SBA Senior Credit Officer

Grasshopper Bank•New York, NY

20h•Remote

About The Position

The SBA Senior Credit Officer (SCO) manages SBA credit underwriting, risk decisioning, and oversight in accordance with the SBA Standard Operating Procedure (SOP) and Grasshopper Bank’s credit risk guidelines. The role works routinely with the Head of Commercial Underwriting, Head of SBA Lending, and other bank executives to provide SBA risk oversight and guidance on SOP eligibility and credit risk management. The SBA Department is responsible for government-guaranteed loans and for ensuring that each loan meets SBA SOP due diligence requirements and the bank’s internal credit and diligence standards. The SCO is responsible for SBA loan approvals and credit underwriting oversight, and supports internal and regulatory agency audits to maintain the credit quality of the SBA portfolio and audit compliance. The position also manages credit review compliance and credit analysis functions, monitors portfolio risk, maintains risk-rating processes, oversees relevant external vendors, and serves as a liaison with regulatory authorities during SBA audits and examinations.

Requirements

Bachelor’s degree from a four-year college or university, or a minimum of five years of bank credit department experience, or an equivalent combination of education and experience.
Prior SBA senior credit experience.
5–7 years of direct SBA credit underwriting and credit management, or equivalent experience.
Direct commercial credit decisioning experience.
Strong proficiency in SBA SOP eligibility and regulatory requirements.
Strong proficiency in financial analysis and cash flow modeling.
Strong leadership skills and the ability to mentor and motivate in a team environment.
Experience with complex commercial credit analysis, loan structure, and financial statement analysis.
Follows policies and procedures; supports organizational goals and core values; benefits the organization through outside activities; supports affirmative action and respects diversity.

Nice To Haves

National lending and business acquisition credit experience.
SBA experience in direct commercial credit decisioning.

Responsibilities

Manage the SBA department’s overall credit underwriting to ensure strong credit quality in accordance with bank credit standards and SBA SOP eligibility requirements.
Oversee managerial duties for credit review compliance and credit analysis, including adherence to organizational policies and practices and to SBA and applicable regulatory agency requirements.
Maintain disciplined credit underwriting practices to support strong credit quality and portfolio integrity.
Establish and revise internal SBA credit guidelines as required by SOP updates.
Ensure compliance with bank and SBA policies, practices, regulations, and documentation requirements.
Proactively monitor and manage credit to identify deterioration in credit quality and minimize portfolio loss exposure.
Develop and maintain SBA loan risk-rating processes to ensure loans are properly risk-rated at origination.
Timely inform the Bank CEO, Chief Credit Officer, Chief Risk Officer, and Head of SBA of existing and potential risk issues.
Oversee onboarding, management, and use of outside professional vendors involved in SBA underwriting and risk management.
Provide SBA SOP credit guidance and support to underwriting, closing, and servicing staff.
Manage SBA agency and regulatory audit reviews, seek satisfactory ratings or better, and take corrective action as necessary.
Serve as liaison between the bank and regulatory authorities for SBA audits and examinations.
Research and respond to inquiries from state and federal examiners and internal and external auditors.