SBA Underwriter

This is a fully remote position, open to applicants in New York.

📋 Description

• Perform thorough analyses of financial data to provide recommendations for the approval or rejection of new loans.

• Gather, assess, and interpret financial and pertinent information to evaluate the creditworthiness of loan applicants and the validity of specific loan requests.

• Work collaboratively with sales representatives, applicants, and referral sources to obtain all necessary information for a clear and comprehensive presentation of the loan request.

• Engage directly with applicants to comprehend their requirements and the particular risks associated with their businesses.

• Execute detailed financial analyses, including cash flow modeling, to assess creditworthiness and SBA eligibility.

• Create high-quality, comprehensive credit approval documentation that provides an in-depth analysis and identifies credit-related issues and risks.

• Identify the risks and mitigating factors of a credit facility based on the evaluation of business and personal financial statements, collateral, global cash flow, economic and industry conditions, and debt service capacity.

• Achieve or surpass service level agreements and timeline expectations throughout the entire process.

• Offer credit and loan underwriting expertise to sales officers. Recommend appropriate terms for extending credit, including costs, repayment methods, and collateral requirements when applicable.

• Assign precise risk ratings for new loans.

• Foster the Bank's strong relationship banking culture through consistent customer interaction, exceptional customer service, and extensive product knowledge. Comply with the Bank's Bank Secrecy Act policies and procedures, as well as "know your customer/enhanced due diligence" guidelines. Report any suspicious activities to a supervisor or the Bank Secrecy Act Officer.

⛳️ Requirements

• Bachelor's degree (B.A.) from a four-year college or university; alternatively, a minimum of five years in a bank credit department or a comparable combination of education and experience. Previous SBA underwriting experience is mandatory.

• A minimum of 3 years of experience in commercial credit.

• Preference for at least 3 years of SBA 7a loan underwriting experience.

• Working knowledge of SBA SOP 50 10 is preferred.

• Participation in NAGGL/SBA Industry educational courses is a plus.

• Strong accounting proficiency is essential.

🏝️ Benefits

• Competitive salary and performance-based bonuses.

• Comprehensive health and wellness benefits.

• Opportunities for professional development and continuous education.

• Supportive and collaborative work environment.