Apply on Employer Site

Redwood Credit Union · 1 month ago

Senior SBA/Commercial Credit Analyst

Santa Rosa, CA

Full-time

Onsite

Senior Level

$50/hr - $66/hr

5+ years exp

Redwood Credit Union is seeking a Senior SBA/Commercial Credit Analyst, who will prepare SBA and commercial loan applications in accordance with the Credit Union’s underwriting guidelines and influence the quality of credit through guideline adherence. The role involves analyzing credit worthiness, drafting loan recommendations, and providing peer leadership in credit analysis and portfolio review.

Finance

Growth Opportunities

No H1B

Responsibilities

Review and approve annual portfolio analyses for all BSA loan files

Serve as backup to management to support credit and portfolio analysis supervisory activities

Assist Credit Analysts and Portfolio Specialists with questions and training needs, including SBA SOP understanding, SBA loan process/procedures, all commercial credit analysis, financial spreading, covenant, and condition management

Assist Senior Management in making key business decisions that require knowledge in SBA underwriting and compliance

Analyze credit worthiness, including review of tax returns, financial statements, credit reports, business plans, and other relevant information

Prepare draft credit recommendation, risk rating recommendation, spreadsheets, and other approval documents

Structure credit memos to best meet the Credit Union’s risk and profitability requirements while maintaining a competitive position in the marketplace

Determine SBA eligibility and ensure compliance with SBA policy

Present loans to the Business Loan Committee for approval, when applicable

Underwrite and generate complete credit memos for all loan products

Maintain contact with other credit administration team members through the loan closing process as needed, to ensure all conditions and loan requirements are satisfied, including regulatory compliance

Perform periodic review of loans; maintain contact with Members and RCU team members as required

Maintain a complete understanding of RCU credit policy and SBA eligibility requirements under the SBA 7(a) and 504 guaranteed loan programs, with ability to assist others with related questions and research independently for unknowns

Thoroughly analyze and make recommendations for complex SBA and commercial real estate credits

Ensure compliance with pertinent government rules and regulations

Manage file through underwriting and approval process, working with loan officer, credit staff, Members, and outside service providers throughout process

Provide exceptional service to all Members, volunteers, internal team members and service providers

Respond to credit inquires

Call Members to request financial information or documentation, as required

Answer Member questions as they relate to Business Service deposits and loans

Qualification

SBA lending knowledgeCommercial credit analysisFinancial analysis skillsRegulatory compliance knowledgeAnalytical skillsCustomer serviceWritten communicationVerbal communicationTime managementDecision-making abilitiesProblem-solving skillsTeam leadership

Required

Current knowledge of all laws, rules and regulations pertaining to business/SBA lending and compliance

Highly developed analytical skills for making sound credit decisions

Excellent written and verbal communication skills

Flexibility to manage time with ability to prioritize multiple tasks

Ability to work effectively under deadlines and stress

Ability to thoroughly analyze and make recommendations on an independent basis and demonstrate solid decision-making abilities

Thorough knowledge of all aspects of financial institution business services including lending methods, practices, and services

Knowledge of credit and interest rate economics

Knowledge of asset, liabilities, credit dynamics in a business services lending environment

Skill in the operation of a personal computer with word processing, spreadsheet and presentation software and Intra/Internet access

Ability to analyze problems and opportunities, identify and evaluate alternatives, and develop sound, effective approaches

Ability to communicate effectively both verbally and in writing

Ability to work independently with minimal supervision

A combination of education and experience equivalent to a bachelor's degree in business administration, finance or closely related field

A minimum of five years of experience with commercial financial analysis or underwriting

A minimum of three years of experience with SBA loans

Benefits

Competitive medical, dental, and vision insurance, mental health offerings

Employee performance incentive plan

Salary Advancement– Merit increase based on performance

401(k) program with employer match

Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off!

RCU employees are eligible for a .75% discount off RCU standard collateral auto loans

RCU employees are eligible for a 1% discount on all recreational or boat loan products

2% discount off Visas and LOC Loans through RCU

0% interest loan to support employees with various immigration related expenses such as visa application fees and relocation costs. Loan amount up to $1,000.

0% interest loan to support employees with expenses associated with the naturalization process. Loan amount up to $15,000.

0% interest on garment, fitness, or home office equipment loan of up to $500

100% financing for employee purchased homes!