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Grasshopper Bank · 21 hours ago

SBA Senior Credit Officer

United States

Full-time

Remote

Senior Level, Lead/Staff

15+ years exp

Grasshopper Bank is a client-first digital bank built for the business and innovation economy, focusing on providing superior service through technology and passionate people. The SBA Senior Credit Officer will oversee SBA credit underwriting management, risk decisioning, and compliance with SBA guidelines, ensuring the integrity of the loan portfolio and adherence to regulatory requirements.

BankingFinanceFinancial ServicesFinTech

Responsibilities

Manage the SBA department’s overall credit underwriting to ensure strong credit quality and disciplined credit monitoring of the SBA portfolio is in accordance with the SBA SOP eligibility requirements to maintain the integrity of the guarantee and loan repayment or the portfolio

Oversee the full range of managerial duties for the credit review compliance, collections and credit analysis functions including adherence to policies and practices of the organization and applicable SBA regulatory agencies

Ensure disciplined credit underwriting practices to maintain strong credit quality and portfolio integrity

Establish and revise internal SBA credit guidelines as required per all SOP updates

Ensure that Bank policies, practices, regulations, SBA SOP documentation requirements are followed

Develop, implement and monitor reporting systems and methods to effectively track portfolio performance

Proactively monitor and manage credit to identify any deterioration in credit quality to minimize loss exposure of the portfolio

Ensure that a consistent collection effort is maintained

Provide enhanced portfolio monitoring for SBA construction multi-fund loans and any loan portfolio concentrations

Develop and maintain SBA loan grading processes to ensure that all loans are properly risk graded for the life of the loan

Inform the Bank CEO, Chief Credit Officer, Chief Risk Officer and Head of SBA in a timely manner of any existing and potential risk issues

Provide regular analysis of the adequacy of the allowance for loan losses in partnership with the CFO

Oversee the use of outside professional vendors in accordance with the Chief Credit Officer and Chief Risk Officer (i.e. closing attorneys, consultants, appraisers, environmental consultants, LSPs, etc.) as related to all aspects of SBA lending and risk management

Provide SBA credit portfolio updates on an accurate and timely basis to management

Provide SBA SOP credit guidance and support to all underwriting, closing and servicing staff

Manage all SBA agency and regulatory audit reviews to ensure satisfactory ratings or better taking corrective actions as necessary

Serve as liaison between the bank and all regulatory authorities in connection with all SBA audits and examinations. Research and respond to inquiries of state and federal examiners as well as internal and external auditors

Qualification

SBA credit underwritingSBA credit managementSBA SOP eligibilityCredit decisioningFinancial statement analysisPolicy adherenceLeadership skillsTeam mentoring