Credit Officer, Credit Department - Remote, USA
About The Position
The Credit Officer underwrites and conducts due diligence for SBA 7(a) loan transactions, working under the supervision of the Credit Team Lead and/or Credit Manager. The role analyzes applicants’ financial information, evaluates it against internal credit policies and procedures, and prepares credit memoranda that comply with Crossroads Small Business Solutions’ and SBA requirements. The Credit Officer also supports approved loans through processing, coordinates with the Closing Team, and exercises independent judgment when recommending credit approval to the Management Loan Committee. This is a full-time remote position in the USA, with a stated base salary of $95,000–$120,000 per year, depending on experience, qualifications, and location, plus a bonus incentive.
Requirements
- 3–5 years of experience underwriting and spreading SBA 7(a) loans.
- Professional speaking and presentation skills.
- Basic understanding and knowledge of SBA eligibility and guidelines.
- Ability to identify and mitigate credit risks.
- Ability to analyze and interpret financial statements, business reports, and legal documents.
- Good judgment and problem-solving skills.
- Proficient business writing skills.
- Must be able to pass a post-offer drug screening and background check.
Responsibilities
- Underwrite and conduct due diligence for SBA 7(a) loan transactions under the supervision of the Credit Team Lead and/or Credit Manager.
- Spread and analyze loan applicants’ financial information and evaluate it according to internal Credit Policies & Procedures.
- Order third-party reports, such as appraisals, environmental reports, or business valuations, with approval from the Credit Team Lead and/or Credit Manager.
- Prepare Credit Memoranda and ensure loans are underwritten according to Crossroads Small Business Solutions’ and SBA policies and procedures.
- Coordinate processing of approved loans, ensuring loans are processed according to customer needs and internal lending policies.
- Use discretionary and independent judgment to prepare and recommend credit approvals to the Management Loan Committee.
- Coordinate with the Closing Team to process transactions efficiently.
Benefits
- 401(k) with employer match.
- Health, dental, and vision insurance.
- HSA and FSA.
- Employer-paid life insurance.
- Paid vacation days.
- Sick leave.
- Employee discounts.
- Company events and training programs.
- Training and career advancement opportunities.
- Bonus incentive.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Education Level
No Education Listed
