Senior Credit Analyst, SBA

Milestone Bank; Troy (MI); On-site; USD 90,000 - 130,000; Full time

Job summary

Milestone Bank seeks a Senior SBA Credit Analyst to assess creditworthiness of commercial credits and make decisions on debt obligations. The role emphasizes underwriting SBA 7(a) and 504 loans, with due diligence and accurate data handling in a remote setting.

The candidate will analyze financial statements and use third-party data to determine risk, while ensuring compliance with bank policies and effective communication with sales and departments.

Qualifications

• Bachelor’s degree in Accounting, Economics, Finance, Statistics, or Mathematics preferred.
• Total work experience of 6 years including 4 to 5 years of underwriting and credit experience in the SBA industry.
• Proficient in basic software applications such as Microsoft Word, Excel, Outlook, and Internet.

Responsibilities

• Underwrite SBA 7(a) and SBA 504 loan files with complex structures.
• Perform due diligence on prospective and existing customers.
• Enter, update, and retrieve data for credit applications.
• Review and decide small business loan requests within approved loan authority.
• Maintain turnaround time in a fast-paced environment and multi-task.

Skills

SBA underwriting

Credit analysis

Financial statement analysis

Communication skills

Education

Bachelor's degree in Accounting/Finance

6+ years SBA underwriting/credit

Tools

Excel

Word

Outlook

Job description

The Senior SBA Credit Analyst will review the creditworthiness of commercial credits (businesses and/or individuals) to determine the risk involved in extending credit. This position is the decision maker of whether or not the applicant can fulfill the requested debt obligation(s).

Essential Duties and Responsibilities

The essential functions include, but are not limited to the following:

• Underwrite SBA 7(a) and SBA 504 loan files, with expertise in complex loan structures including, but not limited to change of ownership and construction.
• Perform due diligence on prospective and existing customers.
• Enter, update, and retrieve data for credit applications and ensure accuracy.
• Review and decision small business loan requests within approved loan authority
• Maintain expected turnaround time in a fast-paced environment and the ability to multi-task
• Analyzes credit data and financial statements of individuals or businesses to identify the degree of risk involved in extending credit.
• Ability to determine credit worthiness of applicants and personal guarantors using supporting information, such as Experian, Trans Union, Experian Business, and Paynet. Analyst should have a solid understanding of Experian, Trans Union, Experian Business, and Paynet
• Ensure that applications are in compliance with the organization’s requirements/policies.
• Use various sources, those included and not included in the guidelines, to complete due diligence, which includes but is not limited to, verifying the applicant’s legal business name, place of business, time in business, ownership, etc.
• Take the initiative and be creative in researching and finding information not available through normal sources/channels (e.g. county records, city records, articles, bank references, bank statements, trade references, etc.)
• Process SBA 7(a) and SBA 504 loan files, with expertise in complex loan structures including, but not limited to change of ownership and construction.
• Ability to think outside of the box. Understand, identify, and consider mitigants to items that are not clear-cut or to items that fall short of the guidelines. Analyst to have the confidence and autonomy to make decisions in gray areas.
• Candidate will have approval authority and must maintain confidence and feel comfortable in decision-making. Possess autonomy, and must be able to work and make decisions with minimal supervision. Make independent business decisions and be creative in formulating appropriate solutions (e.g. structure, options, etc.).
• Willingness to provide assistance to sales as well as other departments. Analyst should work closely and effectively with the sales department and documentation to resolve issues with applications or missing information
• Demonstrated success at teaching various skills to junior SBA Credit Analyst including system and computer applications, SBA Underwriting best practices, and collateral requirements
• Maintain an in-depth working knowledge of all SBA products and services and ensure that the Business Banking leadership team and market leaders are alert to new developments or modifications of the SBA
• Complete internal and external post-closing items
• Complete the underwriting process for deal amendments and restructurings
• Complete special projects and assignments as requested
• Ability to interact with the customer when required.
• Adhere to company policies
• Performs other related duties as assigned.

Minimum Qualifications (Knowledge, Skills, and Abilities)

• Bachelor’s degree in Accounting, Economics, Finance, Statistics, or Mathematics preferred. Total work experience of 6 years including 4 to 5 years of underwriting and credit experience in the SBA industry.
• Excellent verbal and written communication skills.
• Must be proficient in basic software applications such as Microsoft Word, Excel, Outlook, and Internet.
• Basic understanding of relevant equipment, policies, procedures, and strategies used in credit analysis.
• Must be attentive to detail and possess excellent verbal and written communication skills
• Must be highly organized and able to manage several detailed tasks and processes concurrently
• Ability to work both in a team environment & independently both virtually and in the office (hybrid structure).

Location

This is a remote position that can report to our Troy, MI, Salt Lake City, UT or Westminster, CO office.

Due to business and compliance requirements, this position is not open to candidates residing in certain states or jurisdictions. At this time, we are unable to consider applicants who reside in California, Washington State, Washington, D.C., Massachusetts, Oregon, Maine, New York, Connecticut, Illinois, Montana, or Colorado.

Physical Demands and Work Environment:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers and handle or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; and reach with hands and arms. The employee must occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus. The noise level in the work environment is usually low to moderate. Professional office setting, a primarily sedentary position requiring long periods of time working at a computer. May be required to work in excess of 40 hours per week and other than normal business hours, such as holidays, evenings, and weekends as business demands.

Note:

This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents will possess the skills, aptitudes, and abilities to perform each duty proficiently. Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others. The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise, other than an "at will" relationship.

E-Verify

Milestone participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.