SBA Credit Underwriter

Overview

This role is responsible for the credit analysis and underwriting function of government guaranteed loans, including SBA 7a and 504, USDA, as well as conventional business loans as necessary. The position reports directly to the Director of Credit and requires minimal supervision.

Responsibilities

• Interpret financial statements, tax returns, and projections.
• Perform analysis of cash flow, global cash flow, financial capacity, and collateral requirements.
• Prepare high-quality, detailed loan memos with in-depth analysis and identification of credit issues and risks.
• Prepare loan requests within established timelines in accordance with the organization’s Loan Policy and procedures.
• Consult with the Business Development Officer and/or Management to recommend loan structuring that limits risk to the organization.
• Review third-party reports, appraisals, and valuations (real estate, equipment, business, etc.), including IRS Transcripts and CAIVRS as required.
• Work closely with Management to support efforts to meet lending goals and objectives.
• Maintain a satisfactory level of customer service for internal and external customers, and maintain satisfactory communication with partners.
• Adhere to compliance requirements, including timely completion of online compliance training modules.
• Assist with the closing and booking of government guaranteed loans when necessary (with closing, portfolio, and operations partners).
• Assist with projects that improve and streamline the credit delivery process.
• Maintain strong working knowledge of applicable bank policies and procedures related to areas of responsibility and adhere to policy requirements.
• Perform other duties and responsibilities as assigned from time to time.

Requirements

• Minimum 10+ years of SBA loan underwriting or commercial loan underwriting experience.
• Strong credit and organizational skills, with the ability to meet deadlines, work well in pressure situations, and communicate effectively (listening, written, and verbal).
• Working knowledge of SBA and USDA B&I policies, procedures, and regulations.
• Ability to organize, pay close attention to details, and manage multiple tasks effectively and in a timely manner.
• Ability to prioritize work and perform under limited supervision.
• Working knowledge of Windows, Microsoft Word, Excel, Outlook, Teams, and Zoom.
• Ability to work well with co-workers at all levels of the organization.
• College degree in accounting, economics, or finance preferred.
• Commercial lending experience and working in a community bank environment a plus.

Preferred Qualifications

• Commercial lending experience and working in a community bank environment.

Compensation & Benefits

• Medical, dental, and vision coverage
• Employer-paid life and disability insurance
• HSA option
• Employee Assistance Program (EAP)
• Telehealth and wellness resources
• Supplemental insurance options
• Pet insurance and legal plan benefits

Benefits become effective on the first day of the month following date of hire.

Work Classification

• FLSA Status: Exempt

Additional Information

This job description is a general description of essential job functions and is not intended as an employment contract. It does not describe all duties someone in this position may perform. Employees are expected to perform tasks assigned by supervisory personnel.

The organization is an Equal Employment Opportunity employer. Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and certain other state or local laws. Employees are responsible for complying with banking regulations that apply to the organization, including adherence to BSA/consumer protection regulations and compliance with OFAC sanctions, as well as completing required compliance training.