SBA Underwriter

GENERAL SUMMARY (What is done and why) The SBA Underwriter for United Federal Credit Union underwrites SBA loan applications submitted by the SBA Business Development Officers and recommends credit decisions according to the Government Guaranteed Loan Policy and the SBA Operating Procedures. ESSENTIAL FUNCTIONS, IN PRIORITY ORDER (Majority of duties, but not meant to be all inclusive or prevent other duties from being assigned as necessary) · Responsible for properly underwriting SBA transactions to protect guaranty; requirements may vary by program type. · Review all borrower financial information, prepare cash flow models, and analyze credit worthiness and SBA eligibility to recommend loan decisions in a timely manner. · Ensure requests meet both SBA and UFCU credit policy guidelines; when in conflict defer to the stricter of the two but meet at least minimum SBA requirements. · Coordinate with SBA team members on specific loan requirements by transaction. · Follow approval process according to UFCU SBA policy. · Notify team of credit decision. · Prepare change memos as appropriate to the approved credit. · Review Third Party reports: o Business Valuations o Environmental Reports o Appraisals o Other due diligence as needed · Establish and maintain collaborative partnerships with SBA team members and Applicants. · Thorough knowledge and compliance with Credit Union and SBA lending policies and regulatory requirements. · Participate in ongoing SBA training to enhance skills, ensuring adherence to all SBA program requirements. · Assist with UFCU policy modifications pertaining to SBA. · Work on special projects and other related duties as assigned. Education (Minimum education required to perform the duties of this position) · Bachelor’s degree in Business, Finance, Economics, or a related field. Experience (Minimum experience required to perform the duties of this position) · Minimum two years of SBA underwriting experience. Knowledge, Skills and Abilities (Minimum technical and communication skill levels and licenses/certificates normally required to perform the duties of this position) · Proficiency in Microsoft Word and Excel. · Ability to prioritize and handle demanding tasks simultaneously. · Strong analytical skills along with the ability to write in a concise, logical manner to document transaction risks and mitigants. · Exceptional verbal and written communication, as well as strong interpersonal skills. Required Competencies · Problem Solving · Dealing with Ambiguity · Time Management · Demonstrates Courage · Drive for Results · Interpersonal Savvy · Customer Focus · Integrity and Trust · Self-Development · Business Acumen Mental Requirements · Ability to work under pressure. · Proven problem-solving abilities. · Ability to analyze and evaluate information. · Ability to interpret policies, guidelines and regulations. · Ability to concentrate in a multi-task environment. · Ability to work independently. Tools and Equipment Used · All available general office equipment as needed. · All available computer software and hardware as needed. Working Relationships/Contacts (Positions with which incumbent has frequent contact) · Daily, personal/written/phone contact with Credit Union staff · Daily, personal/written/phone contact with Credit Union managers · Daily, personal/written/phone contact with third party vendors Physical Demands (Physical effort generally associated with this position) Work involves standing and walking for brief periods of time, but most work is done from a seated position. Must have mobility to move throughout the Credit Union as necessary. There is potential for eyestrain from reading the computer screen. Deadlines, workloads and pressure to achieve goals may cause increased stress levels. Working Conditions ( Typical working conditions associated with this type of work and environmental hazards, if any, that may be encountered in performing the duties of this position) Internal - Work is normally performed in climate-controlled office environment, where exposure to conditions of extreme heat/cold, poor ventilation, fumes and gases is very limited. Noise level is moderate and includes sounds of normal office equipment (computers, telephones, etc). No known environmental hazards are encountered in normal performance of duties. Length of day is unpredictable; long hours may be required to accommodate deadlines or special meetings. External - Some travel may be required; however, information on environmental conditions is not available. EOE/Vets/Disability