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VP & SBA Note Officer in Los Angeles, California at Us Metro Bank

Salary: $75000 - $95000Job Function: Admin/Clerical/Secretarial
Us Metro Bank
Los Angeles, California, 90010, United States
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Job Description

POSITION OVERVIEW

The SBA Note Officer is responsible for preparing, reviewing, and maintaining SBA loan documentation to ensure compliance with SBA regulations and bank policies. This role supports the end-to-end loan process, from closing to servicing, ensuring accuracy of loan notes and documentation while minimizing risk and maintaining eligibility for SBA guarantees.

POSITION RESPONSIBILITIES

  • Loan generation, funding and boarding
  • Handles charge off, down grade and non-accrual placement
  • Reviews and monitors collateral insurances.
  • Handles general loan servicing for SBA 7a loans
  • Reviews daily loan payment and charge back
  • Monitors tickler report and UCC continuation
  • Reviews participation payment holdover G/L
  • Reviews participation payment submission
  • Handles monthly SBA 1502 report including late payment submission
  • Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti-Money Laundering, Code of Conduct, and etc.). Must complete all required training

SKILLS / QUALIFICATIONS

  • Must be detail oriented
  • Dependable, reliable, and a self-starter with multi-tasking skills.
  • Strong knowledge of SBA SOP guidelines (7(a) and/or 504 programs)
  • Substantial knowledge of loan operation, servicing, and documentation

EDUCATION / EXPERIENCE

  • Bachelor’s degree preferred
  • Minimum Experience: 5+ years’ Lending and Loan Servicing experience.

Job Location

Los Angeles, California, 90010, United States

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