The Bancorp Bank

  • SBA Credit Officer II

    Job Location US-NC-Raleigh
    Regular Full-Time
  • Overview

    Position Summary

    Perform complete loan underwriting documents suitable for obtaining a credit decision.


    Duties and Responsibilities:

    1. Perform Small Business Administration (SBA) audit quality review and approval of loan application and submission documentation (912, citizenship, ownership, and other eligibility) at time of underwriting for full compliance with SBA, 7a, 504 and USDA loans, bank credit standards, and feasibility of the proposed transaction. Utilize checklists and file system tools, communicate any deficiencies with team members and issue appropriate letters and communications to drive the underwriting process.
    2. Determine loan request’s eligibility in terms of the bank’s policy and guidelines as well as the SBA’s Standard Operating Procedure. Structure transactions in order to meet bank’s guidelines and the appropriate SBA/USDA loan program.
    3. Communicate with borrowers, sales team, lenders, internal team members, and others as appropriate. Speak with applicant/borrower to determine the knowledge and acceptability of the applicant.
    4. Prepare detailed financial analyses of borrowing entity, any corporate guarantors and/or affiliates, and principals in the transaction. Obtain, review, and approve all credit reports, UCC searches, CIP, OFAC, and other necessary documentation for accuracy, compliance, and acceptability for SBA guaranty and bank compliance with regulators.
    5. Analyze bids/contracts, plans and/or drawings for construction projects, accounting for all hard and soft costs, feasibility, etc.
    6. Generate a written Credit Approval Memorandum reflecting a full underwriting of the proposed transaction meeting SBA/bank standards for approval within 5 days of receipt (for non-franchise 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 or USDA compliance; and the loan request’s conformance to credit policy, and the bank’s guidance lines when applicable.
    7. Assemble complete and accurate loan committee packages and work with management for presentation to the bank’s loan committee when needed. Prepare to discuss or present all loans.
    8. Prepare and forward all letters of approval or declination in accordance with internal process.
    9. Obtain, review and approve all credit reports, UCC searches, CIP, OFAC, and other necessary documentation for accuracy and acceptability for SBA guaranty and regulatory compliance. Order, review and approve third party reports including commercial and residential appraisals, environment reports, business valuations, site visits, and equipment appraisals in accordance with bank’s/SBA standards for compliance, using bank forms when applicable.
    10. Provide for the accurate reporting of all loan updates and status changes within bank’s loan processing, surviving platform systems, with at least weekly updates to include comments, status and completion of tasks in bank’s software. Take training courses as offered regarding changes to the SOP (Standard Operating Procedure).
    11. 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.
    12. 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.
    13. Maintain expertise in government guaranty loan programs (SBA 7a, SLA, Express, and USDA B&I) including changes to the programs implemented by the governing agency. Attend training as offered regarding program and/or procedural changes to the SOP (Standard operating procedures).
    14. Prepare, scan and set up credit file using GGL standards.
    15. Perform other related duties as assigned




      • An undergraduate degree in Business, finance, accounting or a related field or an equivalent combination of training and experience.
    • A minimum of 3-5 years related experience in SBA credit underwriting preferred; or over 5 years of complex commercial credit underwriting and/or specialty lending experience
    • A minimum of 1-2 years related experience in SBA lending


    Other Qualifications:

    • Strong working knowledge of GAAP accounting
    • Strong working knowledge of credit underwriting with formal bank credit training.
    • Strong documentation knowledge including the ability to analyze and approve leases, purchase contracts, trust documents and other applicable paperwork
    • Strong problem solving/negotiation skills and a broad understanding of all aspects of credit with the ability to balance client accommodation with the best interests of the lender.
    • Strong credit and underwriting skills analysis including cash flow, balance sheet, financial ratio, industry analysis, etc. with an understanding of bank’s credit profile, credit policies and risk management objectives.
    • 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                             


    “The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability." 



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