SBA Underwriter Job at Customers Bank
At Customers Bank, we believe in working hard, working smart, working together to deliver memorable customer experiences and having fun. Our vision, mission, and values guide us along our path to achieve excellence. Passion, attitude, creativity, integrity, alignment, and execution are cornerstones of our behaviors. They define who we are as an organization and as individuals. Everyone is encouraged to have personal development plans. By doing so, our team members are on their way to achieve their highest potential and be successful in their personal and professional lives.
Location: Remote
Position Summary:
The SBA Underwriter position supports the Bank through analysis of financial information provided by borrowers and the preparation of analytical materials and credit memoranda. Assists in the loan approval process by providing accurate and timely analysis of assigned credits in accordance with the SBA SOP and Bank credit guidelines. This position is fully remote.
Responsibilities:
- Performs financial statement spreading and analysis on all assigned credits. This includes new loans and annual reviews for existing loans.
- Helps provide guidance to the SBA Credit Analyst in preparation of the Formal Credit Request (FCR).
- Prepares the SBA Credit Approval Memorandum in accordance with SOP and Bank guidelines.
- Performs research through available sources to complete credit analysis or to assist lenders in credit decision process.
- Assists lenders in maintenance of complete and updated credit files for all loans.
- Performs specialized reviews of collateral or loan exposures to customers as requested by lenders.
- Provides other credit administration support to lenders as necessary to manage credit risk and maintain high quality in the loan portfolio. Includes assistance in follow-up with clients on loan delinquencies and account overdrafts; preparation of Adverse Action Notices and collection of information for turndown and withdrawn application files; and follow-up on missing loan documents, insurance, etc.
Qualifications:
- 3-5 years’ of SBA 7a Credit Underwriting experience is required.
- Experience in preparation of credit memoranda is strongly required.
- Solid knowledge of accounting through college accounting degree or equivalent experience is required.
- Strong written and verbal communication skills are required.
- Microsoft Excel proficiency is required.
- Experience with Salesforce/nCino is a plus.
Customers Bank will provide consideration for employment to qualified applicants without regard to their race, color, religion, national origin, sex/ gender, sexual orientation, gender identity, protected veteran status or disability.
VEVRAA Federal Contractor, seeking priority referral of qualified protected veterans.
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