Banesco USA · 3 days ago
SBA Credit Underwriter
St. Petersburg, FL
Full-time
Onsite
Mid, Senior Level
3+ years expBanesco USA is seeking an SBA Credit Underwriter for our SBA Credit Business Unit. The role involves performing eligibility analysis for SBA loan requests, preparing credit memorandums, and underwriting new and existing loans while ensuring compliance with SBA procedures.
BankingFinanceFinancial Services
Responsibilities
Perform eligibility analysis for SBA loan requests 7(a) to ensure compliance with current SBA Standard Operating Procedures (SOP 50 10)
Prepare comprehensive SBA credit memorandums that address specific SBA requirements, including business valuation analysis, equity injection verification, and refinance eligibility
Assist in the structuring of SBA loans to maximize the government guarantee while mitigating risk to the Bank
Perform underwriting of new and existing commercial real estate loans, mostly for complex requests, to assess the financial condition, repayment capacity, and risks associated with the transaction
Perform real estate cash flow analysis, global cash flow analysis, and assess the financial condition of guarantors of such transactions
Perform underwriting of new and existing business loans, mostly for complex requests, to assess the financial condition, operating performance, and repayment capacity of such loans
Perform financial analysis, projections and industry analysis
Responsible for obtaining the necessary information in a timely manner from lending officers and other officers of the bank
Responsible for complying and adhering to the Bank’s Credit Policy and SBA processing requirements
Responsible for completing the annual training program assigned
Performs other functions and/or duties as assigned
Qualification
Required
Bachelor's degree in business and/or Finance or equivalent experience
Three (3) to Five (5) years of experience in the Banking industry as a Credit Underwriter with a specific focus on SBA 7a, C&I, CRE, and ABL lending
Demonstrated knowledge of SBA Standard Operating Procedures (SOP), eligibility requirements, and E-Tran logic
Advanced underwriting knowledge of commercial real estate and commercial and industrial loans, as well as specialized loans which include but are not limited to SBA loans, Asset Based Loans, Construction Loans, etc
Benefits
Paid Time-Off.
Tuition reimbursement.
Paid parental leave.
Medical, Dental, Vision
401k
Life Insurance
Supplemental Insurances
Short-Term & Long-Term Disability Benefits
Company
Banesco USA
With a proud legacy since 2006, Banesco USA is at the forefront of revolutionizing the banking landscape.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$11.91M2019-01-28Series Unknown· $11.91M
Leadership Team
Calixto (Cali) Garcia-Velez
President & Chief Executive Officer
Michel Vogel
Senior Vice President - Chief Credit Officer
Recent News
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