The Bancorp

AVP SBL Loan Construction Officer II

The Bancorp

full-time

Posted on:

Location Type: Hybrid

Location: Morrisville • North Carolina • United States

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Job Level

Lead

About the role

  • 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

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
SBA loan documentationcommercial loan documentationloan closingconstruction managementfunding processcompliance documentationgeneral accountingloan packagingdocumentation auditmulti-tasking
Soft skills
verbal communicationwritten communicationinterpersonal communicationteam collaborationorganizational skillsattention to detailproblem-solvingtime managementprofessional communicationadaptability