SBA Closing Specialist

Firstrust Bank•Conshohocken, PA

4d•Hybrid

About The Position

SBA Closing Specialist FIRSTRUST BANK Recognizes the leader in you As one of the region’s foremost community banking institutions, we take pride in fostering leadership. As a Firstrust employee, your growth is our growth. For you, that means great benefits, performance-based pay, a meaningful role, and resources to help your success. For us, that means employees who offer exemplary customer service with a commitment to our values - honesty, integrity and accountability. Hybrid Position The SBA Closing Specialist requires in-depth knowledge and experience in the review process for SBA loan files and closing settlements.

Requirements

5-10 years of banking and commercial lending experience
BS or BA Degree in Business Administration or related field experience
Extensive knowledge of and experience with SBA closing requirements
Ability to analyze a loan approval and loan file to ensure all necessary documentation is obtained during the closing process
Strong interpersonal skills and good oral written communication skills.
Knowledge of software/systems required to successfully perform job function.
Proven history of managing high volume workflows.

Nice To Haves

Prior experience working within an SBA lending team is strongly encouraged.
Demonstrates the ability to coach, lead, and motivate.

Responsibilities

Manages the process of closing, auditing and packaging loan files.
Oversees and directs the implementation of the loan closing process to ensure all documentation is ready for Bank approval.
Reviews and coordinates the due diligence on guarantors for compliance under the SBA’s SOP guidelines.
Engages communications with borrowers, brokers, title companies, appraisers and insurance companies for required reporting and review.
Manages the daily workflow to ensure that loan commitment deadlines are met.
Organizes the loan disbursement process, file maintenance, adjustments, reconciliations and other loan system functions.
Controls the closing pipeline and participates in loan committee meetings.
Independently schedules and directs loan closing proceedings in a timely manner.
Draft the SBA Terms & Conditions in accordance of the loan approval and SBA’s SOP’s.
Obtain loan approval through ETRAN under PLP Authority.
Maintains superior customer service when obtaining all SBA documentation.
Assume other responsibilities or special duties associated with the function of the department as delegated by SBA Supervisor.
Oversee and collaborate with team members to ensure accuracy on all loans.