SBA - Alternative Lending BBO III

Description Employment Type:  Regular

Full/Part Time:  Full-time

Division:  Division Retail

Job Description:  GENERAL FUNCTION: The SBA Alternative Lending Business Banking Officer III is responsible for the underwriting, origination and closing of government guaranteed small business loans (e.g. U.S. SBA 7(a)). In addition to government guaranteed loans, the SBA Alternative Lending Business Banking Officer III is responsible for promoting alternative finance products from other state and municipal agencies. The SBA Alternative Lending Business Banking Officer III maintains the U.S. Small Business Loan Portfolio for the respective affiliate Bank, including reporting requirements to specific agencies. The SBA Alternative Lending Business Banking Officer III is responsible for assuring the SBA Loan files are maintained in accordance with U.S. SBA policies and are available for a SBA field exam. The SBA Alternative Lending Business Banking Officer III will promote the various alternative loan products to the appropriate lending departments within the Bank. ESSENTIAL DUTIES & RESPONSIBILITIES: * Marketing o Identify qualified prospects by soliciting alternative loan products through direct contact with bank lending personnel o Provide advice to prospective customers regarding loan products and other Bank services o Responsible for marketing the alternative loan products provided by the Bank through external and internal seminars, direct mail solicitation and media advertising o Develop and maintain relationships with various governmental and community agencies by serving as a liaison to promote the Bank's alternative lending products * Processing, underwriting and servicing of alternative loan products o Interview applicants to determine required qualifications for various alternative loan products o Responsible for the written analysis, underwriting and preparation of loan documents for the specific alternative loan product o Conduct loan closings in accordance with applicable laws and procedures of the bank and respective government agencies * Administrative o Coordinates the closing, packaging, servicing and if necessary the liquidation of SBA loans in conformance with U.S. Small Business Administration standard operating procedures o Ensures lending conformance with Bank policies and regulatory compliance o Ensures that loans are processed according to outlined procedures for 1502 reporting o Ensures proper payment of guaranty fee to the U.S. SBA o Conducts training seminars on alternative lending products for internal staff and customers SUPERVISORY RESPONSIBILITIES: May supervise SBA Alternative Business Banking Officer(s) and/or administrative assistant. Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

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Requirements MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: Bachelor's Degree in marketing, finance or related business field or four (4) years related experience. Minimum five (5) years Banking Center Manager experience or five (5) years sales and underwriting experience required. Must be detail oriented and analytical. Must be able to analyze complex financial data in order to make sound credit decisions. Excellent presentation and interpersonal skills required. PC experience required. Must have knowledge of U.S. Small Business Administration loan programs and other Federal, State and municipal alternative lending products.