AVP SBL Loan Construction Officer II (Hybrid)

The Bancorp Bank, N.A.•Morrisville, NC

1d•Hybrid

About The Position

Overview Work Arrangement: After the initial training period, this is a hybrid role, working onsite in our Morrisville, NC office. Performs all construction loan closings and post close construction funding and construction management for all Small Business Administration (SBA) clients. Responsibilities Essential Functions Responsible for the loan closing, loan administration, and compliance associated with SBA and Conventional real estate construction, leasehold construction, franchise, and non-franchise closings and disbursements. Provides the central point of communication to coordinate all Construction closing document collection, and processing/construction and non-construction post-closing administration and funding. Provides professional level of communication to borrowers, sales team, lenders, and internal team members. Provides for the accurate reporting of all loan updates and status changes within bank’s loan processing, servicing platform systems. Coordinates for the review and approval of all funding needs to streamline timely funding to borrowers. Uses the systems for specific tracking conditions within loan systems. Coordinates for review and approval of all Construction closing needs with borrower and internal teammates. Uses the system to track document collection. Performs SBA and Commercial Construction review and approval of disbursement documentation required for full compliance with SBA, 7(a), 504, and USDA loans. Uses appropriate checklists and file system tools. Prepares and releases weekly checklist, appropriate letters, and communications to manage and direct the funding/construction management process. Prepares and delivers letters of engagement and instructions to third party vendors to coordinate and manages the projects in construction as well as non-construction funding needs in accordance with banks/SBA standards for compliance, documentation audit, submission, and control. Manages all aspects of the construction closing and funding process including audit, reconcile or document the equity requirements for SBA / Bank compliance. Works with team members and third-party providers and clients to close and fund all loans. Prepares and documents all funding requirements for compliance with funding requirements, loan conditions and compliance with internal bank controls (bank documents, for funding, boarding and approval requirements). Complies with general accounting requirements for funding, loan records and post close conditions. Closes out of documentation needed for Tickler maintenance, utilizing proper codes, worksheets, and tracking systems. Maintains file compliance including accurate utilization of the electronic document storage system, electronic shared system, and hard file stored management. Works to maintain current knowledge of the SBA loan program, current banking and regulatory compliance matters. Attends or completes all required training for subject matters deemed applicable to position. Performs other duties as assigned.

Requirements

Undergraduate degree in a related field or an equivalent combination of training and experience.
4 years of related experience in SBA/Loan Closing/documentation.

Nice To Haves

Strong working knowledge of SBA and commercial loan documentation.
Strong working knowledge of SOP 50-10, loan packaging, documentation and closing training from NAGGL.
Strong working knowledge of Funding process-SBA compliance and documentation requirements.
General understanding of construction preferred.
Excellent verbal, written, and interpersonal communication skills.
Business or general accounting skills preferred.
Team player, able to work effectively in a team fostered, multi-tasking environment.
Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.
Knowledge of computer loan systems, e.g., Pro Loan documentation software, and loan documentation software.
No travel required.

Responsibilities

Responsible for the loan closing, loan administration, and compliance associated with SBA and Conventional real estate construction, leasehold construction, franchise, and non-franchise closings and disbursements.
Provides the central point of communication to coordinate all Construction closing document collection, and processing/construction and non-construction post-closing administration and funding.
Provides professional level of communication to borrowers, sales team, lenders, and internal team members.
Provides for the accurate reporting of all loan updates and status changes within bank’s loan processing, servicing platform systems.
Coordinates for the review and approval of all funding needs to streamline timely funding to borrowers.
Uses the systems for specific tracking conditions within loan systems.
Coordinates for review and approval of all Construction closing needs with borrower and internal teammates.
Uses the system to track document collection.
Performs SBA and Commercial Construction review and approval of disbursement documentation required for full compliance with SBA, 7(a), 504, and USDA loans.
Uses appropriate checklists and file system tools.
Prepares and releases weekly checklist, appropriate letters, and communications to manage and direct the funding/construction management process.
Prepares and delivers letters of engagement and instructions to third party vendors to coordinate and manages the projects in construction as well as non-construction funding needs in accordance with banks/SBA standards for compliance, documentation audit, submission, and control.
Manages all aspects of the construction closing and funding process including audit, reconcile or document the equity requirements for SBA / Bank compliance.
Works with team members and third-party providers and clients to close and fund all loans.
Prepares and documents all funding requirements for compliance with funding requirements, loan conditions and compliance with internal bank controls (bank documents, for funding, boarding and approval requirements).
Complies with general accounting requirements for funding, loan records and post close conditions.
Closes out of documentation needed for Tickler maintenance, utilizing proper codes, worksheets, and tracking systems.
Maintains file compliance including accurate utilization of the electronic document storage system, electronic shared system, and hard file stored management.
Works to maintain current knowledge of the SBA loan program, current banking and regulatory compliance matters.
Attends or completes all required training for subject matters deemed applicable to position.
Performs other duties as assigned.