Small Business Loan Associate

Oxford Bank•Flint, MI

12h

About The Position

The Small Business Loan Associates focus will be to support the SBA Loan Specialist in documenting compliance with the Small Business Administrations SOP (Standard Operating Procedures), and to assist in underwriting Small Business Loans. In addition to those listed below, responsibilities include helping internal and external clients understand the requirements of the SBA and how to properly document the requirements to ensure compliance. This is an entry-level position and no knowledge of commercial banking or the Small Business Administration is required.

Requirements

Must be proactive, organized, process-oriented, analytical, and highly engaged with their work, their team members, and their internal and external clients.
Successful team members are detail-oriented, effective communicators and are successful in handling multiple priorities in a fast-paced environment.

Nice To Haves

Bachelors Degree with Business-related major is preferred.
Experience within finance, accounting or analytics is a plus.

Responsibilities

Thoroughly reviewing loan materials and documentation for accuracy, SBA compliance, and completeness.
Maintaining digital files with all items required for SBA compliance.
Drafting and preparing loan materials for SBA Loan Specialist review.
Drafting and maintaining SBA loan checklist and initiate communication with staff regarding loan status updates, current priorities, and deadlines.
Serving as a liaison to the Borrower and Bank in preparation of an SBA-compliant loan application.
Interacting with Small Business Lending team in analyzing client financial data.
Managing underwriting process from start to finish for Small Business Loans up to $500,000.
Maintaining an up-to-date Pipeline report.
Assisting with special projects related to SBA Programs or Small Business Lending.
Being an active participant in team meetings.
Exercising discretion in handling sensitive and confidential information.
Understanding their role and their team members roles in risk mitigation.
Identifying solutions for areas of improvement.
Having open and honest communication that serve to improve our team.
Other Duties as assigned.