Small Business Underwriter
Cambridge Savings Bank is a full-service banking institution committed to improving the financial well-being of its customers and communities. They are seeking a motivated Small Business Underwriter to evaluate and underwrite Small Business credit requests, balancing sound risk management practices while supporting the growth of the Bank’s Small Business lending portfolio.
Responsibilities
- Underwrite and analyze Small Business loan requests including:
- Term loans
- Lines of credit
- SBA Loans
- Equipment financing
- Commercial Real estate loans
- Review and analyze:
- Business and personal tax returns
- Financial statements
- Cash flow and debt service coverage
- Collateral and guarantor support
- Industry and market risks
- Prepare clear and concise credit memorandums summarizing borrower strengths, key risks, repayment analysis, and structure recommendations
- Assess credit quality in accordance with Bank credit policy, regulatory guidance, and prudent lending standards
- Partner with Relationship Managers and branch personnel to structure transactions that appropriately balance customer needs and risk mitigation
- Utilize various systems (such as nCino, Salesforce, etc.) to manage loan underwriting workflows and documentation
- Support portfolio management activities including annual reviews, covenant monitoring, and ongoing risk assessment
- Maintain strong knowledge of commercial lending products, financial analysis techniques, and SBA lending guidelines
- Communicate effectively with internal partners including Credit Administration, Loan Servicing, Compliance, and Senior Management
- Perform additional duties as required
Skills
- Bachelor's degree in Finance, Accounting, Business, Economics, or related field
- 0–5 years of experience in small business or commercial credit analysis, business banking, underwriting, or related financial services experience
- Strong analytical, organizational, and problem-solving skills
- Excellent written and verbal communication abilities
- Ability to manage multiple priorities in a fast-paced environment
- Proficiency in Microsoft Excel and other Microsoft Office applications
- Understanding of financial statement analysis and business cash flow concepts
- Experience with nCino or other business lending systems
- Familiarity with SBA lending programs
Benefits
- Healthcare
- Parental planning
- Mental health benefits
- Performance bonus opportunities
- A 401(k) plan and match
- Flexible time off
Company Overview