SBA Underwriter III

American Momentum Bank; Tampa (FL); On-site; USD 90,000 - 150,000; Full time

Job summary

American Momentum Bank seeks a seasoned professional to prepare in-depth SBA credit analyses for 7a, 504 and Express loans, ensuring underwriting aligns with SBA SOP and bank policies.

You will perform audit-quality reviews, structure transactions, and assemble committee materials, coordinating with management and business development officers to drive timely loan approvals and compliance.

Qualifications

• Bachelor's degree required in business/finance/accounting or related field.
• 10+ years banking/credit experience with 4+ years SBA credit analysis experience.
• Strong understanding of SBA SOP eligibility requirements.
• Knowledgeable of computer systems including word processing, databases, and Excel.

Responsibilities

• Perform SBA audit quality review and approval of loan applications and documentation during underwriting.
• Structure transactions to meet bank and SBA program guidelines.
• Prepare detailed financial analyses of borrowing entities and guarantors.
• Review third-party reports for accuracy and compliance with SBA standards.
• Assemble credit committee packages and present to Sr. SBA Credit Administrator.
• Assist in annual reviews of existing SBA 7a loans as assigned.

Skills

Credit analysis

Financial analysis

SBA knowledge

Regulatory compliance

Communication

Problem-solving

Writing

Organizational skills

Education

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

Tools

Excel

Credit analysis software

Job description

Summary: Prepares written in-depth credit analysis for SBA 7a, 504 and Express loans by underwriting the basics of commercial credit worthiness and complying with 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 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 team and issue appropriate letters and communications to drive the underwriting process. Work with management to handle more complex issues as needed.

Determines loan request's eligibility in terms of the bank's policy and guidelines as well as the SBA's SOP. Structure transactions in order to meet 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 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 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.).
• 10+ years banking/credit experience with 4+ years 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-facilitating.

• Detail oriented, good organizational, interpersonal, communications and writing skills.