SBA Underwriter I (26-77)

The Adam Corporation Group•Raleigh, NC

6d•Onsite

About The Position

This role involves preparing in-depth credit analyses for SBA 7a, 504, and Express loans. The underwriter will assess commercial creditworthiness and ensure compliance with SBA eligibility requirements, specifically the SBA Standard Operating Procedures (SOP).

Requirements

Bachelor's Degree in Business, Finance, Accounting, or related discipline.
Formal Bank Commercial Credit training or equivalent classes offered by third-party providers (RMA, ABA, banking associations, NAGGL, etc.).
5 to 10 years of banking/credit experience.
3 to 4 years of SBA credit analysis experience.
Strong understanding of SBA SOP eligibility requirements.
Knowledgeable of computer systems including word processing, databases, and Excel.
Experience with credit analysis software.
Knowledgeable in financial institution operating policies and procedures and banking regulations, state and federal.

Nice To Haves

Demonstrated skills in the analysis of business and individual financial statements, tax returns, and cash flow.
Working knowledge of all applicable Bank products and services.
Excellent problem-solving skills and good process facilitation.
Detail-oriented, with good organizational, interpersonal, communication, and writing skills.

Responsibilities

Perform Small Business Administration (SBA) audit quality review and approval of loan application and submission documentation (912, citizenship, ownership, and other eligibility) for compliance with SBA, 7a, 504, and bank credit standards, and feasibility of the proposed transaction.
Utilize appropriate checklists and file system tools, communicate deficiencies with the team, and issue letters to drive the underwriting process.
Determine loan requests' eligibility based on the bank's policy and guidelines, as well as the SBA's SOP.
Structure transactions to meet the bank's guidelines and the appropriate SBA loan program.
Communicate with Business Development Officers, internal team members, and others as appropriate.
Prepare detailed financial analyses of the borrowing entity, corporate guarantors/affiliates, and principals.
Obtain, review, and approve credit reports, Lexis Nexis reports, and other documentation for accuracy, compliance, and acceptability for SBA guaranty and bank compliance with regulators.
Generate a written Credit Approval Memorandum reflecting a full underwriting of the proposed transaction meeting SBA/bank standards for approval, including financial statement analysis, industry/business/demographics/management/competition descriptions, SBA compliance, and loan request conformance to credit policy and bank guidance lines.
Assemble credit committee packages and work with management for presentation to the Sr. SBA Credit Administrator or loan committee.
Review and approve third-party reports including commercial and residential appraisals, environment reports, business valuations, and equipment appraisals in accordance with bank's/SBA standards.
Work with the closing department to facilitate loan closings and handle credit-related issues.
Prepare timely modifications to complete the loan closing process, confirming necessary approvals are in place.
Assist with annual reviews of existing SBA 7a loans as assigned.
Complete a monthly work log for submission to the Sr. SBA Credit Administrator for deal tracking and production monitoring.
Perform other tasks and assist in projects as needed.