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

Hope Credit Union Enterprise Corporation; Arkansas; Remote; USD 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a Small Business Underwriter I to join their dynamic team. This role involves evaluating small business loan requests, conducting thorough credit and financial analyses, and collaborating with loan officers to mitigate risks. The ideal candidate will have a strong background in finance or accounting, exceptional analytical skills, and a keen attention to detail. This is a fantastic opportunity to contribute to the growth of small businesses while working in a supportive and innovative environment that values professional development and offers a comprehensive benefits package.

Benefits

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

Qualifications

• 1+ years in commercial credit analysis or small business underwriting.
• Strong understanding of lending policies and banking regulations.

Responsibilities

• Conduct credit and financial analyses for small business loan requests.
• Collaborate with loan officers to mitigate potential risks.

Skills

Credit Analysis

Risk Mitigation

Financial Analysis

Customer Relations

Attention to Detail

Problem Solving

Organizational Awareness

Education

Bachelor’s Degree in Finance

Bachelor’s Degree in Accounting

Bachelor’s Degree in Business Administration

Tools

Spreadsheets

Word Processing Software

Job description

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

Job Category: Commercial

Requisition Number: SMALL002081

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• Posted: April 7, 2025
• Full-Time
• Remote

Locations

Showing 1 location

Jackson, MS (Remote)

Description

• Title: Small Business Underwriter I
• Department: Commercial Lending – Credit Department
• Reports To: Small Business Underwriting Team Lead
• Job Classification: Full-time, Exempt
• Location: Remote AL, AR, LA, MS & TN

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 requests of up to $250,000. The Underwriter may assist Portfolio Management and other areas of the Commercial Lending team as needed.

Job Responsibilities:

• Collaborate with the loan officers and market leaders to discuss credit requests 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.
• 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.
• Results Orientation.
• Attention to Detail.

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.

Benefits:

• 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.

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.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)