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Credit Underwriting Jobs (NOW HIRING)

Citigroup, Inc.

Credit Underwriting Analyst

Irving, TX · On-site

$59K - $82K/yr

Within ICM Counterparty Credit Risk (CCR), ICM Funds Underwriting is a global team responsible for measuring, monitoring and controlling counterparty risk for Funds, covering Asset Management ...

Constrafor

Head of Credit Underwriting

New York, NY · Hybrid

$185K - $210K/yr

As the Head of Credit Underwriting at Constrafor, you will embark on an exhilarating journey to shape the future of our industry. You'll be at the forefront of our mission to elevate construction ...

Constrafor

Head of Credit Underwriting

New York, NY · On-site +1

$185K - $210K/yr

As the Head of Credit Underwriting at Constrafor, you will embark on an exhilarating journey to shape the future of our industry. You'll be at the forefront of our mission to elevate construction ...

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All JobsCredit Underwriting Jobs

Credit Underwriting information

See salary details

$46.5K

$87.3K

$148.5K

How much do credit underwriting jobs pay per year?

As of Jun 15, 2026, the average yearly pay for credit underwriting in the United States is $87,290.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,000.00 and $101,500.00 per year, depending on experience, location, and employer.

What do you need to be a credit underwriter?

To become a credit underwriter, you typically need a bachelor's degree in finance, accounting, or a related field, along with strong analytical skills and knowledge of credit risk assessment. Experience with financial analysis, familiarity with underwriting software, and industry certifications such as the Certified Credit Underwriter (CCU) can enhance your qualifications.

Do underwriters make a lot of money?

Credit underwriters typically earn a median salary that varies by experience and location, with entry-level positions starting around $50,000 annually and experienced underwriters earning over $80,000. Salaries can increase with certifications, specialized knowledge, and working in high-demand industries or financial centers.

How to get into credit underwriting?

To enter credit underwriting, candidates typically need a bachelor's degree in finance, accounting, or a related field. Gaining experience in credit analysis, developing strong analytical skills, and understanding financial statements are important; certifications like the Certified Credit Analyst (CCA) can also enhance prospects.

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

To thrive as a Credit Underwriter, you need strong analytical skills, attention to detail, and a solid understanding of financial statements, often backed by a degree in finance, accounting, or a related field. Familiarity with credit scoring systems, loan origination software, and risk assessment tools is typically required. Excellent judgment, effective communication, and problem-solving abilities help underwriters navigate complex cases and explain decisions to clients or colleagues. These skills are vital to accurately evaluating creditworthiness, minimizing risk, and supporting sound lending decisions.

What are some common challenges faced by professionals in Credit Underwriting and how can they be addressed?

Professionals in Credit Underwriting often face challenges such as evaluating incomplete or inconsistent financial information, managing tight deadlines, and balancing risk with business growth objectives. Staying up to date with regulatory requirements and industry best practices is essential to mitigate these challenges. Effective communication with loan officers, relationship managers, and clients can help clarify uncertainties and ensure accurate risk assessments. Additionally, leveraging technology and data analytics tools can streamline the underwriting process and improve decision-making.

What is credit underwriting?

Credit underwriting is the process by which a lender evaluates the creditworthiness of a borrower before approving a loan or credit. This involves analyzing financial information, credit history, and other risk factors to determine whether the applicant can repay the debt. Underwriters assess the likelihood of default and decide on loan terms, interest rates, and whether to approve or deny the application. This process helps financial institutions manage risk and ensure responsible lending.

What is the difference between Credit Underwriting vs Loan Processing?

AspectCredit UnderwritingLoan Processing
Primary RoleAssess creditworthiness and approve or deny loan applicationsGather documents, verify information, and prepare loan files for approval
Skills & CertificationsFinancial analysis, credit analysis, knowledge of lending policiesCustomer service, document verification, attention to detail
Work EnvironmentOffice-based, analytical, decision-makingOffice-based, administrative, client interaction

While both roles are integral to the lending process, Credit Underwriting focuses on evaluating the risk and making approval decisions, whereas Loan Processing handles the administrative tasks to prepare loans for approval. Understanding these differences helps clarify career paths and job expectations within the lending industry.

What is a credit underwriting job?

A credit underwriting job involves evaluating the creditworthiness of individuals or businesses applying for loans or credit. Underwriters analyze financial information, credit reports, and risk factors to determine whether to approve or deny credit applications, often using specialized software and adhering to lending guidelines.
More about Credit Underwriting jobs
What cities are hiring for Credit Underwriting jobs? Cities with the most Credit Underwriting job openings:
What states have the most Credit Underwriting jobs? States with the most job openings for Credit Underwriting jobs include:
What job categories do people searching Credit Underwriting jobs look for? The top searched job categories for Credit Underwriting jobs are:
Credit Underwriting jobs near you
Infographic showing various Credit Underwriting job openings in the United States as of June 2026, with employment types broken down into 100% Full Time. Highlights an 93% Physical, 1% Hybrid, and 6% Remote job distribution, with an average salary of $87,290 per year, or $42 per hour.
VP Credit Underwriting

