SBA Credit Analyst

Committed to DEI&B - Mogul Diversity Badge, 2022

Great Place to Work Certified, August 2022 - August 2023 USA

Overview

SmartBiz is on a mission to transform small business banking. SmartBiz is the leading technology-powered small business financing platform equipping entrepreneurs with access to the right capital at the right time. To date, we've connected borrowers with more than $9 billion in funding while increasing efficiency for our network of banks and trusted lending partners. More than 230,000 entrepreneurs have utilized our platform to access the funding they need to grow, with 60%+ of loans made to minority, women, or veteran-owned businesses.

Position Overview

SmartBiz is seeking a Credit Analyst who will support SmartBiz's Funding Operations team in evaluating the financial health of a SBA loan applicant to determine whether to approve their application. Critical to this role is an understanding of credit, strong financial acumen, the ability to critically analyze and assess information and work closely with Funding Operations team members to build out the credit story of the small business applicant.

We're seeking a new teammate who has a high level of intrinsic motivation, is extremely detail-oriented and organized, is eager to use their financial analysis skills, and enjoys working effectively with cross-functional teams in a fast-paced financial technology environment.

How You Will Make An Impact:

• Quickly and accurately analyze financial statements (business and personal tax returns, income statements, balance sheets, bank statements, credit reports, ..) to determine the creditworthiness of small businesses

• Build a deep understanding of our credit policies and credit culture

• Verify accuracy and consistency of details provided on the customer's application and documentation

• Ensure compliance with the SBA underwriting and eligibility guidelines

• Provide training of new Relationship Managers and ongoing training of the existing Funding Operations team to ensure their understanding of credit, underwriting, and general eligibility

• Review and provide support on complex credit and loan structures to help Relationship Managers appropriately underwrite and package loan applications

• Enforce quality control of files and integrity under bank and regulatory criteria

• Form a strong working relationship with the Relationship Managers internally and credit teams externally at partner banks

• Continually assess and improve credit and compliance-related processes

• Perform required monitoring of existing loan portfolio performance

Who You Are:

• 2+ years of experience in financial services

• Strong knowledge of commercial banking underwriting, SBA small loan underwriting is a plus

• Exceptional oral & written communication skills

• Highly organized and detail-oriented

• Bachelor's Degree in Accounting, Finance, Economics, or a related field

• Experience with Salesforce is a plus

Opportunities & Benefits We Will Provide:

• Help redefine small business banking

• Competitive salary and equity in a fast-growing start-up

• 100% paid medical, dental, and vision benefits for employees and their domestic partners and dependents

• 100% paid life and disability insurance

• Flexible vacation policy

• 401k plan

More About SmartBiz:

• 60% + of the loans funded by our banks are for women-owned, minority, or veteran businesses

• Great Place to Work Certified, August 2022 - September 2024 USA

• Committed to DEI&B - Mogul Diversity Badge, 2022

• 2021 Top Small Business Lending Platform Award by LendIt Fintech

• American Banker's Best Places to Work in Financial Technology in 2017, 2020, 2021, 2022, and 2023

• Rated "excellent" by TrustPilot review website

• The company has raised $47 million in venture funding. Investors include Venrock, Investor Growth Capital, and First Round Capital.

SmartBiz Loans is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law.

California residents can learn more about how we use your information by visiting https://sites.google.com/view/smartbizloans-employment-ccpa