SBA Senior Underwriter
WFA Digital Insight
As the demand for digital banking solutions continues to grow, with a notable 27% increase in online loan applications in 2025, skilled SBA underwriters are in high demand. Grasshopper Bank's commitment to innovation and remote work flexibility makes this role particularly attractive. With the rise of fintech, candidates with a strong understanding of digital credit analysis and SBA regulations are highly sought after. Before applying, it's crucial for candidates to understand the intricacies of SBA lending and the importance of collaboration in a remote setting.
Job Description
About the Role
The SBA Senior Underwriter position at Grasshopper Bank is a critical role that involves evaluating Small Business Administration (SBA) loan applications based on the bank's established credit criteria and SBA Standard Operating Procedures. This role is integral to the bank's mission of providing leading-edge financial solutions to its clients. As a key member of the team, the SBA Senior Underwriter will work closely with business development officers, closers, and other stakeholders to ensure the efficient processing of loan applications.The successful candidate will have a deep understanding of SBA lending regulations and the ability to analyze complex financial data. They will be responsible for preparing high-quality credit memos and recommending structural changes to loan applications as needed. The role requires strong analytical and problem-solving skills, as well as excellent communication and collaboration skills.
Grasshopper Bank is committed to fostering a culture of innovation and excellence. As a digital-first bank, it offers its employees the flexibility to work remotely, providing an excellent opportunity for those who value work-life balance. The bank's entrepreneurial drive and focus on cross-functional teamwork create a dynamic and supportive work environment.
What You Will Do
- Conduct in-depth analysis of financial information to form a recommendation of approval or denial of new loans
- Collect, analyze, and evaluate financial and related data to determine creditworthiness of loan prospects and merits of specific loan requests
- Collaborate with sales officers, applicants, and referral sources to gather all necessary information to present an accurate and complete picture of the loan request
- Interface directly with applicants to understand their needs as well as the specific risks to their businesses
- Perform comprehensive financial analysis, including cash flow modeling, to determine creditworthiness as well as SBA eligibility
- Prepare high-quality, detailed credit approval documents that contain an in-depth analysis and an understanding and identification of credit issues and risks
- Outline the risks and mitigating factors of a credit facility based upon the analysis of business and personal financial statements, collateral, global cash flow, economic and industrial factors, and debt service capacity
- Meet or exceed service level agreements and timeline expectations throughout the process
- Provide credit and loan underwriting expertise to sales officers
- Recommend terms under which credit will be extended, including the costs, repayment method, and collateral requirements
- Assign accurate risk ratings for new loans
- Support the Bank's strong relationship banking culture through ongoing customer contact, quality customer service, and superior product knowledge
What We Are Looking For
- Bachelor’s degree from a four-year college or university
- A minimum of five years of experience in bank underwriting, preferably in SBA lending
- Strong understanding of SBA lending regulations and credit analysis
- Excellent analytical and problem-solving skills
- Ability to work independently and as part of a team
- Strong communication and collaboration skills
- Experience with financial analysis software and tools
- Understanding of financial statements, cash flow modeling, and credit risk assessment
- Ability to meet deadlines and work under pressure
Nice to Have
- Experience with loan origination systems and other banking software
- Certification in SBA lending or a related field
- Knowledge of financial modeling and forecasting
- Experience in a remote work environment
Benefits and Perks
- Competitive salary and benefits package
- Opportunity to work with a innovative and dynamic team
- Flexible remote work arrangements
- Professional development and growth opportunities
- Access to cutting-edge financial technology and tools
- Comprehensive health insurance and retirement plan
- Generous paid time off and holidays
- Remote work stipend and equipment allowance
- Collaborative and supportive work environment
How to Stand Out
- Tip: Ensure your resume highlights specific experience with SBA lending regulations and credit analysis.
- Tip: Prepare examples of complex financial analysis you've conducted in the past, including cash flow modeling and credit risk assessment.
- Tip: Research Grasshopper Bank's products and services to understand their focus on digital banking solutions and how you can contribute to this mission.
- Tip: Be ready to discuss your experience with financial analysis software and tools, as well as your ability to work independently and as part of a team.
- Tip: Consider obtaining certification in SBA lending or a related field to enhance your candidacy.
- Tip: Emphasize your excellent communication and collaboration skills, as these are critical for success in this role.
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