VP SBA Underwriting / Remote

MUST BE US BASED TO BE CONSIDERED

The SBA Underwriter/VP is responsible for analyzing/evaluating SBA 7(a), Commercial Real Estate, USDA, and SBA 504, and small business loan application files to ensure credit worthiness of each assigned loan transaction. Additionally, this individual will assist in the preparation of Preliminary Analysis as needed. The SBA Underwriter/VP will ensure that all areas of responsibility are being performed in accordance with Bank and SBA policies and procedures, meet with Bank clients as appropriate, and occasionally make visits with other Bank personnel to determine eligibility and assist other Bank officers in their local business calls.



*  Analyze SBA, USDA, and small business loan files for credit worthiness based on GBank and SBA policies and guidelines.
*  Prepare Credit Memorandum(s) on all new prequalified loan applications relative to financial strengths and weaknesses of applicants and guarantors, risk assessments, collateral assessment, and loan structure with an opinion as to credit worthiness.
* Review and evaluation of borrower and guarantor financial Information including Balance Sheet and Income & Expense Statements, credit reports, D&B reports, OFAC, bank statements, tax returns and any other borrower information in order to make appropriate credit decision.
* Review and evaluation of borrower and guarantor financial information to ensure that business and guarantor generate sufficient cash flow in order to debt service and meet minimum DSCR requirements. Compare historical performance/trends and provide footnotes as needed.
* Gather information on actual and prospective borrowers through inquiries and investigations with trade suppliers, financial institutions, professional firms, or individuals in-house relative to loan amount, activity, profitability, and affiliate relationships.

*  May obtain information through Business Development Officer or directly from applicant through inspection of applicants business/collateral, review of financial reports, personal interview, or other means.

*  Establishes and negotiates where necessary, loan structure, terms, and collateral conditions based on SBA and Bank policies and guidelines, in relation to applicant and BDO request.
*  Analyzes industry data, competitive factors, historical performance, projected results, risk, and mitigating factors.
*  Responsible for all loan amendments, ensuring that all loan conditions have been met, and other items as it may pertain to the credit, including review of appraisal and environmental reports.
 Provide a risk-rating grade level to loans underwritten and evaluated.
* Keep immediate supervisor informed of any issues/concerns relating to assigned loan transaction(s). Additionally, during Loan Origination pipeline meetings provide a status of all assigned loan transaction (s).
* Prepares Preliminary Analysis: structuring loan requests on a preliminary level (initial stages of a loan application request).
* Submit Preliminary Analysis to supervisor or Credit Administration and further to loan committee as instructed by immediate supervisor

REQUIREMENTS

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

Bachelors degree (BA) or equivalent from an acceptable 4 YEAR college or university; or at least 5 YEARS of *  BANKING experience and/or training; or the equivalent combination of education and experience. 

*  Work related experience should consist of a financial analyzing or credit review background. 

*  Educational experience, through in-house training sessions, formal school, or financial industry related curriculum, should be business or financial industry related.
* Experience with 7a eligible Commercial Real Estate (CRE) preferred.
* Advanced knowledge of SBA SOP, commercial, construction, real estate