SBA Loan Underwriter

Evolve Bank & Trust•Memphis, TN

About The Position

The SBA Loan Underwriter facilitates accurate and timely analysis and underwriting of SBA 7(a) and 504 loan submissions through the bank credit decision. The role evaluates submissions for completeness; analyzes and spreads borrower financial statements to assess cash flow, ratios, and personal and business strengths; and identifies issues requiring further investigation. The underwriter may interview and interact with principals to answer questions and address concerns. The role prepares narrative credit writeups for approval authorities, makes revisions as needed, completes commitment or declination letters, and communicates decisions to the Business Development Officer and/or borrower. The position also works with the closing department, Business Development Officers, closers, and borrowers to address transaction issues; reviews third-party reports and invoices; prepares transaction spreadsheets, financial analyses, credit presentations, modifications, commitment letters, and other reports; and presents credit requests to the EB&T credit committee as needed. Special projects may be assigned by management. The role offers opportunities to expand knowledge through continuing classes and webinars and exposure to a range of borrowers at a national PLP lender.

Requirements

At least four years of experience in underwriting for SBA lending or a commercial finance organization.
Bachelor’s degree, preferably in business, economics, finance, or banking, with a strong background in accounting and finance.
Knowledge of GAAP accounting.
High attention to detail.
Ability to prioritize and reprioritize work and deliver work product under tight deadlines.
Good verbal and written communication skills.
Comfort with conflicting views and ability to express a point of view effectively.
Willingness to take ownership of recommendations and balance loan production with an appropriate risk/reward relationship.
Ability to work well with peers, lenders, and superiors.

Nice To Haves

Experience in tax is a bonus.
Bachelor’s degree preferably in business, economics, finance, or banking.

Responsibilities

Review credit packages for completeness and accuracy.
Analyze and spread borrower financial statements to assess cash flow, ratios, and personal and business strengths, and identify issues for further investigation.
Interview and interact with loan principals as needed to answer questions and address concerns.
Prepare narrative credit writeups for approval authorities and make changes as needed.
Complete loan commitment or declination letters and convey decisions to the Business Development Officer and/or borrower.
Work with the closing department on changes to original approvals and review or approval of third-party reports.
Work with the Business Development Officer, closer, and borrower to resolve issues that arise.
Complete transaction spreadsheets and financial analyses.
Prepare credit presentations, credit modifications, loan commitment letters, and other reports.
Present credit requests to the EB&T credit committee as needed.
Review third-party reports, including appraisals and environmental reports, for completeness and accuracy.
Approve invoices for third-party reports ordered.
Complete special projects as required by management.