Job DescriptionResponsible for approving the extension of credit and/or making recommendations to the person(s) making the final lending decisions on new, renewal, extension, and SBA-guaranteed loans to approve or deny the extension of credit. Prior to making the credit decision or advising the person(s) making the final credit decision, the Credit Analyst conducts a complete credit analysis including gathering, analyzing, and interpreting all types of credit information on existing and prospective customers. This includes evaluating borrower eligibility, repayment capacity, collateral adequacy, and compliance with SBA lending guidelines and program requirements.
Reviews customer accounts and portfolios, including SBA 7(a) and 504 loans, to identify, evaluate, and determine the appropriate course of action on potential credit quality, servicing, and compliance issues in order to maximize credit quality, preserve SBA guaranty eligibility, and minimize risk and potential loss to the company. Responsible for analyzing financial statements, cash flow, collateral, and industry trends while ensuring adherence to bank credit policy and SBA Standard Operating Procedures (SOPs).
May use technological tools, including computer software, to assist in the credit analysis process by helping evaluate a particular credit or portfolio. The Credit Analyst will use such tools to compare and evaluate possible courses of action and will make recommendations and/or decisions after various possibilities are considered. Works closely with lending, underwriting, servicing, and portfolio management teams to support SBA lending initiatives and ensure accurate credit documentation and risk assessment.
Basic Qualifications
Preferred Skills/Experience
Strong credit analysis and analytical skills
Thorough knowledge of credit analysis, credit administration, credit policy and procedures, and risk analysis
Thorough knowledge of SBA lending programs, including SBA 7(a) and 504 loan structures, underwriting considerations, and servicing requirements
Background in economics, accounting, and/or finance
Effective technical report writing skills, including preparation of credit memorandums and loan approval packages
Effective verbal and written communication skills
Proficient computer navigation skills using a variety of software packages
Experience reviewing financial statements, personal and business tax returns, cash flow analyses, collateral valuations, and guarantor support for SBA lending transactions
Other Preferred Qualifications:
Experience with SBA 7(a) and 504 loan programs, including underwriting, portfolio monitoring, servicing, and annual review processes
Familiarity with SBA SOP 50 10
Knowledge of SBA eligibility, guaranty preservation, collateral, and compliance requirements
Proficiency in nCino, AFS, and Excel
Effective technical writing skills for credit memorandums, annual reviews, and credit approval documentation
Ability to identify and escalate portfolio, servicing, and compliance risks associated with SBA-guaranteed loans
Experience partnering with relationship managers, underwriters, and servicing teams to support small business lending objectives
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Review our full benefits available by employment status here.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $111,095.00 - $130,700.00
