SBA Loan Underwriter III

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

Job summary

Join an innovative bank as an SBA Loan Underwriter III, where you'll play a pivotal role in managing credit risk for SBA loans. In this remote opportunity, you'll analyze financial conditions, underwrite loans, and ensure compliance with SBA requirements. Your expertise will be essential in evaluating borrowers' repayment abilities and collaborating with the lending team. This forward-thinking institution values creativity and initiative, offering a supportive environment for professional growth. If you're ready to make an impact and advance your career in a dynamic setting, this role is perfect for you.

Benefits

Comprehensive Health Insurance

401(k) with Match

Paid Time Off

Professional Development

Qualifications

• 5+ years of SBA lending or credit experience.
• Ability to analyze complex transactions and financial statements.

Responsibilities

• Underwrite SBA loans and ensure compliance with SBA SOP.
• Analyze financial data to evaluate creditworthiness and recommend decisions.
• Mentor junior staff and prepare loan commitment letters.

Skills

SBA Lending Experience

Credit Analysis

Financial Statement Analysis

Organizational Skills

Communication Skills

Job description

Job Details

Job Location: Remote Opportunity Available or Fishers, IN

Salary Range: Undisclosed

About the Role:

As an SBA Loan Underwriter III, you will play a crucial role in the bank’s Credit Risk Management process for the SBA loan portfolio. You will analyze the financial condition of prospective SBA borrowers, assessing risks and ensuring loans meet SBA requirements for timely closing. Your expertise will help determine the borrower's ability to repay loans, working closely with bank management and the SBA lending team.

What You Will Do:

• Underwrite SBA 7(a), Express, and 504 loans up to program maximums.
• Ensure requests comply with SBA SOP and Bank Credit Policies.
• Stay updated on SOP requirements through continuous learning.
• Present clear, organized credit write-ups with proper support.
• Use critical thinking to recommend credit decisions.
• Analyze financial data to evaluate creditworthiness.
• Perform financial analyses like balance sheets, ratios, and collateral assessments.
• Conduct joint calls with BDOs and borrowers.
• Communicate underwriting decisions and negotiate terms.
• Prepare loan commitment letters post-approval.
• Review third-party reports for consistency with approval criteria.
• Manage post-approval changes and assist with audits and reviews.
• Mentor junior staff and perform other duties as assigned.

What We're Looking For:

• At least five years of SBA lending or credit experience, or three years in SBA underwriting within a fast-paced environment.
• Full knowledge of SBA SOP.
• Ability to analyze complex transactions and financial statements.
• Effective working independently and in teams.
• Strong organizational, communication, and PC skills.

Working Conditions/Demands:

• Professional office setting, primarily sedentary work at a computer.
• Ability to move within the office and perform essential functions with or without accommodations.

Who Are We?

Since 1999, First Internet Bank has been a pioneer in online banking, dedicated to innovation and customer service. We seek creative, driven individuals to join our team and help us challenge the status quo.

Why Join Us?

We value customer focus, teamwork, adaptability, and initiative. Our benefits include comprehensive health insurance, 401(k) with match, paid time off, professional development, and more. Join us and imagine more in your career!

Equal Opportunity Employer

We celebrate diversity and are committed to creating an inclusive environment for all employees and applicants.