SBA Loan Assistant

Job Description

Job Description

Summary :

The SBA Loan Assistant is responsible for supporting the bank's SBA lending program

Responsibilities-

As an SBA Loan Assistant, you will :

• Works with SBA loan officers, underwriters, borrowers, title companies, insurance companies attorneys, the United States Small Business Administration (SBA) and other third parties to coordinate, package, document and fund SBA loans including SBA 7(a), Express and 504 Loan Programs.
• Has a general understanding of SBA eligibility requirements and loan documentation processes to remain in compliance with the SBA's Standard Operating Procedures.
• Understands and demonstrates a high level of written communication relating to loan file documentation, memorandums, and all forms of written communication.
• Reviews approved credit memos and loan files to prepare closing needs lists to satisfy all subject to requirements of the loan approval, ensures SBA eligibility is met, properly documents the loan, and ensures loans are closed / funded according to approval documentation
• Communicates with commercial title companies to clear exceptions and other collateral issues to ensure Bank has appropriate lien positions on all real estate collateral.
• Prepares and files all UCC searches and filings to ensure Bank has appropriate lien positions on all UCC collateral (i.

e. furniture, fixtures, equipment, inventory, receivables, etc.).

• Communicates with insurance companies to ensure loans have appropriate insurance coverage specific to the loan as well as ensuring that all SBA insurance requirements are met in relation to general liability insurance specific to each business industry.
• Prepares all SBA required loan documents and performs all SBA related loan packaging duties including preparing and obtaining SBA approvals on 7(a) and Express Loans through the SBA's ETran system.
• Processes and reviews IRS tax transcripts, ensures accurate records are maintained in loan files including lien perfections, ensures loan ticklers are property documented and maintained, and follows for all post-closing documentation when applicable.
• Stays current on SBA regulations affecting loan documentation and perfection of collateral including keeping up on all SBA Notices and changes to the various SBA programs outlined in the SBA's Standard Operating Procedures.
• Reviews lease agreements, subordinations and landlord consent for accuracy and ensure SBA requirements are met.
• Pull and order reports such as appraisal, environmental, UCC, flood, credit reports, etc. Other items assigned.

Specifications-

Ideal candidates will have experience with SBA Credits of all types, including business acquisitions, real estate construction and acquisition, equipment, working capital, and debt refinance transactions.

• 3+ years SBA banking experience, preferred.
• Bachelor's degree in finance, Accounting, Economics and / or equivalent experience preferred.
• Strong oral and written communication skills. Demonstrated effective customer service skills.
• Strong working knowledge of Microsoft Excel and Microsoft Word
• Positive attitude and ability to attempt to problem solve.

Ideal candidates for this position should possess some or all of the following skills :

Preferred Skills / Experience -

Willingness to learn and a fundamental curiosity about loan documentation and portfolio management.

Experience with bank loan and deposit systems preferred.

Demonstrated competency with Microsoft Office Suite.

• Detail oriented and analytical thinker.
• Strong organizational and problem-solving skills.
• Ability to multitask in a dynamic environment.
• Effective verbal and written communication skills
• Ability to work independently, as well as part of a cohesive team.

Benefits :

In addition to your competitive base salary, we also offer an incentive program, generous benefits package that includes health insurance, 401k with employer match, paid time off, life and long-term disability coverage and more.

We are an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law.

All employment is decided on the basis of qualifications, merit, and business need.

Job Posted by ApplicantPro