SomerCor Job Opportunity: SBA 504 Credit Analyst
Posted February 18, 2021

Background:

SomerCor 504 Inc., founded in 1992, is a Chicago headquartered, non-profit Certified Development Company (CDC) with the U.S. Small Business Administration (SBA). SomerCor’s mission is to help grow small businesses, increase jobs, and promote local economic development throughout Illinois – it originates and services SBA 504 and Community Advantage 7A loans. SomerCor, through the 504 Program, specializes in owner-occupied real estate and equipment financing for small business owners, offering up to 90% financing at competitive, fixed 25-year interest rates. SomerCor consistently ranks in the Top 25 CDCs nationwide in 504 loan volume.

Opportunity:

SomerCor is seeking a full-time, Illinois based SBA 504 Credit Analyst to join its Credit team. A full range of benefits including health, dental and vision insurance, 401(k) with company match and vacation/sick time are included. Office work flex-schedule is available to provide for remote work opportunities. SomerCor seeks candidates who want to join a team-oriented, mission-based organization that values diversity and inclusion with a purpose to support small businesses and local investment. Please see below for job requirements and duties.

Requirements:

  • Bachelor’s degree in finance or accounting
  • 1-4 years of experience in credit analysis and/or portfolio management
  • Commercial loan underwriting experience with a bank or other financial institution – SBA underwriting experience preferred
  • Ability to manage multiple projects while maintaining tight deadlines
  • Excellent communication, writing, problem solving, and decision-making skills
  • Strong computer skills with special emphasis in Word and Excel
  • Ability to thrive in a dynamic work environment focused on outstanding customer service, interoffice collaboration, operational efficiency, and SBA regulatory compliance

Job Duties:

  • Review and analyze small business loan application documents for compliance and SBA eligibility
  • Perform financial analysis of historic financial statements and tax returns to evaluate risk
  • Prepare credit memoranda for internal and SBA review
  • Stay current with SBA 504 SOP underwriting and eligibility guidelines, processes and procedures
  • Perform other related duties and special projects as assigned by management

Submit your resume directly to Mickey Maslic or via SomerCor’s LinkedIn job posting.

SomerCor is an equal opportunity employer.