SBA Underwriter III

America First Credit Union • Salt Lake City, UT

3d

About The Position

This position is responsible for underwriting, reviewing, analyzing, and understanding business financial performance as part of the SBA loan origination and underwriting process. It spreads, assembles, and accurately analyzes borrower financials. It generates analysis summaries that can be applied to loan underwriting and effectively communicates findings to relevant parties.
Provides in-depth analysis and underwriting of business, commercial and industrial loan applications. Provides in-depth analysis and review of existing commercial loans. Provides high quality and professional service to business members. Supports credit union departments and branches. Works with staff to improve operations. Ensures the accuracy of SBA loan applications submitted for committee approval.

Requirements

• Bachelor’s Degree in Business or related field or equivalent combination of formal training and experience.
• Minimum of 4+ years of direct SBA underwriting experience including 7(a), Express, and 504 loans.
• Understanding of accounting functions, financial statements, and GAAP requirements
• Understanding of business lending functions
• Understanding of credit worthiness
• Understanding of training and development processes
• Understanding of MS Office software applications.
• Excellent communication and interpersonal abilities.
• Excellent phone skills and professional phone etiquette.
• Excellent problem-solving, analysis, and financial skills.
• Proficient in professional writing with strong grammar.
• Strong ability to prioritize tasks and assignments. Highly organized and attentive to detail.
• Highly motivated and able to motivate others.
• Willing to cooperate with and assist others.
• Able to use PC, printer, phones, fax, and business equipment.
• Able to operate required computer applications and software.
• Able to analyze loan documents, financial statements, and other borrower information.
• Able to achieve goals.

Nice To Haves

• Thorough knowledge of Credit Union products, services, policies, and procedures including but not limited to: consumer and residential lending practices.
• Minimum of 2+ years of progressive business or commercial lending experience or minimum of 2+ years of progressive experience in areas where accounting, underwriting, and financial analysis skills were demonstrated.
• Experience reading, dissecting, and interpreting financial statements.
• Experience underwriting business credit, identifying risk, and mitigating risk.
• Experience underwriting complex deal structures with multiple entities, guarantors, and sources of cash flow.

Responsibilities

• Responsible for the underwriting, analysis and evaluation of SBA loan applications per credit union policy, procedure, and industry standards.
• Responsible for underwriting SBA 7(a) and 504 loans according to the SBA’s effective Standard Operating Procedure (SOP).
• Responsible for establishing and maintaining effective coordination and communication with credit union personnel and with management.
• Responsible for related duties as required or assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees