SBA Closing Specialist

First Citizens Bank • Phoenix, AZ

31d

About The Position

This position is responsible for closing of all Small Business Administration (SBA) 7(a) loans in compliance with company and SBA policy. Reviews loan documentation to identify and resolve potential problems in the closing process, ensuring that all pre-closing requirements are satisfied. Coordinates internal loan team and necessary external professionals, and communicates directly with client and Bank closing counsel to resolve open closing conditions. Supports accurate, efficient loan closing to achieve department goals and profitability objectives.

Requirements

• Bachelor's Degree and 4 years of experience in Credit Administration with Small Business Administration servicing, closing, or underwriting OR High School Diploma or GED and 8 years of experience in Credit Administration with Small Business Administration servicing, closing, or underwriting
• Detailed knowledge of loan closing documentation and requirements
• Proficient with computers, software, applications, and applicable mainframe systems

Nice To Haves

• Knowledge of the Small Business Administration processes and procedures.

Responsibilities

• Loan Closing - Coordinates all aspects of the loan closing process while ensuring compliance with SBA policies and procedures. Coordinates necessary parties in order to accurately and successfully complete the process.
• Loan Support - Resolves any pending closing conditions by engaging with Bank closing counsel. Ensures that pre-closing requirements are satisfied in accordance with appropriate standards. Assembles and reviews due diligence, and ensures that included documentation is satisfactory to the Bank.
• Auditing - Performs pre-closing audits of all submitted documents and conditions to ensure SBA eligibility.
• Quality Control - Completes quality checks of loan packages, document deficiencies, and resolves exceptions with customers and bankers.

Benefits

• Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 5,001-10,000 employees