SBA Credit Analyst III

First Interstate BancSystem•Boise, ID

4d•Hybrid

About The Position

The SBA Credit Analyst III is primarily responsible for underwriting SBA 7a loans (over $500,000) and SBA Express lines of credit and will effectively interact with SBA Loan Specialists and Relationship Managers to provide information and assistance regarding outcomes on application decisions. This position will follow established guidelines and procedures and will have advanced knowledge of credit policy, bank products, and SBA Standard Operating Procedures (SOP), including program requirements for 7(a) loan products. This position may also assist with portfolio management and credit quality monitoring, the development and implementation of policies and procedures, and assisting in the training and mentoring of other Credit Analysts. This position must have advanced underwriting knowledge in order to complete more complex SBA loans that may be outside of Credit Analyst II's capabilities.

Requirements

Possess strong organization and time management skills.
Possess excellent written and verbal skills.
Ability to develop and maintain internal and external relationships with individuals such as SBA Loan Specialists, Relationship Managers, Credit Officers, and Risk Management Personnel.
Ability to work in a fast-paced environment, set priorities, and establish and meet strict deadlines with the flexibility to adapt quickly to changing priorities.
Be self-motivated and possess the ability to assist with credit risk decisions.
Possess strong analytical and problem-solving skills, as well as attention to detail.
Ability to prioritize and work with others in an integrated way to achieve individual objectives and team results with flexibility to adapt to changing volumes, requirements, and areas of focus.
Proficiency with Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint.
Proficiency with financial spread software.
Ability to acclimate quickly to other programs.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Ability to create comprehensive reports, business correspondence, and procedure manuals.
Ability to effectively present complex information succinctly and respond to questions from groups of managers, clients, customers, and the general public.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
Ability to apply concepts of basic algebra and geometry.
Ability to create, interpret, and explain spreadsheet analysis.
Ability to apply a common sense understanding to carry out instructions furnished in written, oral, or diagram form.
Ability to deal with complex problems involving several concrete variables in standardized situations.
Demonstrated ability to structure complex credits, thorough understanding of SBA Standard Operating Procedures (SOP) and policy requirements, strong leadership skills, strong computer skills, excellent analytical skills, and understanding of financial statement analysis, key financial ratios, and credit evaluation methods.
Thorough knowledge of commercial activities including, but not limited to, cash flow analysis, collateral analysis, as well as problem loan strategies (including when to refer to Special Assets).
Strong understanding of compliance requirements, regulatory guidelines, and FIB credit policies and procedures.
High School Diploma or General Education Degree (GED) required
7-9 years banking experience and/or equivalent combination of education and experience required

Nice To Haves

Bachelor's Degree in Business, Finance, or related field preferred
Commercial banking experience preferred

Responsibilities

Maintain extensive knowledge of current SBA policy as well as any updates provided through procedural notices.
Reads, reviews, and understands various financial statements, including but not limited to tax returns, balance sheets, profit and loss statements, agings, borrowing base certificates, debt schedules, equipment lists, credit bureau reports, rent rolls, lease agreements, and appraisals.
Prepares SBA Specific financial spreads for various types of commercial and real estate businesses and individuals acting as direct obligation borrowers or guarantors.
Analyzes credit worthiness of commercial applicants and guarantors as appropriate by reviewing the loan application, spreading historical and projection based financial statements, calculating cash flows, leverage, and liquidity ratios, evaluating collateral, conducting research on the borrower(s) and key industries, and identifying risks.
Analyzes findings and authors a comprehensive report of analysis using a mix of data analysis (charts, formulas, graphs, etc.) and written narrative.
Evaluates credit quality and suggests a proper risk rating based on analysis of most recent financial information.
Possesses proficiency relative to credit transactions and analytical skills sufficient to enable independent underwriting of commercial requests for streamlined to moderate complexity requests with limited guidance from the immediate manager.
Ensures compliance with applicable regulations and keeps up to date with changes in federal regulations and FIB credit policy requirements.
Completes financial performance metric covenant testing utilizing prepared financial spreads.
Participates in a quality control program that provides for the monthly review of general forms, spreads, and analysis with the provision of feedback and mentoring.
Participates in the production and development of training materials and assists with the delivery of training through various channels.
Partakes in a mentorship program with lower-level analysts to assist in guidance and the overall development of credit acumen.
Acts as a resource for Relationship Managers and other analysts for questions relating to loan policy, loan structuring, and underwriting recommendations.
Review commercial loan applications to assess SBA eligibility and complete/document the bank’s credit elsewhere certification within the Commercial Lending Center.