Associate, Senior SBA Credit Analyst/Underwriter

Position Summary:

The Senior SBA Credit Analyst / Underwriter is responsible for evaluating and underwriting SBA loan applications in accordance with the SBA Standard Operating Procedures (SOP) and Ready Capital's credit policy. This role requires advanced credit analysis capabilities, strong technical writing, and effective communication skills to support sound credit decisions and ensure compliance with SBA guidelines.

Key Responsibilities:

• Credit Analysis & Underwriting
  • Conduct thorough financial analysis of business and personal financial statements, tax returns, and cash flow projections.
  • Assess borrower creditworthiness, repayment capacity, and collateral adequacy.
  • Prepare a detailed credit memo with well-supported recommendations.
• SBA SOP Compliance
  • Ensure all underwriting activities align with current SBA SOP requirements.
  • Stay updated on changes to SBA policies and communicate implications to relevant stakeholders.
  • Collaborate with RCL's closing teams to ensure documentation accuracy.
• Technical Writing
  • Draft clear, concise, and comprehensive credit memos and risk assessments.
  • Document underwriting decisions and rationale in a professional and audit-ready format.
• Communication & Collaboration
  • Present credit findings to loan committees and senior management.
  • Communicate effectively with BDOs, borrowers, internal customers and third-party professionals to gather necessary information.
  • Provide mentorship and guidance to junior underwriters as needed.

Qualifications:

• Bachelor's degree in Finance, Accounting, Economics, or related field
• Minimum 4 years of experience in SBA credit analysis
• Deep understanding of SBA 7(a) programs and SOP requirements.
• Strong analytical skills and proficiency in financial modeling.
• Excellent written and verbal communication skills.
• Ability to work in a high volume environment

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is frequently required to stand and walk. The employee is occasionally required to reach with hands and arms; climb or balance and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 15 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually quiet