SBA Loan Underwriter III - Team Lead

Job Details

About the Role :

As the SBA Loan Underwriter III – Team Lead, you will be responsible for managing a group of underwriters to provide the initial step in the bank’s overall Credit Risk Management process over the SBA loan portfolio. You will be a financial expert who analyzes the financial condition of prospective SBA borrowers and assesses how much risk First IB will be assuming if a decision is made to approve a loan request. More specifically, underwriters evaluate credit history, assets, liabilities, cash flows and other factors to determine a borrower’s ability to pay back a loan request. You will work closely with bank management and other members of the SBA lending function to ensure that loans meet SBA requirements and close in a timely manner.

What You Will Do :

• Lead a team of Underwriters and provides direction to said members in guidance of preparing loan summaries, including one-on-one discussion of loans and reviewing of work prior to submission to the SBA Credit Manager for final review for approval.
• Manage performance and workload of Underwriters alongside the SBA Credit Manager.
• Contribute to SBA Underwriting overall vision and goals and suggests credit policy changes as needed.
• Work closely with Vice President, Senior Credit Officer, Vice President, National SBA Sales Manager, and Business Development Officers (BDOs) on potential deals.
• Underwrite primarily SBA 7(a) loans, Express Loans, and loans up to program maximums for a lender possessing a national lending footprint.
• Ensure request meets both SBA SOP requirement and Bank Credit Policy / Guidelines.
• Maintain up to date knowledge of current SOP requirements through continuous learning individually and through NAGGL and / or other outlets.
• Present credit write-ups in a concise, consistent, organized fashion, fully supported with proper justification / rationale.
• Use critical thinking skills / research to provide recommendations for credit decisions.
• Collect, spread, analyze and evaluate financial and related data to determine credit worthiness of prospective or existing borrowers in adherence with First Internet Bank Credit Guidelines / Policy and SBA SOP requirements.
• Perform financial analysis including pro-forma balance sheet analysis, working capital adequacy, leverage positions, collateral shortfall, ratio analysis, etc.
• Conduct complex conversations with potential business owners about prospective deals to reach consensus and conclusion.
• Perform joint calls with BDOs and prospective Borrowers to answer any questions and gain understanding of the proposed transaction.
• Notify Borrower and / or BDOs of underwriting decisions, underwriting requirements, current status, and declinations. Negotiate with Borrower / BDOs to reach positive solution for both Bank and Borrower.
• Prepare Commitment Letters in adherence to loan conditions once loan has been approved.
• Review third party reports including appraisals, business valuations, RSRAs, and Phase I / II environmental reports to ensure consistency with approval requirements.
• Analyze and craft solutions to accommodate changes to the SBA loan request on a post-approval basis via change memos.
• Assist in preparing for periodic portfolio reviews conducted by regulatory agencies, loan review and internal audit.
• Prepare draft responses to audits, reviews and regulatory exam reports as requested.
• Train new or junior staff.
• Perform other duties / projects as assigned.

What We're Looking For :

Working Conditions / Demands :

Who Are We?

We’re not just another bank and we’re not looking for just another employee. Since , First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes, we really were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since.

We seek the game changers, the innovators…those who challenge the status quo because change really is the only constant. Ready to join a team of imaginative, driven individuals like you? It’s your career, you deserve to imagine more. Keep reading, we think you will like you what see.

Why Join Us?

Our success has been driven, in part, by four core competencies – customer focus, teamwork, adaptability and initiative. Collectively they define our actions and are at the heart of all we do. As a result, we’ve been fortunate to have been named numerous times as an Indianapolis Star Top Workplace and one of the Best Banks to Work For! Headquartered in downtown Fishers, our newly-built, state-of-the-art , square foot facility headquarters was designed with our team in mind and features an 18, square foot open air deck named “The Backyard”, with fire pits, covered pergola, waterfall and foliage to create a momentary escape from the work day. Beyond that, the onsite fitness center with the latest equipment and ergonomically-designed workstations help promote health and wellness. Have we mentioned free snacks, soft drinks and beer available on tap? Want more? How about unlimited volunteer time off and social events to bring us all together to have some more. Why just imagine more, take the “first” step and apply today.

Our benefits package includes the following and so much more :