SBA Underwriter
East Los Angeles, 3626 E 1st St, Los Angeles, California, United States of America Fresno, 170 W Shaw Ave, Fresno, California, United States of America Oakland, 1438 Webster St Ste 100, Oakland, California, United States of America Pearl, 320 NW 10th Ave, Portland, Oregon, United States of America Seattle, 1501 E Madison St., Suite 100, Seattle, Washington, United States of America Req #9
Monday, June 21, 2021
Job Description
We seek for believers and supporters of enriching our local communities with us through our triple bottom line approach toward social justice, environmental resilience, and economic sustainability.
Who is Beneficial State Bank?
We are a community bank with the goal to change the banking system for the good of all people.
We are NOT your usual type of bank; we are a triple bottom line B Corp who believes in putting our people first, the planet second, and profit third.
We empower individuals, businesses, and nonprofits to become change-makers in delivering meaningful social justice and environmental outcomes.
Why you should work with us?
With Beneficial State Bank, you will take part in the journey of building a better banking industry by creating a healthy environment with economic prosperity through our triple bottom line approach toward social justice, environmental resilience, and economic sustainability.
The AVP, Underwriter on the SBA team is responsible for the underwriting and coordination in closing SBA 7(a) and 504 loans originated by the bank.
The position will support all of the bank’s markets in California, Oregon and Washington.
Underwriter is also responsible for spreading, managing, and maintaining financial background on present and prospective customers which includes performing special financial statement analysis involving complex and interlocking relationships.
ESSENTIAL DUTIES
Underwrites and coordinates in closing a range of SBA loan structures, property types and difficulty that conforms to bank policy and SBA SOP – thorough working knowledge of the SBA SOP is essential
Spreads, manages, and maintains the financial backgrounds of present and prospective customers
Performs special financial statements analysis involving moderately complex and interlocking relationship
Assists VP’s and SVP’s with implementing strategic programs and product development
May assist in the preparation of any reports required from Credit Administration
May train selected personnel or new hires in credit operation and/or financial statement analysis
May recommend changes to policies, strategies, cost-effectiveness, and possibly quality improvement
May contribute and manage a bank-wide specialty function of some scope and complexity in applying technical expertise
Provides support in quality control and consistency in underwriting of new and existing business by being the subject matter expert on forms, SBA SOP, and underwriting process of SBA loans
Partners with RM in customer calls for generating new businesses and expansion of existing core clientele as needed
Responsible for underwriting complex transaction and preparing term sheets in a timely fashion
Performs portfolio management functions for timely loan renewals and compliance with SBA guidelines and the SOP
May act as liaison between SBA team and Credit team
Contributes to ensure underwriting process operation efficiently and generates more closing and income to the Bank
Works closely with lending officer in all aspects of the loan request, structuring, and appraisal reviews
Mentors junior underwriters and analysts
Monitors borrower financial performance and covenants
Identifies risk factors and determine appropriates risk rating
Assists/prepares written credit memoranda and ancillary forms for complex credit facilities
Foster open dialogue and strong relationship with Credit Administration, Loan Operations, and other groups involved in the supporting line of business
May be required to attend bank sponsored events
Ensures compliance with all state and federal regulations and internal company policies, including but not limited to BSA Anti-Money Laundering, Fair Lending, Privacy, and Anti-Discrimination, to the extent each applies to current job responsibilities
Completes all online compliance training as assigned within specified due dates
Stay current with current SBA lending programs and SOP requirements
MINIMUM REQUIREMENTS
Bachelor degree in finance or an equivalent field of education and/or work experience combined
5+ years of SBA underwriting and analysis experience; preferably in a financial institution and banking environment
Previous experience in conventional C&I underwriting is a plus
Demonstrated expertise in core business of C&I and SBA Lending
Demonstrates knowledge of SBA 7(a) and 504 loan programs and the SOP
Proven depth knowledge and experience in appraisal methodology and financial statement analysis
Computer literacy in Microsoft application: Word, Excel, and Outlook
Effective oral, written, and interpersonal communication skills
Demonstrated strong analytical and project management skills for various tasks and projects involving multiple facets and variables
Excellent organizational and time management sills
Worked with minimal supervision in performing duties
What is the benefit package for this role?
Beneficial State Bank focus on team efforts and promotes a work-life harmony by offering a competitive benefit package that includes:
Medical/Dental/Vision/Life/STD/LTD
Vacation/Sick/Holiday
401(K)/FSA/HSA/EAP
Education and Adoption Assistance
Bank-wide Incentive and Bonus Programs
You are welcome here at Beneficial State bank .
We are an equal opportunity employer and all qualified applicants will receive consideration for employment regardless of race, color, religion, sex, sexual orientation, national origin, gender identity, disability or veteran status.
Other details
Pay Type
Salary