Axos Bank

Target Range:

$120,000.00/Yr. - $160,000.00/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: 12.5%

Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 12.5%

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

About This Job

Axos is seeking a VP, Commercial Underwriter to lead the underwriting and risk assessment process for complex commercial lending transactions. This role partners with Relationship Managers, Credit Officers, and Executive Leadership to evaluate creditworthiness, structure credit facilities, and ensure adherence to the institution’s risk appetite and regulatory requirements. The Commercial Underwriter also supports portfolio risk management and the growth of high-quality commercial loan assets.

Responsibilities

• Lead underwriting for large and complex commercial floorplan loans for dealers and manufacturers.
• Analyze borrower financials, market trends, credit reports, collateral, and industry risks to assess creditworthiness and recommend appropriate credit structures.
• Ensure underwriting decisions comply with internal credit policies, regulatory requirements, and industry best practices.
• Prepare and present clear, comprehensive credit approval memoranda for senior credit committees.
• Ensure collateral perfection under UCC Article 9, including UCC filing and search requirements, PMSI notices, and intercreditor agreements as applicable.
• Partner with Relationship Managers to provide guidance on deal structure, risk mitigation, and policy alignment.
• Monitor portfolio performance and proactively identify emerging risks and adverse trends.
• Coach and mentor junior underwriters and credit analysts; provide day-to-day review and oversight as needed.
• Contribute to credit policy development and underwriting process improvement initiatives.
• Serve as a subject matter expert on commercial underwriting, floorplan lending, and credit risk evaluation.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, or a related field required; MBA or other advanced degree preferred.
• 10 years of experience in commercial credit underwriting, including large and complex loan structures.
• Strong knowledge of financial statement analysis, loan structuring, collateral evaluation, and cash flow modeling.
• Working knowledge of applicable banking regulations and supervisory guidance (e.g., OCC/FDIC) and internal risk-rating systems.
• Ability to communicate complex credit recommendations clearly to senior leadership and key stakeholders.
• Excellent analytical, organizational, and leadership skills, with strong attention to detail.
• Experience with portfolio management, monitoring, and risk reporting tools preferred.
• Proficiency with credit underwriting systems and Microsoft Office (especially Excel and PowerPoint).

Axos Employee Benefits May Include:

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)

Axos is seeking a VP, Commercial Underwriter to lead the underwriting and risk assessment process for complex commercial lending transactions. This role partners with Relationship Managers, Credit Officers, and Executive Leadership to evaluate creditworthiness, structure credit facilities, and ensure adherence to the institution’s risk appetite and regulatory requirements. The Commercial Underwriter also supports portfolio risk management and the growth of high-quality commercial loan assets. Responsibilities. Lead underwriting for large and complex commercial floorplan loans for dealers and manufacturers. Analyze borrower financials, market trends, credit reports, collateral, and industry risks to assess creditworthiness and recommend appropriate credit structures. Ensure underwriting decisions comply with internal credit policies, regulatory requirements, and industry best practices. Prepare and present clear, comprehensive credit approval memoranda for senior credit committees. Ensure collateral perfection under UCC Article 9, including UCC filing and search requirements, PMSI notices, and intercreditor agreements as applicable. Partner with Relationship Managers to provide guidance on deal structure, risk mitigation, and policy alignment. Monitor portfolio performance and proactively identify emerging risks and adverse trends. Coach and mentor junior underwriters and credit analysts; provide day-to-day review and oversight as needed. Contribute to credit policy development and underwriting process improvement initiatives. Serve as a subject matter expert on commercial underwriting, floorplan lending, and credit risk evaluation. Qualifications. Bachelor’s degree in Finance, Accounting, Economics, or a related field required; MBA or other advanced degree preferred .0 years of experience in commercial credit underwriting, including large and complex loan structures. Strong knowledge of financial statement analysis, loan structuring, collateral evaluation, and cash flow modeling. Working knowledge of applicable banking regulations and supervisory guidance (e.g., OCC/ FDIC) and internal risk-rating systems. Ability to communicate complex credit recommendations clearly to senior leadership and key stakeholders. Excellent analytical, organizational, and leadership skills, with strong attention to detail. Experience with portfolio management, monitoring, and risk reporting tools preferred. Proficiency with credit underwriting systems and Microsoft Office (especially Excel and PowerPoint).

search terms: Commercial+Underwriter