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Form of workJob Description
Our client, a Top 25 SBA Banking Team is looking to add an SBA Underwriter to join our dynamic and growing team. You will be reviewing SBA 7A applications for our Small Loan (Loans Under $500K) and SBA express products. Your responsibilities include reviewing applications against an approval checklist by product type, completing initial eligibility analysis, financial statement spreading, detailed analysis of repayment capacity and financial metrics, and preparing the Credit Memo for final credit approval. You will also be responsible for ensuring the closing team has the details they need to effectively close the loan and confirm they have gathered all required stipulations.
Essential Duties and Responsibilities:
- Reviews each assigned SBA application following completion of the pre-screen process
- Apply knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for accuracy, completeness, and eligibility
- Periodically engages in discussions of prospective loan requests with Processors/BDOs, prospective borrowers, closing partners, and Credit Leadership
- Performs detailed analysis of financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors
- Reviews business and personal credit reports, as well as industry and market data
- Identifies and properly mitigates all risks associated with each assigned SBA application
- Prepares an appropriately detailed Credit Memorandum outlining terms and conditions for loan closing, summarizing financial and business analysis, and addressing mitigation of all identified risks
- Demonstrates excellent working knowledge of all systems utilized by the department
Qualifications for Success:
- Bachelor's degree in accounting, finance, or related field
- Three (3) or more years of SBA experience
- Three (3) or more years in commercial loan underwriting, financial analysis, or portfolio management experience
- Ability to prioritize and operate with a sense of urgency
- Proficient in financial spreading
- Strong verbal and written communication skills
- Organized, detail-oriented, and able to multi-task
- Strong analytical and problem-solving skills
- Ability to work collaboratively with multiple stakeholders
