SBA Underwriter, Sr

7 days ago

St Paul, MN, United States Old National Bank Full time
Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

Job Summary

The SBA Underwriter performs credit underwriting to support the loan origination process for SBA loans, while adhering to credit risk standards.

Salary Range

The salary range for this position is $51,700./Yr. - $153,000/Yr. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled.

Key Accountabilities

SBA Credit Underwriting
  • Underwrites loans with aggregate credit exposure based on complexity limits.
  • Compiles, analyzes, and documents loan data and credit risk, borrower and property information, and coordinates activity in support of credit approval process.
  • Investigates credit standards and determines credit worthiness and understands financial statements and reports for specific area of business.
  • Performs research and analysis related to loan projects, such as industry studies and management reports, when necessary.
SBA Credit Underwriting (SR Position Only)
  • Analyzes most complex financial and credit information for larger commercial business or high net worth customer loans according to business unit standards.
  • Underwrites high net worth loans with higher aggregate credit exposure and may manage a more complex portfolio and customer base.
  • Negotiates loan provisions, when needed.
  • Mentors or reviews analysis of less experienced underwriters
Key Competencies for Position

Makes Decisions & Solves Problems - Seeks deeper understanding and takes action.
  • Takes ownership of the problem while collaborating with others on a resolution with an appropriate level of urgency.
  • Collaborates and seeks to understands the root causes of problems.
  • Evaluates the implications of new information or events and recommends solutions using decisions that are sound based on what is known at the time.
  • Takes action that is consistent with available facts, constraints and probable consequences.
Strategy in Action - Build your strategic mindset capability.
  • Breaks down larger goals into smaller achievable goals and communicates how they are contributing to the broader goal.
  • Actively seeks to understand factors and trends that may influence role.
  • Anticipates risk and develop contingency plans to manage risks.
  • Identifies opportunities for improvement and seeks insights from other sources to generate potential solutions.
  • Aligns activities to meet individual, team and organizational goals.
Promotes Change - Seeks to understand and embrace change.
  • Actively seeks, information to understand the rationale, implications and impact for changes.
  • Remains agile by quickly modifying daily behavior, leveraging resources, and trying new approaches to effectively embrace change.
  • Willing to act quickly, learn and adjust as needed.
  • Identifies and recommends changes to leadership to improve performance.
Compelling Communication - Openly and effectively communicates with others.
  • Effectively and transparently shares information and ideas with others.
  • Tailors the delivery of communication in a way that engages the audience and that is easy to understand and retain.
  • Unites others towards common goal.
  • Asks for others' opinions and ideas and listens actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction.
Qualifications and Education Requirements
  • Bachelors Degree with concentration in Finance, Accounting or Economics and/or H.S. Diploma or GED with equivalent experience
  • 4+ years of experience in one of the following: underwriting, financial analysis or deal structuring in financial services, private banking, corporate/investment banking or capital markets
  • Competence in formal writing, organizational abilities of material, presentation skills, grammatical structure and accuracy, syntax and vocabulary; an ability to construct coherent sentences and paragraphs; technical financial writing experience is a plus.
  • Ability to make decisions independently in areas that may not necessarily be clearly defined.
  • Ability to successfully manage multiple tasks/projects and deadlines in an independent manner.
  • Strong analytical skills with high attention to detail and accuracy
  • Demonstrates a strong desire to be an effective member of a team. Characteristics include reliability, accountability, strong interpersonal and communication skills, as well as a willingness to assist others.
SBA Underwriter roles may vary - this position may be filled at a different level depending on the candidate's qualifications and relevant experience. Factors may include but are not limited to: previous SBA experience, depth and breadth of previous or current institution size - the same role for many years or a variety of roles in the same space over a number of years, skills, knowledge, underwriting expertise, previous performance and success factors, proven ability to collaborate to achieve sales targets year over year, education/certification/training (NAGGL desired), length of time in SBA industry as well as familiarity and expertise with in SBA 7a loan documentation and credit collateral procedures and SBA Standard Operating Procedures.

Key Measures of Success/Key Deliverables
  • Being able to be a self-starter
  • Key competencies in commercial/ business underwriting
  • Knowledge of SBA products and procedures.
FOR INTERNAL USE - Additional Qualifications and Education Requirements (SR Position Only)
  • 6+ years of experience in one of the following: underwriting, financial analysis or deal structuring in financial services, private banking, corporate/investment banking or capital markets
  • Advanced knowledge of SBA 7a loan documentation and credit collateral procedures desired
  • Advanced knowledge of SBA Standard Operating Procedures desired
  • Prior SBA training through National Association of Guaranteed Lending (NAGGL) desired

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