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Firstrust Bank · 1 month ago

Senior Underwriter - SBA

Conshohocken, PA

Full-time

Hybrid

Senior Level

5+ years exp

Firstrust Bank is one of the region’s foremost community banking institutions, focused on fostering leadership among its employees. The Senior Underwriter will play a vital role in performing underwriting due diligence and preparing credit memorandums for the SBA Finance Group, ensuring compliance with relevant regulations and maintaining strong relationships within the industry.

BankingCommercialFinanceFinancial Services

Responsibilities

Analyze corporate and personal financial statements, tax returns, other financial information provided by customers, and any due diligence (i.e., credit reports) in connection with any new loan request

Working in conjunction with the RM, the underwriter will prepare complete underwriting memorandums, including financial projections with a sensitivity analysis, for submission to the appropriate approving authority

Upon direction of the RM, interact with customers and/or their accountants in the credit analysis process when appropriate. May be requested to join the RM on visits to the customer or SBA conventions

Maintains current knowledge of all related Small Business Administration regulations, bank policies, and regulatory requirements and helps determine Small Business Administration eligibility on loan requests

Maintains or builds relationships with the Small Business Administration office, attorneys, and consultants to continue growth and development in knowledge and understanding of issues within Small Business Administration and the industry

Ensure all Service Level Agreements, regulatory compliance requirements, and Bank’s credit risk profiles and profitability are monitored and maintained

Exhibits general understanding of organizational structures, documentation, and/or collateral structures

Uses best practices to provide loan recommendations based on a review of all underwriting criteria for final approval

Exercises adherence to internal portfolio/underwriting processes including timely and accurate data entry to Vikar and/or other centralized systems, as well as, maintaining high quality file documentation in a paperless environment

Helps mentor and develop other underwriters on staff as needed and directed

Assists in the development of new business for Firstrust. Is alert to expressed customer/prospect needs to suggest appropriate services. Directs customers to appropriate person to establish business relationships

Other duties as assigned

Qualification

SBA underwriting experienceFinancial analysisCredit memorandum preparationMicrosoft Office proficiencySalesforce knowledgeJudgmentInterpersonal skillsAttention to detailTeam playerWritten communication skillsInitiative

Required

Bachelor of Science Degree in Accounting, Finance, or related field

Five (5) to ten (10) years' experience as an SBA Underwriter

Demonstrated ability to apply SBA credit concepts and practices

Strong ability to apply judgment, take initiative, handle multiple priorities, and work under limited supervision

Strong interpersonal skills and good oral written communication skills

A hard worker who possesses an attention to detail and is a team player

Proficiency with Microsoft Office (Word, Excel, Outlook) and other systems/systems (Salesforce, Vikar) required to successfully perform the job function