What are the responsibilities and job description for the SBA Underwriter position at Stellar Bank?
The position of SBA Underwriter is responsible for gathering and analyzing credit information on current and potential borrowers; determines the advisability of granting credit for advanced-level SBA 7a and 504 loans; assists the SBA Loan Officer in writing loan requests; promotes business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services. Assures compliance with the SBA SOP, Bank SBA, Loan Policy, Bank policies and procedures, as well as, all applicable state and federal banking regulations.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Performs pre-qualification assessment, analysis of financial condition, and risk of financing requests within framework of SBA lending, Bank credit culture and current economic and industry trends.
- Assists SBA Loan Officers in gathering data from customers, internal and outside sources; prepares spreadsheets and analyzes financial information including financial statements and tax returns; contacts customers for additional information and clarification of data.
- Compiles data from credit bureaus, conducts industry peer comparisons, and performs cash flow analyses and other such tasks and comparisons.
- Makes loan presentations and makes joint calls with lenders on customers and prospects.
- Assists SBA Loan Officers in coordinating and processing of approved loans; ensures loans are processed according to agreement, customer needs and conform to SBA SOP and Bank lending policies; obtains sufficient information and/or documentation from customers; solves problems relative to processing and servicing of loans, as needed.
- Compliance with any and all BSA/AML/CFT and Sanctions requirements set forth by Bank Policy and Procedure, including but not limited to timely completion of assigned training.
SECONDARY DUTIES
The position performs duties specific to the position and other functions as assigned by management.
SUPERVISORY RESPONSIBILITY
This position is not responsible for the supervision of staff.
ENVIRONMENT AND PHYSICAL ACTIVITY
The incumbent is in a non-confined office setting in which they are free to move about at will. In the course of performing the duties and responsibilities of this position spends time writing, speaking, listening, lifting (up to 25 pounds), sitting, typing on a computer keyboard, and standing, kneeling and reaching.
The incumbent for this position may operate any or all of the following: telephone, copy and fax machine, adding machine, computer and related printers.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential function of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The incumbent in this position must be able to read documents or instruments, detailed work, problem solving, customer contact, reasoning, math, verbal and written communication, analytical reasoning, multiple tasks with constant interruptions.
MINIMUM REQUIREMENTS
These specifications are guidelines based on the minimum experience required to perform the essential functions of the job. Individual abilities may result in some deviation from these guidelines:
- Bachelor’s degree in finance or accounting with formal bank training, or equivalent direct experience in SBA Underwriting.
- 3 - 5 years of direct experience in SBA underwriting.
- Intermediate experience, knowledge and training in financial statement and tax return analysis.
- Well-versed in SBA 7a and 504 loan products and the SBA SOP.
- Advanced knowledge of related state and federal loan regulations and other Bank lending policies.
Stellar Benefits:
We believe that empowering people goes far beyond the workplace. That’s why we’ve designed our benefits to help foster your health and prosperity, so you can best support yourself, your loved ones and your communities
- Health Care Coverage, no waiting period
- Dental/Vision
- STD/LTD
- Annual Performance Bonus Eligible
- 401K with company match
- Paid Vacation
- Volunteer days
- Travel Stipend
- Tuition Assistance
- And More
What it Means to Be Stellar:
Stellar Bank came to be in 2023, when Allegiance Bank and CommunityBank of Texas joined forces. What emerged was a financial institution like no other. Stellar bankers set the standard for responsive, relationship-based community banking. We have the resources, dedication and personal focus to out-bank the big banks and out-service the small banks. Our customers see us as a vital part of the team. We are their financial experts who go above and beyond to help them form a plan and get it done
Join Stellar Bank and, yes, you’ll be providing outstanding banking. But you’ll be achieving something much greater. At Stellar, we empower people to thrive. This is our purpose. This would be your purpose. Here you’d be part of a supportive culture where relationships bond, individuals grow, communities prosper and careers flourish. You can make a difference at Stellar – for yourself and for everyone around you.
Stellar Bank does not discriminate on the basis of race, color, religion, national origin, sex, disability, familial status or any other characteristic protected by applicable federal, state, or local laws, regulations and ordinances.
