About the Role:

As a SBA Loan Underwriter you will provide general monitoring activities, administrative support and oversight to the banks SBA commercial loan portfolio in an effort to prudently manage ongoing risk. You will also work closely with bank management to timely report the general condition and quality of the SBA commercial loan portfolio.

What You Will Do:

• Underwrite SBA 7(a), Small Loans, Express, 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, including the structuring of new loan requests.
• Maintain up to date knowledge of current SOP SBA 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 support a prudent credit recommendation
• 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 additional analysis including pro-forma balance sheet analysis, working capital adequacy, 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 transaction in underwriting.
• 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 to ensure consistent with approval requirements.
• Analyze and craft solutions to accommodate changes to the 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.
• Perform other duties/projects as assigned.

What We're Looking For:

• Four years of relevant SBA lending, portfolio management and/or commercial credit experience required
• Good organizational skills.
• Thorough understanding of financial statement preparation and content.
• Strong PC, Internet and administrative skills.
• Ability to work in a team environment.
• Excellent written and verbal communication skills.

Working Conditions/Demands:

• Professional office setting.
• Primarily sedentary position requiring long periods of time working at a computer.
• Must be able to move throughout the office and buildings to obtain or relay information.
• Must be able to perform the essential functions of the position with or without reasonable accommodation.
• Remote working conditions may be permitted for qualified candidates.

Who Are We?

We’re not just another bank and we’re not looking for just another employee. Since 1999, First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes, we really were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since.

We seek the game changers, the innovators…those who challenge the status quo because change really is the only constant. Ready to join a team of imaginative, driven individuals like you? It’s your career, you deserve to imagine more. Keep reading, we think you will like you what see.

Why Join Us?

Our success has been driven, in part, by four core competencies – customer focus, teamwork, adaptability and initiative. Collectively they define our actions and are at the heart of all we do. As a result, we’ve been fortunate to have been named numerous times as an Indianapolis Star Top Workplace and one of the Best Banks to Work For! Headquartered in downtown Fishers, our newly-built, state-of-art 175,000 square foot facility headquarters was designed with our team in mind and features an 18,000 square foot open air deck named “The Backyard”, with fire pits, covered pergola, waterfall and foliage to create a momentary escape from the work day. Beyond that, the onsite fitness center with the latest equipment and ergonomically-designed workstations help promote health and wellness. Have we mentioned free snacks, soft drinks and beer available on tap? Want more? How about a flexible work schedule, unlimited volunteer time off and social events to bring us all together to have some more. Why just imagine more, take the “first” step and apply today.

Our benefits package includes the following and so much more:

• Medical Dental, Vision Insurance
• 401(k) Retirement Plan with Generous Match
• Tuition Reimbursement
• 3 Weeks Paid Vacation Plus Paid Holidays
• Paid Volunteer Time
• Business Apparel Allowance

Equal Opportunity Employer - Women, Minorities, Veterans and Individuals with Disabilities

If you are a California resident, you may be entitled to certain rights regarding your personal information. Additional information about our data collection practices and location specific notices is available on our privacy policy. Click here to read more.

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c). Click here to read more.