What are the responsibilities and job description for the SBA Portfolio Administrator position at Port 51 Lending?
Location: Remote
Department: Servicing & Operations
Reports To: Portfolio Manager
About Us
Port 51 Lending (“Port 51”) is a nationwide non-bank lender in the SBA market, majority owned by MassMutual Insurance Company. We are seeking exceptional candidates to join our growing team! Take your talents and SBA knowledge to the next level by working with a team of experts that proactively and constructively communicate and support each other, their partners, customers and communities. This job is a fully remote position.
Role Overview
We are seeking an experienced SBA Portfolio Administrator with exceptional credit underwriting capabilities to oversee, monitor, and maintain a diverse portfolio of SBA 7(a) loans. In this role, you will be responsible for the ongoing financial analysis, risk assessment, and servicing of existing SBA loans while ensuring strict adherence to the SBA Standard Operating Procedures (SOPs) and internal credit policies. The ideal candidate is a proactive risk manager who possesses a deep understanding of commercial credit and cash flow analysis.
Key Responsibilities
Credit Underwriting & Analysis
- Conduct comprehensive financial analysis on existing borrowers and guarantors, including spreading and analyzing tax returns, financial statements, and personal financial statements (PFS).
- Perform global cash flow analysis, debt service coverage ratio (DSCR) calculations, and collateral valuations.
- Prepare detailed credit memorandums for annual reviews, renewals, modifications, and short-term extensions, presenting clear recommendations to the credit committee.
- Proactively identify credit weaknesses or deteriorating financial trends and recommend appropriate risk rating downgrades or action plans.
Portfolio Management & Servicing
- Manage a designated portfolio of SBA loans, acting as the primary point of contact for borrowers regarding financial reporting and servicing requests.
- Monitor and enforce loan covenants, ensuring timely collection of required financial reporting and borrowing base certificates.
- Process and underwrite routine and complex SBA servicing requests (e.g., changes in ownership, collateral releases, subordinations, assumptions) in accordance with SBA SOP 50 57.
- Coordinate annual site visits and equipment or real estate appraisals as needed.
SBA Compliance & Administration
- Ensure all portfolio management activities strictly adhere to current SBA SOPs and federal regulations to protect the SBA guaranty.
- Maintain accurate and up-to-date loan files, ensuring all necessary documentation is securely stored and easily accessible for internal and external audits.
- Assist in the preparation of reports for senior management regarding portfolio performance, past dues, exceptions, and risk rating distributions.
Qualifications & Requirements
- Education: Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
- Experience: Minimum of 3–5 years of experience in commercial credit underwriting and portfolio management, with a specific focus on SBA 7(a) lending.
- Technical Skills: Expertise in analyzing complex corporate and personal tax returns and financial statements.
- Regulatory Knowledge: Deep understanding of SBA SOP 50 10 (Origination) and SOP 50 57 (Servicing).
- Soft Skills: Excellent written and verbal communication skills, with the ability to articulate complex credit risks clearly and concisely. Strong organizational skills and the ability to manage multiple deadlines in a fast-paced environment.
Salary/Benefits
We offer a competitive package of compensation and benefits, including:
- Base Salary plus Bonus Plan
- Medical, Dental and Vision Insurance
- Life Insurance
- Flexible Spending Accounts
- Paid Vacation, Personal Time Off and Holidays
- 401(k)