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Royal Business Bank · 3 weeks ago

SBA Underwriter

Edison, NJ

Full-time

Onsite

Senior Level

$95K/yr - $115K/yr

5+ years exp

Royal Business Bank is a rapidly growing bank since its establishment in Los Angeles in 2008, offering a comprehensive suite of banking services. The SBA Underwriter is responsible for underwriting new SBA guaranteed loan products and conducting financial analyses to evaluate applicants' financial conditions.

BankingCommunitiesFinancial ServicesOnline Portals

Growth Opportunities

No H1B

Hiring Manager

Queena Xu

Responsibilities

Underwrite new SBA guaranteed loan products, primarily 7a and 504 loans following the Bank’s lending policy and procedures, SBA guidelines and general prudent lending practice

Perform financial and ratio analysis on collected financial information to evaluate financial condition/capacity of each applicant

Review all legal documents, contracts, escrow documents, preliminary title and lien search report for proper risk assessment

Review real estate appraisal, environmental studies and business valuation to analyze collateral adequacy

Prepare a comprehensive written report on each loan request for presentation to proper approval authority

Conduct applicant interviews and site visits as needed

Monitor and service existing loan portfolio

Prepare and update daily, weekly and monthly administrative reports

Promote and cross sell the Bank’s services and products

Perform other duties as assigned

Qualification

SBA/commercial lendingFinancial analysisBusiness developmentPC proficient in WordExcelCustomer serviceBilingualEffective communication

Required

Bachelor's degree in Business-related major

5+ years' experience in SBA/commercial lending; familiar with SBA financial programs, especially 7a and 504

Track record of business development

PC proficient in Word and Excel

Customer service

Effective verbal and written communication skills

Bilingual may be required

Applicants must be authorized to work in the United States without the need for visa sponsorship now or in the future

Benefits

Medical insurance

Vision insurance

Dental insurance

401(k)

Disability insurance

Company

Royal Business Bank

Since opening our first branch in Los Angeles in 2008, Royal Business Bank has grown rapidly by adding branches in California, Nevada, New York, New Jersey, Illinois, and Hawaii.

Founded in 2008

Los Angeles, California, USA

201-500 employees