SBA Lead Underwriter

Overview

This role reviews and decides small business loan requests within approved loan authority. The position also supports junior underwriters through the loan decision process by providing expertise in financial analysis and loan structuring.

Responsibilities

• Review and make underwriting decisions for small business loan requests for new money to new borrowers.
• Partner with relationship managers to support initial deal review, modeling, and structuring.
• Coordinate deal pre-clearance with relationship managers and teams including the Structured Finance Group, Credit, Capital Markets/Syndications, and other constituents.
• Work with relationship managers, customers/prospects, and third-party providers to order, obtain, and verify required due diligence information.
• Use available resources to prepare credit approval documentation, including changes in terms.
• Coordinate with the relationship manager and Credit to obtain the proper credit approval.
• Develop training and education guidelines for SBA lending.
• Oversee adherence to SBA credit and eligibility policies, ensuring compliance with government regulations and the SBA guaranty.
• Maintain in-depth working knowledge of all SBA products and services and ensure Business Banking leadership and market leaders are aware of new SBA program developments or modifications as published by the SBA Center Office in Washington, DC.
• Engage and manage legal counsel and negotiate legal documentation in conjunction with the relationship manager.
• Complete and manage closing, funding, and booking in cooperation with the Funding Desk and Credit Collateral Operations.
• Complete internal and external post-closing items.
• Complete the underwriting process for deal amendments and restructurings.
• Complete special projects and assignments as requested.

Supervisory Responsibilities

• May provide direct leadership and supervision to junior underwriters, credit analysts, and/or leadership program participants.

Requirements

• College degree in accounting, finance, or economics, or equivalent industry experience required.
• Total work experience of 7 years, including 4 to 6 years of underwriting, credit, or originations experience (banking or investment banking industry preferable).
• Thorough working knowledge of SBA SOP 50-10-8.1 and other SOP program guides.
• Excellent attention to detail and strong verbal and written communication skills.
• Highly organized with the ability to manage multiple detailed tasks and processes concurrently.
• Must be proficient in basic software applications including Microsoft Word, Excel, Outlook, and Internet Explorer; advanced Microsoft Excel skills a plus.

Preferred Qualifications

• Excellent knowledge of B2B, CCAS, nCino, AFS, Appraisal systems, CLAS/LaserPro Loan Doc Prep Systems (or equivalent vendor systems), and other banking systems.

Compensation & Benefits

• Total Base Pay Range: 82,100.00 - 172,500.00 USD Annual
• Base salary within the stated range varies based on role, relevant skillset, relevant experience, education, and geographic location.
• This role is eligible to participate in an incentive compensation plan, with any payment based upon company, line of business and/or individual performance.
• Comprehensive benefits program designed to support physical, financial, emotional, and social well-being.

Location

• Virtual, Ohio 00000

Additional Information

• Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. The employer does not accept resumes from any agency that does not have an active agreement. Any unsolicited resumes will be considered the property of the employer, and the employer will not be responsible for any associated fee.