SBA Underwriter/Underwriter, SR

Old National Bank•Eagan, MN

78d

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values. Job Summary The SBA Underwriter performs credit underwriting to support the loan origination process for SBA loans, while adhering to credit risk standards.

Requirements

Bachelors Degree with concentration in Finance, Accounting or Economics and/or H.S. Diploma or GED with equivalent experience
4+ years of experience in one of the following: underwriting, financial analysis or deal structuring in financial services, private banking, corporate/investment banking or capital markets
Competence in formal writing, organizational abilities of material, presentation skills, grammatical structure and accuracy, syntax and vocabulary; an ability to construct coherent sentences and paragraphs; technical financial writing experience is a plus.
Ability to make decisions independently in areas that may not necessarily be clearly defined.
Ability to successfully manage multiple tasks/projects and deadlines in an independent manner.
Strong analytical skills with high attention to detail and accuracy
Demonstrates a strong desire to be an effective member of a team. Characteristics include reliability, accountability, strong interpersonal and communication skills, as well as a willingness to assist others.
6+ years of experience in one of the following: underwriting, financial analysis or deal structuring in financial services, private banking, corporate/investment banking or capital markets
Advanced knowledge of SBA 7a loan documentation and credit collateral procedures desired
Advanced knowledge of SBA Standard Operating Procedures desired
Prior SBA training through National Association of Guaranteed Lending (NAGGL) desired

Nice To Haves

previous SBA experience
depth and breadth of previous or current institution size - the same role for many years or a variety of roles in the same space over a number of years
skills, knowledge, underwriting expertise, previous performance and success factors, proven ability to collaborate to achieve sales targets year over year, education/certification/training (NAGGL desired), length of time in SBA industry as well as familiarity and expertise with in SBA 7a loan documentation and credit collateral procedures and SBA Standard Operating Procedures.

Responsibilities

Underwrites loans with aggregate credit exposure based on complexity limits.
Compiles, analyzes, and documents loan data and credit risk, borrower and property information, and coordinates activity in support of credit approval process.
Investigates credit standards and determines credit worthiness and understands financial statements and reports for specific area of business.
Performs research and analysis related to loan projects, such as industry studies and management reports, when necessary.
Analyzes most complex financial and credit information for larger commercial business or high net worth customer loans according to business unit standards.
Underwrites high net worth loans with higher aggregate credit exposure and may manage a more complex portfolio and customer base.
Negotiates loan provisions, when needed.
Mentors or reviews analysis of less experienced underwriters