Credit Analyst

About Happen Bank

Happen Bank (formerly LendingClub) is dedicated to facilitating financial progress for individuals by providing focused products, an intuitive mobile-first platform, and transparent terms without surprises. The company values respect and fairness, which influence its workplace culture, interactions, and community involvement. Using data and innovation, Happen Bank supports millions of Americans in achieving their financial objectives.

Role Overview

The Credit Analyst position supports the Small Business Lending team by underwriting SBA and USDA loan applications that promote small business growth while ensuring strong credit standards and compliance with regulations. This role involves collaboration with Business Development Officers, Senior Credit Officers, Loan Closing teams, and clients throughout the lending process. The analyst evaluates complex credit proposals, structures financing arrangements, and delivers timely lending decisions balancing client needs and risk management.

Key Responsibilities

• Underwrite SBA 7(a), 504, USDA, and conventional commercial loans in accordance with Bank Credit Policies, SBA Standard Operating Procedures, and relevant program criteria.
• Work closely with Business Development Officers and clients to collect necessary documents, assess lending opportunities, and prepare loan requests for efficient underwriting and approval.
• Assess financial statements, cash flows, collateral, and third-party reports to determine creditworthiness, SBA eligibility, and overall lending risk.
• Collaborate with Senior Credit Officers to draft credit approvals, post-approval memorandums, and handle re-approval requests supporting complex underwriting decisions.
• Coordinate with Loan Closing teams to ensure smooth funding of loans, fulfilling all credit approval conditions, third-party report requirements, and closing procedures.
• Develop strong cross-functional relationships within Lending, Credit, Loan Closing, and external partners to ensure a consistent and high-quality client experience.
• Identify and implement process improvements in underwriting workflows, leveraging AI to accelerate analysis, streamline operations, and enhance decision accuracy while maintaining judgement and regulatory compliance.

Candidate Profile

• 3 to 5 years of experience underwriting SBA and USDA loans, with a bachelor's degree or equivalent education and work experience.
• Familiar with SBA Standard Operating Procedures and SBA lending programs.
• Experienced in analyzing business financials, cash flow, collateral, and credit structures for informed lending decisions.
• Skilled at reviewing third-party appraisals, environmental assessments, and business valuations.
• Strong verbal and written communication skills to foster trust with internal teams, clients, and external partners.
• Analytical thinker with sound judgement balancing client needs, credit quality, and regulatory standards.
• Proficient in Microsoft Word, Excel, cash flow analysis software, and other credit underwriting tools.
• Proactive in identifying workflow improvements and taking ownership of delivering timely and accurate credit decisions.
• Open to incorporating AI technologies to improve workflow efficiency and analysis while recognizing the importance of accuracy and confidentiality.

Additional Information

Work Location: Remote, with expected in-person collaboration on Tuesdays, Wednesdays, and Thursdays in eligible offices. Relocation assistance available based on job level.

Time Zone: Work according to local time zones (PT, MT, CT, ET) with flexibility required across time zones where necessary.

Travel: Occasional travel to Happen Bank offices or other locations as needed.

Compensation: Target base salary range between 101000 and 120000 USD annually, determined by knowledge, experience, education, skills, and location. Total rewards include potential long-term equity awards and annual bonuses based on performance.

Benefits: Comprehensive package including medical, dental, and vision coverage for employees and families, 401(k) matching, wellness programs, flexible paid time off, and up to 16 weeks of paid parental leave.

Diversity & Inclusion: Happen Bank is an equal opportunity employer committed to diversity and non-discrimination on multiple legally protected grounds.

Accessibility: Reasonable accommodations are provided for qualified individuals with disabilities during the application process.

AI Use in Hiring: Select interviews may be recorded and analyzed with AI tools for evaluation purposes. Candidates may opt out without penalty. Personal information collected during interview recordings will be handled with confidentiality and deleted within 30 days post hiring decision.