SBA Underwriter

Role Overview

• 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.
• Assignment of accurate risk ratings for new loans.
• 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. Brings 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
• Prefer at least 3 years of SBA 7a loan underwriting experience
• Prefer working knowledge of SBA SOP 50 10
• NAGGL/SBA Industry educational classes a bonus
• Strong proficiency in accounting