OPX Credit Product Officer III SBA (Remote)

Overview

This role as a Credit Products Officer (CPO) focuses on reviewing and underwriting either Corporate and Industrial (C&I) or Commercial Real Estate (CRE) loan requests. The position is responsible for preparing complete, accurate credit analyses in a timely manner that meet internal business partner needs, customer expectations, regulatory requirements, and leading industry practices.

The role emphasizes accountability for protecting the organization through an unbiased, objective assessment of prospective borrowers, including thorough disclosure of identified risks.

In addition, the position may support ongoing portfolio monitoring and ongoing maintenance, including support to one or more Relationship Managers. The role is directly involved with SBA Lending activities.

Responsibilities

Portfolio Management Activities (Primary)

• Manage financial tickler items, including collecting and reviewing financial statements, covenant compliance, and borrowing base worksheets from corporate customers.
• Assist the Loan Officer in reviewing draw requests associated with guidance lines of credit for equipment purchases.
• Conduct ongoing credit assessments and reviews, including completing annual reviews as required for corporate lending relationships and confirming an electronic backup of key client financial records and documentation is maintained within the organization’s systems of record.
• Prepare quarterly Criticized Asset Reports where applicable.
• Perform ongoing portfolio management by seeking early warning signs of deteriorating credit trends and making assessments relative to credit risk ratings (positive and negative).
• Identify and communicate cross-sale opportunities to Loan Officers as applicable when reviewing updated annual financial information.
• Underwrite ACH exposure for borrowing and non-borrowing clients.

Possible New Money Underwriting Activities

• Determine financial information requirements by working with the Relationship Manager to obtain all necessary information to underwrite credit requests.
• Prepare spreads within Moody’s Credit Lens and other spreading tools and templates utilized by the organization.
• Perform borrower financial analysis, including review and analysis of corporate financial statements, tax returns, and accounts payable and accounts receivable aging, to determine borrower financial condition and develop cash flow analysis.
• Perform guarantor financial analysis by reviewing and analyzing personal financial information for guarantors, including personal financial statements, tax returns, real estate owned schedules, and liquidity statements, to determine guarantor financial strength.
• Review new applications for completeness, proper loan structure, and adequate collateral, and condition the loan accordingly.
• Review and analyze all third-party reports, incorporating findings into the analysis of the borrower’s or guarantor’s financial condition.
• Identify and mitigate critical risks and irregularities in coordination with the Relationship Manager, and disclose them in the credit approval memorandum.
• Collaborate in credit structuring to structure credit requests that serve the best interest of both the customer and the organization.
• Determine risk ratings by completing required risk rating models and analyses.
• Complete the Credit Approval Memorandum within the Loan Origination System, ensuring the approval package is complete and all supporting schedules/documents are uploaded.
• Complete portfolio management activities as required for new money requests to existing clients.
• Deliver the approval package to the appropriate Credit Officer.
• Document approvals by ensuring all credit approvals and associated documents are obtained and properly documented within the Loan Origination System.
• Prepare detailed Commitment Letters or Notices of Conditional Approval to communicate credit decisions to clients, as applicable.
• Review and clear closing conditions, seeking approval by a Credit Officer, as applicable.

Post-Approval Activities

• Finalize the credit approval package for closing by ensuring the loan record is complete and forwarding it to the Loan Closing Department.
• Draft Post-Approval Change Memo to document material and immaterial changes to the approved credit package, as needed.

Other Activities

• On a case-by-case basis, participate in credit-related calls with existing and prospective borrowers when requested by the manager or the Loan Officer.
• Identify opportunities for continuous improvement in underwriting and portfolio management practices and tools.
• Work with cross-functional teams as needed to develop, test, and deploy underwriting/portfolio management leading practices and tools.
• Perform and participate in projects and assignments as required by management.

SBA Lending Activities

• Continue to seek training to remain current with changes in the SBA environment and SOP.
• Assist Business Development Officers in structuring financing transactions and approving credit within assigned lending unit(s).
• Perform SBA eligibility analysis.
• Ensure proper use of standard SBA templates as detailed in the respective procedural manuals and SBA SOP.
• Adhere to and comply with current SBA SOP.
• Adhere to and comply with applicable federal and state laws, regulations, and guidance, including those related to anti-money laundering (e.g., Bank Secrecy Act, US PATRIOT Act).
• Adhere to organization policies and procedures and complete required training.
• Identify and report suspicious activity.

Qualifications

Education

• HS Diploma or equivalent required
• Bachelor’s Degree or 4 years of work experience in a related field preferred

Experience

• 3 to 5 years of commercial credit underwriting experience required
• 2 to 3 years of experience in SBA underwriting and eligibility determination required

Knowledge, Skills, and Abilities

• Accounting skills through formal education, AIB, or prior work experience.

Compensation & Benefits

• Not specified in the provided job description.

Location

Candidates residing in locations within BankUnited’s footprint may be given preference.