SBA Underwriter: Credit Analysis & Lending Authority

Regions Bank; Birmingham (AL); On-site; USD 81,000 - 103,000; Full time

Benefits offered by this job

Paid Vacation/Sick Time

401K with Company Match

Medical benefits

Job summary

Regions Bank is hiring an SBA Underwriter to provide underwriting support for the SBA Portfolio. The role evaluates loan requests against approval checklists, performs initial eligibility analysis, spreads financial statements, analyzes repayment capacity, and prepares Credit Approval Packages.

The position may mentor SBA Underwriter I/II and handles higher exposure loans. The candidate should have a Bachelor's in Accounting or Finance and at least five years of SBA/commercial lending

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• Five (5) years of SBA experience, commercial loan underwriting, financial analysis or portfolio management experience.

Responsibilities

• Reviews each assigned SBA application following completion of the Pre-Underwriting Review process.
• Applies knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for accuracy, completeness, and eligibility.
• Confirms accurate execution of tasks performed by SBA Underwriter I
• Provides mentoring and support for SBA Underwriter I and II
• Prepares an appropriately detailed credit memorandum outlining terms and conditions for loan closing, summarizing financial and business analysis, and addressing mitigation of all identified risks
• Eligibility for individual lending authority up to $750,000

Skills

Identify issues

Stakeholder collaboration

Analytical skills

Communication skills

Education

Bachelor's degree in Accounting, Finance, or related field

Job description

Regions Bank is hiring an SBA Underwriter to provide underwriting support for the SBA Portfolio. The role evaluates loan requests against approval checklists, performs initial eligibility analysis, spreads financial statements, analyzes repayment capacity, and prepares Credit Approval Packages.

The position may mentor SBA Underwriter I/II and handles higher exposure loans. The candidate should have a Bachelor's in Accounting or Finance and at least five years of SBA/commercial lending