Job Description

As an SBA Underwriter within the SBA Lending team, you would be responsible for underwriting new and existing customers, analyzing financial statements, collaboration with banking partners and making loan decisions on SBA Banking customers. In this role, you would be required to manage a pipeline of new credit requests, which includes underwriting and decisioning loan files.

The purpose of the SBA Underwriter role is to ensure the bank is booking acceptable loans with acceptable risk profiles based on the bank's credit policy. The SBA Underwriter is expected to make credit decisions within their credit authority and recommend decisions on deals going through loan committee.

After one year as our SBA Underwriter, you will know you were successful if you are able to handle the following confidently and independently.

• Fully underwrite new and existing customers for the bank's SBA Loan Portfolio
• Complete all new loan underwriting in a timely manner to meet client expectations.
• Provide updates to Chief Credit Officer and Senior Credit Officer on a regular basis on trends or deals in progress
• Work as a team player and be considerate of customers, co-workers, and vendors
• Interact with clients and Account Officers regarding current and exiting customers
• Risk rate deals which require rating based on knowledge of the customer
• Other duties as determined to ensure the Underwriting meets the bank's risk standards

What are we looking for…

• Prior Underwriting experience for Business Banking or SBA lending preferred
• Knowledge of SBA and various governmental agencies reporting requirements and regulations preferred
• Proficiency using MS Excel, Word, and Outlook required
• Strong attention to detail, along with organizational skills required
• Able to work under pressure and meet deadlines
• Requires problem solving skills as well as the initiative to troubleshoot and find resolutions
• Strong verbal and written communication skills needed

ABOUT MERCHANTS

Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including Federal Housing Administration (“FHA”) multi-family housing and healthcare facility financing and servicing; mortgage warehouse financing; retail and correspondent residential mortgage banking; agricultural lending; and traditional community banking. Merchants Bancorp, with $17 billion in assets and $14.1 billion in deposits as of December 31, 2023, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Servicing, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.

We are very proud of being recognized both nationally as one of the top-performing public banks in the US. By S&P Global Market Intelligence and locally as a Best Place to work in Indiana for seven consecutive years. Learn more about this read more here.

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