Senior SBA Credit Underwriter — Specialty Channel

Bank of America; Phoenix (AZ); On-site; USD 92,000 - 150,000; Full time

Job summary

Bank of America is seeking a Specialty Channel Underwriter in the United States to underwrite, structure and approve SBA credit requests for Small Business Administration programs. This role reports to the Specialty Credit Manager and exercises approval authority in line with approved grids.

You will analyze credit, prepare documentation, partner with Relationship Managers and Risk teammates, mentor juniors, and ensure data quality while meeting underwriting standards and SBA policies.

Qualifications

• Minimum of 5 years of commercial underwriting and credit analysis (Business Banking, Middle Market, Leveraged Finance, etc.)
• Minimum of 2 years of SBA lending experience preferred
• Formal commercial credit training or equivalent work experience
• Industry knowledge across multiple sectors
• Prior experience in a high volume production environment
• Superior teamwork skills in the commercial market space
• Strong communication skills
• ability to communicate vertically, horizontally, and externally
• Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent.
• Bachelor's degree or equivalent work experience, preferably in business administration, finance, accounting or economics preferred

Responsibilities

• Analyze, underwrite, and approve credit solutions for existing and new clients
• approve SBA requests in accordance with applicable credit approval grid Conduct credit analysis including financial spreads, risk rating scorecards, industry assessment, business and personal cash flow
• complete Credit Approval documentation
• Evaluate credit worthiness and provide analysis and decisioning on whether a client should be approved for an SBA credit facility
• Ensure underwriting complies with Bank credit policy and procedures and Small Business Administration SOP
• Partner with Relationship Managers, Solution Advisors, Commercial Business Development Officers and Risk teammates to assess and deliver SBA credit solutions
• Ensure data quality of credit related client and deal information
• Mentor and assist junior team members as applicable

Skills

Attention to Detail

Credit and Risk Assessment

Financial Analysis Underwriting

Written Communications

Analytical Thinking

Credit Documentation Requirements

Financial Forecasting and Modeling

Recording/Organizing Information

Business Acumen

Collaboration

Collateral Management

Loan Structuring

Prioritization

Education

High School Diploma / GED / Secondary School or equivalent

Bachelor's degree or equivalent work experience, preferably in business administration, finance, accounting or economics preferred

Job description

Bank of America is seeking a Specialty Channel Underwriter in the United States to underwrite, structure and approve SBA credit requests for Small Business Administration programs. This role reports to the Specialty Credit Manager and exercises approval authority in line with approved grids.

You will analyze credit, prepare documentation, partner with Relationship Managers and Risk teammates, mentor juniors, and ensure data quality while meeting underwriting standards and SBA policies.