SBA Lead Underwriter

Fifth Third Bank; United States; Remote; USD 82,000 - 173,000; Full time

Benefits offered by this job

Incentive compensation plan

Comprehensive benefits

Job summary

Fifth Third Bank is seeking an SBA Lead Underwriter to review and decide on small business loan requests within authorized limits. You will guide junior underwriters, model deals with relationship managers, and ensure SBA policy compliance while coordinating with legal and credit teams.

Required are 7 years total experience with 4–6 in underwriting/origination in banking, plus SBA SOP knowledge and strong communication skills. Flexible, virtual Ohio-based role with a base salary range.

Qualifications

• 7 years total work experience with 4–6 years underwriting/credit/origination in banking.
• Thorough knowledge of SBA SOP 50-10-8.1 and related guidelines.
• Proficient with MS Word, Excel, Outlook; strong written and verbal communication.

Responsibilities

• Underwrite SBA loan requests focusing on new money to new borrowers.
• Collaborate with relationship managers on deal review, modeling and structuring.
• Coordinate with RM, Credit and other teams for deal pre-clearance and approvals.
• Gather due diligence information from customers and third parties as needed.
• Prepare credit approval documents and change in terms analyses.
• Develop training material for SBA lending and ensure policy compliance.
• Oversee post-closing items and assist with deal amendments and restructurings.
• Participate in special projects and provide guidance to junior staff.

Skills

SBA underwriting knowledge

Analytical skills

Communication skills

Attention to detail

Organization

Microsoft Excel

Microsoft Word

Outlook

Education

Bachelor's in Accounting/Finance/Economics or equivalent experience

Tools

nCino

CLAS/LaserPro

SBA SOP 50-10-8.1

Excel (Advanced)

Job description

Make banking a Fifth Third better®

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION

Review and decision small business loan requests within approved loan authority. Assist junior loan underwriters through the loan decision process, offering expertise on financial analysis and loan structuring.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank*s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

DUTIES AND RESPONSIBILITIES

• Underwriting focus on new money to new borrowers to the bank.
• Work in cooperation with relationship managers with initial deal review, modeling, and structuring.
• Work in cooperation with RM's with deal pre-clearance within the Structured Finance Group, Credit, Capital Markets/Syndications, and other constituents.
• Work in cooperation with RM's, customers/prospects, and third-party providers to order, obtain and ascertain due diligence information as required.
• Utilize and analyze all available resources to prepare the credit approval document, Change in terms.
• Coordinate with the RM and Credit to obtain the proper credit approval.
• Develop training and education guidelines for SBA lending.
• Oversee adherence to SBA credit and eligibility policies, ensuring compliance with government regulations and the SBA guaranty.
• Maintain an in-depth working knowledge of all SBA products and services and ensure that the Business Banking leadership team and market leaders are alert to new developments or modifications of the SBA program as published by the SBA Center Office in Washington, DC.
• Engage and manage legal counsel and negotiate legal documentation in conjunction with RM.
• Complete and manage the closing, funding, and booking process in cooperation with the Funding Desk and Credit Collateral Operations.
• Complete internal and external post-closing items.
• Complete the underwriting process for deal amendments and restructurings.
• Complete special projects and assignments as requested.

SUPERVISORY RESPONSIBILITIES

• May provide direct leadership and supervision to junior underwriters, credit analysts, and/or leadership program participants.

KNOWLEDGE & SKILLS REQUIRED

• College degree in accounting, finance, or economics or equivalent industry experience required.
• Total work experience of 7 years including 4 to 6 years of underwriting, credit, or originations experience preferable in the banking or investment banking industry.
• Thorough working knowledge of SBA SOP 50-10-8.1 and other SOP program guides.
• Excellent knowledge of B2B, CCAS, nCino, AFS, Appraisal systems, CLAS/LaserPro Loan Doc Prep Systems (or equivalent vendor systems), and other banking systems preferred.
• Must be proficient in basic software applications such as Microsoft Word, Excel, Outlook, and Internet Explorer. Advanced skills in Microsoft Excel a plus.
• Must be attentive to detail and possess excellent verbal and written communication skills.
• Must be highly organized and able to manage several detailed tasks and processes concurrently.

SBA Lead Underwriter

Total Base Pay Range 82,100.00 - 172,500.00 USD Annual

LOCATION

Virtual, Ohio 00000

Benefits

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, physical, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with our talent acquisition partner.