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 at Truliant Federal Credit Union is responsible for the credit administration function within the SBA lending group. This role involves underwriting both SBA and traditional commercial loan requests, preparing loan packages for approval, and ensuring compliance with SBA Standard Operating Procedures. The position emphasizes member service and aims to provide straightforward financial solutions while maintaining high standards of accuracy and thoroughness in financial analysis and documentation.

Responsibilities

• Underwrites SBA loan requests by analyzing historical financial information and credit histories.
• Applies knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for eligibility and completeness.
• Creates financial projections and credit files that conform to SBA SOP manual procedures.
• Generates comparisons of borrower data to industry trends and prepares credit memos for loan approvals.
• Prepares presentations for larger loan requests to the SBA and Member Business Loan Committee.
• Conducts annual credit reviews and updates reports tracking annual review relationships.
• Assists with the development and revision of business loan policies and procedures.
• Provides credit analysis for special asset relationships and develops strategies for management.
• Acts as a resource for Business Lending Credit Theory to other Credit Union staff.
• Reviews commercial real estate appraisals and EDRs as needed.

Requirements

• Bachelor's degree 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, and regulations.
• Excellent knowledge of real estate loans, both investor and owner-occupied.
• Sound understanding of accounting procedures and financial analysis techniques.
• Strong communication skills in English, both verbal and written.
• Strong presentation skills and ability to determine loan to values and basic EDR requirements.
• Detail-oriented with excellent time management and organizational skills.

Nice-to-haves

• Previous experience in financial services or business development preferred.

Benefits

• Wellness program
• Disability insurance
• Dental insurance
• Flexible spending account
• Tuition reimbursement
• Paid time off
• Employee assistance program
• Vision insurance
• 401(k) matching
• Life insurance