SBA Loan Officer
About The Position
Promote Credit Union Small Business Administration loan products and services to small and medium sized businesses throughout the community. Provide assistance and training to branch team members in areas related to SBA lending and training. Take a leadership role in representing the Credit Union to the local small business market to build awareness, brand image, credibility and new business surrounding SBA 7(a) loans. Be responsible for generating and servicing SBA loans for small to medium sized business loans. Contributes to deposit growth by cross selling and promoting additional credit union products. Aggressively seeks and obtains quality new business from existing clients, prospecting calls, referrals, and cross selling efforts. Maintain in-depth product knowledge of all business services; provide quality referrals for business loans, merchant bankcards, ACH Origination and other business products. Cross-train team members as part of sales efforts; may conduct formal training on products and sales techniques. Assist Credit Union with collection efforts on delinquent business loans as needed. Other duties as assigned.
Requirements
- Strong knowledge of SBA SOPs, program eligibility, credit criteria and loan structure requirements.
- Requires skills and experience in applicant interviewing and perceptive character judgment, loan structuring, credit analysis, and monitoring credit performance.
- Bachelor’s degree or equivalent experience.
- One to four years of commercial banking experience.
- Knowledge of lending, credit analysis preferable in a commercial lending environment.
- Ability to structure loans and monitor credit performance.
- Ability to work under pressure and organize tasks for optimal performance.
- Excellent communication, relationship building and sales skills.
- Must be eligible for membership at ICCU to obtain employment.
- Must be willing to comply with the Bank Secrecy Act and USA Patriot Act as implemented by ICCU.
Nice To Haves
- Previous SBA 7(a) experience highly desired.
Responsibilities
- Take a leadership role in representing the Credit Union to the local small business market to build awareness, brand image, credibility and new business surrounding SBA 7(a) loans.
- Actively participate in community business organizations and events.
- Be responsible for generating and servicing SBA loans for small to medium sized business loans.
- Contributes to deposit growth by cross selling and promoting additional credit union products.
- Aggressively seeks and obtains quality new business from existing clients, prospecting calls, referrals, and cross selling efforts.
- Maintain in-depth product knowledge of all business services; provide quality referrals for business loans, merchant bankcards, ACH Origination and other business products.
- Cross-train team members as part of sales efforts; may conduct formal training on products and sales techniques.
- Assist Credit Union with collection efforts on delinquent business loans as needed.
- Other duties as assigned.
Benefits
- Equal Opportunity Employer
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
