SBA Servicing Underwriting

Mechanics Bank is currently searching for a SBA Servicing Underwriting & Portfolio Manager to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role will be working on-site in Seattle, Washington.

This role is critical in supporting the Bank's SBA lending initiatives by performing in-depth credit analysis and credit risk assessment for assigned loans in the Bank's SBA portfolio to meet compliance with SBA guidelines and Mechanics Bank credit policies and procedures. This position requires expertise in SBA loan programs (7(a), 504, SBA Express), cash flow analysis, evaluating financials statements, business and personal tax returns analysis, covenant compliance monitoring and understanding legal rights of Lender under the loan documents.

What you will do:

* Portfolio Management:

• Own full management of assigned SBA loans portfolio.

• Correspond with/contact Borrowers directly on a regular basis to discuss all issues.

• Analyze and complete spreads from financial statements, tax returns, and cash flow analysis for existing SBA loans.

• Ensure adherence to SBA SOPs, internal credit policies and regulatory requirements.
  

* Credit Risk Management:

• Perform in annual loan reviews to determine the appropriate risk rating of the portfolio.

• Monitoring credit risk based on financial statement analysis and covenant compliance.

• Prepare detailed credit memoranda with risk rating assessments and recommendations. Monitor borrower performance, payment delinquencies, and help identify potential credit risks.

• Prepare and mail out letters requesting financials, notifying loan defaults (NODs), etc. for credit risk management.
  

* Support portfolio management and reporting activities:

• Review tickler reports and follow up with borrowers to obtain outstanding financial conditions.

• Request for waivers with supporting documentations for financial conditions and/or covenant violations. Assist with watch and problem loan reports to develop problem loan credit solutions.
  

* Review and analyze any third-party exhibits such as appraisals, environmental questionnaires/Phase I & II reports, legal documents such as business organization documents, UCC lien searches, title reports, credit reports, etc.

* When appropriate, assist in the liquidation process ensuring that the government guarantee is protected and collaborate with and provide support to the Bank's assigned special assets team.

* Other duties as assigned

Who you are:

• High school diploma or GED is required.

• Minimum of 5 years of experience in SBA and Commercial Loans Underwriting is required.

• Undergraduate degree in Finance, Business, Accounting, or related field is preferred.

• Additional experience may be considered in lieu of a degree.

• Knowledge of Servicing and Origination SBA SOPs in force.

• Intermediate-level credit analysis skills.

• Adequate math, accounting and finance skills.

• Current and comprehensive knowledge of SBA products and SOPs.

• Excellent written and verbal communication skills.

• Ability to multitask and prioritize.

• Ability to work in a fast paced, production environment with time constraints.

• Self-starter, results and process oriented, collaborative team player.

• Ability to give and take direction.

• Proficient in Word, Excel and commercial credit analysis programs.

• Knowledgeable in loan documentation and real estate and commercial lending vocabulary.

• Experience with SBA Liquidation process is a plus.

ADA Requirements

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.

• The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.

• The employee must occasionally lift and/or move up to 10 pounds. * Specific vision abilities required by this job include close vision.

• The noise level in the work environment is usually moderate.

#LI-DNI

Pay Range: $85,000.00 - $125,000.00 annually

AIP/Bonus: up to 10%

Eligible for commission and incentive plans

Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire.
Benefits package includes[1]:

• Medical, prescription, dental, and vision coverage for employees and their eligible family members

• Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits

• Health Savings Account with employer contribution

• Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit

• 401(k) and Roth 401(k) with company contribution

• 529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program

• Supplemental Health plans, Voluntary Legal and Identity Theft Services

• 11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year

• Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)

Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.

• Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.

• Please view Equal Employment Opportunity Posters provided by OFCCPhere.

• To learn more about Mechanics Bank's California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit

  California Privacy Policy for Prospective Employees | Mechanics Bank

[1] The benefits listed in this job posting reflect the Bank's most reasonable and genuinely expected benefits offered for this position.