Job Information
First Internet Bank of Indiana SBA Loan Underwriter II in Fishers, Indiana
About the Role:
As the SBA Loan Underwriter I you will provide the initial step in the banks overall Credit Risk Management process over the SBA loan portfolio. You will be a financial expert whoanalyzes the financial condition of prospective SBA borrowers and assesses how much risk First IB will be assuming if a decision is made to approve a loan request. More specifically, you will evaluate credit history, assets, liabilities, cash flows and other factors to determine a borrowers ability to pay back a loan request. You will work closely with bank management and other members of the SBA lending function to ensure that loans meet SBA requirements and close in a timely manner.
What You Will Do:
- Underwrite primarily SBA 7(a) loans, Express Loans, and 504 loans up to program maximums for a lender possessing a national lending footprint.
- Ensure request meets both SBA SOP requirement and Bank Credit Policy/Guidelines.
- Maintain up to date knowledge of current SOP requirements through continuous learning individually and through NAGGL and/or other outlets.
- Present credit write-ups in a concise, consistent, organized fashion, fully supported with proper justification/rationale.
- Use critical thinking skills/research to provide recommendations for credit decisions.
- Collect, spread, analyze and evaluate financial and related data to determine credit worthiness of prospective or existing borrowers in adherence with First Internet Bank Credit Guidelines/Policy and SBA SOP requirements.
- Perform financial analysis including pro-forma balance sheet analysis, working capital adequacy, leverage positions, collateral shortfall, ratio analysis, etc.
- Perform joint calls with Business Development Officers (BDOs) and prospective Borrowers to answer any questions and gain understanding of the proposed transaction.
- Notify Borrower and/or BDOs of underwriting decisions, underwriting requirements, current status, and declinations. Negotiate with Borrower/BDOs to reach positive solution for both Bank and Borrower.
- Prepare Commitment Letters in adherence to loan conditions once loan has been approved.
- Review third party reports including appraisals, business valuations, RSRAs, and Phase I/II environmental reports to ensure consistency with approval requirements.
- Analyze and craft solutions to accommodate changes to the SBA loan request on a post-approval basis via change memos.
- Assist in preparing for periodic portfolio reviews conducted by regulatory agencies, loan review and internal audit.
- Prepare draft responses to audits, reviews and regulatory exam reports as requested.
- Mentor and assist in training new or junior staff.
- Perform other duties/projects as assigned.
What We're Looking For:
A minimum of three years of relevant SBA lending, portfolio management and/or commercial credit experience required, or minimum of two years of SBA underwriting experience within a fast-paced SBA 7(a) lending program.
Full knowledge of current SBA SOP.
Ability to understand and analyze complex transactions.
Ability to understand and analyze both historic and projected financial statements.
Capability of work