SBA Underwriter lll
LocationUS-PA-Conshohocken
Job ID
2024-2440Positions1Pay Status
Salaried / ExemptObjectiveAs part of the credit approval process for the SBA Finance Group, the SBA Underwriter III will take a primary role in performing the underwriting due diligence and in preparing the credit memorandum that will be presented for approval to the appropriate authority.
The Underwriter III will remain current on the Small Business Administration regulations and standard operating procedures, ensuring compliance with all Bank and Small Business Administration Regulations and operating procedures.Responsibilities/DutiesAnalyze corporate and personal financial statements, tax returns, other financial information provided by customers, and any due diligence (i.e. credit reports) in connection with any new loan request.
Working in conjunction with the RM, the underwriter will prepare complete underwriting memorandums, including financial projections with a sensitivity analysis, for submission to the appropriate approving authority.
Upon direction of the RM, interact with customers and/or their accountants in the credit analysis process when appropriate. May be requested to join the RM on visits to the customer or SBA conventions.
Maintains current knowledge of all related Small Business Administration regulations, bank policies, and regulatory requirements and helps determine Small Business Administration eligibility on loan requests.
Maintains or builds relationships with the Small Business Administration office, attorneys, and consultants to continue growth and development in knowledge and understanding of issues within Small Business Administration and the industry.
Ensure all Service Level Agreements, regulatory compliance requirements, and Bank's credit risk profiles and profitability are monitored and maintained.
Exhibits general understanding of organizational structures, documentation, and/or collateral structures.
Uses best practices to provide loan recommendations based on a review of all underwriting criteria for final approval.
Exercises adherence to internal portfolio/underwriting processes including timely and accurate data entry to Vikar and/or other centralized systems, as well as, maintaining high quality file documentation in a paperless environment.Essential FunctionsWhile performing the duties of this position, the employee will constantly be ascending and descending, moving about and lifting and raising objects. Occasionally, this position requires the ability to exert up to 50 pounds in the course of a day. This position will incur installing, operating and handling technical equipment such as personal computers, printers and servers on a daily basis. The employee will exchange information and communicate instructions to others. The employee will view and operate a computer terminal during sedentary work. Knowledge - Skills & AbilitiesCollege degree in accounting, finance, or related field.
3-5 years' experience as an SBA Underwriter.
Familiarity with SBA credit concepts and practices.
Demonstrated ability to apply judgment, take initiative, handle multiple priorities, and work under limited supervision.
Strong interpersonal skills and good oral written communication skills. A hard worker who possesses an attention to detail and is a team player.
Proficiency with Microsoft Office (Word, Excel, Outlook) and other systems/systems (Salesforce, Vikar) required to successfully perform the job function.Firstrust Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer. Minority/Female/Disabled/Veteran