GGL Credit Manager

Current Employees of LendingClub: Please apply via your internal Workday Account

LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. We are the leading digital marketplace bank in the U.S., having helped our nearly 5 million members secure over $90 billion in loans to refinance high-cost debt and achieve their financial goals. Members today have mobile-first access to a growing range of products and services designed to work seamlessly together to deliver value in new ways. Everyone deserves a better financial future, and our team is committed to making that a reality. Join the Club!

About the Role

LendingClub is looking for a GGL Credit Manager to join our Lending Team. The ideal candidate will have experience in underwriting SBA 7(a), 504 and USDA loans. This role is responsible for reviewing and underwriting new credit requests, ensuring SBA eligibility, and adhering to Bank Credit Policy and SBA SOP.

What You'll Do

• Underwrite new credit requests within the GGL Division, including detailed cash flow analysis, collateral analysis, highlighting key risks and mitigates for new money requests
• Prepare Credit Approval Memorandum, CAM, with recommendation for approval or denial presented to appropriate approving authority
• Communicate directly with clients to identify the proper SBA loan structure, and interview clients to assess their financial acumen and repayment ability
• Work closely with senior leadership on structuring loans and providing guidance to Business Development Officers (BDO) on properly structuring loans to meet SBA eligibility requirements and are within the guidelines of Bank Credit Policy and SBA SOP
• Work closely with Loan Closing Officers to help insure loan closings are funded in a timely fashion and in accordance with Bank Credit Policy and SBA SOP
• Engaging and reviewing third party reports including appraisals, environmental reports, and business valuations
• Work closely with other members on the team, acting as a team lead and mentor and training junior credit underwriters

About You

• 6+ years of experience in SBA & USDA credit underwriting
• Expert knowledge of SBA SOP
• Expert knowledge of financial analysis, with the ability to assess business financial statements and restructure SBA loans accordingly
• Bachelor's in Business, Finance, Accounting, Economics, or related field; or equivalent work experience
• Excellent communication skills, both written and verbal
• Proficient in Microsoft Excel and Microsoft Word
• Superior problem solving/negotiation skills and a broad understanding of all aspects of credit underwriting with the ability to balance client accommodation and the best interests of the lender and SBA
• Strong interpersonal skills required for cross-departmental communications, direct report development, and relationship development
• Audit skills with strong attention to detail

Work Location
Remote
 
Time Zone Requirements 
Local hours (PT, MT, CT, ET)
Travel Requirements  
If you need to travel for work, LendingClub will cover your travel related expenses.
 

Compensation
The target base salary range for this position is 93,000-131,000. The position is also eligible to receive a bonus (which is based on company performance, employee performance and eligible earnings), equity, and benefits. Our salary ranges, other compensation and benefits offered are determined by role, experience level and location.

We’re creating new financial services solutions for our members based on fairness, simplicity, and heart, and we treat our employees the same way. We offer a competitive benefits package that includes medical, dental and vision plans for employees and their families, 401(k) match, health and wellness programs, flexible time off policies for salaried employees, up to 16 weeks paid parental leave and more.

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LendingClub is an equal opportunity employer and dedicated to diversity, equity, and inclusion in the workplace. We do not discriminate on the basis of race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), gender, gender identity, gender expression, sexual orientation, age, marital status, veteran status, disability status, political views or activity, or other applicable legally protected characteristics. We believe that a variety of perspectives will make our teams and business stronger as we work together to transform the traditional banking system. 

We are committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you need assistance or an accommodation due to a disability, please contact us at [email protected].