VP Credit Underwriting

GreenState Credit Union

North Liberty, IA • On-site

$186K - $218K/yr

Full-time

Posted 11 days ago

Job description

Position Summary
The VP Credit Underwriting (VPCR) is a key member of senior management, responsible for designing, implementing, and overseeing credit underwriting for the organization. This role provides strategic direction to optimize portfolio performance while mitigating risk across Consumer, Mortgage and Commercial Lending portfolios. The VPCR will lead underwriting, policy development, and credit approval processes to ensure adherence to risk appetite, regulatory requirements and profitability targets.
GREENSTATE CULTURE:
At GreenState, our purpose is to create lasting value for our members, our communities, and one another. We empower our teams to create opportunities that strengthen financial well-being, transform lives, and enhance the vitality of the communities we serve. We know our success-now and in the future-is deeply rooted in fostering an engaging, diverse, and inclusive workplace where everyone knows they matter, their work makes an impact, and their everyday commitment to living our values is what brings our mission to life.
Salary range for this position is $186,985.50 - $218,607.74 with a progressive benefit package.
Essential Duties and Responsibilities
Performs essential duties and responsibilities in the following areas which may include but are not limited to those listed and are subject to change.
  1. Adheres to the Credit Union's core values and Service Standards in conducting GreenState's mission and vision.
  2. Demonstrates a positive member service (internal and external) focus at all times.
  3. Demonstrates teamwork in all interactions with coworkers and in the completion of all duties and responsibilities.
  4. Ensures confidentiality of member information.
  5. Supports a diverse and inclusive work environment.
  6. Strategic Leadership & Governance
    • Develop and implement comprehensive credit underwriting strategies for Consumer, Mortgage, and Commercial lines of business, aligning with the Credit Union's overall risk appetite and growth goals.
    • Serve as a voting member of the Loan Committee, acting as the primary subject matter expert on complex credit decisions.
    • Ensure all credit policies, underwriting guidelines, and procedures are robust, current, and compliant with regulatory standards.
    • Provide regular reporting on portfolio quality, concentration risks, and emerging threats to the Executive Leadership Team.
    • Collaborate in the development processes to maximize recoveries, minimize losses, and support ongoing portfolio health through collaboration with Lending, Operations, Risk Analytics, Collections, Special Assets, and Legal.
  7. Underwriting & Risk Oversight
    • Oversee the underwriting departments for all lending products, ensuring consistent, high quality, and compliant decisioning.
    • Maintain expert knowledge of, and ensure compliance with, regulations such as Ability to Repay/Qualified Mortgage (ATR/QM), Fair Lending (Reg B), Regulation 723, and FCRA.
    • Review and approve high-level, complex credit underwriting memorandums, including commercial real estate (CRE) and C&I loans.
    • Identify and mitigate risks associated with lending products, including fraud, collateral, and concentration risks.
  8. Portfolio Management & Analytics
    • Monitor and report on Key Indicators (KIs); such as auto decisioning, approval and booking rates, across the Consumer, Mortgage and Commercial portfolios.
    • Collaborate with Lending, Operations, Risk Analytics, Collections, and Special Asset teams to strengthen underwriting standards, streamline workflow processes, enhance speed-to-decision, and improve the member experience.
  9. Leadership & Team Development
    • Lead, mentor, and develop a high-performing team of managers, senior underwriters, analysts, and credit officers.
    • Foster a proactive risk culture focused on accountability, accuracy, and efficiency.
  10. Regulatory Relations
    • Act as the primary point of contact for regulatory agencies on all credit underwriting matters.
    • Lead the remediation of issues related to credit underwriting.

Job Requirements/Expectations
  1. Qualifications
    • Bachelor's degree in Finance, Accounting, Economics, or related field.
    • Minimum of 10+ years of progressive experience in credit underwriting management within a bank or credit union.
    • Minimum of 5+ years experience at a Director level or higher.
    • Deep knowledge of Commercial (C&I/CRE), Mortgage, and Consumer loan product underwriting.
    • Strong understanding of financial services rules and regulations (ATR/QM, Reg B, FCRA).
    • Comprehensive knowledge of valuation methodologies and appraisal standards applicable to both commercial and residential properties.
    • Familiarity with loan origination systems (LOS), data analytics tools, and Microsoft Office Suite.
  2. Core Competencies
    • Ability to anticipate market trends and emerging risks.
    • Strong ability to interpret complex financial data and modeling.
    • Superior verbal and written skills, with the ability to present to the Board.
    • Sound, independent judgment in high paced environment.

Reporting Relationship
This position reports to the Chief Risk Officer.
Supervisory Responsibilities
This position is responsible for the supervision of others.
Equal Opportunity Employment Statement
GreenState Credit Union is an EEO/AA Employer. We strongly encourage all individuals to apply for openings with the credit union.
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