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Mechanics Bank · 3 weeks ago

SBA Servicing Underwriting & Portfolio Manager

Brea, California

Full-time

Onsite

Senior Level

$85K/yr - $125K/yr

5+ years exp

Mechanics Bank is currently searching for a SBA Servicing Underwriting & Portfolio Manager to join their team. This role is critical in supporting the Bank's SBA lending initiatives by performing in-depth credit analysis and credit risk assessment for assigned loans in the Bank’s SBA portfolio. The position involves managing a portfolio of SBA loans, conducting credit risk management, and ensuring compliance with SBA guidelines and internal policies.

BankingFinancial ServicesWealth Management

Responsibilities

Own full management of assigned SBA loans portfolio

Correspond with/contact Borrowers directly on a regular basis to discuss all issues

Analyze and complete spreads from financial statements, tax returns, and cash flow analysis for existing SBA loans

Ensure adherence to SBA SOPs, internal credit policies and regulatory requirements

Perform in annual loan reviews to determine the appropriate risk rating of the portfolio

Monitoring credit risk based on financial statement analysis and covenant compliance

Prepare detailed credit memoranda with risk rating assessments and recommendations

Monitor borrower performance, payment delinquencies, and help identify potential credit risks

Prepare and mail out letters requesting financials, notifying loan defaults (NODs), etc. for credit risk management

Review tickler reports and follow up with borrowers to obtain outstanding financial conditions

Request for waivers with supporting documentations for financial conditions and/or covenant violations

Assist with watch and problem loan reports to develop problem loan credit solutions

Review and analyze any third-party exhibits such as appraisals, environmental questionnaires/Phase I & II reports, legal documents such as business organization documents, UCC lien searches, title reports, credit reports, etc

When appropriate, assist in the liquidation process ensuring that the government guarantee is protected and collaborate with and provide support to the Bank’s assigned special assets team

Other duties as assigned

Qualification

SBA loan programsCredit analysisFinancial statement evaluationCovenant compliance monitoringLoan documentation knowledgeCommercial lending vocabularyMultitasking abilityProficient in WordExcelCommunication skillsSelf-starterTeam player

Required

High school diploma or GED is required

Minimum of 5 years of experience in SBA and Commercial Loans Underwriting is required

Knowledge of Servicing and Origination SBA SOPs in force

Intermediate-level credit analysis skills

Adequate math, accounting and finance skills

Current and comprehensive knowledge of SBA products and SOPs

Excellent written and verbal communication skills

Ability to multitask and prioritize

Ability to work in a fast paced, production environment with time constraints

Self-starter, results and process oriented, collaborative team player

Ability to give and take direction

Proficient in Word, Excel and commercial credit analysis programs

Knowledgeable in loan documentation and real estate and commercial lending vocabulary

Preferred

Undergraduate degree in Finance, Business, Accounting, or related field is preferred

Additional experience may be considered in lieu of a degree

Experience with SBA Liquidation process is a plus

Benefits

Medical, prescription, dental, and vision coverage for employees and their eligible family members

Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits

Health Savings Account with employer contribution

Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit

401(k) and Roth 401(k) with company contribution

529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program

Supplemental Health plans, Voluntary Legal and Identity Theft Services

11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year

Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)