SBA Credit Analyst
SBA Credit Analyst
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Salary Not Disclosed
1 Vacancy
Job Description
Job Details
About the Position:
As the SBA Credit Analyst you will be responsible for the processing of pre-close and post-close change memos on approved loan requests. In addition your role provides support to the Loan Underwriter including analyzing financial statements and documents of prospective SBA borrowers through spreading as well as computing financial ratios and coverage of assets liabilities cash flows and other factors. You will work closely with the Loan Underwriter and the SBA Credit Manager to ensure that loans meet all SBA and internal bank loan policies.
What You Will Do:
- Utilize critical thinking analysis and research skills to draft and submit a prudent change memo for approval in order to accommodate changes to SBA loan requests on a post-approval basis.
- Communicate effectively with the various other SBA units in reference to change memos such as Sales Packaging Closing Pre-Close Review and Post Close Servicing.
- Collect spread analyze and evaluate financial and related data to determine credit worthiness of existing and/or prospective borrowers in adherence with First Internet Bank Credit Guidelines/Policy and SBA SOP requirements.
- Perform financial analysis including pro-forma balance sheet analysis working capital adequacy leverage positions collateral shortfall ratio analysis etc.
- Analyze both historic and projected financial statements and varying types of collateral.
- Ensure changes in the proposed change memos meets both SBA SOP requirement and Bank Credit Policy/Guidelines.
- Maintain up to date knowledge of current SOP requirements through independent continuous learning National Association of Government Guaranteed Lenders (NAGGL) and/or other outlets.
- Review and understand third-party reports including: appraisals business valuations Records Search with Risk Assessment (RSRAs) and Phase I/II environmental reports in order to ensure consistency with original approval requirements and as proposed for change memos.
- Support preparation for periodic portfolio reviews conducted by regulatory agencies loan reviews and internal audits.
- Perform other duties/projects as assigned.
What Were Looking For:
- Bachelors degree in Accounting Finance or related field is preferred. Commensurate work experience in financial analysis or credit will also be considered.
- A minimum of one year of relevant Financial Analysis experience in commercial credit preferred.
- Thorough understanding of financial statement preparation and content.
- Previous experience in various collateral types is a plus.
- Knowledge of SBA SOP is preferred.
- Strong PC Internet and administrative skills.
- Proven ability to work collaboratively with a team and other departments.
Working Conditions/Demands:
- Professional office setting.
- Primarily sedentary position requiring long periods of time working at a computer.
- Must be able to move throughout an office setting 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 state-charted 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 newly-built state-of-the-art 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 ergonomically-designed 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 60-1.35(c). Click here to read more.
Required Experience:
IC
Employment Type
Unclear
