Small Business Underwriter

What You'll Do

• Underwrite conventional and SBA small business requests within established policy limits using approved templates and scoring models.
• Analyze financial statements and tax returns to develop global cash flow and key ratios, evaluate collateral and guarantor support, and recommend approval, decline, or counter terms consistent with risk appetite of the Credit Union.
• Apply Small Business policy metrics for System Decisioned, Application Plus, and Judgmental Financial Underwriting.
• Identify deviations, and document tracked policy exceptions with mitigation and escalate per approval authority matrix while maintaining required tracking.
• Sure each loan request is properly structured for purpose, repayment source, collateral, and guarantor support.
• Confirm SBA program eligibility for 7(a) and 504 when applicable.
• Cordinate SBA checklists with Relationship Managers through loan origination system (LOS) to ensure documentation requirements are met and identify items that must be satisfied prior to approval or closing.

What You'll Need

• Three to five years of similar or related experience
• Bachelor’s degree in Business Administration, Finance or related field
• Knowledge of analyzing tax returns and financial statements to assess cash flow, leverage, liquidity, and debt service coverage.
• Knowledgeable in SBA 7(a) and 504 eligibility and documentation.
• Advanced Excel skills with experience in loan origination and Customer Relationship Management (CRM) systems.
• Must be able to handle multiple responsibilities, meet deadlines, deal with sensitive information and handle problem resolution.
• Effectively communicate with internal and external customers appropriately via in person, email etc.

Qualifications

Diversity, equity, and inclusion are part of our culture and values. As an employer of choice, we invest in people and their careers. Our competitive employee benefits include several health and wellness options, competitive 401(k) matching contributions, professional development, and tuition assistance and more!

Benefits

Nusenda Credit Union is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.