SBA Underwriter II

SBA Underwriter II

SBA Underwriter II







Job ID: SBMOSBA11-1181 Company Name: First Bank
Description:

Our Most Valuable Asset? Our People.
Dollars and cents aren't our only focus. At First Bank, we're about people. The type of people who are talented, responsible and seek rewarding careers. We encourage our employees to help us build a productive atmosphere of both personal and corporate growth. The result? Outstanding career paths for our employees; the best possible service for our customers; and a strong financial institution that represents trust, dignity and integrity.
Why First Bank?
* We’re not for sale! We’ve been First Bank since 1910 and we’re going to stay that way
* We trust our employees to achieve great things and we will work with you to develop your professional career
* We empower employees,fostering an entrepreneurial spirit that embraces self-responsibility without the pitfalls of micro-management
Although we're one of the most diverse banks in the nation, we’d like to be better known as your friendly bank down the street. The First Bank team is made up of the people who make up our community. Become a part of our dynamic company and make an impact in the following role:
SBA Underwriter II
In this dynamic role while working at our Hazelwood, MO loan center, your primary responsibilities will include being responsible for the credit analysis and underwriting of new Small Business (Business & Professional Banking) loans by the First Bank network to customers with total revenues generally up to $15,000,000. You will serve as a liaison for Federal SBA Lending programs throughout the bank, by coordinating the processing of all SBA loan applications. The SBA Underwriter II’s duties will also include performing the following duties:
Process business loan applications. This includes:
* Review all documents included in package from the banker, calling the banker as required to understand purpose of the loan and feasibility of loan request.
* Review eligibility issues within the loan request and complete sources and uses worksheet. This may include review of the SBA SOP and/or a phone call to the local SBA office
* Contact borrower to discuss request and loan structure
Recommend credit decisions based on initial credit analysis. This includes:
* Reviewing financial spreads completed in initial analysis work
* Apply information obtained from initial analysis to the bank and SBA underwriting and eligibility standards
* Review in B2B the applicant’s personal credit report, and Dun & Bradstreet summary report on the business entity to view filings, liens, judgments, etc.
* Determine industry type of applicant and apply industry ratios
* Prepare high-quality, detailed credit approval documents that contain an in-depth analysis and an understanding and identification of credit issues and risks.
* Decision loan requests within established timelines in accordance with the Bank’s Loan Policy and procedures.
* Consult with Underwriting Manager, Business Banker and Director of Government Guaranteed Lending (SBA) to recommend proper loan structuring that limits risk to the Bank.
* Spread last three years balance sheets and income statements, review pro-forma balance sheet, review projections, and complete collateral summary as needed and interpret financial statements, tax returns and projections utilizing Baker Hill software.
* Provide an initial response to the Business Banker within an established timeframe upon receipt and review of the completed loan submission package.
* Prepare commitment letters upon approval of loan request.
* Order and review appraisals and valuations (real estate, equipment, business, etc.) as required.
* Work closely with Management and Business Bankers to support efforts to meet lending goals and objectives.
* Maintain a satisfactory level of customer service to all (internal and external customers) and maintain satisfactory level of communication with all partners.
* Adhere to all compliance requirements established by Bank, including timely completion of online compliance training modules.
* Assist all partners (closing, portfolio, operations) in the closing and booking of commercial loans.
* Complete detailed credit memo and attach spreads to memo
Resolves issues within credit memo or applies recommendations to continue processing application. This includes:
* Review the request with the banker
* Clarify issues/questions with the borrower
* Prepare commitment letters upon approval of loan request. Included in the letter is the rate, term, collateral and amount of the loan, as well as condition and considerations
* Processes CCL’s signed by applicants. This includes:
* Make a copy of the signed commitment letter, page 1 of Credit Memo, and check for with cost center and loan information to Donna Castorino for processing
Prepare the SBA submission Package and obtain SBA approval:
* Complete 5 page loan reports in SBA format. Prepare SBA loan package for submission to SBA
* Corresponds with SBA district offices, applicants, business development officers, brokers, appraisers, EPA specialists, sellers and internal staff
* As each stage is completed, the date that the stage is complete is entered into the pipeline pletes acquisition of all documents for packaging through correspondence with all involved parties
* Obtains approval from SBA for business loan request
* For PLP loans, should obtain approval prior to loan report stage. This includes completing 5 page eligibility checklist for submission to Sacramento SBA District Office
* For GP loans, the complete package is sent to local SBA office (local, meaning district in which applicant business is located) with cover letter and loan report. Loan officer must make themselves available to SBA office to answer questions they may have.
We are seeking talented individuals with the following qualifications:

* Bachelor’s degree in accounting, finance, economics or another business-related degree is required
* Minimum 5 years work experience in credit underwriting and analysis with a commercial lending institution is required
* Minimum 3 years experience underwriting small business loans in the $500,000 to $3,000,000 range
* Working knowledge and understanding of SBA 7(a) and 504 programs along with their policies and procedures is a plus
* Proficiency in multiple computer applications and software is a must
* Should be able to provide leadership and workflow monitoring of department staff; be prepared to provide supervision in the absence of the department supervisor

EOE M/F/D/V

Requirements:


Required Expertise: Credit Administration - Credit Approval/Underwriting
Type of Job: Full Time
Work Location(s) MO - Hazelwood
Required Years of Experience: 5-7 years