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Credit Risk Underwriter Jobs in Phoenix, AZ (NOW HIRING)

US Bank

Credit Policy Manager

Tempe, AZ · On-site

This individual is a key credit risk leader and partners with the Executive Credit Officers and the business units. The leader must have strong knowledge of credit policy, underwriting practices and ...

PNC Bank

Underwriter IV- LIHTC/Tax Credit

Phoenix, AZ · On-site

$91K - $202K/yr

If relevant, performs ongoing credit risk management for assigned portfolio. Coaches and/or reviews the work of other underwriters and fills in for manager as required. * Contacts internal/external ...

Genesis Capital

Senior Credit Underwriter

Scottsdale, AZ · On-site

$140K - $175K/yr

The Sr Credit Underwriter's key responsibility is to assess risk in the borrower's business strategy/experience and their real estate projects/investments. * Prepare credit memorandums outlining the ...

QXO

Credit Director

Glendale, AZ

Deep understanding of accounts receivable management, credit underwriting, and risk assessment * Experience in manufacturing, retail, construction or related industry a plus * Working knowledge of ...

QXO

Credit Director

Glendale, AZ · On-site

Deep understanding of accounts receivable management, credit underwriting, and risk assessment * Experience in manufacturing, retail, construction or related industry a plus * Working knowledge of ...

QXO

Credit Director

Glendale, AZ · On-site

Deep understanding of accounts receivable management, credit underwriting, and risk assessment * Experience in manufacturing, retail, construction or related industry a plus * Working knowledge of ...

Busey

Commercial Underwriter II - CRE

Phoenix, AZ

$90K - $128K/yr

Analyze cash flow and repayment capacity to assess credit risk and support sound lending decisions ... Commercial Underwriter II: * Performs all outlined duties under minimal supervision * Demonstrates ...

Tradition Capital Bank

Credit Analyst

Scottsdale, AZ · On-site

$100K - $150K/yr

Analysis & Underwriting: Prepare financial spreads and credit presentations that sufficiently and appropriately summarize the sources of repayment using a risk-based approach. Demonstrate experience ...

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All JobsCredit Risk Underwriter JobsCredit Risk Underwriter Jobs in Phoenix, AZ

Credit Risk Underwriter information

See Phoenix, AZ salary details

$46.2K

$86.7K

$147.4K

How much do credit risk underwriter jobs pay per year?

As of Aug 14, 2026, the average yearly pay for credit risk underwriter in Phoenix, AZ is $86,671.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,500.00 and $100,800.00 per year, depending on experience, location, and employer.

What is credit risk underwriting?

Credit risk underwriting is the process used by credit risk underwriters to assess the likelihood that a borrower will default on a loan or credit obligation. It involves analyzing financial statements, credit history, and other relevant data to determine the level of risk and appropriate credit terms. Underwriters use tools like credit scoring models and adhere to lending policies to make informed decisions.

What is a credit risk underwriter?

A Credit Risk Underwriter evaluates the creditworthiness of individuals or businesses applying for loans, credit lines, or financial products. They analyze financial statements, credit reports, and risk factors to determine the likelihood of repayment. Their goal is to minimize financial risk for lenders while ensuring responsible lending practices. Underwriters use financial models, industry guidelines, and company policies to assess applications and decide on approvals, declines, or modifications.

What are the key skills and qualifications needed to thrive as a credit risk underwriter?

To excel as a Credit Risk Underwriter, you need strong analytical skills, attention to detail, and a solid understanding of financial statements and credit principles, usually supported by a degree in finance, accounting, or a related field. Familiarity with credit risk assessment software, loan origination systems, and relevant certifications such as CFA or CRC is highly beneficial. Excellent communication, decision-making, and problem-solving skills help candidates collaborate effectively and handle complex risk scenarios. These competencies are crucial to accurately assess creditworthiness, minimize financial risk, and ensure the organization's lending decisions are sound.

What are the typical challenges faced by a credit risk underwriter, and how are they managed?

Credit Risk Underwriters often handle complex financial profiles and must balance thorough risk assessment with the need to process applications efficiently. Managing tight deadlines, adapting to changing regulatory requirements, and navigating ambiguous or incomplete financial information are common challenges. Effective underwriters leverage teamwork, advanced analytics tools, and ongoing professional development to stay current with industry trends and best practices. By working closely with loan officers, compliance teams, and risk managers, they ensure informed lending decisions while maintaining high standards of accuracy and compliance.

What are the most commonly searched types of Credit Risk Underwriter jobs in Phoenix, AZ?

The most popular types of Credit Risk Underwriter jobs in Phoenix, AZ are:

What are popular job titles related to Credit Risk Underwriter jobs in Phoenix, AZ?

For Credit Risk Underwriter jobs in Phoenix, AZ, the most frequently searched job titles are:

What job categories do people searching Credit Risk Underwriter jobs in Phoenix, AZ look for?

The top searched job categories for Credit Risk Underwriter jobs in Phoenix, AZ are:

Credit Risk Underwriter jobs near you
Infographic showing various Credit Risk Underwriter job openings in Phoenix, AZ as of August 2026, with employment types broken down into 1% As Needed, 89% Full Time, 6% Part Time, and 4% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $86,671 per year, or $41.7 per hour.

Non-QM Credit Risk Underwriter

Champions Funding LLC

Gilbert, AZ • On-site

Full-time

Re-posted 3 days ago

Job description

Description:

• Review and analyze credit applications, financial statements, and credit reports to determine borrower risk profiles.
• Assess risk related to income, assets, collateral, and credit history across various lending products.
• Apply internal credit risk policies and investor guidelines to underwrite loan applications with accuracy and consistency.
• Collaborate with Account Executives and Account Managers to gather documentation and clarify broker scenarios.
• Make credit decisions and issue conditional loan approvals, suspensions, or denials with clear rationale.
• Identify and escalate high-risk files or exceptions for further review or senior credit approval.
• Contribute to credit risk reporting and performance monitoring by documenting findings and trends.
• Stay current on credit risk management best practices, industry trends, and regulatory updates.
• Support audits, quality control reviews, and internal policy updates as needed.
• Maintain turnaround time targets while delivering high-quality credit decisions.

• Review loans for second level review that have been recommended for denial.

• Complete PFQC on loans in process to ensure quality.

Requirements:

• 3+ years of experience in credit risk underwriting within consumer or mortgage lending.
• Strong understanding of credit analysis, income documentation, debt-to-income calculations, and collateral evaluation.
• Familiarity with credit risk frameworks, regulatory guidelines (e.g., Dodd-Frank, ECOA), and investor requirements.
• Experience with underwriting tools and loan origination systems (LOS), such as Encompass, Meridian Link, or similar platforms.
• Proven ability to make sound risk-based decisions with strong attention to detail.
• Excellent written and verbal communication skills, with the ability to clearly articulate credit decisions.
• Ability to thrive in a fast-paced environment and manage competing priorities.
• Commitment to responsible lending, regulatory compliance, and operational excellence.