SBA Eligibility Officer

Keybank National Association•Albany, NY

36d•$71,000 - $122,000

About The Position

SBA Eligibility Officers are responsible for reviewing Key Bank's Small Business applications for adherence to the SBA's requirements assuring that the agency guarantee can be enforced. The position will serve as a subject matter expert on the SBA's Standard Operating Procedures (SOP) and a point contact for the underwriting and closing teams. Additional responsibilities include ensuring that all required loan conditions are sufficient and properly documented and in compliance with SBA and bank policy.

Requirements

Bachelor's Degree with a preferred focus on business course work, or equivalent work experience.
Prior business, commercial, or related credit underwriting experience with preference of at least 3 years, to include experience working with the SBA loan programs.
Extensive knowledge of the SBA's Standard Operating Procedures (SOP) and eligibility guidelines
Satisfactory understanding and knowledge of commercial credit policies, procedures, and loan systems.
Familiarity with, and understanding of, commercial credit underwriting/approval methodologies and their use.
Ability to work well individually as well as part of a team.
Proven leadership abilities
Accomplished self-starter and well-organized in thought and action.
Possess a process improvement mindset.
Strong organizational skills, ability to set priorities in a multitask environment.
Commitment to core values; Teamwork, Respect, Accountability, Integrity, Leadership.

Responsibilities

Responsible for reviewing new credit application packages for adherence to credit policy and SBA requirements and determination of appropriate due diligence necessary to ensure proper eligibility compliance
Review financial statements and all other relevant financial analysis, as well as non-financial data, to develop a concise and focused analytical foundation for a credit decision
Collaborate with underwriters, bankers and credit partners to drive the efficiency and effectiveness of the credit process to meet client expectations
Ability to review high volumes of applications in a timely manner to develop a concise focused foundation for SBA eligibility decisioning
Decision loans within delegated authority or recommend decision to appropriate credit partner
Monitor and identify risks within the existing portfolio
Identify and escalate material issues or trends in a timely manner
Coordinates with internal partners to drive efficiency and effectiveness in the application process to meet client expectations
Serves as mentor, coach and trainer for the analyst and underwriting staff as it relates to credit and SBA requirements
Ability to manage application workflow
Maintains comprehensive knowledge of SBA policies and lending programs and remains up to date with changes
Provides on-going training to Key Bank's Small Business teams on SBA eligibility, lending programs and policies.
Support and participate in SBA special projects as needed. Examples could include process improvements, implementing change across, credit, and the line of business, etc.

Benefits

This position is eligible to earn a base salary in the range of $71,000.00 - $122,000.00 annually.
Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location.
Compensation for this role also includes eligibility for incentive compensation subject to individual and company performance.
Please click here for a list of benefits for which this position is eligible.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

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