Sr Loan Underwriter

Location: Remote, Minnesota

Why Join Thrivent

Thrivent is a mission-driven, not-for-profit financial services organization dedicated to helping people achieve financial clarity and live generously. As a Sr Loan Underwriter at Thrivent, you'll play a pivotal role in our banking division, empowering clients with mortgage loans, home equity lines, consumer loans, and small commercial financing solutions. Our remote work model in Minnesota offers flexibility while connecting you to a collaborative team passionate about ethical lending and client success.

At Thrivent, we foster a culture of innovation, integrity, and community impact. Join over 2,000 dedicated professionals who make high-impact credit decisions daily, balancing client needs with prudent risk management. Enjoy competitive pay, comprehensive benefits, and opportunities for professional growth in a supportive environment. Whether you're analyzing complex financial statements or shaping underwriting policies, your expertise will drive Thrivent's commitment to financial wellness. Discover a career where your skills in loan underwriting, credit analysis, and financial risk assessment create lasting value for clients and the organization.

Role Description

The Sr Loan Underwriter is a senior-level position responsible for reviewing, analyzing, and making credit decisions on mortgage, home equity, consumer, and small commercial loan requests. You will exercise high-level lending authority through Thrivent's Bank Advisory Process, ensuring decisions align with client interests while mitigating bank risk. This role involves recommending process improvements, policy updates, and strategic directions to enhance departmental success, client satisfaction, and overall bank performance.

In this remote Minnesota-based role, you'll maintain the safety and security of clients, employees, and Thrivent Financial Bank assets by strictly adhering to regulations, policies, and procedures. Interact with individual contributors, external vendors, contractors, consultants, managers, and directors across Thrivent to influence lending strategies and outcomes. Ideal for seasoned professionals with a passion for retail banking, credit underwriting, and financial analysis seeking to make a meaningful impact in a values-driven organization.

Detailed Responsibilities

• Analyze and make credit decisions on loans in accordance with all credit and bank policies, ensuring accuracy and compliance.
• Recommend underwriting criteria for implementation within automated underwriting decision engines to streamline processes.
• Actively participate in underwriting activities to set the strategic direction of the department.
• Recommend updates and changes to underwriting policies and procedures based on emerging needs and best practices.
• Demonstrate excellent knowledge of industry trends in the dynamic lending marketplace.
• Exhibit proficiency in interpreting and analyzing complex income tax returns and financial statements.
• Analyze and approve employee loan requests with discretion and fairness.
• Consistently meet appropriate service level timelines designed for the department to deliver exceptional client experiences.
• Maintain an acceptable percentage level of charge-off loans through vigilant risk assessment.
• Exercise sound judgment and decision-making skills using appropriate underwriting guidelines.
• Collaborate with internal teams and external partners to enhance lending outcomes and client advisory services.

Required Skills

Thrivent seeks candidates with proven expertise in key areas essential for senior loan underwriting success:

• Credit analysis and decision-making
• Financial statement interpretation
• Income tax return analysis
• Underwriting policy development
• Risk management in retail banking
• Automated underwriting systems
• Industry trend awareness
• Interpersonal communication
• Client-focused service delivery
• Regulatory compliance

Education & Experience

Required Qualifications

• Bachelor’s degree or equivalent work experience required.
• Minimum 5 years of experience in lending, preferably in a retail banking environment.
• Demonstrated high level of interpersonal skills, relating well to others with tact, diplomacy, respect for opinions, and a team-player approach.
• Excellent communication skills, both written and verbal.
• Strong client-focused skills to prioritize member needs.
• Well-organized, efficient, and able to coordinate multiple tasks simultaneously.

Preferred Qualifications

Advanced certifications such as Certified Mortgage Underwriter (CMU) or equivalent; experience with mortgage, home equity, consumer, and small commercial loans; proven track record in reducing charge-offs and improving service levels.

Compensation Overview

Competitive salary reflecting seniority and expertise in Minnesota's remote lending market.

Benefits

Thrivent offers a robust benefits package including medical, dental, and vision insurance; 401(k) with company match; generous PTO; remote work stipends; professional development opportunities; employee loan programs; and wellness initiatives. As a not-for-profit, we prioritize holistic well-being, financial planning resources, and community volunteer time. Join us to thrive professionally and personally.

Thrivent is an Equal Opportunity Employer committed to diversity and inclusion.