Senior Loan Underwriter (SBA)

Senior SBA Loan Underwriter

Highlights:

Location: Phoenix, AZ

Position Type: Direct hire

Hourly / Salary: based on experience, base salary range is $80-120K, unlimited commission

Residency Status: US Citizen

Our client is looking for a Senior SBA Loan Underwriter to join their team!

Position Summary:

​You own it, are highly competitive, accountable and likely are a top performing credit underwriter specializing in business lending including: SBA (7A & 504), C&I and CRE loans. A top candidate may not be happy with their current employer’s culture, limited growth potential, tightening credit box, reduced loan growth or perhaps interested in exploring a change.

You have a passion for helping small businesses. Ethics, integrity, building trust, delivering on your promises, and delivering results for your small business clients is of paramount importance to you. You are intrigued to learn about our client's technology - the proprietary consultative services and technology we invented and provide to business owners, helping you maximize accepted LOI’s with a competitive differentiator not offered by any other bank in the USA.

Responsibilities:

• ​Review and spread business and personal financial information including leases and rent rolls received to provide detail for historical comparison and analysis.
• Document cash flows for operating business entities, real estate holding companies and individuals, as well as an overall global cash flow for loan analysis and loan approval.
• Produce projections, pro-forma statements and sensitivity analysis as appropriate.
• Identify and document exceptions to the Bank credit policy as well as pertinent mitigating factors.
• Prepare written and verbal presentations of financial information including detailed formal credit analysis with recommendations for loan approval or denial. The Senior Credit Underwriter attends and presents loans to Credit Officers and/or Credit Committee(s) for approval.
• Conduct Annual Reviews of existing relationships and Annual Loan Covenant Compliance with consideration of Risk Rating accuracy. Manage outstanding ticklers, covenant monitoring, requesting financial items from clients, review and provide updates to lenders and management. Assist the Relationship Manager and Credit Administration on Past-Due loans, Watchlist credits and loan workouts, preparing Problem Loan Report as needed.
• Develop and maintain an acceptable turn-around time on all loan requests to sustain our reputation as a service-oriented and personable community bank.
• Act as a training resource for Relationship Managers and Junior Credit Underwriters related to understanding and interpreting financial statements and tax returns and upon request review the cash flow preparations and analysis of Relationship Managers and Junior Credit Analysts for correctness and completeness. Also reinforce the Bank’s commitment to sustaining high credit quality and strong credit culture.
• Participate in continuing education courses to stay abreast of new banking regulations.
• Maintain thorough knowledge of Bank’s credit policy and other Bank policies and procedures.
• Maintain a thorough knowledge of all our client’s products, services, procedures, policies and appropriate regulatory issues relating to daily job functions including but not limited to: Bank Secrecy Act; Privacy; Fair Lending; Regulation E; deposit, transaction and loan accounts

Qualifications:

Knowledge, Skills & Abilities​

• Demonstrated analytical and problem-solving skills.
• Experience working in a fast-paced environment where required to prioritize and deal effectively with varying workloads and meet deadlines. Time management is critical.
• Proven experience working independently with assertive decision-making for loan recommendations.
• Exceptional communication skills required, both verbal and written, including courteous and professional interaction, establishing trust and maintaining productive relationships with customers, peers, relationship managers and bank management.
• Quickly grasps Bank analysis software and retains information.
• Experience with Abrigo Sageworks, and FIS Horizon (core system) platforms highly desired.
• Broad experience in C&I, CRE, SBA lending underwriting highly desired.
• Proficient with Microsoft Office Products – Word, Excel and Outlook.

Education & Experience

• Bachelor’s Degree in accounting, business or finance preferred.
• 5 years in Commercial Banking (Credit Administration, Commercial Credit Underwriting, Portfolio Management or Commercial lending) required
• 5 years of SBA Underwriting experience required.