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SBA Commercial Loan Underwriter - Spokane Valley, WA - Full-Time

SBA Commercial Loan Underwriter

NWBDA Spokane, WA, USA

Qualifications

    • High school or equivalent (Required)

    • English (Required)

    • US work authorization (Required)

Full Job Description

JOB SUMMARY: This position is responsible for monitoring of the loan servicing and collection/liquidation functions of NWBDA.

ESSENTIAL JOB FUNCTIONS:

The essential functions of the position include but are not limited to the following:

  • General loan servicing/collection procedures to include commercial credit underwriting/documentation;
  • Monitoring and timely collection of delinquent loan payments;
  • Extensive servicing for problem loans with specific emphasis on Third Party Lender;
  • Assist Portfolio Manager with preparation of SBA liquidation submissions to SBA and District Counsel;
  • Perform annual, or more frequent if appropriate, financial review and assign appropriate loan grades using current financial statements or using an alternative methodology in the absence of financial statements;
  • Thorough documentation of files and preparation of reports as required, including but not limited to delinquency, liquidation, workout, problem and watch loan reporting;
  • May assist with servicing requests such as assumptions, subordination requests, and collateral or guarantor releases;
  • Performing general secretarial and clerical duties, including typing, copying, scanning, and filing loan documentation, correspondence, memos, letters, etc.; and
  • Assisting any and all departments with various tasks relating to each stage of the loan process or operations as needs arise.

ADDITIONAL RESPONSIBILITIES:

  • Make recommendations to NWBDA Portfolio Manager for procedural changes to promote efficiencies within the company;
  • Attempt to attend all meetings where your presence is requested by management;
  • Attempt to attend all training classes/webinars provided by NWBDA that will benefit your current or future positions with NWBDA;
  • Assist with other requests or duties as requested by management; and
  • Comply with all Northwest Business Development Association’s policies and procedures.

MINIMUM QUALIFICATIONS FOR CONSIDERATION:

  • Bachelor Degree in Accounting, Finance, Business, Economics or related field, or equivalent on-the-job training; and
  • Two years previous lending experience in areas of Credit Analysis, Special Assists and Liquidation, Loan Documentation, Prudent Lending, SBA Standard Operating Procedures, Loan Regulation Compliance.

KNOWLEDGE, SKILLS, AND ABILITIES:

  • Strong proficiency in PC applications including Windows, MS Word, MS Excel;
  • Ability to maintain a high degree of confidentiality;
  • Good verbal and written communication skills;
  • Good team building and interpersonal skills: able to work well with a wide range of people in various positions within the company;
  • Strong organizational and time management skills;
  • Demonstrate dependability through good attendance and adherence to timelines and schedules;
  • Good analytical and problem solving skills;
  • Demonstrate resourcefulness and ability to take initiative in development and completion of projects; and
  • Strong sense of customer service.

PHYSICAL REQUIREMENTS:

This position is sedentary and requires the following physical activities:

  • Sitting for long periods of time; occasional bending, squatting, kneeling, stooping; good finger dexterity and feeling; frequent repetitive motions; talking, hearing and visual acuity; and
  • Frequent lifting (up to 25 pounds of paper supplies or minor office equipment).

WORKING CONDITIONS:

Normal office environment.

Job Type: Full-time

Pay: $45,000.00 – $55,000.00 per year

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Health insurance
  • Life insurance
  • Paid time off
  • Tuition reimbursement
  • Vision insurance

Physical Setting:

  • Office

Schedule:

  • 8 hour shift
  • Day shift
  • Monday to Friday

Supplemental Pay:

  • Bonus pay
  • Signing bonus

COVID-19 considerations:
Masks are required for all employees and visitors. Common surfaces are sanitized regularly. Office layout allows for a high degree of natural social distancing. Vaccinations are strongly encouraged.

Ability to commute/relocate:

  • Spokane, WA: Reliably commute or planning to relocate before starting work (Required)

Application Question(s):

  • Are you willing to undergo an employment credit/background checking and FBI Fingerprinting?

Education:

  • High school or equivalent (Required)

Experience:

  • lending: 2 years (Required)

Language:

  • English (Required)

Work Location: One location

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