SBA Underwriter

Company: Regions Financial
Location: Birmingham
Posted on: January 15, 2021

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