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SBA Underwriter

4 months ago


Wilmington, United States WSFS Bank Full time

Job Description The SBA Underwriter is responsible for underwriting business purpose loans of $5 million or less under the guidance of both the SBA and Bank Lending Policy, ensuring the Bank’s standard of risk/credit quality and associated procedures are met
This team member will review, analyze, and render loan decisions for applications for SBA 7(a) loans as per current SOP requirements
This position will review complex loan structures, eligibility, financial information (business & personal) and relevant analysis (credit bureaus etc.) The credit analysis being a vital component to SBA/Bank Credit Risk Profile, the SBA Underwriter must analyze and provide guidance surrounding crucial ratios/complete financial analysis, business/guarantor profile, etc
to assist in assessing creditworthiness of an applicant
The incumbent will also obtain the appropriate approvals on requests outside of assigned credit authority as well as document the appropriate denial information to ensure the accurate preparation of all denial letters
The incumbent will assist in SBA Audits and Compliance requests
The SBA Underwriter will also work with Leadership to develop strategy for processes and improvements within the SBA team
Minimum Qualifications: Must have a bachelor’s degree, or equivalent work experience
Must have 2-4 years of credit review experience, preferably underwriting SBA loans
Must possess a strong background reviewing personal and business financial statements, with proven ability to render sound credit decision on own authority
A strong understanding of SBA SOP is preferred
Must have a strong knowledge in business credit underwriting and analysis, including the review and interpretation of client financial statements and tax returns, review and understanding of data in both personal and business bureaus and a familiarization with Dun & Bradstreet
Proficiency in Excel is required
Must possess excellent oral and written communications skills to interact with both internal and external customers
Must have strong PC spreadsheet skills and excellent analytical skills
This position requires independent thinking in collaboration with other professionals to address financial issues
Must have thorough knowledge of credit and regulatory policy
WSFS Bank is inclusive and supportive of individual needs
If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at

careers@wsfsbank.com
WSFS is an equal opportunity employer
We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics
At WSFS Bank we empower our Associates to forge the careers of their dreams, we guide our Customers to secure their financial futures, and we actively support our Communities so they can fully thrive
We know that when we work together and move forward with purpose a brighter path to the future lies ahead for our Associates, our Customers, and the Communities we serve
WSFS Financial Corporation (WSFS) is a multibillion-dollar financial services company
Its primary subsidiary, WSFS Bank, is the oldest and largest locally-headquartered bank and trust company in the Greater Philadelphia and Delaware region
As of March 31, 2023, WSFS Financial Corporation had $20.3 billion in assets on its balance sheet and $65.6 billion in assets under management and administration
WSFS operates from 119 offices, 92 of which are banking offices, located in Pennsylvania (61), Delaware (39), New Jersey (17), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management
Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, Powdermill® Financial Solutions, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments
Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name.