SBA Sr Underwriter

Summary

This position is with Waterstone, LSP, LLC, a subsidiary of b1BANK. The SBA Senior Underwriter plays a crucial role in the loan origination process, ensuring that Small Business Administration (SBA) loan applications are eligible and credit worthy.   The Senior Underwriter takes the lead in more complex loans and takes on a higher workload as well as mentoring junior underwriters through peer review of underwriting packages. 

Specific Job Functions

• Loan Analysis: Conduct thorough analysis of loan applications, financial statements, and related documents to assess creditworthiness.
• Risk Assessment: Evaluate the potential risks associated with loan applicants and recommend appropriate credit limits.
• SBA Compliance: Ensure all underwriting activities adhere to SBA’s Standard Operating Procedures (SOP) and guidelines.
• Decision Making: Make credit recommendations on new and renewal SBA loans, ensuring they align with the bank’s policies and procedures.
• Collaboration: Work closely with loan officers, borrowers, and SBA representatives to facilitate the loan process.
• Mentoring: Guide and mentor junior underwriters and other team members.

Minimum Job Requirements

• Bachelor’s degree in finance, business administration, or a related field required. 
• Eight (8) – Ten (10) years of experience in SBA loan underwriting, with a track record of successful loan approvals required. 
• SBA-specific certifications may be preferred or required.
• SOP: Knowledge with complete understanding SBA SOP 50 10 7 with
  1. Strong ability to analyze financial data and interpret economic trends.
  2. Keen eye for detail to ensure accuracy in all aspects of the underwriting process
  3. Solid decision-making abilities to determine loan approvals and conditions.
• Proficient in MSOffice suite & SBA E-Tran.
• Good communication skills with clients and lenders.
• Must demonstrate strong oral and written communication skills.

Equal Opportunity Employer/Veterans/Disabled