SBA Senior Credit Officer (Project Management)

Position Summary:

The SBA Senior Credit Officer is primarily responsible for assisting the Chief Credit Officer on credit related issues along with performing and completing loan underwriting documents suitable for complex credit decisions. This position is also responsible for communicating with borrowers, the sales team, lenders, outside referral sources, and internal team members to determine the knowledge and acceptability of an application. Additionally, this position will also collaborate with the closing department to facilitate the closing of loan requests and handle credit-related issues.
Job Duties/Responsibilities:
Manage the Loan Loss Reserve. This includes ongoing maintenance of the portfolio, monthly Loan Loss Reserve meetings, updating finance and senior management with all problem loans, and recommend changes to the loan loss reserve. Assist with annual review of the Credit Policy and Procedures. Also manage the internal policy for the Loan Loss Reserve Perform Small Business Administration (SBA) audit quality review and approval of loan application and submission documentation (character determination, citizenship, ownership, and other eligibility) at time of underwriting for full compliance with SBA, 7a, ITL, SLA, and Express loans, lender credit standards, and feasibility of the proposed transaction. Utilize checklists and file system tools, communicate any deficiencies with team and issue appropriate letters and communications to drive the underwriting process. Work with referral sources for the front-end review of loan submissions to determine whether to pursue the transaction. Recommend approval or declines on loan request, with a focus on lender policy and the appropriate SBA loan program, meeting all SOP requirements Take advanced training as needed to remain up to date on all changes to the SBA program. Assist with the annual reviews of credit staff, working with the CCO and credit manager to determine performance and annual goals for credit staff. Determine loan requests eligibility in terms of the lenders policy and guidelines as well as the SBAs Standard Operating Procedure. Structure transactions in order to meet lenders guidelines and the appropriate SBA loan program. Communicate with borrowers, sales team, lenders, outside referral sources, and internal team members. Speak with applicant/borrower to determine the knowledge and acceptability of the applicant. Prepare detailed financial analyses of borrowing entity, any corporate guarantors and/or affiliates, and principles in the transaction. Obtain, review, and approve all credit reports, UCC searches, CAIVRS, OFAC, and other necessary documentation for accuracy, compliance, and acceptability for SBA guaranty and lender compliance with regulators. Analyze bids and contracts, plans and/or drawings, for construction projects accounting or all hard and soft costs, feasibility, etc.

Generate a written Credit Approval Memorandum reflecting a full underwriting of the proposed transaction meeting SBA/lender standards for approval within 5 days of receipt (for nonfranchise loans, within 10 days of receipt). The completed analysis includes but is not limited to: financial statement analysis; description of the industry, business history, demographics, management experience and competition; SBA compliance; and the loan requests conformance to credit policy, and the lenders guidance lines when applicable. This includes the most complex transactions. Assemble complete loan committee packages when needed and work with management for presentation to the lenders loan committee when needed. Prepare to discuss or present all loans. Prepare and forward all letters of approval or declination in accordance with internal process. Order, review and approve third party reports including commercial and residential appraisals, environment reports, business valuations, site visits, and equipment appraisals in accordance with lenders/SBA standards for compliance, using lender forms when applicable. Provide for the accurate reporting of all loan updates and status changes within lenders loan processing, surviving platform systems, with at least weekly updates to include comments, status and completion of tasks in lenders software. Take training courses as offered regarding changes to the Standard Operating Procedure and other SBA topics. Work with the closing department to facilitate the closing of loan requests and handle credit-related issues as needed. Prepare timely modifications as needed to complete loan closing process, confirming approvals are in place (internal, SBA and committee) when required, and obtain necessary approvals. Provide credit support and SBA processing as needed to perform annual financial analysis of loans in the portfolio as called for, and evaluate borrower servicing requests, loan modifications, workout or routine. Work with loan servicing to perform annual financial analysis of loans in the portfolio as needed. Perform other related duties as assigned
Required Skills/Abilities:
Strong working knowledge of accounting; credit and underwriting analysis Strong working knowledge of government guaranty loan program (SBA, 7a, 504, SLA, Express, USDA B&I), including changes to the programs implemented by the governing agency Strong working knowledge of all aspects credit with the ability to balance client accommodation and the best interests of the lender Superior problem solving/negotiation skills Ability to analyze and approve leases, purchase contracts, trust documents, and other applicable paperwork Excellent verbal, written, and interpersonal communication skills A team player able to work effectively in a team fostered, multi-tasking environment Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook

Education and Experience:
An undergraduate degree in Business, finance, or a related field or an equivalent combination of training and experience. A minimum of 10 years related experience in SBA credit underwriting preferred; or over 8 years of complex commercial credit underwriting and/or specialty lending experience; 5-8 years related experience in SBA lending. Experience managing credit staff preferred Formal bank credit training preferred
Physical Demands and Work Environment:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
While performing the duties of this position, the employee is regularly required to talk or hear. The noise level in the work environment is usually moderate. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. The employee frequently is required to use hands or finger, handle, or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Onsite work environments are climate controlled.