Associate, Senior SBA Credit Analyst/Underwriter

Position Summary

The Senior SBA Credit Analyst / Underwriter is responsible for evaluating and underwriting SBA loan applications in accordance with the SBA Standard Operating Procedures (SOP) and Ready Capital’s credit policy. This role requires advanced credit analysis capabilities, strong technical writing, and effective communication skills to support sound credit decisions and ensure compliance with SBA guidelines.

Key Responsibilities

• Credit Analysis & Underwriting
• Conduct thorough financial analysis of business and personal financial statements, tax returns, and cash flow projections.
• Assess borrower creditworthiness, repayment capacity, and collateral adequacy.
• Prepare a detailed credit memo with well-supported recommendations.
• SBA SOP Compliance
• Ensure all underwriting activities align with current SBA SOP requirements.
• Stay updated on changes to SBA policies and communicate implications to relevant stakeholders.
• Collaborate with RCL’s closing teams to ensure documentation accuracy.
• Technical Writing
• Draft clear, concise, and comprehensive credit memos and risk assessments.
• Document underwriting decisions and rationale in a professional and audit-ready format.
• Communication & Collaboration
• Present credit findings to loan committees and senior management.
• Communicate effectively with BDOs, borrowers, internal customers and third-party professionals to gather necessary information.
• Provide mentorship and guidance to junior underwriters as needed.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, or related field
• Minimum 4 years of experience in SBA credit analysis
• Deep understanding of SBA 7(a) programs and SOP requirements
• Strong analytical skills and proficiency in financial modeling
• Excellent written and verbal communication skills
• Ability to work in a high volume environment

Physical Demands

• Sit
• Use hands to finger, handle, or feel
• Talk or hear
• Frequent standing and walking
• Frequent reaching with hands and arms
• Occasional climbing or balancing, stooping, kneeling, crouching, or crawling
• Frequent lifting and/or moving up to 15 pounds

Specific Vision Abilities

• Close vision
• Distance vision
• Color vision
• Peripheral vision
• Depth perception
• Ability to adjust focus

Work Environment

• Silence
• Quiet