SBA Sr. Closing Officer

POSITION SUMMARY:   

The SBA Sr. Closing Officer is responsible for overseeing all aspects of SBA loan closing process and ensuring compliance with SBA regulations, credit and internal policy. This role requires deep technical knowledge from packaging to closing phases with attention to detail.    

ESSENTIAL FUNCTIONS:

Loan Closing & Servicing (35%)

• Monitor and review loan packaging and closing documentation to support SBA lending and ensure all SBA requirements are met 
• Compile timely and accurate issuance of SBA loan approval (E-tran) and servicing requests 
• Conduct the review and verification of completeness and accuracy of SBA documents

• Control risk and identify issues on SBA loan applications and credit processing to ensure accurate loan applications

Loan Portfolio Monitoring (35%)

• Prepare and track disbursements, loan documents, and reports, obtain required credit and/or financial information
• Prepare and update the organized documental catalogs for maintaining accurate and efficient documental management
• To manage and follow-up on post funding conditions and loan servicing requests 
• Establish operational processes that conform with SBA SOP guidelines & maintain an up-to-date knowledge of SBA products, rules, and regulations

Compliance & Control (30%)

• Perform the standardized workflow and procedures SBA documentation to support SBA lending, portfolio management, and overall operational efficiency

• To certify SBA GL accounts and coordinate loan sales to secondary market 

• To create and monitor SBA closing practices to ensure quality control and compliance
• Ensure that current product and program are implemented within SBA closing operation  

OTHER RESPONSIBILITIES: 

• Successfully complete all mandatory training on related Bank’s and BSA compliance as well as other laws and regulations as assigned and in a timely manner

Education, Experience and Skills Required:

• Bachelor’s degree in Finance, Economics, Business, or equivalent experience is required.
• 10 years of experience in dealing with SBA loans is preferred.
• Demonstrated strategic planning/ product and program management skills, strong analytical skills with breadth of view project management skills and abilities.
• Ability to analyze and administer SBA loan closing portfolios.
• Strong customer service and communication skills.
• Working knowledge of commercial and industrial lending guidelines and productions, all applicable State and Federal regulations. 
• Ability to analyze and consolidate data to develop SBA loan portfolio processes, procedures, and to implement practices.
• Ability to apply computer software programs in evaluating financial information and maintaining loan information.

PHYSICAL DEMANDS: 

• Minimum mobility to work in an office setting; sit for prolonged period of times; operate office equipment including use of a computer keyboard; and reach with hands and arms. Employees are occasionally required to walk and stand and lift and move records and documents weighing 30 pounds or less. 

COMMUNICATION DEMANDS:

• Attention to detail, strong organizational, communication, interpersonal, self-motivated, and analytical skills, ability to interact with all levels of management and staff.

WORK ENVIRONMENT:

• Standard office environment. Noise level in work environment is usually average. Hear in the normal audio range with or without correction. Specific vision abilities required by this job include close vision and the ability to adjust focus. 

Compensation

The base pay range for this position is USD $100,000.00/Yr. - USD $120,000.00/Yr plus full benefits. Exact offer will be determined based on job-related knowledge, skills, experience, and location.