SBA Business Development Officer

Job Summary Overview

The position is responsible for soliciting and serving a variety of SBA 7(a), SBA 504, and commercial loans. Loan types will include large and complex real estate loans for owner occupied properties, construction loans, loans for business acquisition, and lines of credit. The position will be responsible for evaluating loan applicants for credit worthiness and will work with the lending team to process originations and manages the existing portfolio.

Essential Job Functions

• Solicits and services a variety of SBA and commercial loans.
• Recommends credits for approval or declination.
• Orders and obtains appraisals and/or value real property as required by applicable regulations.
• Inspects real property to ensure the condition and quality of collateral.
• Monitors existing portfolio for performance, compliance, and ongoing needs.
• Cross sells services to develop and maintain a complete member relationship.
• Reviews and analyzes financial data submitted by borrower to determine credit worthiness and ability to repay request as structured.
• Calls on existing client’s members periodically as part of a program of on-going member contact.
• Provides guidance to credit analysts and support staff and other loan officers.
• Represents the bank in negotiations and loan closings.
• Monitors loans subsequent to booking to ensure that they were properly booked.
• Reviews loan documentation to ensure consistency with loan approval requirements and proper collateral perfection and lien position.
• Communicates with the borrower when needed to assist in proper documentation completion.
• Organizes electronic files according to Synergy procedures.
• Prepares Borrower Risk Rating sheet.
• Orders OFAC / Penley searches.
• Orders CAIVRS searches.
• Assists in facilitating payment of invoices from 3rd party vendors during the closing process.
• Assists in compiling documentation for potentially new vendors; submit to CCO/vendor management for approval, follow up when necessary.
• Compiles broker approval package, including SAMS verification, for Chief Credit Officer approval.
• Orders tax transcripts.
• Assists underwriting group with completion of financial spreads in Moody’s, loan presentations in Sageworks and modification memos as directed.
• Assists Portfolio Management group with completion of financial spreads in Moody’s, annual reviews, and portfolio management reports, as directed.
• Assists in managing construction loan draws, which will include but is not limited to, attends meetings and conferences calls with borrowers and the banks construction monitoring company prior too, during, and after loan closing to ensure construction management process is within guidelines.
• Performs other job-related duties as assigned.

Position Required Qualifications

Minimum Education and Experience

High School diploma or GED. Minimum of five (5) years’ experience in SBA or commercial lending with experience as either a loan officer, portfolio manager, underwriter or any equivalent.   

Knowledge, Skills, and Abilities

In-depth knowledge of commercial lending along with compliance and credit regulations. Knowledge of Microsoft Office and JHA is required. Professional written, verbal communication, problem solving, and interpersonal skills, along with the ability to produce quality work within tight time frames while managing multiple assignments. Position requires an ability to work on the credit union core processing systems (JHA) and department specific processing systems (Command Center). Strong work ethic, the ability to prioritize and adapt to changing deadlines, advanced interpersonal skills, excellent communication, strong problem-solving skills, and the desire to work as a team to support the overall success of the credit union. Persons in this position must possess a strong knowledge base about conventional and SBA policies and procedures.

Licenses, Training, and Certifications Required

None.

Preferred Qualifications

• SBA lending.
• Bachelor’s degree or any relevant industry certification.

Hybrid Work Environment and Physical Demands

• Occasional lifting, 25 pounds or less.
• Sitting and standing for extended periods of time.
• Working on a computer for extended periods of time.

NOTE: The job description is intended to be generic in nature. It is not an exhaustive list of all duties and responsibilities. Requirements listed in the above qualifications and physical requirements are representative of the knowledge, skill, abilities, physical demands, or work environment required or encountered that must be met by an employee to successfully perform each duty and each function of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

Employees who work from home must have business operational internet to complete work tasks and communicate via video call or chat messaging systems in a dedicated workspace.