JOB SUMMARY
Under supervision and following established policies and procedures, Senior SBA Loan Closing Officer is to gather and organize information that supports new loan closing and post funding activities and coordinate daily activities and functions of loan closing and servicing. Complies with all regulations which apply within the scope of the position, including Bank Secrecy Act.
DUTIES
- Prepare SBA application documents and submission to SBA for approval (GP and PLP submission); Prepare SBA Terms and Conditions based on approved CCR.
- Requests, collects, and reviews documents required for closing; Prepares and maintains credit files through to loan closing.
- Assist in requesting and conducting background searches for new loan origination.
- Works closely with escrow, title, marketing and loan administration personnel to ensure timely and efficient loan closing and post-funding follow-up.
- Assists in operational duties of the department, including secondary market sales and packaging; tickler maintenance and payment of referral fees and associates vendors, i.e. appraisal, environmental and title fees, etc.
- Prepares various monthly reports, including but not limited to, SBA 1502, Portfolio report, Past-Due report, among others.
- Interacts with customers to assist in collecting necessary information for loan closing and servicing.
- Promote and cross sell the Bank’s services and products.
- Train and develop new SBA loan closing officers and assistants.
- Perform other duties as assigned.
QUALIFICATIONS
- EDUCATION: College degree in accounting or business preferred.
- EXPERIENCE: 5+ years of experience in SBA closing, documentation and lending.
SKILLS/ABILITIES
- PC literate in MS Word and Excel
- Thorough accounting concepts
- Strong verbal and written communication skills
- Organized and detail-oriented with the ability to function in a team environment
- Bilingual (English/ Mandarin) is a plus.
WHY WORK FOR US?
Since opening our first branch in Los Angeles in 2008, Royal Business Bank (RBB) has grown rapidly by adding branches in Southern California, Nevada, New York, New Jersey, Chicago and Hawaii. We offer a comprehensive and innovative suite of banking services for individuals and businesses. We have great benefits that include, but not limited to:
- Medical insurance
- Vision insurance
- Dental insurance
- 401(k)
- Disability insurance
Royal Business Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policies (GLBA Privacy Notice, California Consumer Privacy Act and Online Privacy) at our website www.royalbusinessbankusa.com. Royal Business Bank is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.
Job Type: Full-time
Pay: $87,200.00 - $109,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Referral program
- Vision insurance
Schedule:
Application Question(s):
- Will you now, or in the future, require sponsorship for employment visa status (e.g. H-1B visa status)?
Ability to Commute:
- Los Angeles, CA 90017 (Required)
Work Location: In person