SBA Underwriter
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 approval checklists by product type, completes initial eligibility analyses and financial statement spreads, conducts detailed analyses of repayment capacity and financial metrics, and prepares initial Credit Approval Packages. The position may also establish an initial framework for credit servicing activities, including ongoing monitoring requirements for financial statements, ratios, other performance metrics, collateral management, and overall SBA loan performance. The role primarily handles applications with total credit exposure greater than $350,000 and is eligible for individual lending authority up to $750,000. The position is incentive eligible and exempt from timekeeping requirements under the Fair Labor Standards Act, so it is not eligible for overtime pay. The position may be filled at a higher level depending on the candidate’s qualifications and relevant experience. It is based at the Riverchase Complex North Building in Hoover, Alabama.
Requirements
- Bachelor's degree in Accounting, Finance, or a related field.
- Five 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.
Responsibilities
- Review each assigned SBA application after completion of the Pre-Underwriting Review process.
- Apply knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for accuracy, completeness, and eligibility.
- Confirm accurate execution of tasks performed by SBA Underwriter I.
- Provide mentoring and support for SBA Underwriter I and II.
- Primarily handle applications with total credit exposure greater than $350,000.
- Periodically 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.
- Identify and properly mitigate risks associated with assigned SBA applications.
- Prepare detailed credit memoranda outlining loan closing terms and conditions, summarizing financial and business analyses, and addressing mitigation of identified risks.
- Maintain excellent working knowledge of all systems utilized by the department.
- Establish initial frameworks for credit servicing activities, including ongoing financial statement, ratio, performance metric, collateral, and loan performance monitoring requirements, as applicable.
Benefits
- Paid vacation and sick time
- 401(k) with company match
- Medical benefits
- Dental benefits
- Vision benefits
- Disability benefits
- Health Savings Account
- Flexible Spending Account
- Life insurance
- Parental leave
- Employee Assistance Program
- Associate Volunteer Program
- Discretionary incentive plan with potential awards based on performance against defined metrics and goals
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What This Job Offers
Job Type
Full-time
Career Level
Senior
