Hybrid AVP SBL Loan Construction Officer II

at The Bancorp

• Job title: AVP SBL Loan Construction Officer II
• Job type: Full Time
• Experience level: Lead
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Morrisville, United States

About the role

• AVP SBL Loan Construction Officer II managing all aspects of construction loans for SBA clients. Coordinating construction loan closings, funding processes, and compliance efforts in Morrisville, NC office.

Responsibilities

• Performs all construction loan closings and post close construction funding and construction management for all Small Business Administration (SBA) clients.
• Responsible for the loan closing, loan administration, and compliance associated with SBA and Conventional real estate construction, leasehold construction, franchise, and non-franchise closings and disbursements.
• Provides the central point of communication to coordinate all Construction closing document collection, and processing/construction and non-construction post-closing administration and funding.
• Provides professional level of communication to borrowers, sales team, lenders, and internal team members.
• Provides for the accurate reporting of all loan updates and status changes within bank’s loan processing, servicing platform systems.
• Coordinates for the review and approval of all funding needs to streamline timely funding to borrowers.
• Uses the systems for specific tracking conditions within loan systems.
• Coordinates for review and approval of all Construction closing needs with borrower and internal teammates.
• Uses the system to track document collection.
• Performs SBA and Commercial Construction review and approval of disbursement documentation required for full compliance with SBA, 7(a), 504, and USDA loans.
• Uses appropriate checklists and file system tools.
• Prepares and releases weekly checklist, appropriate letters, and communications to manage and direct the funding/construction management process.
• Prepares and delivers letters of engagement and instructions to third party vendors to coordinate and manages the projects in construction as well as non-construction funding needs in accordance with banks/SBA standards for compliance, documentation audit, submission, and control.
• Manages all aspects of the construction closing and funding process including audit, reconcile or document the equity requirements for SBA / Bank compliance.
• Works with team members and third-party providers and clients to close and fund all loans.
• Prepares and documents all funding requirements for compliance with funding requirements, loan conditions and compliance with internal bank controls (bank documents, for funding, boarding and approval requirements).
• Complies with general accounting requirements for funding, loan records and post close conditions.
• Closes out of documentation needed for Tickler maintenance, utilizing proper codes, worksheets, and tracking systems.
• Maintains file compliance including accurate utilization of the electronic document storage system, electronic shared system, and hard file stored management.
• Works to maintain current knowledge of the SBA loan program, current banking and regulatory compliance matters.
• Attends or completes all required training for subject matters deemed applicable to position.
• Performs other duties as assigned.

Requirements

• Undergraduate degree in a related field or an equivalent combination of training and experience.
• 4 years of related experience in SBA/Loan Closing/documentation.
• Strong working knowledge of SBA and commercial loan documentation.
• Strong working knowledge of SOP 50-10, loan packaging, documentation and closing training from NAGGL.
• Strong working knowledge of Funding process-SBA compliance and documentation requirements.
• General understanding of construction preferred.
• Excellent verbal, written, and interpersonal communication skills.
• Business or general accounting skills preferred.
• Team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.
• Knowledge of computer loan systems, e.g., Pro Loan documentation software, and loan documentation software.

Benefits

• No travel required