About the position
Northeast Bank's (NASDAQ: NBN) National Small Business Administration (“SBA”) Lending team is looking for a motivated and diligent Credit Analyst to support its loan underwriting and closing functions. Northeast Bank utilizes a technology-based origination platform and collaborates with an established Lender Service Provider (“LSP”) to underwrite and close SBA 7a Small Loans. Northeast Bank has earned a reputation for providing creative and responsive lending solutions and is powered by an experienced team with a successful track record. The Credit Analyst will be responsible for supporting the origination process including completing underwriting and closing due diligence items according to SBA Standard Operating Procedures (“SOP”). A successful candidate for the Credit Analyst position will have strong attention to detail and organizational skills.
Responsibilities
• Evaluate SBA 7a Small Loan applications via online portal to ensure files meet all Bank and SBA credit, eligibility, and risk standards.
• Make credit decision recommendations on straightforward loan applications to the SBA Credit Manager.
• Collaborate with the Bank's LSP to address and resolve any credit, eligibility, or documentation issues.
• Confirm prepared loan documents are accurate and consistent with the approved credit memo.
• Attend standing meetings with LSP and technology vendor to address any process or platform issues that may arise.
• Support efforts to respond to various portfolio management or audit inquiries.
• Successfully pass technical and regulatory examinations required by the Company.
Requirements
• Bachelor's degree with a strong track record of performance and leadership.
• Prior banking experience in loan underwriting, asset management, and/or loan processing preferred.
• Outgoing, charismatic, and comfortable engaging with people in all types of environments through all mediums (phone, in person, via email).
• Team-orientation with a desire to learn and improve.
• Outstanding interpersonal, verbal, and written communication skills.
• Formal bank credit training a plus.
Benefits
• Competitive compensation and benefits
• Generous PTO
• Hybrid work environment dependent on the role
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