SBA Underwriter

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Job Description:

At Regions, the SBA Underwriter  provides underwriting support for the Regions SBA Portfolio. This position serves as the primary evaluation point for SBA loan requests with responsibilities including reviewing applications against approval checklist by product type, completing initial eligibility analysis, financial statement spreading, detailed analysis of repayment capacity and financial metrics, and initial Credit Approval Package preparation.

The SBA Underwriter may also provide the initial framework for various credit servicing activities, including establishing requirements for ongoing monitoring of financial statements, ratios or other performance metrics, collateral management, and overall performance of SBA loans.

• Primary Responsibilities
• Reviews each assigned SBA application following completion of the Pre-Underwriting Review process
• Applies knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for accuracy, completeness, and eligibility
• Confirms accurate execution of tasks performed by SBA Underwriter I
• Provides mentoring and support for SBA Underwriter I and II
• Primarily handles applications with total credit exposure greater than $350,000
• Periodically engages in pre-flight discussions of prospective loan requests with SBA Bankers, Sales Managers, and Credit Leadership
• Performs detailed analysis of financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors
• Reviews business and personal credit reports, as well as industry and market data
• Identifies and properly mitigates all risks associated with each assigned SBA application

Prepares an appropriately detailed credit memorandum outlining terms and conditions for loan closing, summarizing financial and business analysis, and addressing mitigation of all identified risks

Demonstrates excellent working knowledge of all systems utilized by the department

Eligible for individual lending authority up to $750,000

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

This position is incentive eligible.

Requirements

• Bachelor's degree in Accounting, Finance, or related field
• Five (5) years of SBA experience, commercial loan underwriting, financial analysis or portfolio management experience
• Skills and Competencies
• Ability to identify and voice issues
• Ability to prioritize and operate with a sense of urgency
• Ability to work collaboratively with multiple stakeholders
• Organized, detail-oriented, and able to multi-task
• Strong analytical and problem-solving skills
• Strong verbal and written communication skills
• This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.
• Position Type
• Full time

Job Range Target:

Minimum:

$80,924.25 USD Median:

$103,070.00 USD

Incentive Pay Plans:

This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.

Location:

Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.