Small Business Underwriter

Nusenda Services, LLC.; Albuquerque (NM); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Competitive employee benefits

401(k) matching contributions

Professional development and tuition assistance

Job summary

Nusenda Services, LLC. is seeking a Small Business Underwriter in Albuquerque, NM. This role involves underwriting conventional and SBA small business loan requests, analyzing financial statements, and ensuring SBA compliance. The ideal candidate should possess a Bachelor's degree in Business Administration or Finance and three to five years of relevant experience. Strong skills in financial analysis and familiarity with loan origination and CRM systems are essential. Join us to make a positive impact on our members and communities.

Qualifications

• Three to five years of similar or related experience.
• Ability to analyze tax returns and financial statements.
• Capable of handling multiple responsibilities and meeting deadlines.

Responsibilities

• Underwrite conventional and SBA small business requests within policy limits.
• Analyze financial statements and tax returns to evaluate collateral and recommend terms.
• Confirm SBA program eligibility for 7(a) and 504.

Skills

Analyzing financial statements

Understanding SBA 7(a) and 504

Advanced Excel skills

Effective communication

Education

Bachelor’s degree in Business Administration, Finance, or related field

Tools

Loan origination systems

Customer Relationship Management (CRM) systems

Job description

Description

Nusenda Credit Union is dedicated to excellent member service, care for our community, and being a great place to work. We strive to make a positive difference in the lives of our members and the communities we serve to help them achieve their financial goals. Diversity, equity, and inclusion are part of our culture and values.

As an employer of choice, we invest in people and their careers. Our competitive employee benefits include several health and wellness options, competitive 401(k) matching contributions, professional development, and tuition assistance and more!

Thank you for your interest in joining the Nusenda team!

We are currently seeking a Small Business Underwriter to join our organization. As a Small Business Underwriter, you will be responsible for underwriting, decisioning, and structuring conventional and Small Business Administration small business loan requests within defined policy limits. You will ensure SBA standard operation procedures, program eligibility and documentation takes place while applying approved underwriting templates and scoring models to recommend terms and mitigations that balance experience and risk. Additionally, you'll drive high quality credit memos and clear approval packages while identifying and documenting policy exceptions with appropriate mitigation. Lastly, you will partner with the AVP, Relationship Managers, and Loan Administration to meet closing timelines.

What You'll Do:

• Underwrite conventional and SBA small business requests within established policy limits using approved templates and scoring models.
• Analyze financial statements and tax returns to develop global cash flow and key ratios, evaluate collateral and guarantor support, and recommend approval, decline, or counter terms consistent with risk appetite of the Credit Union.
• Apply Small Business policy metrics for System Decisioned, Application Plus, and Judgmental Financial Underwriting.
• Identify deviations, and document tracked policy exceptions with mitigation and expedite per approval authority matrix while maintaining required tracking.
• Ensure each loan request is properly structured for purpose, repayment source, collateral, and guarantor support.
• Confirm SBA program eligibility for 7(a) and 504 when applicable.
• Coordinate SBA checklists with Relationship Managers through loan origination system (LOS) to ensure documentation requirements are met and identify items that must be satisfied prior to approval or closing.

What You'll Need:

• Three to five years of similar or related experience
• Bachelor’s degree in Business Administration, Finance or related field

Key Skills and Experience:

Knowledge of analyzing tax returns and financial statements to assess cash flow, leverage, liquidity, and debt service coverage.

Knowledgeable in SBA 7(a) and 504 eligibility and documentation.

Advanced Excel skills with experience in loan origination and Customer Relationship Management (CRM) systems.

Must be able to handle multiple responsibilities, meet deadlines, deal with sensitive information and handle problem resolution.

Effectively communicate with internal and external customers appropriately via in person, email etc.

Nusenda Credit Union is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.