What are the responsibilities and job description for the SBA Senior Underwriter position at LMCU?
Job Title: SBA Senior Underwriter
Primary Location: 12471 W. Linebaugh Ave, Tampa FL 33626
Employee Status: exempt
Estimated Hours/Week: 38
Hybrid- Tampa, FL
% of Travel for the Position: 0%
What You’ll Get: (note varied offerings based on role and hours)
The SBA Senior Underwriter role is responsible for conducting strong credit analysis including gathering, analyzing and interpreting all types of credit information on existing and prospective SBA 7a/504/ITL customers. This position of Senior SBA Underwriter will communicate with current and potential customers to obtain information needed for loan requests in conjunction with the Loan Officer. The underwriter prepares and assists in presenting credit packages on full compliance of SBA SOP to Loan Officers and committees for use in making lending decisions on new, renewal and extension loans.
What you'll do:
We’re proud of our past, thrilled with our present, and couldn’t be more excited about our future! Lake Michigan Credit Union has grown to become one of the largest credit unions in the nation with our headquarters in West Michigan.
As a credit union, LMCU is a not for profit institution, owned by its members, instead of corporate stock holders. We are accountable directly to our members, and they directly share in our success – benefitting by lower and fewer fees, better savings and checking interest rates, lower cost mortgages and a host of other advantages that simply don’t exist at traditional banks.
It’s about always doing what’s best and right for our members - it guides everything we do.
From friendly, knowledgeable and professional employees who greet you by name, to offering stellar value at every turn, LMCU works for its members.
Working with LMCU you can grow and advance in your career and work with talented teams that help you become better each and every day. As an employee you can have confidence in knowing your work is having an impact by supporting our mission of serving our members’ lifetime financial needs.
You’ll be encouraged to innovate and excel and we're committed to your empowerment as an employee, providing ongoing training, development, support, and opportunities for you to achieve your career goals.
Have additional questions about the role?
You may email us at: Careers@lmcu.org.
If you lack access to the internet or internet connectivity, or have a disability that hinders your ability to apply online, please choose one of the following options to obtain assistance:
Call us at: (616) 242-9790
Mail your resume to: 5664 Prairie Creek Drive, Caledonia, MI 49316
Please Note: These options are reserved for use by individuals requesting an accommodation as a candidate. Information received via these options will be routed to our HR team, who will provide appropriate assistance to facilitate the completion of LMCU’s online application.
LMCU is an Equal Opportunity Employer
LMCU is an Equal Opportunity Employer
Primary Location: 12471 W. Linebaugh Ave, Tampa FL 33626
Employee Status: exempt
Estimated Hours/Week: 38
Hybrid- Tampa, FL
% of Travel for the Position: 0%
What You’ll Get: (note varied offerings based on role and hours)
- Weekly Pay
- Comprehensive Health & Wellness package including Medical (with prescription coverage), Dental, and vision
- Matching Health Savings Account Contributions, Dependent Care flexible spending account (FSA)
- Retirement options like 401 (k) with company match and pension.
- Paid time off: Vacation, Personal days, paid holidays, paid volunteer time, sick days, & flex time.
- Tuition reimbursement
- To see a full list of our benefit offerings – check out this helpful guide!
The SBA Senior Underwriter role is responsible for conducting strong credit analysis including gathering, analyzing and interpreting all types of credit information on existing and prospective SBA 7a/504/ITL customers. This position of Senior SBA Underwriter will communicate with current and potential customers to obtain information needed for loan requests in conjunction with the Loan Officer. The underwriter prepares and assists in presenting credit packages on full compliance of SBA SOP to Loan Officers and committees for use in making lending decisions on new, renewal and extension loans.
What you'll do:
- Overseeing the SBA credit process and analysis for each assigned credit request from application through approval in compliance with SBA SOP. Processing credit references.
- Spreading financial statements within system and generating relevant reports for analysis and loan presentation.
- Analyzing the credit and collateral aspects of SBA 7a, 504 and ITL loans both secured and unsecured. Underwriting, analyzing and preparing presentations for loan requests. Effectively communicating with Loan Officers and customers regarding credit matters.
- Makes recommendations on loan decisions to SBA Credit Manager, Loan Officers and executive management.
- Assisting in the monitoring of loans to ensure proper maintenance with respect to items such as updated financial information and compliance. Preparing of annual loan reviews as needed.
- Assisting management with all tasks related to the Credit Department, performing various special projects, and providing general support to the operational areas within the Credit Union.
- Five years to eight years of credit underwriting and SBA 7a underwriting experience required.
- Bachelor's Degree in Accounting, Business, or Finance or a related field of study.
- Credit training or equivalent classes offered by 3rd party providers (NAGGL, RMA, ABA, banking associations, etc.). Strong understanding of SBA SOP eligibility requirements. Knowledge of Microsoft Office, core databases, credit analysis software.
- Strong written and verbal communication skills are essential to the position.
- Knowledgeable in financial institution operating policies and procedures and banking/credit union regulations state and federal.
We’re proud of our past, thrilled with our present, and couldn’t be more excited about our future! Lake Michigan Credit Union has grown to become one of the largest credit unions in the nation with our headquarters in West Michigan.
As a credit union, LMCU is a not for profit institution, owned by its members, instead of corporate stock holders. We are accountable directly to our members, and they directly share in our success – benefitting by lower and fewer fees, better savings and checking interest rates, lower cost mortgages and a host of other advantages that simply don’t exist at traditional banks.
It’s about always doing what’s best and right for our members - it guides everything we do.
From friendly, knowledgeable and professional employees who greet you by name, to offering stellar value at every turn, LMCU works for its members.
Working with LMCU you can grow and advance in your career and work with talented teams that help you become better each and every day. As an employee you can have confidence in knowing your work is having an impact by supporting our mission of serving our members’ lifetime financial needs.
You’ll be encouraged to innovate and excel and we're committed to your empowerment as an employee, providing ongoing training, development, support, and opportunities for you to achieve your career goals.
Have additional questions about the role?
You may email us at: Careers@lmcu.org.
If you lack access to the internet or internet connectivity, or have a disability that hinders your ability to apply online, please choose one of the following options to obtain assistance:
Call us at: (616) 242-9790
Mail your resume to: 5664 Prairie Creek Drive, Caledonia, MI 49316
Please Note: These options are reserved for use by individuals requesting an accommodation as a candidate. Information received via these options will be routed to our HR team, who will provide appropriate assistance to facilitate the completion of LMCU’s online application.
LMCU is an Equal Opportunity Employer
LMCU is an Equal Opportunity Employer
