Underwriting Director

Who we are: Carolina Small Business Development Fund (CSBDF) is a nonprofit and certified community development financial institution (CDFI). We are passionate and committed to providing support to small businesses across the state. Our Mission is to foster economic development in underserved communities by providing capital, business services, and policy research to support small businesses. CSBDF provides assistance to small business in four major ways: as a partner, as a trusted guide, as an advocate for small businesses, and as an accessible funding source. Our work supports our vision to create economic opportunity for all people.

Nature of Work: The Underwriting Director manages underwriting staff, key credit department functions including loan underwriting, analysis, and approvals; and loan servicing and processing. The Director underwrites loan applications and manages the overall credit operations in accordance with Carolina Small Business Development Fund (CSBDF) policies and procedures to ensure and maintain good quality credit.  The position is responsible for managing the underwriting of eligible loans under the various loan guaranty programs including the SBA Community Advantage Pilot Program, Charlotte Community Capital Program, USDA Business and Industry Program, and US DOT Short Term Lending Program. The position is housed within the Credit Department but supports the work of both the Credit and Business Solutions Teams within the organization.

Supervision Received/Exercised: Works under the general supervision of the VP, Chief Credit Officer and is the direct supervisor of the credit underwriting team.

Essential Job Functions: The following duties ARE NOT intended to serve as a comprehensive list of all duties performed by all employees in this classification.  Shown are duties intended to provide a representative summary of the major duties and responsibilities. Incumbent(s) may not be required to perform all duties listed and may be required to perform additional, position-specific duties.

Credit Functional Area:

• Summarizes and reports Guarantee Program activity monthly and/or quarterly and small business lending weekly.
• Ensures loan file integrity and soundness by developing, implementing, and assessing best practices to achieve loan portfolio performance goals.
• Assesses risk, structure, and prepares loan modifications for troubled loans.
• Ensures loan information is correct and aligns with data maintained in loan operating system.
• Supports Chief Credit Officer in collection efforts, bankruptcy tracking and managing delinquencies.
• Implements and monitors process for timely collection of borrower financial statements, annual site visits, tracking UCC expirations, and tracking loan maturities and renewals.
• Represents the Carolina Small Business Development Fund at various forums and community events, as needed.
• Manages the application intake process to ensure application receipt, review, assignment and underwriting are performed within desired timeframe.
• Performs credit analysis and review to decision all small business loan requests.
• Prepares loan packages as necessary for review and approval by CSBDF’s Small Business Loan Committee, the Small Business Administration (SBA), and other guarantee programs where an external review and authorization is required.
• Administers loan enrollment for funding requirements, guarantees and other specialized programs.
• Ensures that lending functions are implemented consistent with established policies and procedures.
• Manages loan closing process by coordinating or performing all stages including the commitment issuance, pre-closing documentation, loan document preparation, review, dissemination and execution.
• Perform other duties as assigned.

Business Solutions Team Functional Area:

• Reviews and analyzes the loan packages submitted by Business Solutions Officers for approval; including underwriting memos, financial analysis, and supporting documentation.
• Provides underwriting, pricing, and structuring guidance to Business Solutions Officers.
• Offers limited loan counseling assistance to borrowers as required and makes referrals to technical assistance providers for borrowers requiring intensive technical assistance.
• Reviewing and verifying mathematical calculations, and identifying and reconciling errors. Accurately evaluating many financial variables and reaching appropriate conclusions.