SBA Underwriter

FitzGerald Financial Group - Division of TowneBank Mortgage • Charlotte, NC

7d

About The Position

The SBA Underwriter provides credit analysis for all Government Guaranteed Loans.

Requirements

• Bachelor’s degree in business, finance, or equivalent experience.
• A minimum of 5+ years’ banking experience in Guaranteed Government lending. Previous business development experience is essential. experience.
• Deep knowledge of the SBA’s SOP, and related regulations.
• Network of people and resources within the SBA and related organizations.
• Knowledge and ability to use SBA systems are necessary to perform under the bank’s PLP SBA status.
• Ability to coach and develop staff.
• Ability to think strategically about staff, competitive position relative to a market, and plan actions accordingly.
• Knowledge of business development planning and management at an office level.
• Skilled in managing the risk management controls and activities of a lending office.
• Thorough knowledge of lending policies and procedures.
• Extensive knowledge of commercial banking services.
• Excellent managerial, communication, and sales skills.
• Proficient in computer software, fulfilling the principal responsibilities of the job.
• Familiarity with online computer systems.
• Proficient with statement spreading programs.
• Above average courtesy and tact in dealing with community and peers.
• Strong professional, appearance, dress, attitude, interpersonal and communications skills.
• Ability to perform independently and with minimal supervision.

Responsibilities

• Underwrite loan to SBA credit policy
• Prepare detailed spreads on businesses
• Prepare detailed cash flow analysis of business applying for loan
• Perform research activities including gathering information on actual and prospective borrowers through inquiries and investigations and in-house information on borrowers relative to loan activity, credit worthiness, profitability and affiliate relationships
• Prepare global cash flow analysis to include personal and affiliate businesses
• Make sure loan complies with SBA Standard Operating Procedures
• Review tax transcripts
• Prepare credit approval memorandum
• Interview borrower(s) in regard to loan request
• Recommend approval or declination of credit to proper signing authority
• Prepare commitment letters
• Other duties as assigned
• Obeys all applicable federal laws, rules, and regulations relating to Anti-Money Laundering (AML) including the Bank Secrecy Act (BSA)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level