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SBA Underwriter

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Job Details
Job Order Number
Company Name
Regions Bank
Physical Address

Hoover, AL 35226
Job Description

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.

Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored for a set period of time. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description:

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.

Primary Responsibilities

+ 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 prioritize and operate with a sense of urgency

+ Strong verbal and written communication skills

+ Organized, detail-oriented, and able to multi-task

+ Strong analytical and problem solving skills

+ Ability to identify and voice issues

+ Ability to work collaboratively with multiple stakeholders

Position Type

Full time

Location Details

Riverchase South


Hoover, Alabama


About Regions

At Regions, our culture focuses on five core values that are a commitment to how we will do business:

+ Put people first

+ Do what is right

+ Focus on your customer

+ Reach higher

+ Enjoy life

Through these values, our mission to make life better drives our desire to improve and make a positive difference in the communities where we work and live through financial investments and volunteering.


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