SBA Underwriter

Regions Bank•Hoover, AL

20d•Onsite

About The Position

At Regions, the SBA Underwriter provides underwriting support for the Regions SBA Portfolio. This position serves as the primary evaluation point for SBA loan requests with responsibilities including reviewing applications against approval checklist by product type, completing initial eligibility analysis, financial statement spreading, detailed analysis of repayment capacity and financial metrics, and initial Credit Approval Package preparation. The SBA Underwriter may also provide the initial framework for various credit servicing activities, including establishing requirements for ongoing monitoring of financial statements, ratios or other performance metrics, collateral management, and overall performance of SBA loans.

Requirements

Bachelor's degree in Accounting, Finance, or related field
Seven (7) 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 multi-task
Strong analytical and problem-solving skills
Strong verbal and written communication skills

Responsibilities

Reviews each assigned SBA application following completion of the Pre-Underwriting Review process
Applies knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for accuracy, completeness, and eligibility
Confirms accurate execution of tasks performed by the SBA Underwriter I
Provides mentoring and support for SBA Underwriter I and II
Assists with various administrative functions in support and in absence of the SBA Underwriting Manager
Primarily handles complex applications with total credit exposure greater than $350,000
Frequently engages in pre-flight discussions of prospective loan requests with SBA Bankers, Sales Managers, and Credit Leadership
Performs detailed analysis of financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors
Reviews business and personal credit reports, as well as industry and market data
Periodically engages in direct conversations with Regions SBA loan customers through coordination with SBA Bankers and Credit Leadership
Identifies and properly mitigates all risks associated with each assigned SBA application
Prepares an appropriately detailed credit memorandum outlining terms and conditions for loan closing, summarizing financial and business analysis, and addressing mitigation of all identified risks
Demonstrates excellent working knowledge of all systems utilized by the department
Eligible for individual lending authority up to $1,000,000