SBA Portfolio Officer

Hanmi Bank • Los Angeles, CA

4d • $73,200 - $108,400

About The Position

The SBA Portfolio Officer provides financial, credit, and trend analysis supporting the delivery of the Company’s credit products and services to commercial or SBA banking clients and prospects. The role evaluates credit requests and risk, manages assigned loan relationships, and monitors covenant compliance, collateral, and signs of credit deterioration. The officer stays informed about political and regulatory issues that may affect industries or clients and ensures compliance with Bank policies and applicable state and federal laws and regulations.

The position manages and services an SBA loan portfolio, including borrower communications, post-closing matters, annual reviews, reporting, site visits, and monitoring of financial and covenant information. It also assesses and recommends servicing actions, handles delinquent or adversely graded loans, and negotiates workouts when needed. The position requires independent financial analysis, sound credit recommendations, and collaboration with Portfolio Managers, Business Bankers, Credit Administration, and the Loan Monitoring Group.

The role is expected to follow the Bank’s underwriting and lending guidelines, organizational policies, EEO requirements, and applicable occupational safety standards. Other position-specific duties may be assigned.

Requirements

• High school diploma and at least 5 years of related experience and/or training in SBA commercial and industrial lending, or an equivalent combination of education and experience.
• Experience analyzing business financial statements and tax returns, as well as individual financial statements and tax returns.
• Experience with cash-flow and collateral analysis.
• Ability to prepare clear, succinct written credit memorandums and present credits to Credit Administration.
• Advanced experience, knowledge, and training in lending activities and terminology.
• Ability to make conclusive recommendations based on independent analysis.
• Strong relationship-development and management skills.
• Intermediate computer skills, including computer terminal and personal computer operation, mainframe systems, word processing, and spreadsheet software.
• Intermediate typing skills sufficient to meet production needs.
• Intermediate mathematics skills, including calculating interest, commissions, proportions, and percentages; balancing accounts; performing arithmetic with whole numbers, fractions, and decimals; locating routine mathematical errors; calculating rates, ratios, and percentages; and drafting and interpreting bar graphs.
• Strong verbal, written, and interpersonal communication skills; ability to follow instructions, instruct and train others, prepare reports, correspondence, and procedures, and communicate clearly with customers and employees.
• Ability to handle complex problems involving multiple facets and variables in non-standardized situations.
• Ability to work without supervision while performing duties.
• Ability to comply with applicable Bank policies and state and federal regulations, including GLBA, Regulations Z, DD, and B, the Dodd–Frank Act, elder abuse laws, the Bank Secrecy Act and USA PATRIOT Act, anti-money-laundering and Customer Information Program requirements, the Right to Financial Privacy Act, and the Community Reinvestment Act.

Nice To Haves

• Bachelor’s degree preferred.
• Commercial real estate or SBA analysis/underwriting experience is a plus.

Responsibilities

• Manage the assigned loan portfolio to minimize risk to the Company.
• Respond to customer inquiries and service requests, including maintaining communication logs.
• Manage post-closing issues, including preparing loan modifications, extensions, and assumptions, and collecting annual financial statements and insurance information.
• Monitor borrowers with flood insurance requirements and delinquent property taxes.
• Ensure loans are graded properly under the Company’s grading policy.
• Analyze and recommend loan servicing requests within Company guidelines; secure borrower collateral, equity, or assets to preserve principal, collect interest, and prevent or limit losses.
• Monitor delinquencies, covenant compliance, past-due payments, and maturing loans.
• Prepare periodic loan portfolio reports for audit and management.
• Conduct borrower site visits, meetings, and interviews.
• Complete annual reviews and site visits, and monitor current financial information and financial covenant compliance.
• Negotiate workouts on problem loans, including obtaining approval for and documenting workout plans.
• Conduct substantial borrower interactions, including periodic calls to collect information and assess borrowers’ ability to repay loans as structured.
• Analyze business and individual tax returns and financial statements to identify recurring and non-recurring cash-flow sources, including cash and non-cash income on K-1 statements and Schedule E.
• Manage adversely graded loans through debt restructuring, settlement negotiations, appropriate legal action, and/or collateral liquidation.
• Prepare SAD Transfer Memos to transfer files to SAD for extensive servicing and workout.
• Monitor credit facilities for financial and reporting covenant compliance; maintain and review compliance logs, obtain missing or updated information, notify borrowers and guarantors of missing reports or non-compliance, and correspond with the Loan Monitoring Group and Credit Administration about recommended waivers or amendments.
• Identify potential problem loans early and assist Portfolio Managers, Business Bankers, and Credit Administration in taking appropriate action; recommend changes to current risk ratings as appropriate.
• Maintain knowledge of the Bank’s underwriting and lending guidelines.
• Treat people respectfully and ethically, keep commitments, act with integrity, accept responsibility, and uphold organizational values.
• Adhere to EEO policy, respect cultural differences, support a harassment-free workplace, and promote diversity and affirmative action.
• Follow policies and procedures, complete tasks correctly and on time, and support Company goals and values.
• Perform work safely, report potentially unsafe conditions, and comply with applicable occupational safety and health standards and rules.
• Perform other position-specific duties and assigned functions.

Benefits

• Paid sick time off for all employees.
• Depending on the position offered, benefits may include vacation leave and paid holidays.
• Depending on the position offered, benefits may include medical, dental, vision, life, and disability insurance for employees and dependents.
• Various voluntary benefits may be available, depending on the position offered.
• Optional retirement accounts may be available, depending on the position offered.
• Successful candidates may be eligible for bonus, stock, commissions, and incentives at the Company’s discretion.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED