Leveraged Lending Underwriting Analyst I
Axos Bank, San Diego, California, United States, 92189
Axos Bank
Target Range:
$23.50/Hr. - $31.25/Hr.
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 The Leveraged Lending Underwriting Analyst provides analytical and transactional support to the underwriting team in evaluating leveraged loan opportunities for corporate and private equity‑backed borrowers. This entry‑level role is ideal for candidates with strong financial and analytical skills who want to build expertise in leveraged credit underwriting.
Responsibilities
Analyze borrower financial statements (historical & projected) to assess cash flow adequacy, leverage, liquidity, and performance trends
Build, update, and interpret financial models including sensitivity cases, leverage metrics, and pro‑forma adjustments
Conduct sponsor analysis: track record, fund strategy, prior performance, and support tendencies
Perform industry and competitive research to assess sector risks, cyclicality, and key value drivers
Assist Senior Underwriters in structuring transactions, evaluating collateral, and assessing deal terms
Review and summarize third‑party diligence: Quality of Earnings reports, field exams, legal due diligence, and valuation data
Partner with internal groups such as Credit, Portfolio Management, Treasury, Loan Operations, and Legal to underwrite and close loans
Qualifications
Bachelor’s degree in Finance, Accounting, Economics, Business, or related field
Proficiency in Microsoft Excel (modeling, pivot tables, financial functions)
Excellent analytical and problem‑solving skills
Strong attention to detail and ability to manage multiple priorities
Clear written and verbal communication skills
Internship experience in commercial banking, corporate finance, credit risk, investment banking, private equity, or related field is preferred
Familiarity with leveraged lending concepts (EBITDA adjustments, pro‑forma modeling, leverage metrics) is a plus
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.
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$23.50/Hr. - $31.25/Hr.
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 The Leveraged Lending Underwriting Analyst provides analytical and transactional support to the underwriting team in evaluating leveraged loan opportunities for corporate and private equity‑backed borrowers. This entry‑level role is ideal for candidates with strong financial and analytical skills who want to build expertise in leveraged credit underwriting.
Responsibilities
Analyze borrower financial statements (historical & projected) to assess cash flow adequacy, leverage, liquidity, and performance trends
Build, update, and interpret financial models including sensitivity cases, leverage metrics, and pro‑forma adjustments
Conduct sponsor analysis: track record, fund strategy, prior performance, and support tendencies
Perform industry and competitive research to assess sector risks, cyclicality, and key value drivers
Assist Senior Underwriters in structuring transactions, evaluating collateral, and assessing deal terms
Review and summarize third‑party diligence: Quality of Earnings reports, field exams, legal due diligence, and valuation data
Partner with internal groups such as Credit, Portfolio Management, Treasury, Loan Operations, and Legal to underwrite and close loans
Qualifications
Bachelor’s degree in Finance, Accounting, Economics, Business, or related field
Proficiency in Microsoft Excel (modeling, pivot tables, financial functions)
Excellent analytical and problem‑solving skills
Strong attention to detail and ability to manage multiple priorities
Clear written and verbal communication skills
Internship experience in commercial banking, corporate finance, credit risk, investment banking, private equity, or related field is preferred
Familiarity with leveraged lending concepts (EBITDA adjustments, pro‑forma modeling, leverage metrics) is a plus
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.
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