Underwriter, Government Guaranteed Loans Phoenix, AZ or Los Angeles, CA
For our location in Phoenix, AZ or Los Angeles, CA we are seeking a seasoned Underwriter for Government Guaranteed Loans. This position is responsible for underwriting and structuring of Small Business Administration (SBA) Loans, USDA loans and Export-Import Bank Loans. Also oversees the development and maintenance of a Government guaranteed loan portfolio including credit quality, delinquency control, adherence to bank policies and compliance with all banking regulations.
Essential Duties and Responsibilities:
Provide credit and loan underwriting expertise to Relationship Managers on Government guaranteed loans. Collect, analyze and evaluate financial and related data to determine credit worthiness of loan prospects and merits of specific loan requests.
Recommend terms under which credit will be extended, including the costs, repayment method and collateral requirements.
Prepare Credit Memorandums and present loan requests to Loan Committee when applicable.
Maintain a loan portfolio including tracking of documentation, exceptions, insurance, tracking of financial covenants and risk grading evaluation.
Follow delinquent accounts and keep delinquency of portfolio under supervision within approved limits.
Identify weak or problem assets and, with the assistance of the Government Guaranteed Lending Manager, prepare problem loan reports quarterly.
Interact with staff involved in documentation preparation, computer operations, loan accounting and note servicing to assure a high level of accuracy with work product.
Evaluate loan purpose and disbursement procedures for all loans and determine source of cash collateral on cash secured loans in accordance with the bank's Bank Secrecy Act policy and procedures.
Support the Bank's strong relationship banking culture through on-going customer contact, quality customer service, and superior product knowledge.
Understand and adhere to the Bank's Bank Secrecy Act policy and procedures and "know your customer/enhanced due diligence" guidelines.
Brings any suspicious activity to the attention of a supervisor, or the Bank Secrecy Act Officer.
Maintain up to date knowledge and may train others on products, services, departmental systems, and related technology, policies and procedures.
Follow all Bank policies and procedures to ensure compliance with all laws and regulations.
May perform other duties as assigned.
Bachelor's degree in Finance, Business, or Economics.
Minimum of 3+ years of commercial credit underwriting experience required.
Minimum of 1+ years of working experience with SBA/USDA programs required.
Formal credit training preferred, combined with good credit and analytical skills.
Thorough understanding of general economic theory as it relates to the banking and business environment.
Some experience or thorough education in accounting and finance principals.
Effective communication and technical report writing skills.
Ability to interact with all levels of clients, staff, and management.
Ability to work successfully in a deadline driven, team environment.
Strong MS Office skills, especially with Excel.
Please consider joining our DYNAMIC, friendly team! It takes only a few minutes to check-out this great opportunity and apply!
Grandpoint Bank is committed to leveraging the diverse backgrounds, perspectives, and experiences of our workforce to create opportunities for our people and our business. We offer a competitive compensation and benefits package including a 401K plan.
Grandpoint Bank is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.
Pre-employment background screening is required for all positions.
Note: This preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Additional Salary Information: Salary is commensurate with experience. We offer a competitive compensation and benefits package including a 401k plan
About The Biltmore Bank of Arizona, a Division of Grandpoint Bank
At The Biltmore Bank of Arizona, a Division of Grandpoint Bank, it's not about us, it's about our clients! We started the bank to serve the business banking needs of Arizona's locally owned and operated businesses. It's about providing our clients with the Ultimate Banking Experience. At all levels of the organization, we have attracted people who bring exceptional experience, talent and integrity to the bank and to each client relationship.