SBA Underwriter

Regions Bank•Hoover, AL

7d•Onsite

About The Position

At Regions, the SBA Underwriter provides underwriting support for the Regions SBA Portfolio and serves as a primary evaluation point for SBA loan requests. The role reviews applications against product-specific approval checklists, performs initial eligibility analysis and financial statement spreading, analyzes repayment capacity and financial metrics, and prepares initial Credit Approval Packages. It may also establish frameworks for credit servicing, including ongoing financial-statement, ratio, and performance monitoring; collateral management; and overall SBA loan performance. The position primarily handles complex applications with total credit exposure greater than $350,000, engages in prospective-loan discussions with SBA Bankers, Sales Managers, and Credit Leadership, and may communicate with SBA customers in coordination with those teams. The SBA Underwriter identifies and mitigates application risks and prepares detailed credit memoranda covering proposed terms and conditions, financial and business analysis, and risk mitigation. The role may exercise individual lending authority up to $1,000,000, mentors SBA Underwriters I and II, and assists with administrative functions supporting the department and, when needed, the SBA Underwriting Manager. This is a full-time, exempt position that is not eligible for overtime pay and is eligible for incentive compensation. The position 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 7(a) and 504 underwriting is preferred.

Responsibilities

Review each assigned SBA application after completion of the Pre-Underwriting Review process.
Apply SBA Standard Operating Procedures (SOP) to evaluate loan 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.
Engage 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 properly 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.
Demonstrate working knowledge of department systems.
May exercise individual lending authority up to $1,000,000.
May establish requirements for ongoing financial statement, ratio, or other performance monitoring, collateral management, and overall SBA loan performance.

Benefits

Paid vacation and sick time
401(k) with company match
Medical, dental, and vision benefits
Disability benefits
Health Savings Account
Flexible Spending Account
Life insurance
Parental leave
Employee Assistance Program
Associate Volunteer Program
Discretionary incentive plan; awards may be based on performance against defined metrics and goals