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For Companies At a Glance
- Tasks: Underwrite loans, analyse financials, and collaborate with banking partners.
- Company: Join Merchants Bancorp, a top-performing bank with diverse services and a strong community focus.
- Benefits: Enjoy competitive pay, career growth opportunities, and a supportive work culture.
- Why this job: Make impactful credit decisions while working in a dynamic team environment.
- Qualifications: Prior underwriting experience preferred; strong Excel skills and attention to detail required.
- Other info: Immediate hiring for motivated individuals ready to thrive in a fast-paced setting.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
As an SBA Underwriter within the SBA Lending team, you would be responsible for underwriting new and existing customers, analyzing financial statements, collaboration with banking partners and making loan decisions on SBA Banking customers. In this role, you would be required to manage a pipeline of new credit requests, which includes underwriting and decisioning loan files.
The purpose of the SBA Underwriter role is to ensure the bank is booking acceptable loans with acceptable risk profiles based on the bank's credit policy. The SBA Underwriter is expected to make credit decisions within their credit authority and recommend decisions on deals going through loan committee.
After one year as our SBA Underwriter, you will know you were successful if you are able to handle the following confidently and independently.
- Fully underwrite new and existing customers for the bank's SBA Loan Portfolio
- Complete all new loan underwriting in a timely manner to meet client expectations.
- Provide updates to Chief Credit Officer and Senior Credit Officer on a regular basis on trends or deals in progress
- Work as a team player and be considerate of customers, co-workers, and vendors
- Interact with clients and Account Officers regarding current and exiting customers
- Risk rate deals which require rating based on knowledge of the customer
- Other duties as determined to ensure the Underwriting meets the bank's risk standards
Requirements:
What are we looking for…
- Prior Underwriting experience for Business Banking or SBA lending preferred
- Knowledge of SBA and various governmental agencies reporting requirements and regulations preferred
- Proficiency using MS Excel, Word, and Outlook required
- Strong attention to detail, along with organizational skills required
- Able to work under pressure and meet deadlines
- Requires problem solving skills as well as the initiative to troubleshoot and find resolutions
- Strong verbal and written communication skills needed
ABOUT MERCHANTS
Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including Federal Housing Administration (“FHA”) multi-family housing and healthcare facility financing and servicing; mortgage warehouse financing; retail and correspondent residential mortgage banking; agricultural lending; and traditional community banking. Merchants Bancorp, with $17 billion in assets and $14.1 billion in deposits as of December 31, 2023, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Servicing, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.
We are very proud of being recognized both nationally as one of the top-performing public banks in the US. By S&P Global Market Intelligence and locally as a Best Place to work in Indiana for seven consecutive years. Learn more about this read more here.
PM20 #BK
PI433f16c66daa-25405-37113115
SBA Underwriter (Hiring Immediately) employer: Rac
Contact Detail:
Rac Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land SBA Underwriter (Hiring Immediately)
✨Tip Number 1
Familiarise yourself with the SBA lending process and regulations. Understanding the specific requirements and guidelines will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the banking and underwriting sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at Merchants Bancorp.
✨Tip Number 3
Brush up on your analytical skills, especially in financial statement analysis. Being able to quickly assess a company's financial health will be crucial in your role as an SBA Underwriter.
✨Tip Number 4
Prepare for behavioural interview questions that focus on teamwork and problem-solving. Think of examples from your past experiences where you've successfully collaborated with others or resolved complex issues.
We think you need these skills to ace SBA Underwriter (Hiring Immediately)
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of an SBA Underwriter. Familiarise yourself with the key tasks such as underwriting new and existing customers, analysing financial statements, and managing a pipeline of credit requests.
Tailor Your CV: Customise your CV to highlight relevant experience in underwriting, particularly in Business Banking or SBA lending. Emphasise your proficiency in MS Excel, Word, and Outlook, as well as your attention to detail and organisational skills.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your understanding of the SBA lending process and your ability to make informed credit decisions. Mention any specific experiences that demonstrate your problem-solving skills and initiative.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for the role of an SBA Underwriter.
How to prepare for a job interview at Rac
✨Know Your SBA Regulations
Familiarise yourself with the latest SBA regulations and reporting requirements. This knowledge will not only demonstrate your expertise but also show that you are proactive and well-prepared for the role.
✨Showcase Your Analytical Skills
Be ready to discuss your experience in analysing financial statements and making credit decisions. Prepare examples of how you've successfully underwritten loans in the past, highlighting your attention to detail and problem-solving abilities.
✨Emphasise Team Collaboration
Since the role involves working closely with banking partners and clients, be prepared to talk about your teamwork experiences. Share specific instances where you collaborated effectively to achieve a common goal.
✨Prepare for Pressure Scenarios
The job requires managing a pipeline of new credit requests under tight deadlines. Think of examples from your previous roles where you successfully handled pressure and met deadlines, showcasing your organisational skills.
