SBA Loan Underwriter II

First Internet Bank; Fishers (IN); Remote; USD 60,000 - 100,000; Full time

Job summary

An innovative bank is seeking a skilled SBA Loan Underwriter II to join their dynamic team. In this role, you'll play a crucial part in the bank's Credit Risk Management by evaluating the financial health of potential borrowers and determining the risk associated with loan approvals. You'll work closely with management and lending teams to ensure compliance with SBA requirements while also mentoring junior staff. This forward-thinking institution offers a collaborative environment where your contributions will directly impact the bank's success. If you're ready to take the next step in your career and make a difference, this opportunity is for you.

Benefits

Medical, Dental, Vision Insurance

401(k) Retirement Plan with Generous Match

Professional Development Reimbursement

3 Weeks Paid Vacation Plus Paid Holidays

Paid Volunteer Time

Business Apparel Allowance

Onsite fitness center

Free snacks and drinks

Social events

Open air deck

Qualifications

• Minimum 3 years of SBA lending or commercial credit experience required.
• Strong understanding of financial statements and credit risk assessment.

Responsibilities

• Underwrite SBA loans and ensure compliance with guidelines.
• Analyze financial data to assess borrower creditworthiness.

Skills

SBA lending experience

Credit analysis

Financial statement analysis

Risk assessment

Communication skills

Organizational skills

Critical thinking

Education

Bachelor's degree in Finance or related field

Tools

Financial analysis software

Microsoft Office Suite

Job description

Job Details

Job Location: Remote Opportunity Available or Fishers, IN - Fishers, IN

Salary Range: Undisclosed

About the Role:

As the SBA Loan Underwriter II you will provide the initial step in the bank’s overall Credit Risk Management process over the SBA loan portfolio. You will be a financial expert who analyzes the financial condition of prospective SBA borrowers and assesses how much risk First IB will be assuming if a decision is made to approve a loan request. More specifically, you will evaluate credit history, assets, liabilities, cash flows and other factors to determine a borrower’s ability to pay back a loan request. You will work closely with bank management and other members of the SBA lending function to ensure that loans meet SBA requirements and close in a timely manner.

What You Will Do:

• Underwrite primarily SBA 7(a) loans, Express Loans, and 504 loans up to program maximums for a lender possessing a national lending footprint.
• Ensure request meets both SBA SOP requirement and Bank Credit Policy/Guidelines.
• Maintain up to date knowledge of current SOP requirements through continuous learning individually and through NAGGL and/or other outlets.
• Present credit write-ups in a concise, consistent, organized fashion, fully supported with proper justification/rationale.
• Use critical thinking skills/research to provide recommendations for credit decisions.
• Collect, spread, analyze and evaluate financial and related data to determine credit worthiness of prospective or existing borrowers in adherence with First Internet Bank Credit Guidelines/Policy and SBA SOP requirements.
• Perform financial analysis including pro-forma balance sheet analysis, working capital adequacy, leverage positions, collateral shortfall, ratio analysis, etc.
• Perform joint calls with Business Development Officers (BDOs) and prospective Borrowers to answer any questions and gain understanding of the proposed transaction.
• Notify Borrower and/or BDOs of underwriting decisions, underwriting requirements, current status, and declinations. Negotiate with Borrower/BDOs to reach positive solution for both Bank and Borrower.
• Prepare Commitment Letters in adherence to loan conditions once loan has been approved.
• Review third party reports including appraisals, business valuations, RSRAs, and Phase I/II environmental reports to ensure consistency with approval requirements.
• Analyze and craft solutions to accommodate changes to the SBA loan request on a post-approval basis via change memos.
• Assist in preparing for periodic portfolio reviews conducted by regulatory agencies, loan review and internal audit.
• Prepare draft responses to audits, reviews and regulatory exam reports as requested.
• Mentor and assist in training new or junior staff.
• Perform other duties/projects as assigned.

What We're Looking For:

• A minimum of three years of relevant SBA lending, portfolio management and/or commercial credit experience required, or minimum of two years of SBA underwriting experience within a fast-paced SBA 7(a) lending program.
• Full knowledge of current SBA SOP.
• Ability to understand and analyze complex transactions.
• Ability to understand and analyze both historic and projected financial statements.
• Capability of working effectively under limited supervision.
• Good organizational skills.
• Thorough understanding of financial statement preparation and content.
• Strong PC, Internet and administrative skills.
• Ability to work in a team environment.
• Ability to work in a fast-paced environment that may require occasional work beyond normal working hours.
• Excellent written and verbal communication skills.

Working Conditions/Demands:

• Professional office setting.
• Primarily sedentary position requiring long periods of time working at a computer.
• Must be able to move throughout the office and buildings to obtain or relay information.
• Must be able to perform the essential functions of the position with or without reasonable accommodation.
• Remote working conditions may be permitted for qualified candidates.

Who Are We?

We’re not just another bank and we’re not looking for just another employee. Since 1999, First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes, we really were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since.

We seek the game changers, the innovators…those who challenge the status quo because change really is the only constant. Ready to join a team of imaginative, driven individuals like you? It’s your career, you deserve to imagine more. Keep reading, we think you will like what you see.

Why Join Us?

Our success has been driven, in part, by four core competencies – customer focus, teamwork, adaptability and initiative. Collectively they define our actions and are at the heart of all we do. As a result, we’ve been fortunate to have been named numerous times as an Indianapolis Star Top Workplace and one of the Best Banks to Work For! Headquartered in downtown Fishers, our newly-built, state-of-the-art 175,000 square foot facility headquarters was designed with our team in mind and features an 18,000 square foot open air deck named “The Backyard”, with fire pits, covered pergola, waterfall and foliage to create a momentary escape from the work day. Beyond that, the onsite fitness center with the latest equipment and ergonomically-designed workstations help promote health and wellness. Have we mentioned free snacks, soft drinks and beer available on tap? Want more? How about unlimited volunteer time off and social events to bring us all together to have some more. Why just imagine more, take the “first” step and apply today.

Our benefits package includes the following and so much more:

• Medical Dental, Vision Insurance
• 401(k) Retirement Plan with Generous Match
• Professional Development Reimbursement
• 3 Weeks Paid Vacation Plus Paid Holidays
• Paid Volunteer Time
• Business Apparel Allowance

Equal Opportunity Employer - Women, Minorities, Veterans and Individuals with Disabilities

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