SBA Relationship Specialist
About The Position
The SBA Relationship Specialist works closely with SBA Account Officers, Business Development Officers, the Commercial Processing Team, Credit Analysts, the Commercial Servicing Team, and members to gather documentation, prepare loan files, and facilitate timely closings. The role ensures loan files are complete, accurate, and compliant with SBA guidelines, Magnifi Financial policies and procedures, and state and federal regulations. The specialist assists SBA members across their relationship with Magnifi Financial, including loans, deposits, and other services. The role supports loan processing and closing, communicates with members and internal teams, reviews documentation for SBA eligibility and compliance, and helps maintain departmental procedures and improve processes. The position also serves as an SBA subject matter expert and assists with conventional commercial loans as needed.
Requirements
- Two-year degree in a business-related field or equivalent experience.
- Three years of experience in commercial banking, or equivalent knowledge and skills gained from related work experience.
Nice To Haves
- Previous SBA experience.
Responsibilities
- Assist and communicate with SBA Account Officers, Business Development Officers, Credit Analysts, the SBA, and applicants; provide status updates and request necessary documentation.
- Assist SBA members with loans, deposits, and other Magnifi Financial services.
- Enhance member relationships through follow-up calls and emails.
- Prepare, disburse, and send commitment letters.
- Document loan application progress using assigned checklists.
- Collect due diligence deposits and secure applicant equity injection.
- Work with members to collect financial information and documentation needed to complete loan requests and satisfy loan-closing conditions.
- Order third-party items needed for closing, such as title work and appraisals.
- Review SBA application documentation, leases, title commitments, organizational documents, environmental reports, appraisals, franchise documents, IRS verification, and insurance for SBA eligibility and compliance.
- Complete CAIVRS searches to determine whether applicants are flagged as ineligible for additional federal financial assistance.
- Request disbursements or loan advances, subordinations, partial releases, satisfactions, and fee reversals.
- Assist Commercial Processing staff with SBA questions and ensure SBA-specific documents are created correctly and loan documents are accurate.
- Keep current on SBA program rules, commercial loan documentation, credit policy, and state and federal regulations.
- Serve as an SBA subject matter expert, share knowledge, train other SBA lending staff, and answer questions.
- Assist with conventional commercial loans as needed.
- Suggest and help implement process improvements to increase departmental efficiency.
- Create and update departmental procedures.
- Use the sales process to identify and recommend products and services based on members’ financial needs and make referrals to appropriate departments.
- Participate in community relations efforts that support Magnifi Financial’s mission and visibility.
Benefits
- Training and development opportunities
- Leadership development
- Job-level advancement through training and development
- Tuition reimbursement
- 32 hours of paid volunteer time off
- Paid time off starting at four weeks per year for full-time employees; prorated for part-time employees
- Medical benefits
- Dental insurance
- Vision insurance
- Employer-paid life insurance and AD&D
- Employer-paid disability insurance
- Retirement plan with employer match up to 4%, with eligibility for annual profit sharing
- Paid parental leave
- Bonus/incentive program
- Health and wellness programs
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
