Senior SBA Underwriter

Job Description:

Senior SBA Underwriter will be responsible for making recommendations to the person(s) making the final lending decisions on new, renewal and extension loans to approve or deny the extension of credit, with an emphasis on those credits with most complex credit structures. Prior to advising the person(s) making the final credit decision, the Senior SBA Underwriter conducts a complete credit analysis including gathering, analyzing, and interpreting all types of credit information on existing and prospective customers. Reviews customer accounts and portfolios to identify, evaluate and determine the appropriate course of action on potential credit quality issues to maximize credit quality and minimize risk and potential loss to the company. May use technological tools, including computer software, to assist in the credit analysis process by helping evaluate a particular credit or a portfolio. The Credit Analyst will use such tools to compare and evaluate possible courses of action and will make recommendations and/or decisions after various possibilities are considered. SBA Senior Underwriter will attend NAGGL, SBA, and other relevant training classes to ensure knowledge and understanding of SBA policies and procedures is current.

Duties and Responsibilities:

• Supports SBA Loan Production by maintaining an individual pipeline of work in a high production SBA lending environment. A Senior SBA Underwriter is expected to maintain a larger pipeline and be able to manage multiple larger and more complex credit structures with higher loan amounts.
• Loans would typically include those with most complex credit structures up to the exposure limits established in the SBA SOP or Cadence General Loan Policy
• Reviews all financial and credit application information and third-party reports to make sound credit decisions. Loans would typically include those with most complex credit structures and customer exposure up to the limits established in the SBA SOP or Cadence General Loan Policy
• Reviews all financial and credit application information to make sound credit decisions. Loans would typically include those with most complex credit structures and customer exposure up to the limits established in the SBA SOP or Cadence General Loan Policy
  
  
  
  • Appropriately assess risk profile of borrower.
  • Communication with those persons that are part of the credit request (Borrower, Guarantor, Affiliates, CPA/Accounts, and other Parties) is required.
  • Assist with training and mentoring new hires as well as providing support for Standard SBA Underwriters as needed.
  • Tasks as needed to support the line of business.
  • Act as back up for their manager as needed for team meetings, vetting new requests and ither duties as delegated.
  • Collaborate and communicate with credit, production, closing, and servicing groups within the SBA Vertical to help meet or exceed department goals.
  
  
  
  
• Performs other duties as assigned.

Requirements

• Must have 5 years of relevant SBA underwriting experience or a related field.
• Bachelor's Degree in Accounting, Finance and/or equivalent experience preferred.
• Deep Understanding of the current and relevant SBA SOP and other such guidelines
• Knowledge, experience, and familiarity with Franchise Lending in a SBA environment is considered a plus, especially for an Underwriter that will focus on Franchise Lending within he Franchise Team
• Prefer strong knowledge of commercial banking credit policies and procedures, credit/financial statement analysis, loan structuring and cash flow analysis.
• Advanced working knowledge of accounting principles, tax return analysis and analytical interpretation of balance sheet and income statement analysis and cash flow.
• Experience reviewing third-party reports including appraisals, business valuations and environmental reports for compliance with SBA and Bank approval requirements
• Strong oral and written communication skills in a commercial bank environment.
• Demonstrated effective customer service skills.
• Effective business writing and professional communication.
• Strong working knowledge of Microsoft Word and Excel.

The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties and responsibilities. Cadence Management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.

Cadence Bank is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, status as a protected veteran, among other things, or status as a qualified individual with disability.