SBA Underwriter

Regions Bank•Hoover, AL

9d•$103,364 - $129,060•Onsite

About The Position

At Regions, the SBA Underwriter provides underwriting support for the Regions SBA Portfolio and serves as the primary evaluation point for SBA loan requests. The role reviews applications against product-specific approval checklists, completes initial eligibility analysis and financial statement spreading, analyzes repayment capacity and financial metrics, and prepares initial Credit Approval Packages. It may also establish initial frameworks for credit servicing activities, including ongoing monitoring of financial statements, ratios, other performance metrics, collateral management, and overall SBA loan performance. The position primarily handles complex applications with total credit exposure greater than $350,000 and is eligible for individual lending authority up to $1,000,000. It is exempt from Fair Labor Standards Act timekeeping requirements and is not eligible for overtime pay. The position is incentive eligible and may participate in a discretionary incentive plan based on performance against defined metrics and goals. It is located at the Riverchase Complex North Building in Hoover, Alabama.

Requirements

Bachelor's degree in Accounting, Finance, or a related field.
Seven years of SBA experience, commercial loan underwriting, financial analysis, or portfolio management experience.
Ability to identify and voice issues.
Ability to prioritize and operate with a sense of urgency.
Ability to work collaboratively with multiple stakeholders.
Organized, detail-oriented, and able to multitask.
Strong analytical and problem-solving skills.
Strong verbal and written communication skills.

Nice To Haves

Expertise in SBA 7a and 504 underwriting.

Responsibilities

Review assigned SBA applications after the Pre-Underwriting Review process is complete.
Apply knowledge of SBA Standard Operating Procedures (SOP) to evaluate applications for accuracy, completeness, and eligibility.
Confirm accurate execution of tasks performed by SBA Underwriter I.
Mentor and support SBA Underwriter I and II.
Assist with administrative functions in support of, and in the absence of, the SBA Underwriting Manager.
Primarily handle complex applications with total credit exposure greater than $350,000.
Participate in pre-flight discussions of prospective loan requests with SBA Bankers, Sales Managers, and Credit Leadership.
Analyze financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors.
Review business and personal credit reports, industry data, and market data.
Periodically engage directly with Regions SBA loan customers in coordination with SBA Bankers and Credit Leadership.
Identify and appropriately mitigate risks associated with assigned SBA applications.
Prepare detailed credit memoranda outlining loan closing terms and conditions, summarizing financial and business analysis, and addressing risk mitigation.
Maintain excellent working knowledge of systems used by the department.