Small Business Underwriter I – Remote AL, AR, LA, MS & TN Position Available In Hinds, Mississippi

Small Business Underwriter I – Remote

AL, AR, LA, MS & TN

Job Category:

Commercial

Requisition Number:

SMALL002081

ing Details
ed: April 7, 2025
Full-Time
Remote
Locations
Showing 1 location
Jackson, MS (Remote) Job Details

Description Title:

Small Business Underwriter I

Department:

Commercial Lending – Credit Department

Reports To:

Small Business Underwriting Team Lead

Supervises:

N/A

Job Classification:

Full-time, Exempt

Location:

Remote

AL, AR, LA, MS & TN

The Small Business Underwriter I is responsible for conducting credit and financial analyses for new loan requests to evaluate safety and soundness while minimizing risk for the organization. Generally, the Small Business Underwriter I will be responsible for small business loan request of up to $250,000. The Underwriter may assist Portfolio Management and other areas of the Commercial Lending team as needed.

Job Responsibilities:

Collaborate with the loan officers and market leaders to discuss credit request and develop strategies to identify and mitigate any potential risk.
Conduct initial review of the incoming loan packages by determining creditworthiness and compliance with the Credit Union’s policy and the NCUA.
Analyze applicant’s business operations, historical cash flow, balance sheet and financial condition, management structure, collateral, projections and compare these elements to RMA when applicable.
Calculate appropriate financial ratios utilizing, but not limited to, the following methods UCA, Net Operating Income, EBITDA, and Global Debt Service.
Research and investigate applicable industry and market data/trends.
Coordinate and incorporate third party reports into the credit analysis when appropriate.
Review and determine viability of projections, when applicable, for the analysis.
Review and restructure deals as appropriate.
Prepare a credit memorandum for presentation to the Credit Committee, with final recommendation.
Participate in the periodic review of existing portfolio credits, as needed
Assist in the preparation of Loan Extensions/Modifications, as needed
Stay abreast of NCUA regulations, industry changes and the credit culture.
Perform general administrative duties such as attending meetings, report production, etc.
Assist with special projects as requested/assigned Required Qualifications Bachelor’s Degree in Finance, Accounting, or Business Administration
Minimum of 1-year commercial, commercial credit analysis or small business underwriting, spread analysis (i.e., balance sheets, income and cash flow statements), lending, underwriting concepts, practices and procedures or other directly related experience
Good understanding of commercial and/or small business lending policies and procedures and general banking laws and regulations.
Must have good customer relations and communication skills.
Must be a self-starter, dependable, accurate in completing responsibilities with strong attention to detail and organizational skills.
Working knowledge of various related software applications, including spreadsheets, word processing, etc. Competencies/Skills Ability to read and interpret documents and write routine reports and correspondence
Ability to speak effectively before groups of customers and employees of the organization
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals
Ability to compute rate, ratio and percent and interpret data.
Ability to deal with problems involving a few concrete variables in standardized situations.
Ability to evaluate creditworthiness from multiple structured and unstructured variables.
Ability to restructure loans as necessary.
Organizational Awareness
Problem Solving
Usage of Technical Expertise
Written Communication
Results Orientation
Attention to Detail Physical Demands Employee is regularly required to sit, stand, and walk
Employee will use hands to finger, handle or feel, reach with hands and arms, and talk or hear
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work Environment Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions

Comprehensive Benefits Package:

Paid Vacation and Sick Time
11 Paid Holidays
401(k) with Company Match
Medical, Dental, and Vision Benefits
Flexible Spending Account (FSA)
Disability Benefits
Life Insurance, Critical Illness, Accident
Employee Assistance Program (EAP)
Tuition Reimbursement, Professional Development We are an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.