Senior Credit Underwriter - Remote

Overview

This role focuses on underwriting, reviewing, and negotiating loan requests to support a high-performing private credit, commercial, and leveraged loan portfolio. Work involves building and maintaining accurate risk grading, as well as partnering with external banking partners and internal stakeholders across portfolio management, legal, credit administration, and bank leadership.

Responsibilities

• Develop policies, procedures, templates, and other structures to establish a quality credit portfolio
• Partner with third-party organizations to identify prospective syndicated and leveraged loans within the bank’s risk appetite
• Lead due diligence and the underwriting process for new loan opportunities, and perform periodic reviews on existing loans
• Make, recommend, and present credit decisions to credit administration and the credit committee using effective written and verbal communication
• Assess and recommend risk ratings for underwritten loans
• Create credit underwriting memos analyzing credit requests, borrower information, financial and credit data, repayment sources, risks and mitigation, collateral, and compliance with applicable regulations and policies
• Create and analyze enterprise valuation models, including discount cash flow and comparable market approach valuations
• Maintain expert-level knowledge of bank policies, guidelines, procedures, regulations, and systems applicable to the credit function
• Ensure loan files and documentation are complete and accurate on an ongoing basis
• Perform portfolio management and monitoring duties, including covenant testing
• Ensure accuracy of internal reports and systems related to the portfolio
• Develop and maintain positive relationships with internal and external partners
• Assist with strategic initiatives and projects
• Travel to lender meetings as needed

Required Qualifications

• 8+ years of experience underwriting and structuring commercial, corporate, syndicated, and leveraged loan transactions
• 8+ years of experience analyzing and spreading business financial statements associated with commercial and corporate loan transactions
• 8+ years of experience working in a commercial credit or lending role with a commercial bank or investment bank
• 8+ years of buy side and or sell side syndicated credit experience with a commercial bank or investment ban
• Experience making or recommending credit decisions on transactions > $100 million
• Experience leveraging AI-enabled tools and technology to enhance research, analysis, documentation, workflow efficiency, and decision-making while maintaining appropriate human judgment, risk management, and regulatory compliance
• Ability and willingness to travel up to 15% as needed

Preferred Qualifications

• Completion of a formal commercial credit training program
• Professional certification (CFA, CAIA, etc.)
• 10+ years of experience in buy side and sell side bank loan syndications
• 3+ years of experience underwriting private credit
• Experience with special assets and workout loans
• All employees working remotely will be required to adhere to UnitedHealth Group's Telecommuter Policy

Compensation & Benefits

• Salary range: $134,600 - $230,800 annually based on full-time employment
• Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc.
• In addition to salary, the role includes a comprehensive benefits package, incentive and recognition programs, equity stock purchase, and 401k contribution (benefits subject to eligibility requirements)

Location

• Remote work is available from anywhere within the U.S.
• For hires in the Minneapolis or Washington, D.C. area: required to work in the office a minimum of four days per week.

Additional Information

• Application will be posted for a minimum of 2 business days or until a sufficient candidate pool has been collected; the posting may come down early due to volume of applicants.
• Drug-free workplace: candidates are required to pass a drug test before beginning employment.