Job Description

SUMMARY

The SBA Underwriter evaluates loan applications and other financial data and transforms it into a concise, accurate report which can be utilized by the approving authority to make a credit decision on new and renewal SBA loans in accordance with the Bank's policies and procedures and SBA SOP. Senior SBA Underwriters are expected to be able to handle 70 deal assignments in a year and possess a higher level of knowledge of financial analysis and SBA/Bank requirements.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Ensure loan packages are materially complete.

• Review credit and borrower information to determine loan program eligibility.

• Contact borrowers to gather and follow up on information needed to assist the underwriting decision.

• Interpret and analyze financial information from multiple sources, including reporting services, credit bureaus, credit reports, and other industry data to make informed underwriting decisions.

• Review and analyze customer information including leases, rent rolls, business plans etc. to determine impact on credit underwriting.

• Review and analyze legal documents, UCC search information, and title reports to determine if additional information is necessary to fully underwrite the loan request.

• Review appraisal, environmental and other reports to identify risk areas and recommend mitigating solutions and next steps.

• Research, review and analyze industry data, market studies, and competitive information.

• Review reporting and administrative covenants, and financial and non-financial covenants to determine impact on the lending request.

• Determine financial and repayment analysis with a focus on cash flow, liquidity, leverage, debt service coverage to identify key risks and mitigating factors.

• Review and analyze the quality of the financial position for the business and the guarantor(s).

• Assess the borrower's ability to generate income sufficient to repay existing and proposed debt.

• Perform financial analysis using business and guarantor financial statements, tax returns, cash flows and projections.

• Prepare complex credit memos for review and approval.

• Prepare and issue commitment letters.

• Demonstrate a satisfactory understanding of and adherence to Bank operational policies and applicable compliance regulations as they relate to the specific job duties assigned.

• Demonstrate a satisfactory understanding of your duties and responsibilities as it relates to the Bank Secrecy Act (BSA), Anti-Money Laundering Act (AML), Patriot Act, and Office of Foreign Assets Control Regulations (OFAC). This includes participating in any required training and promptly complying with all reporting requirements.

JOB REQUIREMENTS

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelors' degree or equivalent from a four-year college or university.

• 5 years of relevant experience. Experience should consist of financial analysis.

• Knowledge of SBA 7(a) and 504 loan programs, appraisal real estate methodology, cash flow and collateral analysis.

• Knowledge and understanding of Generally Accepted Accounting Principles (GAAP).

• Strong customer service skills with ability to communicate effectively with customers via phone and email

• Excellent written and verbal communication skills.

• Excellent organizational skills.

• Ability to perform detail oriented work with a high degree of accuracy.

• Ability to handle multiple priorities and tasks while working in a fast paced department.

• Proficiency with personal computers and related software.

Equal Opportunity Statement

Enterprise Bank & Trust is committed to helping individuals with disabilities participate in the workforce and ensuring equal opportunity to apply and compete for jobs. If you need an accommodation in order to apply for a position at Enterprise Bank & Trust please contact Human Resources at.

Enterprise Bank & Trust is committed to managing our business and community relationships in ways that positively impact our associates, clients, and the diverse communities where we work and live. We are proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, gender identity or protected veteran status and will not be discriminated against on the basis of disability. All employment offers are contingent upon the applicant successfully completing both drug and background check screenings. If you would like more information about your EEO rights as an applicant under the law, please download the Equal Employment Opportunity is the Law poster HERE.