SBA Loan Underwriter II

First Internet Bank; Fishers (IN); Remote; USD 60,000 - 80,000; Full time

Job summary

At First Internet Bank, the SBA Loan Underwriter II plays a vital role in credit risk management. This remote-capable position involves assessing SBA loan requests and ensuring compliance with regulations, working collaboratively with bank teams to facilitate timely loan closure. Our ideal candidate possesses strong analytical skills and a background in commercial credit, aiming to maintain high standards in our lending process.

Benefits

401(k) Retirement Plan with Generous Match

3 Weeks Paid Vacation Plus Paid Holidays

Paid Volunteer Time

Business Apparel Allowance

Professional Development Reimbursement

Medical, Dental, Vision Insurance

Qualifications

• Minimum of three years of relevant SBA lending, portfolio management and/or commercial credit experience required.
• Ability to analyze complex transactions and financial statements.
• Familiarity with SBA requirements and policies.

Responsibilities

• Underwrite SBA loans and ensure compliance with guidelines.
• Analyze borrower's financial data for creditworthiness.
• Collaborate with Business Development Officers and communicate findings.

Skills

Credit Risk Analysis

Financial Analysis

Critical Thinking

Organizational Skills

Team Collaboration

Written Communication

Education

Bachelor's Degree in Finance or related field

Job description

Job Details

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

Salary Range: Undisclosed

About the Position:

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 whoanalyzes 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:

• 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.

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.

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 you what 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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The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c). Click here to read more.