This position is responsible for business credit activities for Bethpage ensuring consistency with our MBL policy and commercial credit standards for our business lending activities and portfolio, including SBA loans. Primary responsibilities include preparing detailed credit analysis on credits to provide Management sufficient information to make a sound credit decision, review of all credit approval memos prior to submission to the department VP and Credit Committee, and to underwrite credit scored loans up to an approved limit, all in accordance with Bethpages policies and procedures. Work effectively with sales team and support staff to manage all aspects of the portfolio.
Perform an impartial credit analysis on Business Loan requests including, lines of credit, term and equipment loans, business vehicle loans, and SBA 7a and SBA Express loans providing credit recommendations. Provide a complete review of all credit requests prior to submission to department VP. This includes a detailed analysis of the business entity and its owners/guarantors. Prepare a detailed written analysis on new credit requests and annual reviews focusing on the Companys financial position, cash flow, historical background, contingent exposures, outlook, market/industry, risks/mitigating factors as well as management assessment and guarantor strength.
Recommend risk ratings and pricing for each approved credit application. Spread borrowers financial statements or tax returns into a standard spreadsheet form to provide support of the financial analysis of the borrower.
Provide credit support to relationship managers, management, members and prospective members while maintaining extraordinary service standards.
Responsible for the timely evaluation of annual reviews and the satisfactory resolution of credit deficiencies, such as collateral exceptions and covenant violations.
Responsible for underwriting review of all credit approval memos prior to submission to department VP and Credit Committee, as applicable. Assure that all loans are decisioned and closed within expected time frame. As well as correspondence with Credit Union counsel in coordinating closing transactions. Assist in general pipeline management and correspondence with participation credit union, as applicable.
Assist in the development and maintenance of appropriate portfolio management reports to track loan outstandings, committed balances, UCC filings, risk ratings, annual reviews, loan covenants, portfolio composition of lending products and industry exposure.
Maintain underwriting files according to established Bethpage guidelines and regulations. Prepare and maintain all closing documentation for each credit facility.
Minimum of 5 years of related business lending underwriting experience for complicated transactions
Satisfactory knowledge of credit scoring commercial loans and financial analysis techniques for Commercial and Industrial and SBA loans
Understanding of SBA eligibility and underwriting processes is desired
Demonstrated experience in supporting sales force members by providing guidance and status in a timely and professional manner
Knowledgeable in working with outside attorneys and brokers in facilitating closing of transactions.
A minimum of a Bachelors degree in Business, Finance, accounting or related field preferred.
Strong analytical skills, coupled with an ability to think and act laterally and creatively.
Strong analytical skills for documentation and evaluating SBA and C&I lending
Thorough understanding of business credit structures, loan documentation, and related legal issues
Knowledgeable of SBA operating procedures and eligibility guidelines
Excellent oral and written communication skills.
Good organizational skills.
Strong attention to detail.
Ability to prioritize responsibilities.
Ability to work on own initiative as well as in teams to collaborate with colleagues and external clients.
Willingness to learn new skills and work flexible hours.
Bethpage Federal Credit Union - 11 months ago