About Us:

Hanover Bank, The Bank of YOU – When you love your work and the people you work with, careers are made!

Embracing diversity, valuing inclusion and showing respect are the foundation upon which we build our team. At Hanover Bank, inclusion means respecting personal beliefs and appreciating that we all have perspectives that matter. We are stronger together as we move toward a shared vision of personal and corporate growth.

Whether you are just starting out or a seasoned professional, working for Hanover Bank can launch you on a path to success. With a passion for excellence, we strive to deliver exceptional service to our clients, foster a positive impact in the communities in which we work and live and help our team members achieve their professional goals. 

When you work with us you are empowered, engaged and encouraged to collaborate because every voice matters, every person counts!

Job Summary

Hanover Bank is looking for a full time Credit Officer - SBA. The Credit Officer - SBA is responsible for underwriting SBA and USDA loans, inclusive of C&I and real estate loans while ensuring compliance with the USDA and SBA SOP and appropriate company credit policies and procedures. This person will analyze the character, collateral, cash flow, capital, and conditions of every assigned credit request and make an informed and objective credit decision.

Essential Job Duties and Responsibilities

• Examine overall loan documentation to ensure accuracy and completeness and prepare “needs Lists” for any outstanding items.
• Review loan-to-value ratios, site inspections, credit reports, business plans, term sheets, narratives, business valuations, appraisal reports, and environmental reports. 
• Analyze all cash flow information and collateral and perform required underwriting stress tests on proposed USDA and SBA originations. 
• Discuss any potential underwriting exceptions and review with the SBA Underwriting Director and/or the Chief Credit Officer (CCO).
• Prepare written credit memos for new loans to be submitted for signature approval or to the Loan Committee for approval. 
• Assist in ensuring loan processing staff procure appropriate information necessary to finalize incomplete loan packages. 
• Stay abreast of any changes to USDA, SBA, and/or Bank loan underwriting policy and procedural changes.
• Effectively communicate with clients on underwriting issues or the need for additional data including reaching out to the Bank's broker network directly to secure additional credit information to process the new credit transaction. 
• Ensure compliance with all regulations, policies, and procedures. 
• Prepare addendums to credit memos as required to make any necessary adjustments post-approval.
• Discuss all proposed loans with the Business Development Officer.
• Prepare discussion items for calls with borrowers. Borrower calls are required on every transaction. 
• Assess the risk of each transaction.
• Make recommendations to the SBA Underwriting Director on whether to approve or deny each loan application.
• Structure and negotiate loan terms in conjunction with the Business Development Officer.
• Perform additional tasks as requested.

Education and Experience

• Bachelor's degree in finance, accounting, or a related field is preferred, but not required.
• 3-5 years of experience in commercial lending or underwriting preferably SBA and USDA.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.

Skills and Abilities

• SBA and USDA experience is a plus.
• Financial analysis skills: Analyze financial statements, tax returns, and other financial documents to assess the borrower's financial health and ability to repay the loan.
• Credit analysis skills: Analyze the borrower's credit history to assess their creditworthiness.
• Risk assessment skills: Assess the risk of each loan application and make recommendations to management on whether to approve or deny the loan.
• Industry knowledge: A good understanding of the industries in which their borrowers operate. This knowledge will help them assess the risks and opportunities associated with each loan.
• Communication skills: Communicate effectively with borrowers, lenders, and other stakeholders. Must be able to explain complex financial concepts in a clear and concise manner.
• Problem-solving skills: Identify and solve problems that arise during the underwriting process.
• Attention to detail: Carefully review and analyze all documentation associated with a loan application. Must be able to identify any potential red flags or discrepancies.
• Ability to work under pressure: Working under tight deadlines. Must be able to manage their time effectively and prioritize their work.
• Proficiency with technology, computer savvy.

Our Benefits:

• Medical, Dental and Vision (including HSA, FSA & Commuter Benefits)
• Company-paid benefits to include life insurance and AD&D plus long-term disability
• Voluntary Benefits (including additional life insurance and AD&D insurance for yourself, your spouse and/or your dependent children, Voluntary Short-Term Disability, Pet Insurance and Legal Services)
• Supplemental Health Benefits (including Accident insurance, Hospital indemnity insurance and Cancer Care)
• Retirement-401(k) with Company Match
• Paid Personal Time Off (PTO) & Paid Company Holidays
• Annual Bonuses
• Annual Increases
• Employee Events and Contests

Salary: $94,000.00 - $125,000.00;  placement within this range will vary based on experience and skill level. 

Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.