SBA Underwriter

RiverBank is a community bank with a history of service that goes far beyond traditional banking relationships. Our primary mission is to "Make Business Banking Easy" as we support the growth and success of businesses in our community.

RiverBank is growing in 2025! We are seeking a talented SBA Underwriter to join our high-performing team. We are located in Spokane, WA and prefer to hire a candidate who lives in the area. 

Summary

This position is primarily responsible for preparing financial analyses of current and prospective SBA loan customers, reading financial statements, analyzing industry and economic conditions, completing cash flow analysis and full underwriting packages. Must be proficient in SBA SOP to make loan approvals within delegated loan authority to protect the Bank from loss. The incumbent provides the highest quality of service to customers.

This position is critical to the success of the bank's SBA lending initiatives. The candidate will work directly with the production staff to obtain comprehensive loan packages and will work directly with the Credit Admin Officer and the Chief Credit Officer to recommend and approve new loans under the SBA program.

This role focuses primarily on SBA underwriting, emphasizing expertise in SBA SOP, credit analysis, and collaboration to support small business financing needs.

Primary Duties and Responsibilities:

1. Responsible for the compilation of data as it relates to the preparation of credit packages (or pre-screens) incorporating spreads, cash flow, value of related collateral, appraisals, audits and other data.
2. Interpret outcome of analyses and prepares credit approval summary/memos, recommendations and may make joint presentations with Relationship Manager (RM) to Credit Approvers on renewals and new loans submitted in compliance with SBA SOP and bank policies.
3. Act as a subject matter expert on SBA loan structures and eligibility, collaborating with internal teams to ensure appropriate loan terms and adherence to SBA guidelines.
4. Conduct pre-application credit risk assessments, providing recommendations to address potential structural or analytical issues.
5. Research industries and economic conditions to assess market risks and inform credit decisions.
6. Support loan closing processes with knowledge of SBA documentation and procedures.
7. Stay updated on SBA regulatory changes, compliance requirements, and best practices to maintain a high standard of underwriting.
8. Provide mentorship and guidance to junior staff and build expertise in SBA underwriting.
9. Support CCO in SBA audits and exams when applicable.
10. Most senior level underwriter may function as an SBA credit lead and be responsible for credit approvals within assigned authority.
11. Evaluate, analyze, and form opinions for approving or denying SBA guaranteed loan applications.
12. Respond to internal and external customer questions.
13. Recommend exceptions based on findings from annual loan reviews. Approve annual loan review within assigned authority.
14. Other duties as assigned.

Minimum 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.

Education, Training and/or Experience: 

• At least 3-5 years’ experience in SBA underwriting and loan approval.
• Bachelor’s degree in Finance, Accounting, Economics, or related field.
• Advanced knowledge of SBA SOP lending practices and policies and general documentation requirements for bank products and services.
• Proficiency in financial statement analysis and cash flow modeling.
• Advanced experience with computer-assisted financial analysis and PC-based financial models; knowledge of spreadsheet applications (Microsoft Excel, etc).
• NAGGL Diploma preferred.
• Knowledge of SBA systems (CAFS, E Tran, NAGGL, etc.)

Salary : $86,450 - $100,525