Sandy Spring Bank

The SBA Loan Coordinator and Closer is responsible for the loan portfolio administration and servicing of U.S. Small Business Administration (SBA) Guaranteed loans, both secured and unsecured to ensure all SBA guaranteed loans are properly managed according to the SBA Standard Operating Procedures (SOP) and Sandy Spring Bank credit and risk policies.. Processes and monitors new SBA loan requests for Sandy Spring Bank credit decision and prepares SBA Commitment Letter.. Manages SBA loan closing process with assistance from SBRM, working closely with SSB Loan Administration and outside counsel to ensure timely and accurate loan closing and disbursement procedures complying with SBA SOP and Bank policies.. This is all monitored thru nCino Demonstrates an understanding of SBA Guaranteed loan servicing and reporting requirements.. System experience with nCino/Sales Force and CAFS/E-Tran preferred.

loan coordinator

About Us Are you someone who seeks opportunity and has a true desire to grow your career with an organization that has enriched the lives of its clients and communities in the Greater Washington region for more than 150 years? If so, Sandy Spring Bank may be the perfect fit for you! Sandy Spring Bank is a growing financial services company focused on creating real experiences for our employees, clients, shareholders and communities. We are proud to have been certified as A Great Place To Work®, recognized by The Washington Post and the Baltimore Sun as a Top Workplace, by Forbes magazine as the #1 Bank in Maryland. It is our employees who play an integral role in shaping who we are as a company and upholding what matters most to us: people and relationships. To help us attract the highest quality individuals, we offer a comprehensive benefits package to those who qualify. We offer competitive market salaries, paid time off, multiple retirement savings options, full health care options, life insurance, health care and dependent care flexible spending accounts, career development opportunities, tuition assistance and volunteer opportunities. We are proud to offer those, and so much more, making Sandy Spring Bank a remarkable place to work and build a career. About The Job Sandy Spring Bank is hiring for a SBA Loan Coordinator and Closer. The SBA Loan Coordinator and Closer is responsible for the loan portfolio administration and servicing of U.S. Small Business Administration (SBA) Guaranteed loans, both secured and unsecured to ensure all SBA guaranteed loans are properly managed according to the SBA Standard Operating Procedures (SOP) and Sandy Spring Bank credit and risk policies. Major Job Accountabilities <ul><li>Coordinate with the RM on the review of the Application and the renewal process.</li><li>Document preparation and submission for SBA Approval.</li><li>Research and review of client requests.</li><li>Provides support to the following related to SBA guaranteed loans:</li><ul><li>Director of Government Sponsored Banking</li><li>SBA Loan Coordinator and Closing Team Leader</li><li>SBA Relationship Manager(s) </li></ul></ul>Portfolio Administration <ul><li>Follows established policies and procedures to ensure that all SBA Loan applications are processed and serviced in compliance with established SBA policies and procedures. </li><li>Work with SBA TL to revise and expand procedures and job aids as needed.</li><li>Works with clients for required closing requirements and renewal information within established guidelines. </li><li>Maintains the quality of credit files and completes periodic file reviews.</li><li>Completes pre-closing file reviews.</li><li>Processes and monitors new SBA loan requests for Sandy Spring Bank credit decision and prepares SBA Commitment Letter.</li><li>Works in conjunction with LSP in preparation of SBA loan application for submission to SBA.</li><li>Manages SBA loan closing process with assistance from SBA-RM, working closely with SSB Loan Administration and outside counsel to ensure timely and accurate loan closing and disbursement procedures complying with SBA SOP and Bank policies.</li><li>Oversees and reviews policies, procedures, and processes to identify areas to improve efficiencies.</li><li>Works with SBA TL with secondary market loan sales </li></ul>Maintenance and Servicing <ul><li>Maintains distinctive level of client services that meets or exceeds both internal and external client expectations. </li><li>Promptly responds to client questions and requests. </li><li>Works in cooperation with SBA RM, Loan Administration, SBA Portfolio Managers and Business Consultants to resolve questions, complaints, and or errors </li><li>Resolves problems on accounts to the satisfaction of the client and benefit to the company. </li></ul>Portfolio Management Reporting <ul><li>This is all monitored thru nCino Demonstrates an understanding of SBA Guaranteed loan servicing and reporting requirements. </li><li>Assists with Special Assists with SBA related workout and guarantee purchase questions.</li><li>Prepares daily 1502 remittance as needed.</li><li>Prepares monthly 1502 status report and remittance.</li><li>Assists SBA TL with response to audits and collection requests. </li></ul>Required Skills KNOWLEDGE, SKILLS AND ABILITIES: <ul><li>Work requires a broad level of professional experience in a related field with a minimum of 10 years work experience in commercial lending, commercial banking, retail banking, or underwriting. Position requires 5 years’ experience in SBA specialized Lending with a focus in closing SBA7(a); SBA 504; SBA CAP Lines;SBA Express Loans and USDA loans (80% focus).</li><li>System experience with nCino/Sales Force and CAFS/E-Tran preferred.</li><li>Ability to utilize standard PC based software to prepare correspondence, reports and other documents as needed.</li><li>Strong communication skills are needed to effectively work with internal/external clients to explain products and interpret policy.</li><li>Advanced problem-solving skills are needed to find solutions to problems that are technically complex and require collection, interpretation, and analysis of data from diverse sources is required.</li><li>Work is under minimal supervision, where the work requires independent judgment in the interpretation of existing policies and procedures and the selection of alternative work routines. </li></ul>Specific Physical Requirements Work requires reasonable mobility in and around the work area. Ability to use standard computer and phone systems is required. Working Conditions <ul><li>Normal office environment where there is almost no discomfort due to temperature, dust, noise, or other disagreeable elements.</li><li>Work includes little or no potential exposure to hazardous conditions.</li><li>Must be able to travel to remote company and/or client locations. </li></ul>The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. Sandy Spring Bank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. We maintain a drug-free workplace environment. If you require a reasonable accommodation to apply for a position, please call our job line at 1-800-399-5919 and select option 5. Requests are considered on a case-by-case basis. Compensation Information At Sandy Spring Bank, compensation is one part of our total rewards package. Compensation within the range will depend on your skills, qualifications, education, experience, and location. Additionally, full-time and part-time positions may be eligible to participate in department or company-wide incentive plans. Additional Information Sandy Spring Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training. If you require a reasonable accommodation to apply for a position, please call our job line at 1-800-399-5919 and select option 5. Requests are considered on a case-by-case basis. Sandy Spring Bank partners with various job boards to advertise our openings. Please visit our website, www.sandyspringbank.com to confirm the validity of the job posting to avoid any potential fraudulent activity. We encourage and recommend all candidates to apply via our website.

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