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Grasshopper Bank

SBA Senior Credit Officer

Posted 2 Days Ago
Be an Early Applicant
Remote
Hiring Remotely in USA
Senior level
Remote
Hiring Remotely in USA
Senior level
Manages SBA credit underwriting, risk decisioning, portfolio oversight, and regulatory compliance. Oversees credit analysis, loan approvals, risk rating processes, SBA SOP adherence, vendor relationships, and agency audits. Advises senior bank leadership on credit risks, updates internal SBA guidelines, supports underwriting and servicing teams, and serves as liaison with regulators and auditors. The role requires extensive SBA and commercial credit experience, financial analysis expertise, and strong leadership capabilities.
The summary above was generated by AI
Grasshopper Bank is a client-first, digital bank built for the business and innovation economy, with an obsession for providing leading-edge technology, solutions-driven products and superior service through a combination of passionate people and digital resources.

We are a highly experienced team who pride ourselves on diversity of thought and perspective.  Nationally chartered, our portfolio of products and services range from VC, PE & Portfolio Companies to SBA Lending, as well as direct SMB and Embedded Banking.

Our entrepreneurial drive allows us to support the growth and success of a wide range of clients at every stage of their business through inclusive partnership.  We seek out team members who will enable both our organization and our people to grow and thrive through collaboration and acting with integrity and respect.

Our focus on cross-functional teamwork provides a culture where ideas are valued, accountability is encouraged, and successes are celebrated. We welcome all those searching for the opportunity to contribute to banking innovation that influences and supports the emerging digital world of Financial Services.

Our digital first approach enables our teams the flexibility to work remotely. We have offices in NYC and Boston.

What you'll do:
The SBA Senior Credit Officer (SCO) will be responsible for SBA credit underwriting management, risk decisioning and oversight in accordance with the SBA SOP and Grasshopper Bank’s credit risk guidelines. This position will meet routinely with the Head of Commercial Underwriting, Head of SBA Lending and other bank executives as required to perform this SBA risk oversight and advise on SBA SOP eligibility and credit risk management. Grasshopper Bank’s SBA Department will be responsible for all Government Guaranteed loans, ensuring due diligence of each loan has been met in accordance with the SBA SOP and complies with the bank’s internal credit and diligence standards. 

The SBA SCO is responsible for SBA loan approvals, credit underwriting oversight, and will help with all required internal and regulatory agency audits to ensure credit quality of the SBA portfolio and audit compliance.

Responsibilities include:
  • Manage the SBA department’s overall credit underwriting to ensure strong credit quality in accordance with the bank’s credit standards and SBA SOP eligibility requirements. 
  • Oversee the full range of managerial duties for credit review compliance and credit analysis functions, including adherence to policies and practices of the organization as well as the SBA and applicable regulatory agencies. 
  • Ensure disciplined credit underwriting practices to maintain strong credit quality and portfolio integrity. 
  • Establish and revise internal SBA credit guidelines as required per all SOP updates. 
  • Ensure that bank and SBA policies, practices, regulations, and documentation requirements are followed.
  • Proactively monitor and manage credit to identify any deterioration in credit quality to minimize loss exposure of the portfolio.  
  • Develop and maintain SBA loan risk rating processes to ensure that all loans are properly risk rated at loan origination. 
  • Inform the Bank CEO, Chief Credit Officer, Chief Risk Officer and Head of SBA in a timely manner of any existing and potential risk issues.
  • Oversee the onboarding, management, and use of outside professional vendors as related to all aspects of SBA underwritingand risk management.
  • Provide SBA SOP credit guidance and support to all underwriting, closing and servicing staff.
  • Manage all SBA agency and regulatory audit reviews to ensure satisfactory ratings or better, taking corrective actions as necessary. 
  • Serve as liaison between the bank and all regulatory authorities in connection with all SBA audits and examinations. Research and respond to inquiries of state and federal examiners as well as internal and external auditors.

What you need:
  • Bachelor’s degree (B.A.) from four year college or university; or a minimum of five years of bank credit department experience; or equivalent combination of education and experience. Prior SBA senior credit experience is required.
  • 5-7 years of direct SBA credit underwriting and credit management, or equivalent experience.
  • Direct commercial credit decisioning experience, SBA preferred. 
  • Strong proficiency in SBA SOP eligibility and regulatory requirements. 
  • National lending and business acquisition credit experience preferred.
  • Strong proficiency in financial analysis and cash flow modeling.
  • Strong leadership skills and capability to mentor and motivate in a team environment. 
  • Experience with complex commercial credit analysis, loan structure, and financial statement analysis.
  • Follows policies and procedures; supports organization's goals and core values; benefits organization through outside activities; supports affirmative action and respects diversity.

About
Grasshopper is a client-first digital bank serving small businesses, startups, and investors supporting them across the innovation economy. Our digital solutions cover small business, venture-backed companies, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, commercial real estate lending, and yacht financing. Privately owned and headquartered in New York City, the bank is a Federal Deposit Insurance Corporation member and is an Equal Housing/Equal Opportunity Lender.We're always looking for talented, driven, visionary people to join our team. If you don't see the job that fits your skillset, please send your resume to [email protected].

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