Activity reporting requirements, as well as all other lending and deposit compliance requirements.
Development and Training
Pay Range:
$58,000/year to $78,000/year
Benefits
We have relevant, thoughtful benefits and programs that support every aspect of our associates' holistic wellbeing. Please review our Benefits Guide.
Incentive Eligibility
All roles are incentive eligible with the exception of Co-Op, Intern, or Student positions.
It is our policy to not discriminate against any individual in violation of federal, state, and local laws as it relates to age, race, color, religion, national origin, sex, marital status, pregnancy, gender identity, disability, sexual orientation, genetic information, veteran/military service, or any other characteristic protected by law.
We are an E-Verify Employer.

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