SBA Underwriter

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Job Description :

At Regions, the SBA Underwriter provides underwriting support for the Regions SBA Portfolio. This position serves as the primary evaluation point for SBA loan requests with responsibilities including reviewing applications against approval checklist by product type, completing initial eligibility analysis, financial statement spreading, detailed analysis of repayment capacity and financial metrics, and initial Credit Approval Package preparation. The SBA Underwriter may also provide the initial framework for various credit servicing activities, including establishing requirements for ongoing monitoring of financial statements, ratios or other performance metrics, collateral management, and overall performance of SBA loans.

Primary Responsibilities

Reviews each assigned SBA application following completion of the Pre-Underwriting Review process

Applies knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for accuracy, completeness, and eligibility

Confirms accurate execution of tasks performed by the SBA Underwriter I

Provides mentoring and support for SBA Underwriter I and II

Assists with various administrative functions in support and in absence of the SBA Underwriting Manager

Primarily handles complex applications with total credit exposure greater than $350,000

Frequently engages in pre-flight discussions of prospective loan requests with SBA Bankers, Sales Managers, and Credit Leadership

Performs detailed analysis of financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors

Reviews business and personal credit reports, as well as industry and market data

Periodically engages in direct conversations with Regions SBA loan customers through coordination with SBA Bankers and Credit Leadership

Identifies and properly mitigates all risks associated with each assigned SBA application

Prepares an appropriately detailed credit memorandum outlining terms and conditions for loan closing, summarizing financial and business analysis, and addressing mitigation of all identified risks

Demonstrates excellent working knowledge of all systems utilized by the department

Eligible for individual lending authority up to $1,000,000

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

This position is incentive eligible.

Requirements

Bachelor's degree in Accounting, Finance, or related field

Seven (7) years of SBA experience, commercial loan underwriting, financial analysis or portfolio management experience

Skills and Competences

Ability to identify and voice issues

Ability to prioritize and operate with a sense of urgency

Ability to work collaboratively with multiple stakeholders

Organized, detail-oriented, and able to multi-task

Strong analytical and problem-solving skills

Strong verbal and written communication skills

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include : experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target : Minimum :

$95,874.90 USD

Median : $129,200.00 USD

Incentive Pay Plans :

This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. () Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

Paid Vacation / Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Disability Benefits

Health Savings Account

Flexible Spending Account

Life Insurance

Parental Leave

Employee Assistance Program

Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.

Location Details

Riverchase Complex North Building

Location : Hoover, Alabama

Equal Opportunity Employer / including Disabled / Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.