SBA Underwriter

Overview

Thank you for your interest in a career ions believes associates deserve more than just a job and offers performance-driven individuals a place to build a career with opportunities for growth. If you are focused on results, dedicated to quality, strength and integrity, Regions may be your employer of choice.

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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 the 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.

• 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
• Primarily handles applications with total credit exposure of $350,000 and less, including all applications submitted through Regions’ SBA Small Dollar Program
• Performs 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 $500,000

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.

• Bachelor's degree in Accounting, Finance, or related field
• Two (2) years of SBA experience, commercial loan underwriting, financial analysis or portfolio management experience

• 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
• This position is primarily responsible for servicing and managing Small Business Administration (SBA) loan portfolios, ensuring compliance with SBA guidelines and delivering exceptional client support throughout the loan lifecycle

Position Type Full time

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 performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:
$62,261.65 USD

Median:

$81,960.00 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.

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and…