SBA Credit Officer
Posting Date: 03/31/2021
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Bacherlors degree (B.A) from a four-year college or university; a minimum of one to three years related experience in underwriting or analytics; or equivalent combination of education and experience.
Receive and respond to requests for servicing actions on existing loan portfolio, including but not limited to collateral releases, substitutions, subordinations and other related actions. Spread and Analyze borrower’s/guarantor financial performance, credit reports, available collateral and other documentation to determine ongoing credit worthiness and loan support. Prepare credit authorization and write-up for servicing action requests. Recommend approval or decline through appropriate analysis and supporting documents and according to Bank policy and SBA and other established regulatory guidelines. Follow for concurrence and communicate Bank/SBA decision to borrower according to and within regulatory guidelines. Prepare documentation to complete servicing actions, complying with all actions required to protect the SBA/B&I guarantee. Close service action documentation with borrower and related parties. Follow for timely submission of monthly payments through oral communication and inquiry with the customer. Identify the need for further action as related to delinquent payments and notify the SVP/SBA Department Manager. Assist SVP/SBA Department Manager in monitoring loan performance and recommending risk grade changes based on changes in risk factors including, but not limited to, financial performance, payment performance, and change in collateral value. Analyzes applicant financial status, credit, and property evaluation to determine feasibility of granting loan. Negotiates structure and pricing of SBA credit facilities. Responsible for determining SBA eligibility prior to approval. Ensure compliance with regulatory requirements and timely loan application decisions.
Responsible for receiving and responding to servicing action requests on the existing loan portfolio, including pre-screening requests, determining information needed to process the request, preparing required approvals and documents, and closing with borrower and related parties. Responsible for assisting underwriters in reviewing and analyzing credit requests, financial statement, available collateral, credit reports, and other supporting documentation, and making formal recommendations for decision on SBA deals.
Benefits include competitive salary, bonus plan, medical, dental, group life & long term care insurance, vision care reimbursement, 401(k), and tuition reimbursement program, and a health club allowance.