SBA Credit Analyst/ Underwriter/ Remote

Regional Bank has an immediate opportunity for an SBA Credit Analyst. MUST HAVE CURRENT SBA EXPERIENCE / NOT MORTGAGE

The SBA Underwriter / VP is responsible for analyzing / evaluating SBA 7(a), USDA, and SBA 504, and small business loan application files to ensure credit worthiness of each assigned loan transaction.

Additionally, this individual will assist in the preparation of Preliminary Analysis as needed. The SBA Underwriter / VP will ensure that all areas of responsibility are being performed in accordance with Bank and SBA policies and procedures, meet with Bank clients as appropriate, and occasionally make visits with other Bank personnel to determine eligibility and assist other Bank officers,

• Analyze SBA, USDA, and small business loan files for credit worthiness based on Bank and SBA policies and guidelines.
• Prepare Credit Memorandum(s) on all new prequalified loan applications relative to financial strengths and weaknesses of applicants and guarantors, risk assessments, collateral assessment, and loan structure with an opinion as to credit worthiness.
• Review and evaluation of borrower and guarantor financial Information including Balance Sheet and Income & Expense Statements, credit reports, D&B reports, OFAC, bank statements, tax returns and any other borrower information in order to make appropriate credit decision.
• Review and evaluation of borrower and guarantor financial information to ensure that business and guarantor generate sufficient cash flow in order to debt service and meet minimum DSCR requirements.

Compare historical performance / trends and provide footnotes as needed.

• Gather information on actual and prospective borrowers through inquiries and investigations with trade suppliers, financial institutions, professional firms, or individuals in-house relative to loan amount, activity, profitability, and affiliate relationships.
• Establishes and negotiates where necessary, loan structure, terms, and collateral conditions based on SBA and Bank policies and guidelines, in relation to applicant and BDO request.
• Analyzes industry data, competitive factors, historical performance, projected results, risk, and mitigating factors.
• Responsible for all loan amendments, ensuring that all loan conditions have been met, and other items as it may pertain to the credit, including review of appraisal and environmental reports.
• Provide a risk-rating grade level to loans underwritten and evaluated.

Basic Qualifications

Bachelor’s degree (BA) or equivalent from an acceptable 4 YEAR college or university; or at least 5 YEARS of BANKING experience and / or training;

or the equivalent combination of education and experience. Work related experience should consist of a financial analyzing or credit review background.

Educational experience, through in-house training sessions, formal school, or financial industry related curriculum, should be business or financial industry related.

• Experience with 7a eligible Commercial Real Estate (CRE) preferred.
• Advanced knowledge of SBA SOP, commercial, construction, real estate and consumer loan products, processing and advanced knowledge of related state and federal lending and compliance laws and regulations, and other Bank lending policies including title policies, RESPA, and HMDA.
• Basic knowledge of branch operation procedures, Bank products and services and have the ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures.
30+ days ago