Regions Bank SBA Underwriter in Helana, Montana
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
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At Regions, the SBA Underwriter provides underwriting support for the Regions SBA Portfolio. This position serves as the primary evaluation point for SBA loan requests with responsibilities including reviewing applications against approval checklist by product type, completing initial eligibility analysis, financial statement spreading, detailed analysis of repayment capacity and financial metrics, and initial Credit Approval Package preparation. The SBA Underwriter may also provide the initial framework for various credit servicing activities, including establishing requirements for ongoing monitoring of financial statements, ratios or other performance metrics, collateral management, and overall performance of SBA loans.
Reviews each assigned SBA application following completion of the Pre-Underwriting Review process
Applies knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for accuracy, completeness, and eligibility
Confirms accurate execution of tasks performed by SBA Underwriter I
Provides mentoring and support for SBA Underwriter I
Primarily handles applications with total credit exposure of $350,000 and less, including all applications submitted through Regions’ SBA Small Dollar Program
Performs analysis of financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors
Reviews business and personal credit reports, as well as industry and market data
Identifies and properly mitigates all risks associated with each assigned SBA application
Prepares an appropriately detailed credit memorandum outlining terms and conditions for loan closing, summarizing financial and business analysis, and addressing mitigation of all identified risks
Demonstrates excellent working knowledge of all systems utilized by the department
Eligible for individual lending authority up to $500,000
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
This position is incentive eligible.
Bachelor's degree in Accounting, Finance, or related field
Two (2) years of SBA experience, commercial loan underwriting, financial analysis or portfolio management experience
Skills and Competencies
Ability to identify and voice issues
Ability to prioritize and operate with a sense of urgency
Ability to work collaboratively with multiple stakeholders
Organized, detail-oriented, and able to multi-task
Strong analytical and problem solving skills
Strong verbal and written communication skills
This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.
This position may be a remote position depending on candidate's location.
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the national range and level of the position
Job Range Target:
Incentive Pay Plans:
This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Health Savings Account
Flexible Spending Account
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans