SBA Loan Underwriter III
SBA Loan Underwriter III
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Job Details
About the Role:
As a SBA Loan Underwriter III you will provide the initial step in the banks overall Credit Risk Management process over the SBA loan portfolio. You will be considered a financial expert whoanalyzes the financial condition of prospective SBA borrowers and assesses how much risk First IB will be assuming if a decision is made to approve a loan request. More specifically you will evaluate credit history assets liabilities cash flows and other factors to determine a borrowers ability to pay back a loan request. You will work closely with bank management and other members of the SBA lending function to ensure that loans meet SBA requirements and close in a timely manner.
What You Will Do:
- Underwrite primarily SBA 7(a) loans Express Loans and 504 loans up to program maximums for a lender possessing a national lending footprint.
- Ensure request meets both SBA SOP requirement and Bank Credit Policy/Guidelines.
- Maintain up to date knowledge of current SOP requirements through continuous learning individually and through NAGGL and/or other outlets.
- Present credit writeups in a concise consistent organized fashion fully supported with proper justification/rationale.
- Use critical thinking skills/research to provide recommendations for credit decisions.
- Collect spread analyze and evaluate financial and related data to determine credit worthiness of prospective or existing borrowers in adherence with First Internet Bank Credit Guidelines/Policy and SBA SOP requirements.
- Perform financial analysis including proforma balance sheet analysis working capital adequacy leverage positions collateral shortfall ratio analysis etc.
- Perform joint calls with Business Development Officers (BDOs) and prospective Borrowers to answer any questions and gain understanding of the proposed transaction.
- Notify Borrower and/or BDOs of underwriting decisions underwriting requirements current status and declinations. Negotiate with Borrower/BDOs to reach positive solution for both Bank and Borrower.
- Prepare Commitment Letters in adherence to loan conditions once loan has been approved.
- Review third party reports including appraisals business valuations RSRAs and Phase I/II environmental reports to ensure consistency with approval requirements.
- Analyze and craft solutions to accommodate changes to the SBA loan request on a postapproval basis via change memos.
- Assist in preparing for periodic portfolio reviews conducted by regulatory agencies loan review and internal audit.
- Prepare draft responses to audits reviews and regulatory exam reports as requested.
- Mentor and assist in training new or junior staff.
- Perform other duties/projects as assigned.
What Were Looking For:
- A minimum of five years of relevant SBA lending portfolio management and/or commercial credit experience required or minimum three years of SBA underwriting experience within a fastpaced SBA 7(a) lending program.
- Full knowledge of current SBA SOP.
- Ability to understand and analyze complex transactions.
- Ability to understand and analyze both historic and projected financial statements.
- Capability of working effectively under limited supervision.
- Good organizational skills.
- Thorough understanding of financial statement preparation and content.
- Strong PC Internet and administrative skills.
- Ability to work in a team environment.
- Ability to work in a fastpaced environment that may require occasional work beyond normal working hours.
- Excellent written and verbal communication skills.
Working Conditions/Demands:
- Professional office setting.
- Primarily sedentary position requiring long periods of time working at a computer.
- Must be able to move throughout the office and buildings to obtain or relay information.
- Must be able to perform the essential functions of the position with or without reasonable accommodation.
- Remote working conditions may be permitted for qualified candidates.
Working Conditions/Demands:
- Professional office setting.
- Primarily sedentary position requiring long periods of time working at a computer.
- Must be able to move throughout the office and buildings to obtain or relay information.
- Must be able to perform the essential functions of the position with or without reasonable accommodation.
Who Are We
Were not just another bank and were not looking for just another employee. Since 1999 First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes we really were the first statecharted FDIC insured bank to operate entirely online and we have been leading the way ever since.
We seek the game changers the innovatorsthose who challenge the status quo because change really is the only constant. Ready to join a team of imaginative driven individuals like you Its your career you deserve to imagine more. Keep reading we think you will like you what see.
Why Join Us
Our success has been driven in part by four core competencies customer focus teamwork adaptability and initiative. Collectively they define our actions and are at the heart of all we do. As a result weve been fortunate to have been named numerous times as an Indianapolis Star Top Workplace and one of the Best Banks to Work For! Headquartered in downtown Fishers our newlybuilt stateoftheart 175000 square foot facility headquarters was designed with our team in mind and features an 18000 square foot open air deck named The Backyard with fire pits covered pergola waterfall and foliage to create a momentary escape from the work day. Beyond that the onsite fitness center with the latest equipment and ergonomicallydesigned workstations help promote health and wellness. Have we mentioned free snacks soft drinks and beer available on tap Want more How about unlimited volunteer time off and social events to bring us all together to have some more. Why just imagine more take the first step and apply today.
Our benefits package includes the following and so much more:
- Medical Dental Vision Insurance
- 401(k) Retirement Plan with Generous Match
- Professional Development Reimbursement
- 3 Weeks Paid Vacation Plus Paid Holidays
- Paid Volunteer Time
- Business Apparel Allowance
Equal Opportunity Employer Women Minorities Veterans and Individuals with Disabilities
If you are a California resident you may be entitled to certain rights regarding your personal information. Additional information about our data collection practices and location specific notices is available on our privacy policy. Click here to read more.
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 contractors legal duty to furnish information. 41 CFR 601.35(c). Click here to read more.
Employment Type
Unclear
