Windsor Advantage - SBA Underwriter IV

Capital Bancorp Plc - Chicago, IL

Full-time - Mid Level

Remote - Chicago, IL

Credit Intermediation and Related Activities

About the position

The SBA Underwriter IV at Windsor Advantage plays a crucial role in assisting lenders with SBA loan requests by preparing comprehensive assessments of eligibility, managing loan applications, and ensuring compliance with SBA guidelines. This position requires a strong understanding of creditworthiness analysis, financial documentation, and effective communication with lenders and borrowers to facilitate the loan process efficiently.

Responsibilities

• Prepare, review, and analyze the creditworthiness of all applicant's loan requests by spreading company and personal financial statements.
• Manage loan applications, assisting various lenders, banks, and credit unions with their borrowers through effective communication.
• Inform lenders of SBA guidelines for loan structure, maximum rate, and term based on the loan requested.
• Assist lenders in preparing the sources and uses of the loan request, including reviewing construction budgets and purchase agreements.
• Prepare a collateral table to assess the adequacy of business assets and apply SBA liquidation percentages.
• Conduct a business overview to discuss the business description, history, and market analysis.
• Spread historical and projected financial documents to determine cash flow and repayment capabilities.
• Analyze projection assumptions and determine projected break-even scenarios.
• Discuss RMA Common Size ratios in comparison to the borrower's revenues and expenses.
• Analyze and spread affiliate businesses to ensure they do not strain the applicant's financials.
• Prepare a global cash flow and rate sensitivity spreads to meet SOP guidelines.
• Spread historical balance sheets and prepare pro-forma balance sheets to assess transaction impacts.
• Review CAIVRS for delinquent Federal debt and ensure compliance with SBA requirements.
• Work with the Underwriting Team to improve the underwriting process and client experience.
• Collaborate with the packager/closer team for a smooth transition in the SBA process.
• Ensure the security and confidentiality of private customer information.

Requirements

• A bachelor's degree in finance, accounting, or a related area; or equivalent relevant experience.
• Minimum 6 years of processing/servicing experience.
• Minimum of 3 years of commercial/SBA underwriting experience.
• Underwriting experience of loan amounts $2MM or higher.
• Recent underwriting experience in a high-volume environment with full knowledge of lending requirements and regulations.

Nice-to-haves

• Strong verbal and written communication skills.
• Creative thinker and proactive problem solver.
• Organized and detail-oriented.
• Strong computer skills, including knowledge of Microsoft Office Suite and commercial lending systems.
• Solid understanding of credit lending for various loan types.

Benefits

• Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, and Disability Insurance.
• Company contributions to your 401k, regardless of your contribution.
• Employee perks including Employee Recognition Program, Commuter Benefits, and Employee Banking Discounts.
• Generous Paid Time Off and Paid Holidays.