Seedcopa is hiring for the following position:
TITLE: Senior Credit Underwriter
REPORTS TO: Seedcopa Managing Director
PRIMARY FUNCTION: To credit underwrite and analyze US Small Business Administration (SBA)/Federal and State loan programs, perform financial change actions, monitor loan disbursements and review/submit appraisal and environmental reports.
KEY RESPONSIBILITIES
- Full spread and analysis of Borrower’s financial statements, tax returns and credit information in order to determine creditworthiness in accordance with Federal/State agency and Seedcopa credit guidelines.
- Prepare the full credit approval memorandum, including the above financial analysis as well as the narrative required to summarize and support the loan request.
- Perform internet and other searches to learn Borrower, project or industry background or concerns, in order to assist in the completion of all duties
- Prepare and submit any financial-based change actions required. Examples include the SBA “No Adverse Change” summary and analysis, prior to loan closing, or analysis for a request to increase a loan’s total project
- Work with Bank partners and Borrowers to verify the Bank’s construction and improvement loan disbursement, ensuring that they are in compliance with Federal or State requirements
- Evaluate and prepare appraisal and environmental reports for Agency submission
- Interact by phone, via email or in-person with Borrower, Bank partners or other centers of influence in order to complete responsibilities
- Attend regular online or in-person training sessions to keep abreast of program changes and improvements
REQUIRED SKILLS/KNOWLEDGE/EXPERIENCE:
- At least 5 + years of commercial banking credit underwriting experience, preferably direct experience in SBA 504 or SBA 7a
- Solid knowledge of the commercial lending process
- Attention to detail and well-organized
- Desire to deliver excellent customer service
- Experience with Microsoft Office suite, Salesforce (or other CRM), loan/internet software and paper/electronic files
- Commitment to strong culture of collaboration and cooperation
- Strong interpersonal and communication skills, which may be via email/text, phone call or in-person
- Highly self-directed with an ability to manage change and prioritize multiple projects in a deadline-driven environment.
Working Conditions: Seedcopa is the lending affiliate of the Chester County Economic Development Council (CCEDC). This role requires regular on-site presence, with occasional off-hours work for emergency situations or projects. However, once training is complete a partially remote work option, consistent with CCEDC’s organizational policy, is available.
This position offers a hybrid work arrangement, allowing a combination of remote and in-office work to support flexibility and productivity.
Benefits: CCEDC provides a highly competitive benefits package to full-time employees inclusive of dental, health and life insurance, paid time off and an employer matched 401(k) program.
Time Requirement: Full-time
Date: December 5, 2024
Contact: If interested, please contact Seedcopa Managing Director Sherwood Robbins at srobbins@seedcopa.com
Chester County Economic Development Council (CCEDC) is Equal Opportunity, Affirmative Action Employer. The Chester County Economic Development Council is dedicated to building a culturally diverse staff who understands, respect, and value our mission and work. We encourage applications from women, minority groups, veterans and people with disabilities.
