SBA Loan Servicing and Liquidation Manager

ConnectOne Bank•New York, NY

8h•Hybrid

About The Position

The SBA Loan Servicing and Liquidation Manager is primarily responsible for complex servicing actions, workouts and liquidations including the development of liquidation plans, litigation plans, settlements, and the overall liquidation of all collateral. This position requires knowledge of the SBA Standard Operating Procedures (SBA SOP) and experience with SBA loans in workout/troubled loans scenarios requiring intense resolution. The SBA Loan Servicing and Liquidation Manager will be responsible for helping to refine the scope of our SBA liquidation department. In this role you will: Support the Bank’s “People First” focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing all clients excellent service, always striving to make CNOB “A Better Place to Be”.

Requirements

Comprehensive knowledge of most current SBA SOP (50 10, 50 57) and other SBA Loan Program Requirements (CFR) and Tools (7a Action Matrix).
Understanding of commercial credit analysis.
Familiarity with Bank security and safety practices.
Knowledge of relevant Federal and State banking regulations.
Knowledge of legal proceedings including Foreclosure and Bankruptcy.
Strong “People First” interest and ability.
3- 5 years of SBA Servicing & Liquidation experience required.

Nice To Haves

Proficient with SBA systems including Capital Access Financial System, Lender Information Portal, ETRAN, FTA Portal.
Proficient with Microsoft Office Applications.
Familiarity with Google application suite.

Responsibilities

Oversee the overall process of all loans that require complex servicing actions, workout, liquidation, and active foreclosure.
Review and analyze financial statements for debtors to determine appropriate workout options and oversee the development and negotiation of workout plans with borrowers to mitigate credit loss.
Responsible for developing liquidation plans, litigation plans and obtaining approval from appropriate SBA Loan Center when applicable.
Serve as liaison with Bank’s Special Assets Group and Bank Counsel in liquidation and active foreclosure scenarios.
Responsible for Lender Reporting Requirements after Guaranty Purchase (15 days and 6-month reports).
Management of Prudent Liquidation Deadline including request for extension to 24-month rule.
Maintain Loan Action Record
Preparation and submission of Universal Purchase Package, Charge Off Tabs and Wrap Up report
Develop, monitor, and maintain risk management protocol based on common portfolio metrics including currency rate, default rate, charge off rate, as well as portfolio concentration metrics.
Assist with intensive servicing actions such as collateral release and substitution.

Benefits

World class health, vision, and dental benefits on day one
401k with employer match
Hybrid work from home (depending on role)
Employee appreciation events (team building, softball games, food truck days, etc..)
Employee assistance programs (EAP)
Wellness programs (flu shot, preventive care, health programs and services discounts, etc..)
Tuition reimbursement
Employee Discount perks
CNOB Community Service Events
….and much, much more!