SBA Underwriter

Responsibilities

• Conduct in-depth analysis of financial information to form a recommendation of approval or denial of new loans.
• Collect, analyze and evaluate financial and related data to determine credit worthiness of loan prospects and merits of specific loan requests.
• Collaborate with sales officers, applicants, and referral sources to gather all necessary information to present an accurate and complete picture of the loan request.
• Interface directly with applicants to understand their needs as well as the specific risks to their businesses.
• Perform comprehensive financial analysis, including cash flow modeling, to determine creditworthiness as well as SBA eligibility.
• Prepare high quality, detailed credit approval documents that contain an in-depth analysis and an understanding and identification of credit issues and risks.
• Outline the risks and mitigating factors of a credit facility based upon the analysis of business and personal financial statements, collateral, global cash flow, economic and industrial factors and debt service capacity.
• Meet or exceed service level agreements and timeline expectations throughout the process.
• Provide credit and loan underwriting expertise to sales officers. As appropriate, recommend terms under which credit will be extended, including the costs, repayment method, and collateral requirements.
• Support the Bank's strong relationship banking culture through ongoing customer contact, quality customer service, and superior product knowledge.
• Understand and adhere to the Bank's Bank Secrecy Act policy and procedures and "know your customer/enhanced due diligence" guidelines.
• Bring any suspicious activity to the attention of a supervisor, or the Bank Secrecy Act Officer.

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 underwriting experience is required.
• At least 3 years of commercial credit experience.
• Prior SBA 7a loan underwriting experience preferred.
• Prefers working knowledge of SBA SOP 50 10NAGGL/SBA Industry educational classes.
• Strong proficiency in accounting.