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

Busey

Commercial Underwriter II - CRE

Phoenix, AZ · On-site

$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 ...

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 ...

PNC Bank

Underwriter IV- Construction Lending

Phoenix, AZ · On-site

$86K - $172K/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 ...

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Credit Risk Underwriter information

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$46.1K

$86.5K

$147.2K

How much do credit risk underwriter jobs pay per year?

As of Sep 5, 2026, the average yearly pay for credit risk underwriter in Phoenix, AZ is $86,538.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,400.00 and $100,600.00 per year, depending on experience, location, and employer.

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.

Is credit risk underwriting a high stress job?

Credit risk underwriting can be a high-stress role due to the responsibility of assessing financial risks and making critical decisions that impact lending outcomes. Underwriters often work under tight deadlines and must analyze complex financial data accurately, which can contribute to job pressure. However, stress levels vary depending on the employer, workload, and individual resilience.

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:

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

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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, 86% Full Time, 10% Part Time, and 3% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $86,538 per year, or $41.6 per hour.

Merchant Services Global Banking -Commercial Credit Underwriter II

Bank of America

Chandler, AZ • On-site

Full-time

Posted 18 days ago

Bank Of America rating

8.3

Company rating: 8.3 out of 10

Based on 536 frontline employees who took The Breakroom Quiz

49th of 174 rated banks

Job description

Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for underwriting and structuring complex credit transactions with minimal oversight. Key responsibilities include approving credit transactions, while considering credit approval authority limits and utilizing independent judgment and discretion to approve merchant exposure. Job expectations include exercising approval authority while ensuring adherence to credit policies, guidelines, and applicable regulatory requirements and serving as the point of contact for driving commercial and small business credit solutions for the client.
The Credit Underwriter is responsible for underwriting and structuring of straightforward and complex credit transactions with minimal oversight from the Merchant Credit Global Banking Leader considering their credit approval authority limits and utilizing independent judgment and discretion to approve Merchant exposure. They deliver financial, industry, economic and other analysis used to recommend and approve deals. The Credit Underwriters exercise their own single signature approval authority while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements.
The Credit Underwriter will be called on to take on customer facing responsibilities in obtaining background and financial information, articulating the banks position and negotiating more complex relationships. The Credit Underwriters provide ongoing coaching and support to their sales partners and other Credit team members.
This role is accountable for transaction risk including, but not limited to, reputation, operation, and credit risks, as well as ongoing portfolio management.
Credit Underwriter maintains knowledge of other BofA products including debt capital solutions for commercial banking clients and Investment Banking and Treasury Management which have credit exposure, and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect.
This role reports to the Merchant Services Global Banking Credit Manager or Executive and will be aligned to a Merchant Underwriting Team supporting Global Banking Merchant clients. This role will specifically support activity for all Merchant Services clients with annual revenue of $5MM+.
Responsibilities:
  • Performs underwriting and the structuring of more complex credit transactions
  • Researches and delivers financial, industry, economic, and other analysis to recommend and approve merchant exposure for the client
  • Negotiates relationships and approves merchant exposure, while ensuring adherence to credit policies, guidelines, and applicable regulatory requirements
  • Provides ongoing coaching and support to Sales partners and other Credit Products team members to help build and develop their credit acumen
  • Negotiates with the client team on credit terms, performing full underwriting analysis, and preparing deal justification
  • Perform financial, economic, industry, and other analysis of clients and prospects
  • Design and execution of credit solutions, and the active management of asset quality
  • Collaborates with the Relationship Manager (RM), Global Merchant Specialist (GMS), Treasury Solutions Officer (TSO), Enterprise Credit, SAG, and other product partners, when needed, to assess client needs, design integrated solutions, and deliver the bank to clients and prospects
  • Provides credit underwriting and deal structure support, analysis, and decision recommendations for complex path credit transactions
  • Serve as Credit approver in conjunction with Risk management based on credit approval grid and drives the internal credit approval process
  • Structures and negotiates client merchant services contracts
  • Take on customer facing responsibilities in obtaining background and financial information, articulating the bank's position, and negotiating standard path relationships
  • Spreading financial statements in Moody's Credit Lens
  • Reviewing and preparing Risk Rating scorecards

Required Skills:
  • 3+ years of solid experience in commercial underwriting (Business Banking, Middle Market, Large Corporate, Leveraged Finance, Financial Sponsors or other highly complex credits), performing financial analysis, spreading financials, completing risk ratings, structuring approvals, and portfolio management
  • Experience preparing and completing a variety of Risk Rating scorecards
  • Strong communication and analytical/technical skills; including financial accounting, modeling and loan structuring
  • Prior experience in a high volume commercial credit production environment

Desired Skills:
  • 3+ years of underwriting Merchant Services exposure
  • Experience reviewing and spreading financial statements in Moody's Credit Lens
  • BS/BA degree preferred or equivalent experience

Skills:
  • Credit Documentation Requirements
  • Credit and Risk Assessment
  • Customer and Client Focus
  • Financial Analysis
  • Underwriting
  • Attention to Detail
  • Business Acumen
  • Collateral Management
  • Decision Making
  • Recording/Organizing Information
  • Collaboration
  • Oral Communications
  • Policies, Procedures, and Guidelines
  • Prioritization
  • Written Communications

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40

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About Bank Of America

Sourced by ZipRecruiter

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US

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