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SBA Credit Officer

Company: MVB Bank
Location: Miami
Posted on: November 22, 2021

Job Description:

DescriptionThe SBA Credit Officer will be responsible for overseeing performance and ensuring quality control standards are met within the SBA Division of the Credit Department in relation to Asset Quality and Credit Risk Management. This role will be responsible for: Asset Quality Management

  • Monitor the execution of a comprehensive and consistently applied SBA Underwriting Program applicable to all SBA lending activities that generate credit exposure
  • Ensure the loan Risk Grading System is consistently applied in compliance with regulatory guidance
  • Monitor the execution of a comprehensive Portfolio Management Program to ensure adequate and timely risk mitigation with respect to existing SBA loan portfolios
  • Manage overall workflow of the SBA Division of the Credit Department to fulfill underwriting responsibilities with respect to new loan production and portfolio management
  • Perform preliminary underwriting and participate in preliminary loan discussion calls/meetings with clients for the most complex loans, as appropriate
  • Ensure procedures are in place for the proper record-keeping including acquisition and storage of all required underwriting documentation Credit Risk Management Standards and Practices
    • Maintain extensive knowledge of the SBA Standard Operating Procedures (SOPs) and ensure appropriate communication of, and compliance with, the regulatory requirements included within
    • Maintain extensive knowledge of the Credit Risk Management Policy and ensure appropriate communication of, and compliance with, the policies included within
    • Routinely participate in various management level committee meetings with an emphasis on providing an asset quality/risk mitigation perspective
    • Perform loan approval responsibilities within assigned authority limits Regional Market Analysis
      • Perform and interpret analysis of appropriate Market and Industry data to be used in underwriting, portfolio analysis and stress testing, and allowance for loan loss analysis
      • Provide insight to management level committees with respect to the risks of SBA lending for the purpose of adjusting lending strategies, as appropriate Credit Department Performance and Development
        • Develop new and/or revise existing underwriting standards as necessary, and recommend changes for the benefit of the department
        • Continually assess department specific processes and procedures and recommend improvements as deemed necessary
        • Ensure SBA Credit Managers and Portfolio Managers perform duties consistent with MVB policies and standard departmental processes and procedures
        • Develop skills of SBA Credit Managers and Portfolio Managers specific to assigned duties and future responsibilities
        • Identify education opportunities for SBA Credit Managers and Portfolio Managers that are consistent with their assigned duties
        • Perform employee performance evaluations of SBA Credit Department personnel, making Education and work experience includes:
          • Bachelor's degree in accounting, finance, economics, or related field, or equivalent work experience
          • Ten or more years of management experience in a financial institution, in SBA commercial lending and credit administration preferred.
          • Advanced knowledge of SBA Standard Operating Procedures (SOPs)
          • Advanced knowledge of credit administration, policy, and procedures
          • Advanced knowledge of economics, accounting, and finance
          • Advanced knowledge of risk analysis and mitigation
          • Advanced technical report writing skills and knowledge
          • Excellent verbal and written communication skills
          • #LI-Remote

            CategoryLoan OfficersEducationBachelor's DegreeExperience10 to 20+ yearsJob typeFull time

Keywords: MVB Bank, Miami , SBA Credit Officer, Other , Miami, Florida

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