SBA Underwriter II (26-77)

The Adam Corporation Group; Raleigh (NC); On-site; USD 70,000 - 100,000; Full time

Job summary

The Adam Corporation Group in Raleigh, NC is seeking an SBA Credit Analyst to perform in-depth credit analyses for SBA 7a, 504, and Express loans. You will underwrite the basics of commercial creditworthiness and ensure compliance with SBA SOP eligibility requirements.

The role involves reviewing loan documentation, determining eligibility, preparing financial analyses, and coordinating with cross-functional teams to drive underwriting decisions and loan closings.

Qualifications

• Bachelor's Degree in Business, Finance, Accounting or related discipline.
• Formal Bank Commercial Credit training or equivalent classes.
• 5 to 10 years of banking/credit experience with 3 to 4 years of SBA credit analysis.
• Strong understanding of SBA SOP eligibility requirements.
• Knowledgeable of computer systems including word processing, databases, and Excel.
• Experience with credit analysis software.
• Knowledgeable in financial institution operating policies and banking regulations, state and federal.

Responsibilities

• Performs SBA audit quality review and approval of loan documentation for full compliance with SBA, 7a, 504, and bank credit standards.
• Determines loan eligibility and structures transactions to meet SBA and bank guidelines.
• Communicates with Business Development Officers and team members.
• Prepares detailed financial analyses of borrowing entities and guarantors.
• Obtains and reviews credit reports and other documentation for SBA guaranty and regulatory compliance.
• Generates a Credit Approval Memorandum reflecting full underwriting standards.
• Assembles credit committee packages for approval.
• Reviews third-party reports including appraisals and valuations.
• Assists closing department to facilitate loan closings and modifications as needed.
• Supports annual reviews of existing SBA loans and maintains monthly work logs.
• Performs additional tasks as needed by management.

Skills

SBA credit analysis

Financial statement analysis

Excel

Communication skills

Problem-solving

Education

Bachelor's degree in Business, Finance, Accounting

Tools

Credit analysis software

Banking databases

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Full Time Full-Time Raliegh, NC, US

3 days ago Requisition ID: 5919

North Carolina

Summary: Prepares written in-depth credit analysis for SBA 7a, 504, and Express loans by underwriting the basics of commercial creditworthiness and complying with the eligibility requirements of the SBA SOP.

Job Functions

• Performs Small Business Administration (SBA) audit quality review and approval of loan application and submission documentation (912, citizenship, ownership, and other eligibility) at the time of underwriting for full compliance with SBA, 7a, 504, and bank credit standards, and feasibility of the proposed transaction. Use appropriate checklists and file system tools, communicate any deficiencies with the team, and issue appropriate letters and communications to drive the underwriting process. Work with management to handle more complex issues as needed.


• Determines loan requests' eligibility in terms of the bank's policy and guidelines as well as the SBA's SOP. Structures transactions in order to meet the bank's guidelines and the appropriate SBA loan program.


• Communicates with Business Development Officers, internal team members, and others as appropriate.


• Prepares detailed financial analyses of the borrowing entity, any corporate guarantors and/or affiliates, and principles in the transaction.


• Obtains, reviews, and approves credit reports, Lexis Nexis reports, and other documentation for accuracy, compliance, and acceptability for SBA guaranty and bank compliance with regulators.


• Generates a written Credit Approval Memorandum reflecting a full underwriting of the proposed transaction meeting SBA/bank standards for approval. The completed analysis includes but is not limited to: financial statement analysis; description of the industry, business history, demographics, management experience and competition; SBA compliance; and the loan request's conformance to credit policy, and the bank's guidance lines when applicable.


• Assembles credit committee packages and works with management for presentation to the Sr. SBA Credit Administrator or loan committee for approval as appropriate.


• Reviews and approves third-party reports including commercial and residential appraisals, environment reports, business valuations, and equipment appraisals in accordance with bank's/SBA standards for compliance.


• Works with the closing department to facilitate the closing of loan requests and handle credit-related issues as needed. Prepare timely modifications as needed to complete the loan closing process, confirming approvals are in place (internal, SBA, and committee) when required, and obtain necessary approvals.


• Will assist with annual reviews of existing SBA 7a loans as assigned by the Sr. SBA Credit Administrator.


• Complete a monthly work log for submission to the Sr. SBA Credit Administrator for deal tracking and production monitoring.


• May perform other tasks and assist in projects as needed.

Position Requirements

• Bachelor's Degree in Business, Finance, Accounting, or related discipline.


• Formal Bank Commercial Credit training or equivalent classes offered by third-party providers (RMA, ABA, banking associations, NAGGL, etc.).


• 5 to 10 years of banking/credit experience with 3 to 4 years of SBA credit analysis experience.


• Strong understanding of SBA SOP eligibility requirements.


• Knowledgeable of computer systems including word processing, databases, and Excel.


• Experience with credit analysis software.


• Knowledgeable in financial institution operating policies and procedures and banking regulations, state and federal.

Key Qualifications

• Demonstrated skills in the analysis of business and individual financial statements, tax returns, and cash flow.


• Working knowledge of all applicable Bank products and services.


• Excellent problem-solving skills and good process facilitation.


• Detail-oriented, with good organizational, interpersonal, communication, and writing skills.