SBA Underwriter

Regions Bank•Hoover, AL

9d•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. The underwriter may also establish an initial framework for credit servicing activities, including requirements for ongoing financial statement, ratio, and performance monitoring, collateral management, and overall SBA loan performance. The position primarily handles applications with total credit exposure greater than $350,000 and is eligible for individual lending authority up to $750,000. It may be filled at a higher level depending on the candidate’s qualifications and relevant experience. This is a full-time, incentive-eligible, exempt position that is not eligible for overtime pay.

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 engage in pre-flight discussions of prospective loan requests with SBA Bankers, Sales Managers, and Credit Leadership.
Perform detailed analysis of financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors.
Review business and personal credit reports, as well as industry and market data.
Identify and properly mitigate risks associated with each assigned SBA application.
Prepare detailed credit memoranda outlining loan closing terms and conditions, summarizing financial and business analysis, and addressing mitigation of identified risks.
Demonstrate working knowledge of all systems utilized by the department.
Provide an initial framework for credit servicing activities, including ongoing monitoring requirements, collateral management, and overall SBA loan performance, as applicable.