Provide’s Credit team is looking for a bold, compassionate, and focused SBA Lead Underwriter to review and decision small business loan applications in a centralized environment for complex loans. In this role, you will focus on providing loan decisions and/or credit recommendations based on all underwriting criteria, collaborating with the Sales team to develop loan structures that meet the needs of the customer and adhere to the organization’s risk appetite, and assisting and mentoring teammates through the loan decision process.
As a Provide and Fifth Third Bank team member, you will be responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. You will be accountable for always doing the right thing for customers and colleagues and ensuring that actions and behaviors drive a positive customer experience. While operating within the risk appetites of Provide and Fifth Third Bank, you will be expected to achieve results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
A day in the life:
Underwriting focus on new money to new borrowers to the bank.
Work in cooperation with relationship managers with initial deal review, modeling, and structuring.
Work in cooperation with RM's with deal pre-clearance within the Structured Finance Group, Credit, Capital Markets/Syndications, and other constituents.
Work in cooperation with RM's, customers/prospects, and third-party providers to order, obtain and ascertain due diligence information as required.
Utilize and analyze all available resources to prepare the credit approval document, Change in terms.
Coordinate with the RM and Credit to obtain the proper credit approval.
Develop training and education guidelines for SBA lending.
Oversee adherence to SBA credit and eligibility policies, ensuring compliance with government regulations and the SBA guaranty.
Maintain an in-depth working knowledge of all SBA products and services and ensure that the Business Banking leadership team and market leaders are alert to new developments or modifications of the SBA program as published by the SBA Center Office in Washington, DC.
Engage and manage legal counsel and negotiate legal documentation in conjunction with RM.
Complete and manage the closing, funding, and booking process in cooperation with the Funding Desk and Credit Collateral Operations.
Complete internal and external post-closing items.
Complete the underwriting process for deal amendments and restructurings.
Complete special projects and assignments as requested.
Supervisory responsibilities:
May provide direct leadership and supervision to junior underwriters, credit analysts, and/or leadership program participants.
Our newest teammate will have:
College degree in accounting, finance, or economics or equivalent industry experience required.
Total work experience of 7 years including 3 to 5 years of underwriting, credit, or originations experience preferable in the banking or investment banking industry.
Thorough working knowledge of SBA SOP 50-10-8 and other SOP program guides.
Excellent knowledge of B2B, CCAS, nCino, AFS, Appraisal systems, CLAS/LaserPro Loan Doc Prep Systems (or equivalent vendor systems), and other banking systems preferred.
Must be proficient in basic software applications such as Microsoft Word, Excel, Outlook, and Internet
Explorer. Advanced skills in Microsoft Excel a plus.
Must be attentive to detail and possess excellent verbal and written communication skills.
Must be highly organized and able to manage several detailed tasks and processes concurrently.
SBA Lead Underwriter
Total Base Pay Range 82,100.00 - 172,500.00 USD Annual
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: or by consulting with your talent acquisition partner.
LOCATION -- Virtual, Ohio 00000
Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
