Underwriting Compliance Officer - Remote

Southern Bancorp
medical insurance, vision insurance, paid time off, paid holidays, 401(k)
United States, Arkansas, Little Rock
400 Hardin Road (Show on map)
Nov 08, 2024
Who We Are: Southern Bancorp is a different kind of bank. As a Community Development Financial Institution (CDFI), a special certification designated for institutions that serve predominantly underserved communities, Southern Bancorp combines traditional banking and lending services with financial development tools and public policy advocacy to help families and communities grow stronger. Inspired by the principle that building net worth drives economic opportunity, our mission is to be wealth builders for everyone in the communities we serve, with a focus on low-wealth and un(der)banked populations, as well as an emphasis on Black and Brown individuals. Job Summary Responsible for the analytical work in regards to Small Business Administration (SBA) loan applications, consistently underwriting safe and sound SBA loans that are in compliance with SBA & SBB underwriting standards. Responsibilities Conducts research and analysis of routine financial, tax, and credit document to determine the credit worthiness of applications and set appropriate limits based on current policy. Prepares financial statement spreads using financial documents, comparing to industry trends in order to evaluate the credit relationship and capacity to repay the entities or individuals debt. Reviews potential SBA loans on qualification. Analyzes credit requests to ensure they are in compliance with SBA eligibility and underwriting guidelines. Ensures cash flow analysis is consistently calculated, supported, documented, and appropriate notes provided. Attends SBA seminars as needed to stay up to date with the SBA SOP. Exhibits knowledge on Small Business Administration loan policy and stays current on any changes within policy along with SBA reporting information. Submits approved SBA/SBB loans into E-Tran. Prepares documentation for SBA Loan Reviews (annual loan reviews for the SBA and hired firms). Submits SBA Guaranty Forms - collecting on guaranty and liquidation process. Collaborates and communicates with all parties including loan processing team and loan operations team. Participates in a team effort to cross-sell bank and affiliate products and services. Performs other related duties as required or assigned. Requirements Education and Experience Bachelor's Degree in Finance, Business Management, Accounting or related field. Extensive experience in SBA banking environment, minimum of five years of SBA and commercial credit underwriting experience. Other Skills and Abilities: Excellent communication skills, both verbally and in writing, with customers and co-workers. Aptitude for completing project, individual, and company financial statement analysis using software and financial documentation, including E-Tran. Aptitude for preparing narrative analysis of financial ratios and trends. Must have a high proficiency in Microsoft Excel and ability to navigate databases. Must possess and maintain current and valid driver's license and a vehicle with appropriate insurance coverage. Ability to travel throughout our market for various meetings and appointments. Preferred Qualifications: Previous SBA & Commercial Credit underwriting and compliance experience for a bank, credit union, or related industry experience. Physical/Sensory Requirements While performing the duties of this job, the individual is: Regularly required to sit, talk, and hear; reach with hands and arms; and occasionally stand and walk, stoop, kneel or crouch May be required to lift or move up to 10 pounds occasionally Regular required to use computers, telephone, and other standard office equipment Physical Demand & Work Environment: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. #LI-remote What we offer our employees: A positive impact on Your Future: 401(k)/Roth plan with immediate eligibility and employer match up to 6% Employee stock ownership plan Discounted rate on primary home mortgage Credit and housing counseling as well as free financial education tools available to customers and employees Benefits to improve your health: No deductible medical insurance plan Dental and vision insurance Employer paid life and long-term disability insurance Flexible Spending Accounts The opportunity to nurture your well-being: Paid holidays and paid time off Bonus plan Opportunity for merit raises Employee reward and recognition programs Community service opportunities Southern Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, sexual orientation, gender identity, gender expression, status as a protected veteran, among other things, or status as a qualified individual with disability. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. As a Community Development Financial Institution, Southern Bancorp desires its workforce to reflect the diversity of the customers and communities that we serve. Racial and ethnic minorities, people from working class backgrounds, women and LGBTQ people are often underrepresented in many financial service industry professions. Therefore, we strongly encourage applications from people with these identities or who are members of other marginalized communities. This position is open only to candidates residing in the following states: AL, AR, FL, GA, LA, MS, MO, NC, SC, TN, and TX.