Small Business Underwriting Underwriter

Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits .

Incumbent should reside within the Arvest 4 State Footprint (AR, KS, MO, OK). Position requires availability Monday through Friday 8 am to 5 pm with additional hours as needed.

Preferred Qualifications:

• 2 Years of Business/Commercial credit analysis and/or underwriting experience
• Small Business lending loan experience
  
  
  

The story of Arvest is one of commitment started by our founders in 1961, with an intense dedication to focusing on our customers. We will always be active and involved members of the communities we serve, and we will always work to put the needs of our customers and associates first as we continue to fulfill our mission – People helping people find financial solutions for life.

Job Title: SBU Underwriter

The SBU (Small Business Underwriting) Underwriter evaluates, underwrites, and approves small business loan requests that fall under the defined description of small business lending. They review business and personal financial statements along with tax returns of potential borrowers and their guarantors to determine creditworthiness and approve or decline transactions based on current policies and guidelines. The SBU Underwriter serves as a resource to the frontline lending staff and other shared services divisions related to underwriting analysis and escalates policy exception requests to management for review. They work to meet team Service Level Agreements (SLAs) and maintain a working knowledge of departmental procedures, forms, and Arvest Loan Policy.

What You’ll Do at Arvest: (Other duties may be assigned.)

• Review and evaluate small business loan transaction requests in accordance with federal and state laws and regulations. Understand all Small Business Administration (SBA) products and guidelines.
• Analyze a variety of business and financial statements, including income statements and balance sheets, to determine loan structure, collateral, cash flow, and business and personal global debt serviceability. Utilize credit scoring software and personal and business credit reports to support the underwriting and approval process. Provide decision requests within established SLAs.
• Play a key role in special projects and initiatives as requested.
• Identify additional information requirements needed to properly assess risks and consider alternative credit structures for small business loan requests based on financial strength and loan purpose.
• Review income and employment verification, including complex federal tax returns and trust agreements. Calculate common underwriting ratios, including loan-to-value (LTV), debt-to-income (DTI) and payment-to-income (PTI), in accordance with current policy and procedures.
• Review declined loan requests and/or exceptions to policy and escalate required declinations to the SBU Underwriting Supervisor.
• Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
  
  
  

Toolbox for Success:

• Associate’s degree or equivalent relevant experience.
• 3 years of experience in lending, accounting, or underwriting functions.
• Working knowledge of accounting terminology and principles.
• Working knowledge of Microsoft Office, Google Workspace or equivalent.
• Relevant military experience is considered for veterans and transitioning service members.
  
  
  

Preferred:

• Small Business lending loan experience.
  
  
  

Physical Demands:

Regular attendance is an essential function of the job. The associate must be able to travel occasionally by themselves within the US, possibly overnight. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

We offer competitive compensation, benefits packages, and significant professional growth.

Arvest Bank is committed to providing equal opportunity to all persons regardless of race, color, race-based hairstyles and textures, religion, marital status, sex, sexual orientation, gender identity, pregnancy, age, national origin, disability, veteran status, or any other basis, which now or in the future may be specified by law.

Along with an excellent benefits package, our associates are engaged, rewarded for performance, and encouraged to grow professionally and personally. Our future is driven by our associates. If you want to be recognized for your results and empowered to reach your potential, we urge you to apply.

Grade 14

Pay Range: $50000 - $65000 per year