SBA Servicing Underwriting & Portfolio Manager
About The Position
Mechanics Bank is currently searching for a SBA Servicing Underwriting & Portfolio Manager to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role will be working on-site in Seattle, Washington. This role is critical in supporting the Bank's SBA lending initiatives by performing in-depth credit analysis and credit risk assessment for assigned loans in the Bank’s SBA portfolio to meet compliance with SBA guidelines and Mechanics Bank credit policies and procedures. This position requires expertise in SBA loan programs (7(a), 504, SBA Express), cash flow analysis, evaluating financials statements, business and personal tax returns analysis, covenant compliance monitoring and understanding legal rights of Lender under the loan documents. What you will do: Portfolio Management: Own full management of assigned SBA loans portfolio. Correspond with/contact Borrowers directly on a regular basis to discuss all issues. Analyze and complete spreads from financial statements, tax returns, and cash flow analysis for existing SBA loans. Ensure adherence to SBA SOPs, internal credit policies and regulatory requirements. Credit Risk Management: Perform in annual loan reviews to determine the appropriate risk rating of the portfolio. Monitoring credit risk based on financial statement analysis and covenant compliance. Prepare detailed credit memoranda with risk rating assessments and recommendations. Monitor borrower performance, payment delinquencies, and help identify potential credit risks. Prepare and mail out letters requesting financials, notifying loan defaults (NODs), etc. for credit risk management. Support portfolio management and reporting activities: Review tickler reports and follow up with borrowers to obtain outstanding financial conditions. Request for waivers with supporting documentations for financial conditions and/or covenant violations. Assist with watch and problem loan reports to develop problem loan credit solutions. Review and analyze any third-party exhibits such as appraisals, environmental questionnaires/Phase I & II reports, legal documents such as business organization documents, UCC lien searches, title reports, credit reports, etc. When appropriate, assist in the liquidation process ensuring that the government guarantee is protected and collaborate with and provide support to the Bank’s assigned special assets team. Other duties as assigned
Requirements
- High school diploma or GED is required.
- Minimum of 5 years of experience in SBA and Commercial Loans Underwriting is required.
- Intermediate-level credit analysis skills.
- Adequate math, accounting and finance skills.
- Current and comprehensive knowledge of SBA products and SOPs.
- Excellent written and verbal communication skills.
- Ability to multitask and prioritize.
- Ability to work in a fast paced, production environment with time constraints.
- Self-starter, results and process oriented, collaborative team player.
- Ability to give and take direction.
- Proficient in Word, Excel and commercial credit analysis programs.
- Knowledgeable in loan documentation and real estate and commercial lending vocabulary.
Nice To Haves
- Undergraduate degree in Finance, Business, Accounting, or related field is preferred. Additional experience may be considered in lieu of a degree.
- Knowledge of Servicing and Origination SBA SOPs in force.
- Experience with SBA Liquidation process is a plus.
Responsibilities
- Portfolio Management: Own full management of assigned SBA loans portfolio.
- Correspond with/contact Borrowers directly on a regular basis to discuss all issues.
- Analyze and complete spreads from financial statements, tax returns, and cash flow analysis for existing SBA loans.
- Ensure adherence to SBA SOPs, internal credit policies and regulatory requirements.
- Credit Risk Management: Perform in annual loan reviews to determine the appropriate risk rating of the portfolio.
- Monitoring credit risk based on financial statement analysis and covenant compliance.
- Prepare detailed credit memoranda with risk rating assessments and recommendations.
- Monitor borrower performance, payment delinquencies, and help identify potential credit risks.
- Prepare and mail out letters requesting financials, notifying loan defaults (NODs), etc. for credit risk management.
- Support portfolio management and reporting activities: Review tickler reports and follow up with borrowers to obtain outstanding financial conditions.
- Request for waivers with supporting documentations for financial conditions and/or covenant violations.
- Assist with watch and problem loan reports to develop problem loan credit solutions.
- Review and analyze any third-party exhibits such as appraisals, environmental questionnaires/Phase I & II reports, legal documents such as business organization documents, UCC lien searches, title reports, credit reports, etc.
- When appropriate, assist in the liquidation process ensuring that the government guarantee is protected and collaborate with and provide support to the Bank’s assigned special assets team.
- Other duties as assigned
Benefits
- Medical, prescription, dental, and vision coverage for employees and their eligible family members
- Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
- Health Savings Account with employer contribution
- Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
- 401(k) and Roth 401(k) with company contribution
- 529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
- Supplemental Health plans, Voluntary Legal and Identity Theft Services
- 11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
- Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
High school or GED
Number of Employees
1,001-5,000 employees
