SBA Underwriting Officer

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism.

Together we can make a difference in the financial future of our communities.

The SBA Underwriting Officer is responsible for the ongoing portfolio management, servicing, credit quality, and regulatory/SBA compliance of assigned U.S. Small Business Administration (SBA) government-guaranteed loans, including SBA 7(a), SBA Express, SBA 504 loans and State Government Small Business Loan Guarantee Programs (SBLGP) , as applicable. The SBA Underwriting Officer works closely with SBA Sales, Closing, Credit Administration, Loan Operations, branch/relationship teams and business partners or vendors to maintain strong borrower relationships and ensure that post-closing servicing actions are completed in accordance with the Bank's policies and procedures and applicable SBA requirements.

The PM is expected to proactively identify credit deterioration, documentation or servicing deficiencies, and other portfolio risks and to recommend timely corrective action.

• Underwrite and present SBA 7(a) loans, including Express and Small Loans, SBA 504 loans, and State Small Business Loan Guarantee Program (SBGLP) loans in accordance with applicable SBA SOP requirements, state program guidelines, and Bank credit policies.
• Perform comprehensive credit analysis, including historical and projected cash flow, debt service coverage, global cash flow, collateral evaluation, guarantor support, management experience, character, capacity, capital, credit history, and repayment
• Prepare complete and well-supported credit approval memoranda, including transaction background, loan purpose, sources and uses, financial analysis, projections, collateral analysis, risk assessment, mitigants, and recommended loan structure.
• Analyze business and personal financial statements, tax returns, interim financial statements, accounts receivable/payable aging, debt schedules, projections, purchase agreements, leases, franchise documents, and other supporting
• Determine borrower and transaction eligibility under SBA and SBGLP requirements, including eligible business type, ownership, use of proceeds, size standards, occupancy requirements, injection/equity requirements, and guarantor

• Recommend appropriate loan amount, term, amortization, interest rate, collateral structure, guaranties, covenants, and other credit conditions consistent with program requirements and the Bank's credit standards.
• Evaluate collateral adequacy, including commercial real estate, business assets, equipment, UCC collateral, and available personal collateral, and identify required appraisal, environmental, title, lien, and insurance documentation.
• Identify key credit risks, policy exceptions, program exceptions, and structural weaknesses, and recommend reasonable mitigating factors prior to credit approval.
• Present credit recommendations to the appropriate credit authority or loan committee and respond promptly to questions, conditions, and requests for additional analysis.

• Ensure SBA and SBGLP underwriting complies with applicable program requirements, Bank policies, regulatory standards, and delegated lending authority requirements.
• Review and verify required SBA forms and eligibility documentation,…