SBA/Commercial Loan Officer
About The Position
Redwood Credit Union is seeking an SBA/Commercial Loan Officer to implement its SBA business lending program. The role develops marketplace origination strategies and originates and closes SBA loans, exercising broad discretion on varied, diverse, and complex assignments. The position emphasizes excellent Member service and profitable business-services growth while minimizing loan-loss exposure through high credit quality. The officer builds referral and third-party relationships, structures SBA loan packages, recommends pricing strategies, monitors credit compliance, ensures regulatory compliance, and supports Members throughout credit management and servicing. The position also develops and presents SBA seminars and trainings, cross-sells RCU products and services, prepares lending reports, and participates in Credit Committee as required. The role requires travel 20% of the time and a rotating schedule that includes rotating Saturdays. The work environment is indoors, with most time spent sitting at a desk.
Requirements
- Extensive knowledge of SBA loan programs, including Express, 7(a), and 504, and proficiency in structuring commercial loans.
- Strong business-development and lead-generation skills, including the ability to originate SBA loans in the marketplace and cultivate a positive working relationship with the SBA.
- Current knowledge of laws, rules, and regulations pertaining to business lending and compliance.
- Thorough knowledge of financial-institution business services, including lending methods, practices, and services.
- Excellent credit skills to support new business-development goals.
- Knowledge of asset, liability, and credit dynamics in a business-services lending environment.
- Ability to independently analyze simple and complex credits or credit relationships, make recommendations, and demonstrate sound decision-making.
- Excellent interpersonal, leadership, Member-relationship, negotiation, and communication skills.
- Skill operating a personal computer and word-processing, spreadsheet, and presentation software, as well as Intra/Internet access.
- Ability to travel 20% of the time.
- Ability to work a rotating schedule that includes rotating Saturdays.
- Combination of education and experience equivalent to a bachelor's degree in business administration, finance, or a closely related field, and five years of progressively responsible experience in SBA business lending.
Responsibilities
- Implement Redwood Credit Union's SBA business lending program and develop strategies to originate loans in the marketplace.
- Develop a referral network with commercial real estate brokers, business brokers, small businesses, professional associations, accountants, and lawyers.
- Structure complex SBA loan packages and proposals.
- Initiate and enhance relationships with Certified Development Companies.
- Recommend loan-pricing strategies that meet or exceed return-on-equity targets while supporting business-loan growth.
- Monitor credit compliance and resolve documentation, collateral, and past-due exceptions to support credit quality and data integrity.
- Ensure compliance with applicable government rules and regulations.
- Develop and present SBA loan seminars and trainings.
- Serve as a primary liaison with Members and business partners.
- Proactively support Member satisfaction throughout credit management, including credit servicing and problem resolution.
- Follow up promptly on loan-monitoring activity to support sound credit portfolios.
- Cross-sell RCU products and services to enhance Member relationships.
- Compose and generate credit and lending reports as needed.
- Participate in Credit Committee as required.
Benefits
- Competitive medical, dental, and vision insurance, plus mental health offerings.
- Employee performance incentive plan.
- Merit-based salary advancement.
- 401(k) program with employer match.
- Competitive PTO accrual, 11 paid company holidays, and the employee's birthday off.
- Discounts on RCU standard collateral auto loans, recreational or boat loans, Visas, and lines of credit.
- Zero-interest loans for certain immigration-related expenses, naturalization expenses, and garment, fitness, or home-office equipment.
- 100% financing for employee-purchased homes.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
