SBA Underwriter
Company: Regions Financial
Location: Birmingham
Posted on: January 15, 2021
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Job Description:
Thank you for your interest in a career at Regions. At Regions,
we believe associates deserve more than just a job. We believe in
offering performance-driven individuals a place where they can
build a career a place to expect more opportunities. If you are
focused on results, dedicated to quality, strength and integrity,
and possess the drive to succeed, then we are your employer of
choice.Regions is dedicated to taking appropriate steps to
safeguard and protect private and personally identifiable
information you submit. The information that you submit will be
collected and reviewed by associates, consultants, and vendors of
Regions in order to evaluate your qualifications and experience for
job opportunities and will not be used for marketing purposes,
sold, or shared outside of Regions unless required by law. Such
information will be stored for a set period of time. You may
review, modify, or update your information by visiting and logging
into the careers section of the system.Job Description:At 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 I
and IIPrimarily handles applications with total credit exposure
greater than $350,000Periodically engages in pre-flight discussions
of prospective loan requests with SBA Bankers, Sales Managers, and
Credit LeadershipPerforms detailed 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 $750,000This 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 fieldFive (5) years of SBA experience, commercial loan
underwriting, financial analysis or portfolio management
experienceSkills and CompetenciesAbility to prioritize and operate
with a sense of urgencyStrong verbal and written communication
skillsOrganized, detail-oriented, and able to multi-taskStrong
analytical and problem solving skillsAbility to identify and voice
issuesAbility to work collaboratively with multiple stakeholdersMay
be filled at a higher level depending on qualifications and
relevant experience.Position TypeFull timeLocation
DetailsRiverchase SouthLocation:Hoover, AlabamaBring Your Whole
Self to Work We have a passion for creating an inclusive
environment that promotes and values diversity of race, color,
national origin, religion, age, sexual orientation, gender
identity, disability, veteran status, genetic information, sex,
pregnancy, and many other primary and secondary dimensions that
make each of us unique as individuals and provide valuable
perspective that makes us a better company and employer. More
importantly, we recognize that creating a workplace where everyone,
regardless of background, can do their best work is the right thing
to do.OFCCP Disclosure: Equal Opportunity
Employer/Disabled/Veterans Full time
Keywords: Regions Financial, Birmingham , SBA Underwriter, Other , Birmingham, Alabama
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