SBA Senior Credit Officer

Overview

The organization is seeking an SBA Senior Credit Officer (SCO) to manage SBA credit underwriting oversight and risk decisioning in accordance with SBA SOP and the organization’s credit risk guidelines. This role will routinely meet with the Head of Commercial Underwriting, Head of SBA Lending, and other bank executives as required to support SBA risk oversight and advise on SBA SOP eligibility and credit risk management.

Responsibilities

• Manage the SBA department’s overall credit underwriting to ensure strong credit quality in accordance with the organization’s credit standards and SBA SOP eligibility requirements.
• Oversee credit review compliance and credit analysis functions, including adherence to organizational policies and practices as well as the SBA and applicable regulatory agencies.
• Ensure disciplined credit underwriting practices to maintain strong credit quality and portfolio integrity.
• Establish and revise internal SBA credit guidelines as required per all SOP updates.
• Ensure bank and SBA policies, practices, regulations, and documentation requirements are followed.
• Proactively monitor and manage credit to identify any deterioration in credit quality and minimize loss exposure.
• Develop and maintain SBA loan risk rating processes to ensure loans are properly risk rated at loan origination.
• Inform the CEO, Chief Credit Officer, Chief Risk Officer, and Head of SBA in a timely manner of any existing and potential risk issues.
• Oversee the onboarding, management, and use of outside professional vendors as related to all aspects of SBA underwriting and risk management.
• Provide SBA SOP credit guidance and support to underwriting, closing, and servicing staff.
• Manage all SBA agency and regulatory audit reviews to ensure satisfactory ratings or better, taking corrective actions as necessary.
• Serve as liaison between the organization and regulatory authorities for SBA audits and examinations, including researching and responding to inquiries from state and federal examiners as well as internal and external auditors.

Requirements

• Bachelor’s degree (B.A.) from four-year college or university; or a minimum of five years of bank credit department experience; or equivalent combination of education and experience. Prior SBA senior credit experience is required.
• 5–7 years of direct SBA credit underwriting and credit management, or equivalent experience.
• Direct commercial credit decisioning experience; SBA preferred.
• Strong proficiency in SBA SOP eligibility and regulatory requirements.
• Strong proficiency in financial analysis and cash flow modeling.
• Experience with complex commercial credit analysis, loan structure, and financial statement analysis.
• Strong leadership skills and capability to mentor and motivate in a team environment.

Preferred Qualifications

• National lending and business acquisition credit experience.

Compensation & Benefits

• Not specified.

Location

• Remote
• Offices in NYC and Boston.