Purpose :
- The Director of SBA Lending is responsible for managing SBA lenders, originating, screening against credit risk appetite requirements, and managing loans for small businesses.
- The Director of SBA Lending builds relationships with prospective borrowers, understands their financial needs, and guides them through the loan application process, specifically focusing on SBA loan programs.
- The role also includes working closely with retail partners on SBA and small business opportunities.
- The role requires extensive experience and in-depth understanding of the SBA Standard Operating Procedures (SOP) and compliance guidelines and requires a lending and credit background including loan portfolio management, commercial lending, SBA secondary market loan sales and SBA loan servicing.
Salary commensurate with experience $185K-$200K Essential Job Functions :
Loan Origination : Identify and cultivate relationships with small business owners seeking financing.Actively market SBA loan products and services to potential customers.
Underwriting :Analyze financial statements, credit reports, and business plans to evaluate loan applications.Assess risk and ensure compliance with SBA lending requirements.
Customer Guidance :Provide expert consultation to borrowers throughout the loan application process.Assist clients in gathering necessary documentation and understanding loan terms.Travel to business owner properties / locations for meetings and perform walk through inspections of their businesses and commercial buildings.
Portfolio Management :Acquire new and maintain relationships with existing borrowers.Provide support and guidance during the life of the loan to ensure repayment and client satisfaction.
Collaboration :Work closely with internal teams and retail, including credit and compliance, to ensure timely processing of loan applications.Partner with CRA to support business initiatives.Collaborate with external partners, such as local business development organizations.
Market Analysis :Stay informed about market trends, economic conditions, and regulatory changes affecting small businesses and financing options.Reporting : Prepare regular reports on SBA lending activities, portfolio performance, and market trends.Maintain accurate records and documentation in accordance with company policies.
Policies and Controls :Create, implement and recommend approval of lending and operating policies, processes, controls for SBA loan origination and portfolio management.Adhere to internal and external audit and regulatory requirements.Keep abreast of regulations and legislation, to sustain compliance with all SBA loans.Required Education, Knowledge, Skills and Abilities :
10+ years of SBA lending experience is required to be considered for this positionBA or BS Degree in Business, Finance, Accounting or related field is requiredAbility to read, analyze, and interpret financial statements and legal documentsStrong financial analytical and underwriting skillsExcellent interpersonal and communication skillsAbility to lead the SBA function to meet production standards and portfolio managementStrong decision-making skillsProficient in Microsoft Word and Excel Powered by JazzHR