America First Credit Union · 11 hours ago
SBA Underwriter III
Salt Lake City, UT, US
Full-time
Onsite
Mid, Senior Level
4+ years expAmerica First Credit Union is seeking an SBA Underwriter III to join their SBA Lending Services Department. This role involves underwriting, analyzing, and evaluating SBA loan applications, ensuring compliance with regulations, and providing professional service to business members.
FinanceFinancial ServicesNon Profit
Responsibilities
Responsible for the underwriting, analysis and evaluation of SBA loan applications per credit union policy, procedure, and industry standards
Spreads financial information of new loan applications to provide sufficient understanding of the borrower’s financial position, managerial strategy, and expected financial performance
Analyzes financial statements and formulates questions about borrowers and guarantors to understand borrowing position and risk
Tests presumed collateral value and performance utilizing the income capitalization and other relevant methods
Identifies key risk to repayment sources and provides mitigants
Provides written analysis for the credit presentation to senior management, ALM, and those with credit approval authority
Completes annual loan reviews of existing SBA loans in the portfolio, identifying potential risk in cash flow and business operations
Responsible for underwriting SBA 7(a) and 504 loans according to the SBA’s effective Standard Operating Procedure (SOP)
Regularly reviews the SOP and relevant SBA notices to ensure compliance with SBA regulations and procedures for each loan request
Completes the aforementioned financial analyses (in Section 1) according to the standards of the SBA
Review analyses of other SBA Underwriters for grammar, compliance, accuracy, and credit risk
Attends SBA trainings as assigned
Responsible for establishing and maintaining effective coordination and communication with credit union personnel and with management
Assists all other employees in operational duties as needed. Informs departments and branches as needed
Completes required reports, records and other documentation
Attends and participates in meetings and trainings as required
Keeps management informed of area activities. Immediately reports any significant problems or concerns
Responsible for related duties as required or assigned
Stays informed regarding local and national economic conditions. Monitors legal and regulatory changes
Ensures proper maintenance, cleanliness, and security of work area. Ensures member confidentiality
Accountable to review and respond to policy violations and document rejects in a timely manner
Assists credit union members, potential members, and employees over the phone to answer questions regarding SBA loans
Completes special projects and other duties as assigned
Qualification
Required
Bachelor's Degree in Business or related field or equivalent combination of formal training and experience
Minimum of 4+ years of direct SBA underwriting experience including 7(a), Express, and 504 loans
Understanding of accounting functions, financial statements, and GAAP requirements
Understanding of business lending functions
Understanding of credit worthiness
Understanding of training and development processes
Understanding of MS Office software applications
Excellent communication and interpersonal abilities
Excellent phone skills and professional phone etiquette
Excellent problem-solving, analysis, and financial skills
Proficient in professional writing with strong grammar
Strong ability to prioritize tasks and assignments. Highly organized and attentive to detail
Highly motivated and able to motivate others
Willing to cooperate with and assist others
Able to use PC, printer, phones, fax, and business equipment
Able to operate required computer applications and software
Able to analyze loan documents, financial statements, and other borrower information
Able to achieve goals
Preferred
Thorough knowledge of Credit Union products, services, policies, and procedures including but not limited to: consumer and residential lending practices
Minimum of 2+ years of progressive business or commercial lending experience or minimum of 2+ years of progressive experience in areas where accounting, underwriting, and financial analysis skills were demonstrated
Experience reading, dissecting, and interpreting financial statements
Experience underwriting business credit, identifying risk, and mitigating risk
Experience underwriting complex deal structures with multiple entities, guarantors, and sources of cash flow
Company
America First Credit Union
America First Credit Union offers the finest financial products and services.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Thayne Shaffer
President & CEO
Brett Greenwell
Vice President - Member & Partner Relations
Recent News
GlobeNewswire
2026-01-20
2026-01-15
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