SBA Operations Officer I

Open Bank • Los Angeles, CA

116d

About The Position

At Open Bank, we pride ourselves on being different and OPEN to new ideas and opportunities for our clients and employees. We celebrate innovation, diversity, teamwork, excellence and integrity. We are an equal opportunity employer and offer competitive compensation and benefits package to recruit, retain and reward top talent. We would like to be your partner in success and happiness! Join our TEAM - Together Everyone Achieves More. We are looking for a SBA Operations Officer I to join the SBA Loan Center 2 team at Open Bank! The SBA Operations Officer is responsible for providing on-going support to the SBA Department in processing and servicing SBA loans.

Requirements

• Bachelor’s degree in business administration or related field or equivalent experience required.
• Minimum one year of experience in banking and/or lending required.
• General knowledge of lending regulations, lien laws, and loan documentation.
• Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
• Accurate typing/keyboarding skills; basic computer skills, including the use of word processing, spreadsheet software applications, and e-mail.
• Ability to respond effectively to the most sensitive inquiries or customer complaints.
• Present a professional image in dealing with customers, interdepartmental, and external representatives.

Responsibilities

• Prepare and review SBA loan applications and packaging forms.
• Work independently with third party vendors such as title companies, escrow companies, and attorneys.
• Assist in reviewing loan files for conditions of approval and follow through to obtain proper and complete documentation.
• Assist in reviewing preliminary title reports for acceptable exceptions and request payoff-demands.
• Assist in reviewing all collateral documents along with any underwriting conditions submitted in the loan package to verify completeness and accuracy in accordance with all policies and procedure requirements.
• Assist in the preparation, review, and processing of PLP loan application for SBA approval.
• Help manage and maintain the loan portfolio via the Bank’s tickler tracking system to ensure proper recorded documentation, insurance, UCC filings, and covenant and compliance with financial and tax returns.

Benefits

• Medical, Dental, & Vision: Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members. Employees become eligible for insurance benefits on the first of the month following their hire date.
• Life, Accidental Death & Dismemberment, & Long-Term Disability: Open Bank pays 100% of the cost.
• Flexible Spending Account (FSA): Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
• 401(k) Retirement Savings Plan: Open Bank matches 100% of the first 6% of employees' contributions. Employees are eligible to participate on the first of the month following 90 days of employment.
• Paid Time Off (PTO): Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.
• Employee Assistance Program (EAP): The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
• Company Paid Lunch: Open Bank provides company paid lunch twice a week.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Bachelor's degree