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Small Business Underwriter-Maryland (Columbia)

About Us:

Are you someone who seeks opportunity and has a true desire to grow your career with an organization that has enriched the lives of its clients and communities in the Greater Washington region for more than 150 years? If so, Sandy Spring Bank may be the perfect fit for you!

Sandy Spring Bank is a growing financial services company focused on creating real experiences for our employees, clients, shareholders and communities. We are proud to have been recognized by TheWashington Post and the Baltimore Sun as a Top Workplace, by Forbes magazine as the #1 Bank in Maryland, as well as by American Banker as a Best Bank to Work For. It is our employees who play an integral role in shaping who we are as a company and upholding what matters most to us: people and relationships.

To help us attract the highest quality individuals, we offer a comprehensive benefits package to those who qualify. We offer competitive market salaries, paid time off, multiple retirement savings options, full health care options, life insurance, health care and dependent care flexible spending accounts, career development opportunities, tuition assistance and volunteer opportunities. We are proud to offer those, and so much more, making Sandy Spring Bank a remarkable place to work and build a career.

About The Job

Location:  Maryland (Columbia)

Sandy Spring Bank is currently recruiting for a Small Business Underwriter in the Personal/Business Banking Department.  If you are the chosen candidate, you will be responsible for underwriting, decisioning, structuring and administering small business loans, both secured, unsecured and SBA guaranteed.  Duties include complete and accurate input of financial information into the Sales Force Loan Origination platform including spreading business and personal financial information/tax returns.   Ensure that each loan complies with established Sandy Spring Bank Credit Policy, Loan Center Underwriting Procedures Guidelines and Business Banking Product Guide.  Decision or direct suspended ACH files as needed.  Underwrite and decision new, renewing and increasing ACH exposure according to the established ACH Credit Policy and Guidelines.  Provide support to Business Banking, Branch Managers, Relationship Managers, Portfolio Managers and Portfolio Administrators as it relates to small business loans.

Areas of Focus:

  •  Underwriting:  Demonstrates sound underwriting knowledge and skills with new requests, renewals and modifications of existing loans.  Performs analysis of borrower and guarantor and determines strengths and weaknesses with appropriate mitigants.   Ensures all information within the Sales Force Loan Origination Platform is accurate and spreads financial information based upon standard credit underwriting methodology.  Reviews all output and determines if the credit request is within Small Business Lending parameters and the Bank’s Credit Policy for approval.  Establishes loan terms and structure based upon the loan purpose, sources of repayment, collateral value, etc.  Processes declines in adherence with all federal regulations and bank policy.  Demonstrates a complete understanding and in depth knowledge of SSB Credit Policy and credit underwriting.  Demonstrates complete understanding and knowledge of Regulatory requirements as it relates to lending.  Demonstrates a complete understanding of the ACH Credit Policy and Guidelines.  Underwrites and decisions ACH exposure requests with the established guidelines, policies & procedures. 
  •  Portfolio Administration:  Demonstrates a complete understanding of loan risk rating system and properly grades loans.  Completes periodic loan renewals and reviews and recommends potential watch list loans and transfers to Special Assets.  Escalates problem credits as needed.  Assists the Asset & Quality group with problem loans in developing an action plan for loan workouts including restructuring.
  •  Maintenance and Servicing:  Responds to client questions and requests promptly.  Works in cooperation with Small Business Portfolio Managers, SBA Group, Loan Support, Loan Servicing, Relationship Managers, Portfolio Managers and Community Banking to resolve questions, complaints, and or errors.  Resolves problems on accounts to the satisfaction of the client and benefit to the bank.  Responds to & decisions suspended ACH files via the ACH Requests proxy box as needed.

Required Skills:

  •  Work requires a broad level of professional experience in commercial or small business lending to include thorough knowledge of small business underwriting guidelines and related regulations.
  • Position requires minimum of 5 years direct work experience as an underwriter or credit analyst in small business or commercial underwriting.  Successful completion of a formalized credit training program is  preferred.
  • Underwriting of larger and more complex credits dependent upon experience and demonstrated knowledge.
  • Must be able to work on several loan applications simultaneously while meeting established deadlines as required.
  • Sound knowledge of legal structures that pertain to the commercial lending industry, UCC requirements and compliance.
  • Ability to utilize standard PC based software to prepare correspondence, reports and other documents as needed.
  • Strong communication skills are needed to effectively work with internal/external clients to explain products and interpret policy. 
  • Strong well developed interpersonal skills in order to facilitate cooperation among staff and those departments with which this department has direct, frequent interaction.
  • Advanced problem solving skills are needed to find solutions to problems that are technically complex and require collection, interpretation, and analysis of data from diverse sources is required.
  • Work is under minimal supervision, where the work requires independent judgment in the interpretation of existing policies and procedures and the selection of alternative work routines.

Sandy Spring Bank requires COVID-19 vaccination(s) as a condition of employment for all employees.  Submission of Covid-19 Vaccination Card is required if hired.  Accommodations may be available for those who are unable to be vaccinated for medical or religious reasons.

Sandy Spring Bank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.  We maintain a drug-free workplace environment and perform pre-employment substance abuse testing.

If you require a reasonable accommodation to apply for a position, please call our job line at 1-800-399-5919 and select option 5.  Requests are considered on a case-by-case basis.