SBA Underwriter

ThinkingAhead Executive Search; United States; On-site; USD 90,000 - 143,000; Full time

Job summary

A leading company in the banking sector is seeking an SBA Underwriter to assist lenders with loan requests. The role involves analyzing creditworthiness, reviewing financial documents, and ensuring compliance with SBA guidelines. Ideal candidates will have significant underwriting experience and strong analytical skills.

Qualifications

• Minimum 6 years of processing/servicing experience.
• Minimum of 3 years of commercial/SBA underwriting experience.
• Underwriting experience of loan amounts $2MM or higher.

Responsibilities

• Prepare, review, and analyze the creditworthiness of loan applicants.
• Provide subject matter expertise on SBA guidelines for loan structure.
• Assess collateral adequacy and apply SBA liquidation percentages.

Skills

Strong verbal and written communication skills

Proactive problem solver

Organized and detail-oriented

Strong computer skills

Understanding of credit lending

Education

Bachelor’s degree in finance or accounting

Job description

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The SBA Underwriter will assist the lender with their SBA Loan request by preparing a pre-assessment for eligibility, borrower checklist, lender checklist, document collection, spreading the tax returns and other financial documents, and preparing a Credit Summary for SBA Eligibility. The Credit Summary for SBA Eligibility is written in compliance with the SBA SOP and loan policy and guidelines.

Position Responsibilities

1. Prepare, review, and analyze the creditworthiness of loan applicants.
2. Provide subject matter expertise on SBA guidelines for loan structure, rate, and term.
3. Review various financial documents and budgets related to loan requests.
4. Assess collateral adequacy and apply SBA liquidation percentages.
5. Discuss business overview, including description, history, and market analysis.
6. Spread historical and projected financial documents to determine cash flow and repayment.
7. Analyze personal financial statements, tax returns, and credit reports of principals and guarantors.
8. Prepare global cash flow and rate sensitivity spreads.
9. Work with the underwriting team to improve processes and ensure smooth hand-offs.
10. A bachelor’s degree in finance or accounting or related area; or equivalent relevant experience.
11. Minimum 6 years of processing/servicing experience.
12. Minimum of 3 years of commercial/SBA underwriting experience.
13. Underwriting experience of loan amounts $2MM or higher.
14. Recent underwriting experience in a high-volume environment with full knowledge of lending requirements, regulations, and procedures for conventional, SBA, and USDA loan programs.

Technical Knowledge and Skills

1. Strong verbal and written communication skills.
2. Proactive problem solver, creative thinker, efficient, and effective at meeting deadlines.
3. Organized and detail-oriented.
4. Strong computer skills, including office software; knowledge of computer systems related to commercial lending preferred.
5. Understanding of credit lending for various loan types and participations.
6. Industry knowledge with understanding of lending policies, procedures, and regulations.
7. Understanding of servicing data reports.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Accounting/Auditing, Finance, and Analyst

Industries

• Banking

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