SBA Underwriter
SBA Underwriter
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Job Description
Please reference the schedule and minimum qualifications listed below before applying.
If you need assistance with filling out our application form or during any phase of the application interview or employment process please notify our Human Resources Team at option 1 or email and every reasonable effort will be made to accommodate your needs in a timely manner.
Job Summary
Structure analyze and underwrite less complex (SBA 7(a) 504 and Express loans) in accordance with MACU SBA and NCUA rules and regulations participates in department administration functions and participates in all aspects of the SBA lending cycle.Job Description
LOCATION
Mountain America Center - In Office:
9800 S Monroe St
Sandy UT 84070
SCHEDULE
Full Time
To be effective an individual must be able to perform each job duty successfully.
- Underwrites and structures less complex SBA loans including SBA 7(a) Express and 504 Loan Programs; prepares credit presentations documenting credit analyses and recommendation for credit decision to approving authority.
- Prepares timely concise and accurate credit recommendations with supervision. Includes: (1) quantitative components within the underwriting narrative; (2) accurate use of risk rating scoring matrix both quantitative and qualitative rating elements to ensure loans are properly risk-rated; and (3) accurate identification and mitigation of risk including all policy exceptions procedures and compliance regulations.
- Has a general understanding of SBA eligibility and underwriting processes per the SBAs Standard Operating Procedures and MACU standards.
- Understands and demonstrates a high level of written communication relating to credit memos addendums memorandums and all forms of written communication.
- Analyzes repayment ability including business and personal cash flow.
- Performs financial ratio analysis comparative to industry standards.
- Performs financial stress testing analysis.
- Reviews and interprets personal and business credit reports.
- Prepares commitment letters.
- Reviews professional commercial real estate appraisals and associated third party reviews; completed internal reviews.
- Reviews professional environmental reports and assesses risk.
- Performs internal real estate equipment and business valuations.
- Analyzes commercial leases.
- Reviews loan closing requirements.
- Ensures regular communication through the origination process with loan officers loan closers management and members.
- Provides superior customer service both internally and externally with regard to SBA loan programs.
- Is able to manage up to five loan files at a given time.
- Works together with all teams to accomplish monthly quarterly and annual goals.
- Performs other duties as assigned.
KNOWLEDGE SKILLS and ABILITIES
The requirements listed are representative of the knowledge skills and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.
Experience
Two years underwriting experience in a progressive financial setting or two years in SBA Lending operational experience preferably both.
Education
Bachelors degree from an accredited institution in business finance economics or related field. Education will be verified. An additional 3 years of experience in a progressive financial setting may be substituted in lieu of a degree.
Licenses Certifications Registrations
Must qualify for access to SBA systems and not be listed on any SAM search or SBA debarment lists.
Managerial Responsibility
Has no supervisory/managerial responsibilities.
Computer/Office Equipment Skills
- Intermediate skills with Microsoft Office Suite including Outlook Word and Excel.
- Experience with financial reporting or tax analysis software preferred.
- Experience with SBA eTran preferred.
- Experience with Symitar preferred.
Language Skills
- Demonstrated ability to clearly express ideas methodology results and recommendations verbally in writing and through insightful reports and graphic illustrations.
- Demonstrated ability to present information in a manner appropriate for key stakeholders and all levels of the organization.
- Strong writing and grammatical skills relating to preparing credit memos addendums memorandums and all forms of written communication.
Other Skills and Abilities
- Unquestioned personal and professional integrity.
- Ability to work both autonomously and collaboratively in a fast-paced environment.
- Self-starter with strong organizing and time management skills and the ability to work productively and efficiently in a fast-paced environment with multiple projects and timelines.
- Adaptive to change responds positively to altered circumstances or conditions.
- Possess a desire and willingness to learn and continually update knowledge base on financial concepts strategies systems etc.
- Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies.
- Data analytics and data validation skills and proficiency in business data analysis (MS Excel etc.).
PHYSICAL ABILITIES / WORKING CONDITIONS
Physical Demands
- Ability to sit talk and hear consistently
- Ability to stand walk and use hands to handle or reach occasionally
Vision Requirements
- Close vision (clear vision at 20 inches or less)
- Distance vision (clear vision at 20 feet or more)
Weight Lifted or Force Exerted
Ability to lift up to 10 pounds occasionally
Environmental
- There are no unusual environmental factors (such as a typical office)
Noise Environment
- Moderate noise (business office with computers and printers light traffic)
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Mountain America Credit Union is an EEO/AA/ADA/Veterans employer.
Employment Type
Full-Time
