SBA Underwriter

Sba UnderwriterAt 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 ResponsibilitiesReviews each assigned SBA application following completion of the Pre-Underwriting Review processApplies knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for accuracy, completeness, and eligibilityConfirms accurate execution of tasks performed by SBA Underwriter IProvides mentoring and support for SBA Underwriter IPrimarily handles applications with total credit exposure of $350,000 and less, including all applications submitted through Regions' SBA Small Dollar ProgramPerforms analysis of financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantorsReviews business and personal credit reports, as well as industry and market dataIdentifies and properly mitigates all risks associated with each assigned SBA applicationPrepares an appropriately detailed credit memorandum outlining terms and conditions for loan closing, summarizing financial and business analysis, and addressing mitigation of all identified risksDemonstrates excellent working knowledge of all systems utilized by the departmentEligible for individual lending authority up to $500,000This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.This position is incentive eligible.RequirementsBachelor's degree in Accounting, Finance, or related fieldTwo (2) years of SBA experience, commercial loan underwriting, financial analysis or portfolio management experienceSkills and CompetenciesAbility to identify and voice issuesAbility to prioritize and operate with a sense of urgencyAbility to work collaboratively with multiple stakeholdersOrganized, detail-oriented, and able to multi-taskStrong analytical and problem solving skillsStrong verbal and written communication skillsThis position may be filled at a higher level depending on the candidate's qualifications and relevant experienceThis position is primarily responsible for servicing and managing Small Business Administration (SBA) loan portfolios, ensuring compliance with SBA guidelines and delivering exceptional client support throughout the loan lifecyclePosition Type: Full timeCompensation DetailsPay 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.Job Range Target:Minimum: $62,261.65 USDMedian: $81,960.00 USDIncentive 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 InformationPaid Vacation/Sick Time401K with Company MatchMedical, Dental and Vision BenefitsDisability BenefitsHealth Savings AccountFlexible Spending AccountLife InsuranceParental LeaveEmployee Assistance ProgramAssociate Volunteer ProgramLocation DetailsRiverchase Complex North BuildingLocation: Hoover, AlabamaEqual Opportunity Employer/including Disabled/Veterans