Director Of Underwriting

About iBusiness Funding:

iBusiness Funding is a leader in providing innovative Software as a Service (SaaS) solutions for banks and lenders, with a specialization in SBA lending. We build scalable lending platforms that streamline the business lending process, allowing lenders to efficiently deliver capital to small and medium-sized businesses.

To date, we’ve processed over $7 billion in SBA loans and handle more than 1,000 business loan applications daily. Our team is driven by our core values of innovation, integrity, enjoyment, and family.

As a top five SBA 7(a) preferred lender, our parent company offers SBA express and small loan capabilities. Join us and be part of a team that’s transforming the finance industry and empowering businesses to thrive!

**This is a remote position that may be performed from your home.**

Position Description:

We are looking for a Director of Underwriting to join our dynamic and growing team. You will be an integral part of our leadership team. This role will be strategic in nature and will be focused on continuous process and procedural improvement. You will work cross-functionally with other teams to help manage, build, and scale our lending processes, as well as work with our Risk team to utilize data analytics strategy to support our growing product portfolio, with a current focus on SBA, Conventional, USDA, and alternative funding product lines.

As a senior member of the team, you will assist in ensuring the accuracy of credit decisions, compliance with SBA & USDA SOP and providing training & feedback to the underwriting team as well as modifying and developing new policies and amended policies from time to time in order to continuously scale our and high grade our teams and optimize our portfolio performance deriving the most economic benefit with the right measured risk strategy. This role will have the highest-level credit authority.

***This is a Remote role with occasional travel for company onsite events***

Essential Duties and Responsibilities:

· Ensure proper data, reporting and dashboards to set KPIs and metrics for the team to optimize and manage team performance

· Review assigned lending application processes and continually enhance for efficiency as well as credit and SOP compliance

· Work with risk teams to constantly analyze the existing portfolio with reporting on various key performic metrics

· Review all slow paying loans to do a full postmortem and take insights to improve the frontend

· Constantly evaluate loan intake and underwriting process to ensure desired portfolio default and performance metrics are achieved

· Apply knowledge of SBA Standard Operating Procedures (SOP), USDA OneRD, and conventional credit policies to evaluate loan applications/credit memos processes to ensure accuracy, completeness, speed and eligibility.

· Review all relevant data sources including credit, financial, industry and market data when the teams are reviewing applications/ credit memos evaluate current sources and add and improve sources as needed

· Engage in discussions with BDA/BDOs, the Closing team, Legal, and Credit Leadership as needed to facilitate cross departmental collaboration

· Ensure adoption of the technology platform, LenderAI, for every aspect of the underwriting process

· Suggest and collect feedback from the underwriting teams to bring new enhancements to the technology platform and underwriting processes to further facilitate and augment the underwriting process

· Further develop and monitor fraud prevention policies and procedures

· Identify gaps/areas of improvement and collaborate cross-functionally to improve and grow the product.

· Provide training and feedback, as necessary.

Qualifications for Success:

· Bachelor's degree in accounting, finance, or related field

· Seven (7) or more years in commercial loan underwriting & financial analysis, at least five (5) of which have been in SBA and/or USDA space is preferred

· Experience managing a team, working with the Executive team, and growing/building a loan program.

· Ability to be hands on while also being strategically minded

· Must be process oriented

· Ability to prioritize and operate with a sense of urgency and foster that urgency to others

· Strong verbal and written communication skills

· Organized, detail-oriented, and able to multi-task

· Ability to work collaboratively with multiple stakeholders.

· Strong analytical skills

· Data modeling experience is a plus

Physical Demands:

The physical demands of the position are typical of those found in a traditional office environment. Employees will not need to walk significant distances nor lift substantial weight. Employee will need to be able to remain seated at a desk for 8-9 hours in a typical workday.

Conclusion:

This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. This job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, genetic information or any other characteristic protected by law.