SBA Credit Underwriter II — Strategy & Risk

Bank of America; Charlotte (NC); On-site; USD 92,000 - 150,000; Full time

Benefits offered by this job

Benefits eligible

Annual discretionary bonus

Job summary

Bank of America is seeking a Specialty Channel Underwriter to underwrite and approve SBA credit requests for small business clients in a dynamic, high-volume banking environment.

The role demands strong underwriting discipline, financial analysis, and collaboration with relationship managers to deliver compliant SBA solutions. On-site 1st shift in the United States with comprehensive benefits offered.

Qualifications

• Minimum of 5 years of commercial underwriting and credit analysis (Business Banking, Middle Market, Leveraged Finance, etc.)
• Minimum of 2 years of SBA lending experience preferred
• Formal commercial credit training or equivalent work experience
• Industry knowledge across multiple sectors
• Prior experience in a high volume production environment
• Superior teamwork skills in the commercial market space
• Strong communication skills; ability to communicate vertically, horizontally, and externally

Responsibilities

• Analyze, underwrite, and approve credit solutions for existing and new clients; approve SBA requests in accordance with applicable credit approval grid
• Conduct credit analysis including financial spreads, risk rating scorecards, industry assessment, business and personal cash flow; complete Credit Approval documentation
• Evaluate credit worthiness and provide analysis and decisioning on whether a client should be approved for an SBA credit facility
• Ensure underwriting complies with Bank credit policy and procedures and Small Business Administration SOP
• Partner with Relationship Managers, Solution Advisors, Commercial Business Development Officers and Risk teammates to assess and deliver SBA credit solutions
• Ensure data quality of credit related client and deal information
• Mentor and assist junior team members as applicable

Skills

Attention to Detail

Credit & Risk Assessment

Financial Analysis

Underwriting

Written Communications

Analytical Thinking

Credit Documentation

Financial Forecasting

Recording Information

Business Acumen

Collaboration

Collateral Management

Loan Structuring

Prioritization

Education

Bachelor’s degree or equivalent (business admin/finance/economics)

High School Diploma / GED / Secondary School or equivalent

Job description

Bank of America is seeking a Specialty Channel Underwriter to underwrite and approve SBA credit requests for small business clients in a dynamic, high-volume banking environment.

The role demands strong underwriting discipline, financial analysis, and collaboration with relationship managers to deliver compliant SBA solutions. On-site 1st shift in the United States with comprehensive benefits offered.