What are the responsibilities and job description for the Credit Analyst position at SmartBiz Loans?
Great Place to Work Certified, October 2024 - October 2025 USA
Overview
Evolving from SmartBiz Loans, a leading provider of small business loans, SmartBiz Bank offers a broad range of business banking solutions to small businesses across the U.S. – solutions built specifically to serve the dynamic needs of entrepreneurs and foster the growth of the small business community. SmartBiz Bank’s commitment to transparency and personalized customer service offers an unparalleled banking experience, ensuring small businesses have the financial services they need to grow and thrive. Headquartered in Chicago, IL, with offices in Austin, TX and San Francisco, CA, we are excited about serving our local and national Small Business Community.
Position Overview
SmartBiz is seeking a Credit Analyst who will support SmartBiz’s Credit Team in evaluating the financial health of a SBA loan applicant to determine whether to approve their application. Critical to this role is an understanding of credit, strong financial acumen, the ability to critically analyze and assess information and work closely with Funding Operations team members to build out the credit story of the small business applicant.
We’re seeking a new teammate who has a high level of intrinsic motivation, is extremely detail-oriented and organized, is eager to use their financial analysis skills, and enjoys working effectively with cross-functional teams in a fast-paced financial technology environment.
How You Will Make An Impact:
- Quickly and accurately analyze financial statements (business and personal tax returns, income statements, balance sheets, bank statements, and credit report) to determine the creditworthiness of small businesses
- Verify accuracy and consistency of details provided on the customer’s application and documentation
- Ensure compliance with the SBA underwriting and eligibility guidelines
- Provide training of new Relationship Managers and ongoing training of the existing Funding Operations team to ensure their understanding of credit, underwriting, and general eligibility
- Review and provide support on complex credit and loan structures to help Relationship Managers appropriately underwrite and package loan applications
- Enforce quality control of files and integrity under bank and regulatory criteria
- Perform required monitoring of existing loan portfolio performance
Who You Are:
- 2 years of experience in financial services
- Strong knowledge of commercial banking underwriting, SBA small loan underwriting is a plus
- Exceptional oral & written communication skills
- Highly organized and detail-oriented
- Bachelor’s Degree in Accounting, Finance, Economics, or a related field
- Experience with Salesforce is a plus
Opportunities & Benefits We Will Provide:
- Help redefine small business banking
- Competitive salary and equity in a fast-growing start-up
- 100% paid medical, dental, and vision benefits for employees and their domestic partners and dependents
- 100% paid life and disability insurance
- Flexible vacation policy
- 401k plan
More About SmartBiz Bank:
- 9 Billion in capital delivered; over 230k small businesses funded
- Great Place to Work Certified, 2022 - 2025
- American Banker's Best Places to Work in Financial Technology in 2017, 2020, 2021, 2022, and 2023
- Rated "excellent" by TrustPilot review website
-- SmartBiz Bank is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. California residents can learn more about how we use your information by visiting https://sites.google.com/view/smartbizloans-employment-ccpa