SUMMARY Responsible for creating credit spreads by spreading the financial statements of corporate and individual borrowers and performing cash flow analysis on the borrowers in the SBA loan portfolio. Assists SBA Underwriters and Underwriting Manager in overall management of credit clients, to include: requesting and collecting quarterly and annual financial statements, testing against Key Performance Indicators, and financial covenants; analyzing historical and projected financial performance, collateral values, and comparative industry data. Performs all duties in accordance with the company's policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates. Analyzes, structures and recommends approval or decline of various servicing actions including collateral substitutions, additional guarantors, etc. Ensures that SBA loans are maintained in accordance with covenants, bank policies and procedures and SBA Standard Operating Procedures.
ESSENTIAL DUTIES AND RESPONSIBILITIES- Responsible for spreading the financial statements and tax returns of clients and prospective clients.
- Responsible for performing a thorough review of current and prospective clients by gathering and analyzing their background credit and legal information, to validate their credit worthiness and legal standing.
- Performs independent credit analysis of loan packages (i.e. prepare financial analysis of business and personal tax returns and financial statements).
- May be involved in underwriting and completion of Credit Approval Memos (CAM), as needed, for smaller credit transactions on an independent basis. Makes independent decisions regarding whether credit should be approved.
- Establishes and maintains loan ticklers in bank systems for SBA portfolio
- Prepares Risk Rating change memos
- Tests and prepares Key Performance Indicators, Loan Covenant Compliance and Annual Reviews
- Works with Loan Servicing to ensure loans are boarded correctly to ensure data integrity
- Reviews daily overdraft report on assigned accounts. Works with respective SBA BDO's to avoid losses on overdrafts.
- Ensures adherence to the Bank's loan policies as well as SBA Standard Operating Procedure, and actively incorporates them when underwriting credit.
- Orders various third party reports timely, such as, collateral audits, and appraisal environmental reports; and develops an adequate knowledge of appraisal and environmental reports and policies.
- Ensures compliance with all applicable regulations, policies and procedures, and stays abreast of emerging changes to banking regulation and completes bank training courses on-line.
- Prepares and uploads monthly 1502 Reporting
- Reviews monthly Borrowing Base Certificates
- Familiar with FISERV and Navigator operating systems
- Actively initiates problem loan identification and administration, as required. Writes Problem Loan Status Reports (PLSR's) as required by policy and quarterly Risk Rating Certifications. Responsible for ongoing proactive and correct identification and monitoring of Risk Ratings for Borrowers under the Risk Rating Policies of the Bank; to ensure there are not Risk Rating upgrades or downgrades, when audited by internal or external auditors.
ADDITIONAL RESPONSIBILITIES- Demonstrates high degree of professionalism in communication, attitude and teamwork with customers, peers and management
- Demonstrates high level of quality work, attendance and appearance
- Adheres to all Company Policies & Procedures and Safety Regulations
- Adheres to local, state and federal laws
- Understands and complies with all company rules and regulations
- Attends training and maintains a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions, as they apply to your position and job responsibilities, with an emphasis on the BSA/AML/CIP, Consumer Privacy, Regulation CC, Information Security, Bank Protection Act, FACT-Identity Theft, Information Technology and GLBA.
- Additional duties as assigned as it relates to the position
SUPERVISORY RESPONSIBILITIESThis position does not have supervisory responsibilities
MINIMUM QUALIFICATIONS- Bachelor's degree in accounting, finance, economics or related field required, or non-business related degree along with sufficient coursework such as Risk Management Association, Omega credit training, or in-house financial institution credit training.
- Four (4) or more years of related work experience and/or training preferred. Proficiency in Intermediate/Financial Accounting 1 and 2 required.
- Financial analysis experience related to business and individual financial statements and tax returns preferred.
