FVP & SBA Operations Officer IV

Open Bank • Los Angeles, CA

4d • Onsite

About The Position

We are looking for a FVP & SBA Operations Officer IV
to join our SBA Loan Center 1 team at Open Bank! The ideal candidate will work independently with third party vendors such as title companies, escrow companies, and attorneys, while working on multiple projects simultaneously; managing time and resources to ensure work is completed efficiently and within established timeframes. The FVP & SBA Operations Officer IV will be responsible for providing on-going support to the SBA Loan Center 1 team in processing and servicing SBA loans by preparing and reviewing SBA loan application and packaging forms.

Requirements

• Minimum five years of experience in lending required.
• Ability to retain a broad knowledge of tasks performed in the lending functions.
• Ability to analyze and organize financial information and perform complex financial calculations.
• Present a professional image in dealing with customers, interdepartmental, and external representatives.
• Ability to retain broad knowledge of lending tasks, lending regulation, lien laws, and loan documentation
• Excellent verbal and written communication skills.
• Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
• Ability to respond effectively to the most sensitive inquiries or client complaints.
• Present a professional image in dealing with customers, interdepartmental, and external representatives.
• Accurate typing/keyboarding skills; basic computer skills, including the use of word processing, spreadsheet software applications, core banking process systems, e-mail and on-line banking programs.
• Good analytical skills including the ability to define problems, collect data, establish facts, and draw conclusions.
• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• Strong analytical skills with a thorough understanding of lending operations and client needs.

Responsibilities

• Review loan files for conditions of approval and follow through to obtain proper and complete documentation.
• Review preliminary title reports for acceptable exceptions and request payoff- demands.
• Review all collateral documents along with any underwriting conditions submitted in the loan package to verify completeness and accuracy in accordance with all policies and procedure requirements.
• Prepare, review, and process PLP loan application for SBA approval.
• Manage and maintain the loan portfolio via the Bank’s tickler tracking system to ensure proper recorded documentation, insurance, UCC filings, and covenant and compliance of financials and tax returns.
• Prepare 1086 (Colson Forms) and send to the Secondary Market Investor, coordinate with Secondary Market and Note Department for wire and booking of sales.
• Provide regulatory agencies with all requested information and/or statistics on loans files under your responsibility.
• Keep informed of policies, practices, regulations, and laws as applicable to your function.

Benefits

• Medical, Dental, & Vision: Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members. Employees become eligible for insurance benefits on the first of the month following their hire date.
• Life, Accidental Death & Dismemberment, & Long-Term Disability: Open Bank pays 100% of the cost.
• Flexible Spending Account (FSA): Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
• 401(k) Retirement Savings Plan: Open Bank matches 100% of the first 6% of employees' contributions. Employees are eligible to participate on the first of the month following 90 days of employment.
• Paid Time Off (PTO): Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.
• Employee Assistance Program (EAP): The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
• Company Paid Lunch: Open Bank provides company paid lunch twice a week.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 101-250 employees