SBA Underwriter II

Truliant Federal Credit Union - Matthews, NC

Full-time - Mid Level

Matthews, NC

Credit Intermediation and Related Activities

About the position

The SBA Underwriter II plays a crucial role in Truliant's SBA lending group, focusing on the credit administration function. This position is responsible for underwriting both SBA and traditional commercial loan requests, ensuring that all loan packages are prepared accurately for approval by the SBA and Member Business Loan Committee. The Underwriter will analyze historical financial information and assess both business and personal credit histories to determine loan eligibility and compliance with SBA Standard Operating Procedures (SOP). This role requires a deep understanding of the SBA lending process, including the ability to create financial projections and credit files that adhere to the SBA SOP manual procedures. In addition to underwriting, the SBA Underwriter II will generate comparisons of borrower data to industry trends and prepare credit memos that support loan approvals and recommendations. For larger loan requests, the Underwriter will create presentations for the SBA and Member Business Loan Committee, ensuring that all necessary information is clearly communicated. The position also involves conducting annual credit reviews and maintaining reports that track annual review relationships and the receipt of financials. The Underwriter will assist in the ongoing development and revision of business loan policies and procedures, as well as contribute to the management of the SBA loan portfolio's quality. As a backup resource, the Underwriter may review commercial real estate appraisals and EDRs when necessary. This role also serves as a resource for Business Lending Credit Theory to other Credit Union staff, ensuring that all SBA loan documentation is accurate and complete. Overall, the SBA Underwriter II is expected to work independently with minimal supervision while maintaining a strong commitment to providing excellent service to Truliant's members.

Responsibilities

• Underwrite SBA loan requests by analyzing historical financial information and credit histories.
• Apply knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for eligibility and accuracy.
• Create financial projections and credit files that conform to SBA SOP manual procedures.
• Generate comparisons of borrower data to industry trends and prepare credit memos for loan approvals.
• Create presentations for larger loan requests to the SBA and Member Business Loan Committee.
• Prepare annual credit reviews and update reports tracking annual review relationships.
• Assist with the development and revisions of business loan policies and procedures.
• Contribute to credit analysis for special asset relationships and develop strategies for management.
• Assist with SBA loan portfolio quality management and serve as a backup for reviewing commercial real estate appraisals.
• Act as a resource for Business Lending Credit Theory to other Credit Union staff.

Requirements

• Bachelor's degree or equivalent experience in Business, Finance, or a related field required.
• 5-7 years of SBA 7(a) credit underwriting experience required.
• Minimum of 3 years' experience in analyzing business financial statements and structuring business loan requests required.
• Strong working knowledge of SBA SOP, concepts, processes, functions, and regulations.
• Excellent knowledge of real estate loans, both investor and owner-occupied.
• Sound understanding of accounting procedures and concepts, with the ability to generate and analyze research data.
• Excellent communication skills in English, both verbal and written.
• Strong presentation skills and understanding of determining loan to values and basic EDR requirements.
• Ability to work with people at different job levels, from Senior Managers to front-line employees.
• Strong computer skills, including basic knowledge of MS Excel and Word.
• Detail-oriented with excellent time management and organizational skills.

Nice-to-haves

• Previous experience in financial services or business development related field preferred.

Benefits

• No-cost employee medical, dental, and vision coverage
• Prescription benefits (including mail order)
• Paid holidays and Paid Time Off (PTO)
• 401(k) plan with contribution matching
• Retirement/pension plan
• Paid community involvement volunteer hours
• Paid group life insurance
• Teammate loan discounts
• Tuition reimbursement
• Short and long-term disability
• Health & wellness program
• Teledoc (physician video conferencing)
• Onsite fitness facilities or health club reimbursement
• Employee Assistance Program (EAP)
• Medical flexible spending account
• Dependent care flexible spending account