Small Business Administration (SBA) Portfolio Manager

Village Bank & Trust • Des Plaines, IL

110d • $80,000 - $110,000

About The Position

The SBA Portfolio Manager is responsible for managing and being the primary point of contact for the existing SBA loan portfolio - including monitoring, analyzing, and providing guidance to internal product partners on post-closing SBA servicing and liquidation activities throughout Wintrust Financial Corporation. You will be responsible for managing certain credit relationships - including gathering, analyzing and underwriting all business and personal financial data for the purpose of issuing, extending, amending, and reviewing a commercial credit facility. You are expected to be the liaison between the bank and the SBA to ensure consistent compliance with SBA rules and regulations to preserve the SBA guaranty.

Requirements

• 3+ years of SBA experience; servicing and liquidation experience preferred.
• Bachelor's degree preferred.
• Must have excellent time management and organizational skills with an attention to detail.
• Exceptional written and verbal communication skills, along with interpersonal and customer service skills.
• Proficiency using Microsoft Office products.

Responsibilities

• Oversee internal and external SBA audits as the primary contact for Wintrust's 16 charter banks.
• Establish and maintain relationships with community bankers, business bankers, SBA team members and Managed Assets Department within Wintrust Community Banks to appropriately service the existing SBA portfolio and ensure continued SBA compliance.
• Be a resource regarding SBA compliance on new loan originations regarding eligibility, closing requirements, etc.
• Work with charter banks to evaluate SBA servicing requests using a thorough knowledge of loan policy, guidelines, procedures and SBA standard operating procedures.
• Coordinate quarterly SBA problem loan discussions.
• When appropriate, prepare credit memorandums documenting servicing approvals.
• Collaborate with Managed Assets to ensure compliance with SBA's servicing & liquidation procedures to maximize recovery.
• Provide guidance on SBA related requirements on various servicing requests, documentation requirements, and workout/liquidation strategies.
• Ensure timely submission of Universal Purchase Packages to collect SBA Guarantees.
• Ensure compliant litigation plans to increase bank's reimbursable legal expenses.
• Ensure timely submission of all required SBA loan packages (Offer in Compromise, Charge-Off Requests, Care & Preservation of Collateral, etc.).
• Execute exemplary SBA portfolio management and servicing by maintaining appropriate risk rating on all SBA credits, managing administrative past dues and delinquencies, and keeping documentation exceptions to a minimum.
• Take part in bank events during and after hours.

Benefits

• Medical Insurance
• Dental
• Vision
• Life insurance
• Accidental death and dismemberment
• Short-term and long-term Disability Insurance
• Parental Leave
• Employee Assistance Program (EAP)
• Traditional and Roth 401(k) with company match
• Flexible Spending Account (FSA)
• Employee Stock Purchase Plan at 5% discount
• Critical Illness Insurance
• Accident Insurance
• Transportation and Commuting Benefits
• Banking Benefits
• Pet Insurance

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Construction of Buildings
• Education Level: Bachelor's degree