SBA Closing Team Manager
Regions Bank
full-time
Posted on:
Location Type: Hybrid
Location: Hoover • Alabama • Texas • United States
Visit company websiteExplore more
Salary
💰 $96,361 - $119,510 per year
About the role
- Leads a team of SBA Closing Specialists responsible for closing SBA loan transactions adhering to all credit, regulatory, procedural and SBA guaranty requirements
- Provides oversight and expertise for items related to credit, loan, and SBA documentation policies, closing due diligence, regulatory requirements (including BSA/AML, Beneficial Ownership, OFAC, Flood Regulations) and systems used within the department
- Develops strategies and recommendations for improving efficiency, productivity, quality, and risk management within the SBA segment and collaborates with business partners to communicate ideas and recommendations to senior and executive management
- Acts as the SBA closing/processing subject matter expert by having extensive knowledge of SBA Standard Operating Procedures (SOPs)
- Recommends updates to Regions SBA processes and procedures in accordance with SBA Standard Operating Procedures, industry best practices and relevant modifications to SOP
- Exercises independent decisions regarding compliance with bank and SBA documentation requirements
- Facilitates all closing related communication with SBA via eTran, direct submissions, or directly with SBA Officials
- Serves as the primary escalation contact for business partners regarding questions, issues or concerns with team performance or transactional issues
- Manages daily workflow and ensures staff is properly trained and adheres to policy and procedures
- Oversees all communication efforts between SBA Closing Specialist and borrower, SBA Bankers, internal staff, and external partners to deliver an optimal client experience
- Provides coaching and support to staff, including facilitating regular team meetings and 1:1 sessions for associate development
- Performs general management duties, exercising usual authority concerning staffing, performance reviews, promotions, and terminations
- Manages team performance metrics but not limited to SLAs, production, quality assurance, document exceptions, etc.
- Develops and sustains relationships with both internal and external key partners including SBA and third-party vendors such as closing attorneys
Requirements
- Bachelor’s degree in a related field with six (6) years of SBA closing experience and knowledge of SBA loan program requirements or equivalent work experience
- Or High School Diploma or GED with ten (10) years of SBA closing experience and knowledge of SBA loan program requirements or equivalent work experience
- Three (3) years of prior management, leadership, or coaching experience
- Experience reviewing insurance, title work, collateral, lien filings, appraisals, construction due diligence, and environmental reports
- Experience working with bankers, underwriters, closers, insurance firms, and attorneys
- Experience with commercial loan systems
Benefits
- Paid Vacation/Sick Time
- 401K with Company Match
- Medical, Dental and Vision Benefits
- Disability Benefits
- Health Savings Account
- Flexible Spending Account
- Life Insurance
- Parental Leave
- Employee Assistance Program
- Associate Volunteer Program
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
SBA loan transactionsSBA documentation policiesclosing due diligenceBSA/AML complianceBeneficial OwnershipOFAC regulationsFlood RegulationsSBA Standard Operating Procedurescommercial loan systemsperformance metrics
Soft Skills
leadershipcoachingcommunicationteam managementproblem-solvingrelationship buildingstrategic thinkingdecision makingcollaborationtraining