Senior SBA Underwriter

2 weeks ago


Birmingham, Alabama, United States First Horizon Full time
About the Role

We are seeking a highly skilled Senior SBA Underwriter to join our team at First Horizon. As a key member of our underwriting team, you will be responsible for evaluating Small Business Administration (SBA) loan applications and making recommendations to senior credit officers.

Key Responsibilities
  • Conduct in-depth analysis of financial information to determine credit worthiness of loan prospects
  • Analyze and evaluate financial and related data to determine credit worthiness of loan prospects and merits of specific loan requests
  • Collaborate with Product Specialists and Relationship Managers to gather all necessary information to present an accurate and complete picture of the loan presented
  • Prepare high-quality, detailed credit approval documents that contain an in-depth analysis and an understanding and identification of credit issues and risks in accordance with the SBA's SOP
  • Outline the risks and mitigating factors of a credit facility based upon the analysis of business and personal financial statements, collateral, global cash flow, economic and industrial factors, and debt service capacity
  • Spread and interpret financial statements, tax returns, and projections using Excel and CreditLens
  • Provide additional recommendations on loan structure and alternatives that may be more appropriate for the transaction
  • Assignment of accurate risk ratings for new loans
  • Follow all Bank policies and procedures to ensure compliance with all laws and regulations
  • Meet or exceed service level agreements
  • Prepare Credit Memorandums
Requirements
  • Bachelor's degree required for consideration or equivalent combination of education and experience
  • Eight (8) years or more of commercial credit underwriting experience with at least 5 years of SBA underwriting experience
  • Fundamental understanding of commercial credit underwriting with an emphasis on SBA
  • Above-average knowledge of the SBA SOP 50-10
  • Ability to interact with all levels of clients, staff, and management
  • Ability to offer appropriate resolutions to mitigate risk
  • Ability to think independently and as a team player
  • Must be organized and detail-oriented with the ability to multitask
  • Ability to work under pressure to meet deadlines
  • Good written and oral communication skills
  • Strong MS Office skills, especially with Excel
  • Knowledge of Moody's CreditLens preferred
  • Knowledge of nCino preferred


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