Senior Underwriter

Axos Bank

Target Range:

$80,000/Yr. - $100,000/Yr.

Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.

Eligible for an Annual Discretionary Cash Bonus Target: 10% Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 10%

These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.

About This Job

Analyze and evaluate marine loan applications to determine creditworthiness and eligibility for financing. Review complex borrower profiles, including high-net-worth individuals, business owners, trusts, and self-employed borrowers, while assessing collateral, borrower capacity, and overall risk. Apply sound underwriting judgment to ensure loans comply with bank policies, regulatory requirements, and portfolio credit standards.

Responsibilities:

• Review and underwrite marine and yacht loan applications for initial approval, conditional approval, and final clear-to-close decisions.
• Analyze personal and business tax returns, financial statements, cash flow, liquidity, and global debt obligations to assess borrowers' ability to repay.
• Evaluate complex borrower structures, including self-employed individuals, business owners, trusts, and high-net-worth clients.
• Review vessel information, collateral valuations, loan-to-value ratios, insurance requirements, and other marine-specific risk factors.
• Conduct thorough credit analysis utilizing credit reports, income documentation, asset verification, and debt-to-income calculations.
• Exercise sound judgment to identify and mitigate credit, collateral, fraud, and compliance risks.
• Ensure all underwriting decisions comply with bank policies, regulatory requirements, and marine lending guidelines.
• Provide guidance and support to junior underwriters, analysts, and loan operations staff on credit decisions and underwriting standards.
• Review and address quality control findings, credit exceptions, and post-closing issues.
• Collaborate with sales, operations, and management teams to facilitate timely and accurate loan decisions.
• Stay informed on marine lending market trends, vessel valuations, and evolving credit risk factors.
• Perform other duties as assigned.

Qualifications:

• High School Diploma required; Bachelor's Degree in Finance, Business, Accounting, or related field preferred.
• 3-5+ years of underwriting experience, preferably within marine, yacht, recreational lending, consumer lending, mortgage, or specialty asset finance.
• Experience analyzing self-employed borrowers, business owners, and high-net-worth individuals.
• Strong understanding of personal and business financial statement analysis, cash flow analysis, and credit risk assessment.
• Ability to review complex income structures, including K-1s, partnership returns, corporate returns, and trust documentation.
• Knowledge of collateral-based lending concepts, including loan-to-value analysis and asset valuation.
• Strong analytical, decision-making, and problem-solving skills.
• Excellent communication skills and ability to explain credit decisions to internal stakeholders.
• Familiarity with marine or yacht lending is strongly preferred.

Axos Employee Benefits May Include:

• Medical, Dental, Vision, and Life Insurance

• Paid Sick Leave, 3 weeks’ Vacation, and Holidays (about 11 a year)

• HSA or FSA account and other voluntary benefits

• 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan

• Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading

About Axos

Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We’re a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers.

Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX).

Learn more about working at Axos

Pre-Employment Background Check and Drug Test:

All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization.

Equal Employment Opportunity:

Axos is an Equal Opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state, and local laws.

Job Functions and Work Environment:

While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc.

The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

E-Verify and Right to Work Notices

Axos participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States. The E-Verify program is an internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.

IER Right to Work Poster (English/Spanish)

E-Verify Participation Poster (English/Spanish)