SBA Underwriter II

About Us

The SBA Underwriter II position at Windsor Advantage supports lenders in processing SBA 7(a) and USDA loans. Windsor Advantage is a leading Lender Service Provider that assists banks, credit unions, and Community Development Financial Institutions (CDFIs) in implementing government-guaranteed lending initiatives.

Position Purpose

The SBA Underwriter II will assist lenders with loan requests by preparing pre-assessments, borrower and lender checklists, document collections, and Credit Summaries for SBA eligibility. They will also communicate with lenders to ensure loan structures comply with SBA guidelines.

Position Responsibilities

• Prepare, review, and analyze the creditworthiness of loan applicants by spreading financial statements.
• Manage loan applications and assist lenders with loan preparation, including sources and uses of funds.
• Review construction budgets, inventory lists, and other financial documents to assess adequacy of assets.
• Prepare a collateral table and assess the adequacy of assets using SBA liquidation percentages.
• Discuss business overview, including description, history, products/services, management, and competition.
• Analyze and spread historical and projected financial documents to determine cash flow and repayment capacity.
• Determine break-even points and perform what-if scenarios.
• Compare business ratios to RMA standards and discuss the impact on the business.
• Spread personal financial statements and credit reports to assess the creditworthiness of principals and guarantors.
• Prepare pro-forma balance sheets and discuss ratios such as debt to tangible net worth.
• Perform SBA eligibility analysis, including size standard analysis or alternate size standard analysis.
• Review CAIVRS reports and Sam.gov reports to ensure no debarment from federal government contracts.
• Work with the Underwriting Team to improve the underwriting process and enhance the client experience.
• Support the packager/closer team for a seamless transition to the next stage of the SBA process.
• Assist in screening out unsuitable loan requests, preparing credit addendums, and writing memos to the file.
• Support organizational initiatives and ensure the security and confidentiality of customer information.

Minimum Education & Experience

• Bachelor’s Degree in Finance or Accounting, or equivalent relevant experience.
• Minimum 3 years of commercial loans and/or SBA/USDA loan experience.
• Recent underwriting experience in a high-volume environment with full knowledge of SBA loan programs, regulations, and procedures.

Technical Knowledge & Skills

• Understanding of SBA Loan Programs and eligibility criteria.
• Knowledge of credit analysis, including sources and uses of proceeds, collateral analysis, and financial ratio benchmarks.
• Strong verbal and written communication skills.
• Ability to think creatively and solve problems efficiently.
• Organized and detail-oriented.
• Proficient in Microsoft Office Suite and computer systems relevant to commercial lending activities.

Compensation

Base Salary Range: $65,000 - $95,000 annually. Annual target bonus based on individual performance.

Working Arrangements

This is a 100% remote role.

Why Join Us?

• Growing company with an entrepreneurial culture.
• Comprehensive benefits package including medical, dental, vision, life insurance, disability insurance, and 401(k) contributions.
• Employee perks such as paid parental leave, recognition program, leadership program, tuition reimbursement, and more.
• Moderate paid time off and holidays.
• Supporting businesses and helping people strengthen communities.

Additional Information

We are an E-Verify, Affirmative Action, and Equal Opportunity Employer.