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 the SBA Underwriter IProvides mentoring and support for SBA Underwriter I and IIAssists with various administrative functions in support and in absence of the SBA Underwriting Manager Primarily handles complex applications with total credit exposure greater than $350,000

Frequently 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 Periodically engages in direct conversations with Regions SBA loan customers through coordination with SBA Bankers and Credit Leadership 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 $1,000,000

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

Seven (7) years of SBA experience, commercial loan underwriting, financial analysis or portfolio management experience

Skills and Competences 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

Expertise in SBA 7a and 504 Underwriting preferred

Position Type Full time Compensation Details Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same…