SBA Credit Underwriter

Banesco USA; Saint Petersburg (FL); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Paid Time-Off

Tuition Reimbursement

Paid Parental Leave

Medical Insurance

Dental Insurance

Vision Insurance

401k

Life Insurance

Supplemental Insurances

Disability Benefits

Job summary

Banesco USA seeks an SBA Credit Underwriter to join our SBA Credit Business Unit in Florida. You will analyze SBA loan requests (7(a)), prepare detailed credit memorandums, and help structure loans to maximize government guarantees while controlling risk.

Responsibilities include underwriting commercial real estate and business loans, performing cash flow analyses, and ensuring adherence to the Bank's Credit Policy and SBA processing requirements.

Qualifications

• Bachelor’s degree in business and/or Finance or equivalent experience.
• 1–3 years of experience in banking as a Credit Underwriter with SBA 7(a), C&I, CRE, and ABL lending focus.
• Knowledge of SBA SOP, eligibility requirements, and E-Tran logic.
• Advanced underwriting knowledge of commercial real estate and commercial & industrial loans, including SBA loans and asset-based lending.

Responsibilities

• Perform eligibility analysis for SBA loan requests per SOP 50 10 and prepare comprehensive SBA credit memorandums.
• Assist in structuring SBA loans to maximize the government guarantee while mitigating risk to the Bank.
• Underwrite new and existing commercial real estate loans, including complex requests, assessing financial condition and repayment capacity.
• Underwrite new and existing business loans, including complex requests, assessing operating performance and repayment capacity.
• Perform financial analysis, projections and industry analysis.
• Gather timely information from lending officers and other bank officers.
• Ensure compliance with the Bank’s Credit Policy and SBA processing requirements.
• Complete annual training and perform other duties as assigned.

Education

Bachelor’s degree in business and/or Finance or equivalent experience

Job description

Banesco USA is seeking an SBA Credit Underwriter for our SBA Credit Business Unit.

Primary Job Duties

• Perform eligibility analysis for SBA loan requests 7(a) to ensure compliance with current SBA Standard Operating Procedures (SOP 50 10).
• Prepare comprehensive SBA credit memorandums that address specific SBA requirements, including business valuation analysis, equity injection verification, and refinance eligibility.
• Assist in the structuring of SBA loans to maximize the government guarantee while mitigating risk to the Bank.
• Perform underwriting of new and existing commercial real estate loans, mostly for complex requests, to assess the financial condition, repayment capacity, and risks associated with the transaction.
• Perform real estate cash flow analysis, global cash flow analysis, and assess the financial condition of guarantors of such transactions.
• Perform underwriting of new and existing business loans, mostly for complex requests, to assess the financial condition, operating performance, and repayment capacity of such loans.
• Perform financial analysis, projections and industry analysis.
• Responsible for obtaining the necessary information in a timely manner from lending officers and other officers of the bank.
• Responsible for complying and adhering to the Bank’s Credit Policy and SBA processing requirements.
• Responsible for completing the annual training program assigned.
• Performs other functions and/or duties as assigned.

Job Requirements

• Education: Bachelor’s degree in business and/or Finance or equivalent experience.
• Experience: One (1) to Three (3) years of experience in the Banking industry as a Credit Underwriter with a preferred specific focus on SBA 7a, C&I, CRE, and ABL lending.
• SBA Knowledge: Demonstrated knowledge of SBA Standard Operating Procedures (SOP), eligibility requirements, and E-Tran logic preferred.
• Advanced underwriting knowledge of commercial real estate and commercial and industrial loans, as well as specialized loans which include but are not limited to SBA loans, Asset Based Loans, Construction Loans, etc.

Benefits

• Paid Time-Off.
• Tuition reimbursement.
• Paid parental leave.
• Medical, Dental, Vision
• 401k
• Life Insurance
• Supplemental Insurances
• Short-Term & Long-Term Disability Benefits