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.

May be granted loan credit authority of up to $750,000. When so, decision credits, with a focus on approving loan requests that meet lender policy and conforms to 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.

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