SBA Credit Officer

Job Summary Overview

The position is responsible for oversight and review of SBA credit functions within the credit union including review of new loan requests and approvals for completed loan presentations as well as assistance with SBA eligibility and liquidations.

Essential Job Functions

• Responsible for review and oversight of new SBA credit opportunities.
• Coordinates with Chief Credit Officer (CCO) and commercial sales leadership to ensure deals are progressing through credit approval and documentation/closing process.
• Recommends loans for approval to those with appropriate authority or Member Business Loan Committee
• Supports SBA underwriting and portfolio management. Provides oversight and input regrading loan structure, SBA eligibility and terms and conditions.
• Maintains credit approval authority commensurate with experience and credit expertise.
• Understands SBA SOPs and ensures appropriate analysis is completed for preflight reports, Term sheets, and loan presentations.
• Provides ongoing training and mentoring for Underwriters Assists CCO and other credit officers in providing credit education throughout the organization.
• Maintains strong knowledge of SBA SOP’s, Credit Union credit and commercial loan policies and procedures, and appropriate State and Federal compliance and regulations related to commercial lending and recommends changes based upon applicable rules and regulations.
• Conducts ongoing desk reviews of recently funded loans to ensure adherence to appropriate credit underwriting and SBA SOP standards.
• Reviews title, documentation, legal entity documentation or other information, as needed, to help mitigate risk, ensure compliance with SBA SOP and assist in the underwriting process.
• Provides support and assistance for special assets manager including ongoing understanding of special mention and sub-standard credits, assistance with liquidation reports for SBA loans, interaction with borrowers in liquidation, and when necessary, communication with legal counsel.
• Assists in development and implementation of policy and procedure for storage of special assets files.
• Assists with analysis and underwriting to support overflow from analysts and underwriters.
• Maintains strong understanding of SBA SOP for general loan program requirements and servicing/liquidation.
• Works closely with SBA servicing team, processor/closer, and special assets manager to support SBA loan closings, liquidations.
• Provides support to portfolio managers when assistance is needed to complete annual reviews, collect tickler items, make collection calls, and complete site inspections.
• Provides assistance and collaborates with processor/closer, during OCRM oversight audits
• Performs other job-related duties as assigned.

Position Required Qualifications

Minimum Education and Experience

• Four (4) year degree in business, finance, accounting or related field
• At least five (5) years of experience in SBA underwriting or portfolio management

Knowledge, Skills, and Abilities

Strong working knowledge of commercial lending, SBA 7(a) and 504 loan programs, and analysis/underwriting. Ability to interpret financial statements, tax returns and projections. In depth knowledge of SBA SOP, SBA Loan Servicing and Liquidation Procedures, and SBA Servicing and Liquidation Actions 7a matrix.

Knowledge of Microsoft Officer and Microsoft Excel. In-depth knowledge of commercial and government guaranteed lending compliance and credit regulations. Professional written, verbal communication, problem solving, and interpersonal skills, along with the ability to produce quality work within tight time frames while managing multiple assignments. Ability to work on core processing systems and department specific processing systems. Strong work ethic, the ability to prioritize and adapt to changing deadlines, advanced interpersonal skills, excellent communication, and the desire to work as a team to support the overall success of the credit union. Strong knowledge base about commercial real estate, conventional and government guaranteed underwriting, policies, and procedures.

Licenses, Training, and Certifications Required

None

Preferred Qualifications

• Previous credit approval authority
• Team leadership experience

Hybrid Work Environment and Physical Demands

• Occasional lifting, 25 pounds or less.
• Sitting and standing for extended periods of time.
• Working on a computer for extended periods of time.
• Home workspace to meet work from home requirements.

NOTE: The job description is intended to be generic in nature. It is not an exhaustive list of all duties and responsibilities. Requirements listed in the above qualifications and physical requirements are representative of the knowledge, skill, abilities, physical demands, or work environment required or encountered that must be met by an employee to successfully perform each duty and each function of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

Employees who work from home must have business operational internet to complete work tasks and communicate via video call or chat messaging systems in a dedicated workspace.