Vice President, Credit Manager

NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.

Small Business Lending, LLC. is looking to add a Vice President, Credit Manager, to its team!

The Vice President, Credit Manager is responsible for leading and managing a team of underwriting professionals to achieve performance metrics related to loan production, portfolio quality, and risk mitigation. This role ensures compliance with the standard operating procedures of the U.S. Small Business Administration (SBA), including 7A and 504 programs, as well as internal credit policies and regulatory guidelines.

The VP, Credit Manager conducts detailed underwriting and risk analysis of complex transactions and works closely with executive management to meet loan credit commitments while maintaining sound underwriting standards. The role interfaces regularly with the Credit Committee and Director of Credit Underwriting on client requests and approvals. The position also leverages in-house software, technology platforms, and reporting tools to support informed credit and risk management decisions.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

• Manage and supervise an SBA and/or Conventional Underwriting Team regarding all credit reviews, financial analyses, and recommendations to the Credit Committee.
• Lead underwriting activities for SBA 7A and 504 loans, ensuring adherence to SBA guidelines and internal credit policies.
• Hire, train, coach, mentor, and evaluate underwriters to enhance credit analysis capabilities, industry expertise, and product knowledge.
• Conduct comprehensive financial analysis to assess the creditworthiness of prospective and existing borrowers, including cash flow analysis, collateral evaluation, and risk assessment.
• Assist underwriters in preparing and presenting transactions to the Credit Committee during the review process.
• Present credit findings and recommendations directly to the Credit Committee and executive leadership.
• Prepare and submit detailed credit write-ups and risk assessments for Credit Committee approval.
• Ensure loans are structured and funded in full compliance with approved credit policies and regulatory requirements.
• Collaborate with executive management to meet production goals while maintaining strong portfolio quality standards.
• Improve, define, and implement credit and underwriting policies and procedures as necessary to enhance risk controls and operational efficiency.
• Participate in internal and external audits related to credit and collections policies and ensure timely remediation of findings.
• Utilize internal systems, reporting tools, and technology platforms to monitor performance metrics, risk trends, and compliance adherence.
• Ensure full compliance with all applicable external regulations and internal controls.
• Other Duties: Participate in mandatory Community Reinvestment Act (CRA) activities and initiatives, including community outreach, volunteer events, financial education programs, and related efforts, as

Requirements:

• Minimum of 5–7 years of managerial credit underwriting experience.
• Formal bank credit training strongly preferred.
• Demonstrated experience with C&I, CRE and other bank lending products is a must
• Strong knowledge of SBA lending guidelines, credit structuring, and risk management practices highly desirable.
• Advanced financial statement analysis and credit underwriting expertise.
• Demonstrated leadership ability with experience managing and developing high-performing underwriting teams.
• Strong analytical, organizational, and sound decision-making skills.
• Excellent verbal and written communication skills, including experience presenting to executive leadership and credit committees.
• Advanced proficiency in Microsoft Excel and other Microsoft Office applications.
• Ability to balance production objectives with prudent risk management and regulatory compliance.

EDUCATION & CERTIFICATION REQUIREMENTS:

• Bachelor's degree in Finance, Accounting, Business Administration, or related field.

Salary Range: $140,000 to $175,000 per year.

NewtekOne is an Equal Opportunity Employer; M/F/D/V. We require all of our employees to work in an ethical manner and uphold our Code of Business Conduct and Ethics at all times.