SBA Closing Team Manager

Regions Bank • Atlanta, GA

1d

About The Position

At Regions, the SBA (Small Business Administration) Closing Team Manager is responsible for managing closing functions from loan approval through booking and funding for SBA 7 (a), Express, and 504 government guaranteed loans. This position manages a team of SBA Closing Specialists. The SBA Closing Team Manager plays a critical role in our SBA loan process, ensuring loan fulfillment and closing processes are operationally sound and comply with SBA standard operating procedures with a focus towards client experience.

Requirements

• Bachelor’s degree in a related field with six (6) years of years of SBA closing experience and knowledge of SBA loan program requirements or equivalent work experience
• Or High School Diploma or GED with ten (10) years of years of SBA closing experience and knowledge of SBA loan program requirements or equivalent work experience
• Three (3) years of prior management, leadership, or coaching experience
• Experience reviewing insurance, title work, collateral, lien filings, appraisals, construction due diligence, and environmental reports
• Experience working with bankers, underwriters, closers, insurance firms, and attorneys
• Experience with commercial loan systems
• Ability and knowledge to work on the most complex loan files
• Demonstrated verbal and written communication skills
• Proficient in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
• Strong attention to detail
• Strong interpersonal skills
• Strong organizational skills and the ability to handle multiple tasks under tight time constraints
• Strong work ethic and responds with a sense of urgency
• Selected candidate must have extensive experience with large dollar and small dollar 7a and 504 SBA loans.
• Candidate can be must be located within U.S, not set to just Alabama, Georgia, or Texas.

Nice To Haves

• Advanced knowledge of SBA's SOP requirements and regulations
• Specialized training in title, real estate, government programs (SBA), and specialized lending programs
• Experience with nCino and/or related Salesforce platforms
• Experience with SBA systems (ETran, SBA One, TSOFT)

Responsibilities

• Leads a team of SBA Closing Specialists responsible for closing SBA loan transactions adhering to all credit, regulatory, procedural and SBA guaranty requirements
• Provides oversight and expertise for items related to credit, loan, and SBA documentation policies, closing due diligence, regulatory requirements (including BSA/AML, Beneficial Ownership, OFAC, Flood Regulations) and systems used within the department
• Develops strategies and recommendations for improving efficiency, productivity, quality, and risk management within the SBA segment and collaborates with business partners to communicate ideas and recommendations to senior and executive management
• Acts as the SBA closing/processing subject matter expert by having extensive knowledge of SBA Standard Operating Procedures (SOPs)
• Recommends updates to Regions SBA processes and procedures in accordance with SBA Standard Operating Procedures, industry best practices and relevant modifications to SOP
• Exercises independent decisions regarding compliance with bank and SBA documentation requirements
• Facilitates all closing related communication with SBA via eTran, direct submissions, or directly with SBA Officials
• Serves as the primary escalation contact for business partners regarding questions, issues or concerns with team performance or transactional issues
• Manages daily workflow and ensures staff is properly trained and adheres to policy and procedures
• Oversees all communication efforts between SBA Closing Specialist and borrower, SBA Bankers, internal staff, and external partners to deliver an optimal client experience
• Provides coaching and support to staff, including facilitating regular team meetings and 1:1 sessions for associate development
• Performs general management duties, exercising usual authority concerning staffing, performance reviews, promotions, and terminations
• Manages team performance metrics but not limited to SLAs, production, quality assurance, document exceptions, etc.
• Develops and sustains relationships with both internal and external key partners including SBA and third-party vendors such as closing attorneys

Benefits

• Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates.
• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program
• Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time.
• To learn more about Regions’ benefits, please click or copy the link below to your browser. https://www.regions.com/about-regions/welcome-portal/benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Manager