Small Business Underwriter I - Remote AL, AR, LA, MS, or TN

Hope Enterprise Corporation; Arkansas; Remote; USD 45,000 - 65,000; Full time

Job summary

A prominent non-profit organization is seeking a Small Business Underwriter I to evaluate creditworthiness and conduct thorough financial analyses for loan requests up to $250,000. In this full-time role, you will collaborate with loan officers and manage risks while ensuring compliance with the organization’s policies. The ideal candidate holds a Bachelor's degree and has experience in commercial lending, showcasing excellent communication and problem-solving skills.

Benefits

Paid Vacation and Sick Time

401(k) with Company Match

Medical, Dental, and Vision Benefits

Flexible Spending Account (FSA)

Disability Benefits

Life Insurance

Tuition Reimbursement

Qualifications

• Minimum of 1-year experience in commercial credit analysis or small business underwriting.
• Good understanding of lending policies and procedures.
• Self-starter with strong attention to detail.

Responsibilities

• Conduct credit and financial analyses for loan requests.
• Analyze historical cash flow, balance sheets, and financial conditions.
• Prepare credit memorandums for approval.

Skills

Communication

Problem Solving

Organizational Skills

Education

Bachelor’s Degree in Finance, Accounting, or Business Administration

Job description

Small Business Underwriter I - Remote AL, AR, LA, MS, or TN

Join to apply for the Small Business Underwriter I - Remote AL, AR, LA, MS, or TN role at Hope Enterprise Corporation

Small Business Underwriter I - Remote AL, AR, LA, MS, or TN

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Join to apply for the Small Business Underwriter I - Remote AL, AR, LA, MS, or TN role at Hope Enterprise Corporation

• Department: Commercial Lending – Credit Department
• Reports To: Small Business Underwriting Team Lead
• Job Classification: Full-time, Exempt
  
  

• Title: Small Business Underwriter I
• Department: Commercial Lending – Credit Department
• Reports To: Small Business Underwriting Team Lead
• Supervises: N/A
• Job Classification: Full-time, Exempt
  
  

Job Summary

The Small Business Underwriter I is responsible for conducting credit and financial analyses for new loan requests to evaluate safety and soundness while minimizing risk for the organization. Generally, the Small Business Underwriter I will be responsible for small business loan request of up to $250,000. The Underwriter may assist Portfolio Management and other areas of the Commercial Lending team as needed.

Primary And Essential Functions

• Collaborate with the loan officers and market leaders to discuss credit request and develop strategies to identify and mitigate any potential risk.
• Conduct initial review of the incoming loan packages by determining creditworthiness and compliance with the Credit Union’s policy and the NCUA.
• Analyze applicant’s business operations, historical cash flow, balance sheet and financial condition, management structure, collateral, projections and compare these elements to RMA when applicable.
• Calculate appropriate financial ratios utilizing, but not limited to, the following methods UCA, Net Operating Income, EBITDA, and Global Debt Service.
• Research and investigate applicable industry and market data/trends.
• Coordinate and incorporate third party reports into the credit analysis when appropriate.
• Review and determine viability of projections, when applicable, for the analysis.
• Review and restructure deals as appropriate.
• Prepare a credit memorandum for presentation to the Credit Committee, with final recommendation.
• Participate in the periodic review of existing portfolio credits, as needed
• Assist in the preparation of Loan Extensions/Modifications, as needed
• Stay abreast of NCUA regulations, industry changes and the credit culture.
• Perform general administrative duties such as attending meetings, report production, etc.
• Assist with special projects as requested/assigned
  
  

Required Qualifications

• Bachelor’s Degree in Finance, Accounting, or Business Administration
• Minimum of 1-year commercial, commercial credit analysis or small business underwriting, spread analysis (i.e., balance sheets, income and cash flow statements), lending, underwriting concepts, practices and procedures or other directly related experience
• Good understanding of commercial and/or small business lending policies and procedures and general banking laws and regulations.
• Must have good customer relations and communication skills.
• Must be a self-starter, dependable, accurate in completing responsibilities with strong attention to detail and organizational skills.
• Working knowledge of various related software applications, including spreadsheets, word processing, etc.
  
  

Competencies/Skills

• Ability to read and interpret documents and write routine reports and correspondence
• Ability to speak effectively before groups of customers and employees of the organization
• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals
• Ability to compute rate, ratio and percent and interpret data.
• Ability to deal with problems involving a few concrete variables in standardized situations.
• Ability to evaluate creditworthiness from multiple structured and unstructured variables.
• Ability to restructure loans as necessary.
• Organizational Awareness
• Problem Solving
• Usage of Technical Expertise
• Written Communication
• Results Orientation
  
  

Physical Demands

• Employee is regularly required to sit, stand, and walk
• Employee will use hands to finger, handle or feel, reach with hands and arms, and talk or hear
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  
  

Work Environment

• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  
  

Comprehensive Benefits Package:

• Paid Vacation and Sick Time
• 11 Paid Holidays
• 401(k) with Company Match
• Medical, Dental, and Vision Benefits
• Flexible Spending Account (FSA)
• Disability Benefits
• Life Insurance, Critical Illness, Accident
• Employee Assistance Program (EAP)
• Tuition Reimbursement, Professional Development
  
  

Hope Enterprise Corporation does not participate in or engage in any form of visa sponsorship, including employment-based visa applications or extensions (e.g., H-1B, TN, O-1, OPT, STEM OPT, etc.). Candidates must be legally authorized to work in the United States at the time of application and throughout the duration of employment.

We are an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Non-profit Organizations

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