Underwriting Compliance Officer - Remote
Company: Southern Bancorp
Location: Little Rock
Posted on: January 26, 2025
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Job Description:
Who We Are:Southern Bancorp is a different kind of bank. As a
Community Development Financial Institution (CDFI), a special
certification designated for institutions that serve predominantly
underserved communities, Southern Bancorp combines traditional
banking and lending services with financial development tools and
public policy advocacy to help families and communities grow
stronger. Inspired by the principle that building net worth drives
economic opportunity, our mission is to be wealth builders for
everyone in the communities we serve, with a focus on low-wealth
and un(der)banked populations, as well as an emphasis on Black and
Brown individuals. Job SummaryResponsible for the analytical work
in regards to Small Business Administration (SBA) loan
applications, consistently underwriting safe and sound SBA loans
that are in compliance with SBA & SBB underwriting standards.
Responsibilities Conducts research and analysis of routine
financial, tax, and credit document to determine the credit
worthiness of applications and set appropriate limits based on
current policy. Prepares financial statement spreads using
financial documents, comparing to industry trends in order to
evaluate the credit relationship and capacity to repay the entities
or individuals debt. Reviews potential SBA loans on
qualification.Analyzes credit requests to ensure they are in
compliance with SBA eligibility and underwriting guidelines.Ensures
cash flow analysis is consistently calculated, supported,
documented, and appropriate notes provided.Attends SBA seminars as
needed to stay up to date with the SBA SOP.Exhibits knowledge on
Small Business Administration loan policy and stays current on any
changes within policy along with SBA reporting information. Submits
approved SBA/SBB loans into E-Tran. Prepares documentation for SBA
Loan Reviews (annual loan reviews for the SBA and hired
firms).Submits SBA Guaranty Forms - collecting on guaranty and
liquidation process. Collaborates and communicates with all parties
including loan processing team and loan operations team.
Participates in a team effort to cross-sell bank and affiliate
products and services.Performs other related duties as required or
assigned. RequirementsEducation and ExperienceBachelor's Degree in
Finance, Business Management, Accounting or related field.Extensive
experience in SBA banking environment, minimum of five years of SBA
and commercial credit underwriting experience. Other Skills and
Abilities:
Physical/Sensory RequirementsWhile performing the duties of this
job, the individual is:Regularly required to sit, talk, and hear;
reach with hands and arms; and occasionally stand and walk, stoop,
kneel or crouchMay be required to lift or move up to 10 pounds
occasionallyRegular required to use computers, telephone, and other
standard office equipment Physical Demand & Work Environment:
Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions.
#LI-remote
What we offer our employees:A positive impact on Your
Future:401(k)/Roth plan with immediate eligibility and employer
match up to 6%Employee stock ownership planDiscounted rate on
primary home mortgageCredit and housing counseling as well as free
financial education tools available to customers and employees
Benefits to improve your health:No deductible medical insurance
planDental and vision insurance Employer paid life and long-term
disability insuranceFlexible Spending AccountsThe opportunity to
nurture your well-being:Paid holidays and paid time off Bonus plan
Opportunity for merit raisesEmployee reward and recognition
programsCommunity service opportunitiesSouthern Bancorp is an equal
opportunity employer. All qualified applicants will receive
consideration for employment without regard to race, religion,
color, national origin, sex, age, sexual orientation, gender
identity, gender expression, status as a protected veteran, among
other things, or status as a qualified individual with disability.
Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions.As a Community
Development Financial Institution, Southern Bancorp desires its
workforce to reflect the diversity of the customers and communities
that we serve. Racial and ethnic minorities, people from working
class backgrounds, women and LGBTQ people are often
underrepresented in many financial service industry professions.
Therefore, we strongly encourage applications from people with
these identities or who are members of other marginalized
communities.
This position is open only to candidates residing in the following
states: AL, AR, FL, GA, LA, MS, MO, NC, SC, TN, and TX.
Keywords: Southern Bancorp, Little Rock , Underwriting Compliance Officer - Remote, Accounting, Auditing , Little Rock, Arkansas
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