SBA Lead Underwriter
About The Position
The SBA Lead Underwriter reviews and decides small business loan requests within approved loan authority and assists junior underwriters with loan decisions, financial analysis, and loan structuring. The role focuses on new money to new bank borrowers and works closely with relationship managers, customers, third-party providers, Credit, Capital Markets/Syndications, and other groups throughout underwriting, approval, closing, and funding. The position oversees adherence to SBA credit and eligibility policies and government regulations, maintains working knowledge of SBA products and program changes, and develops training and education guidelines for SBA lending. It may provide direct leadership and supervision to junior underwriters, credit analysts, and leadership program participants. The role is virtual in Ohio.
Requirements
- A college degree in accounting, finance, or economics, or equivalent industry experience.
- Seven years of total work experience, including four to six years of underwriting, credit, or originations experience; banking or investment banking experience is preferred.
- Thorough working knowledge of SBA SOP 50-10-8.1 and other SOP program guides.
- Attention to detail and excellent verbal and written communication skills.
- Strong organization and ability to manage several detailed tasks and processes concurrently.
- Proficiency in basic software applications, including Microsoft Word, Excel, Outlook, and Internet Explorer.
Nice To Haves
- Experience in banking or investment banking.
- Excellent knowledge of B2B, CCAS, nCino, AFS, appraisal systems, CLAS/LaserPro Loan Doc Prep Systems or equivalent vendor systems, and other banking systems.
- Advanced Microsoft Excel skills.
Responsibilities
- Review and decide small business loan requests within approved loan authority.
- Assist junior underwriters through loan decisions, including financial analysis and loan structuring.
- Underwrite requests focused on new money to new borrowers to the bank.
- Work with relationship managers on initial deal review, modeling, and structuring.
- Coordinate deal pre-clearance with relationship managers and the Structured Finance Group, Credit, Capital Markets/Syndications, and other constituents.
- Work with relationship managers, customers or prospects, and third-party providers to obtain and assess required due diligence information.
- Use available resources to prepare credit approval documents and changes in terms.
- Coordinate with relationship managers and Credit to obtain proper credit approval.
- Develop training and education guidelines for SBA lending.
- Oversee adherence to SBA credit and eligibility policies and ensure compliance with government regulations and the SBA guaranty.
- Maintain in-depth knowledge of SBA products and services and alert Business Banking leadership and market leaders to SBA program developments or modifications.
- Engage and manage legal counsel and negotiate legal documentation with relationship managers.
- Manage closing, funding, and booking in cooperation with the Funding Desk and Credit Collateral Operations.
- Complete internal and external post-closing items.
- Underwrite deal amendments and restructurings.
- Complete special projects and assignments as requested.
- Manage risk by identifying, assessing, monitoring, and reporting risks and following bank policies and procedures.
- May directly lead and supervise junior underwriters, credit analysts, and/or leadership program participants.
Benefits
- Comprehensive benefits designed to support employees and their families’ physical, financial, emotional, and social well-being.
- Eligibility to participate in an incentive compensation plan, with payments based on company, line-of-business, and/or individual performance.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
