Senior Credit Underwriter - Remote

Posted Yesterday
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Hiring Remotely in Draper, UT, USA
In-Office or Remote
135K-231K Annually
Senior level
Artificial Intelligence • Big Data • Healthtech • Information Technology • Machine Learning • Software • Analytics
The Role
Underwrite, structure, review, and risk-grade syndicated, leveraged, commercial, and private credit loans. Responsibilities include financial statement analysis, valuation modeling, credit memos, portfolio monitoring, covenant testing, loan documentation, credit committee presentations, policy development, and partner relationship management. The role requires extensive commercial lending experience, transactions exceeding $100 million, AI-enabled workflow tools, and travel up to 15%.
Summary Generated by Built In
Requisition Number: 2400217
Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us in making healthcare work better for everyone through people-led, responsible AI while Caring. Connecting. Growing together.
The Senior Credit Underwriter of syndicated credit will be responsible for underwriting, reviewing and negotiating loan requests to help the bank build, maintain, and accurately risk grade a high performing private credit, commercial and leveraged loan portfolio. This role will involve working closely with external banking partners, portfolio managers, legal, credit administration, and bank leadership.
You'll enjoy the flexibility to work remotely * from anywhere within the U.S. as you take on some tough challenges. For all hires in the Minneapolis or Washington, D.C. area, you will be required to work in the office a minimum of four days per week.
Primary Responsibilities:
  • Develop policies, procedures, templates, and other critical structures to establish a quality credit portfolio
  • Work with third-party partners to identify prospective syndicated and leverage loans within the parameters of the Bank's risk appetite
  • Lead the due diligence and underwriting process of new loan opportunities and perform periodic reviews on existing loans
  • Make, recommend, and present credit decisions to credit administration and the credit committee through both effective written and verbal communication
  • Assess and recommend risk ratings for underwritten loans
  • Create credit underwriting memos which analyze the credit request, the borrower, financial and credit information, repayment sources, risks and mitigation, collateral, and compliance with applicable regulations and policies
  • Create and analyze enterprise valuation models, including but not limited to, discount cash flow models and comparable market approach valuations
  • Maintain expert level knowledge of Bank policies, guidelines, procedures, regulations and systems applicable to the credit function
  • Ensure that 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
  • Assistance with strategic initiatives and projects
  • Travel to lender meetings as needed

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.
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
Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with us, you'll find a far-reaching choice of benefits and incentives. The salary for this role will range from $134,600 - $230,800 annually based on full-time employment. We comply with all minimum wage laws as applicable.
Application Deadline: This will be posted for a minimum of 2 business days or until a sufficient candidate pool has been collected. Job posting may come down early due to volume of applicants.
At UnitedHealth Group, our mission is to help people live healthier lives and help make the health system work better for everyone. Together, we are shaping the future of healthcare by harnessing technology and innovation to make care simpler to navigate, more affordable and more connected for the people we serve. We are committed to creating an inclusive workplace where everyone feels welcomed, valued, heard and respected, empowering people to bring their authentic selves to work and strengthening our collective impact through diverse talents, backgrounds, experiences and perspectives.
UnitedHealth Group and its affiliated brands are an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.
UnitedHealth Group and its affiliated brands are a drug-free workplace. Candidates are required to pass a drug test before beginning employment.

Skills Required

  • 8+ years underwriting and structuring commercial, corporate, syndicated, and leveraged loan transactions
  • 8+ years analyzing and spreading business financial statements for commercial and corporate loan transactions
  • 8+ years 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 or investment bank
  • Experience making or recommending credit decisions on transactions exceeding $100 million
  • Experience using AI-enabled tools and technology for research, analysis, documentation, workflow efficiency, and decision-making while maintaining risk management and regulatory compliance
  • Ability and willingness to travel up to 15% as needed
  • Completion of a formal commercial credit training program
  • Professional certification such as CFA or CAIA
  • 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

What the Team is Saying

Optum Compensation & Benefits Highlights

  • Leave & Time Off Breadth — Paid time off is often regarded as generous, with meaningful accrual and flexibility to use it. While practices can vary by team, the overall time-off offering stands out as a relative strength.
  • Retirement Support — A 401(k) plan with employer matching is available and generally well-regarded for supporting long-term savings. It remains valuable, though candidates should verify the current match formula.
  • Parental & Family Support — Programs such as parental leave, family medical leave, and adoption assistance are included as notable elements of the total rewards package. These resources can meaningfully support work-life balance when applicable to the role and location.

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The Company
HQ: Eden Prairie, MN
160,000 Employees
Year Founded: 2011

What We Do

Optum, part of the UnitedHealth Group family of businesses, is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us to start Caring. Connecting. Growing together. At Optum, we support your well-being with an understanding team, extensive benefits and rewarding opportunities. By joining us, you’ll have the resources to drive system transformation while we help you take care of your future. We recognize the power of connection to drive change, improve efficiency and make a difference in health care. Join a team where your skills and ideas can make an impact and where collaboration is key to creating technology that produces healthier outcomes.

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Optum Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Optum has three workplace models that balance the needs of the business and the responsibilities of each role. These models, core on‑site (5 days/week), hybrid (4 days/week) and telecommute or fully remote, vary by country, role and location.

Typical time on-site: Not Specified
HQEden Prairie, MN
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