The SBA Regional Loan Officer/UW is responsible for analyzing/evaluating SBA and small business loan application files to ensure credit worthiness of each assigned loan transaction. Additionally, this individual will assist in the preparation of Preliminary Analysis as needed. The SBA Regional Loan Officer will ensure that all areas of responsibility are performed in accordance with established Bank and SBA policies and procedures, meet with Bank clients as appropriate, and occasionally make visits with other Bank personnel to determine eligibility and assist other Bank officers in their local business calls.
- Upholds, at all times, the Bank’s Core Values of: Integrity, Respect, Positive Attitude, Empowerment, Accountability, and Excellence.
- Analyze SBA and small business loan files for credit worthiness based on the bank and SBA policies and guidelines; Prepare Credit Memorandum(s) on all new prequalified loan applications relative to financial strengths and weaknesses of applicants and guarantors, risk assessments, collateral assessment, and loan structure with an opinion as to credit worthiness.
- Review and evaluation of borrower and guarantor financial Information including Balance Sheet and Income & Expense Statements, credit reports, D&B reports, OFAC, bank statements, tax returns and any other borrower information in order to make appropriate credit decision; Review and evaluation of borrower and guarantor financial information to ensure that business and guarantor generate sufficient cash flow in order to debt service and meet minimum DSCR requirements. Compare historical performance/trends and provide footnotes as needed.
- Gather information on actual and prospective borrowers through inquiries and investigations with trade suppliers, financial institutions, professional firms or individuals in-house relative to loan amount, activity, profitability, and affiliate relationships; May obtain information through Business Development Officer or directly from applicant through inspection of applicant’s business/collateral, review of financial reports, personal interview, or other means.
- Establishes and negotiates where necessary, loan structure, terms, and collateral conditions based on SBA and bank policies and guidelines, in relation to applicant and BDO request; Analyses industry data, competitive factors, historical performance, projected results, risk and mitigating factors.
- Responsible for all loan amendments, ensuring that all loan conditions have been met, and other items as it may pertain to the credit, including review of appraisal and environmental reports; Provide a risk-rating grade level to loans underwritten and evaluated.
- Keep immediate supervisor informed of any issues/concerns relating to assigned loan transaction(s). Additionally during Loan Origination pipeline meetings provide a status of all assigned loan transaction (s).
- Prepares Preliminary Analysis: structuring loan requests on a preliminary level (initial stages of a loan application request); Submit Preliminary Analysis to supervisor or CCO and further to loan committee as instructed by immediate supervisor.
- Provides various analyses and conducts underwriting tests to aid lending officers in the early stages of their consideration of loan requests.
- Appropriate credit decisions prepared by SBA Regional Loan Officer shall be communicated effectively (written and verbal) to immediate manager(s) and loan committee.
- Maintain appropriate business relationship (externally and internally). External relationship includes brokers, members (borrowers), legal counsel, and third party vendors. Internal relationship would include employees within commercial lending department and other departments within the organization.
- Any conditions set forth in credit memorandum (Prior to Funding) shall be monitored, reviewed and cleared by SBA Regional Loan Officer. If documents are provided by Borrower to satisfy conditions, the information shall be reviewed and accepted by SBA Regional Loan Officer prior to loan funding.
- Performs an ongoing evaluation of the loan files submitted by processing staff and offers suggestions to the supervisor and credit regarding the quality of the work and possible ways to improve it; Coordinates with outside vendors as appropriate regarding the completion of title, environmental and appraisal reports to ensure timely loan closure.
- Maintain and/or update Loan Origination Pipeline to provide current status on loan transactions being underwritten by assigned loan SBA Regional Loan Officer (as needed); Maintains/updates to the bank’s loan system as needed to reflect accurate Borrower and/or Loan information; Recommend and develop analytical tools and procedures to enable streamlined loan approvals as needed or instructed by immediate supervisor.
- Other duties as assigned.
The position of SBA Regional Loan Officer is not responsible for the supervision of any employee(s).
This position requires the ability to accommodate reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.
- Bachelor’s degree (BA) or equivalent from an acceptable 4 year college or university; or at least 5 years of banking experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of a financial analyzing or credit review background. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
- Basic knowledge of title policies and related loan regulations such as RESPA, HMDA and other Bank lending policies on loans to directors.
- Basic knowledge of branch operation procedures, Bank products and services and have the ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures.
- Excellent organizational and time management skills with basic skills in computer terminal and personal computer operation; host computer system; word processing, spreadsheet and specialty software programs with intermediate typing skills to meet production needs of the position.
- Intermediate math skills; ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
- Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, speak clearly to customers and employees.
- Ability to deal with complex problems involving multiple facets and variables in non-standardized situations and work with minimal supervision while performing duties.
- Must be able to sit for long periods of time, operate a computer, and telephone.
- This position requires writing, typing, speaking, listening, lifting (up to 50 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling and reaching.
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.