Portfolio Manager, Commercial Lending & SBA 504

Dollar Bank, FSB; Virginia Beach (VA); On-site; USD 69,000 - 86,000; Full time

Job summary

Dollar Bank, FSB in Virginia Beach is seeking a Portfolio Manager to oversee assigned Business Banking loan portfolios, support servicing and growth, and coordinate closings and funding. The role emphasizes independent judgment and proactive resolution of client and portfolio issues.

Qualified candidates have 3 years of commercial loan portfolio administration experience and knowledge of SBA lending programs. Strong communication, organization, and detail orientation are essential.

Qualifications

• 3 years of commercial loan portfolio administration experience.
• Knowledge of commercial lending products, credit administration practices, loan documentation requirements, and portfolio management processes.
• Experience coordinating commercial loan closings, modifications, renewals, and construction loan funding activities.
• Knowledge of SBA lending programs, including SBA 504 loan structures, eligibility requirements, closing processes, and servicing requirements.

Responsibilities

• Manage assigned Business Banking loan portfolios, supporting servicing, maintenance, growth, retention, and relationship management.
• Create and maintain credit files; compile information for renewal or review of credit facilities.
• Assist in completing loan administration reviews, proposals, and modifications; perform due diligence including appraisals, environmental reports, title work, lien searches, and flood determinations.
• Prepare loan documents and system worksheets, establish and service accounts, and obtain post-closing documentation.
• Coordinate commercial construction and SBA 504 loan closings, advances, and funding with borrowers, CDC processors, attorneys, title companies, internal teams, and other parties; review project budget, inspection reports, lien waivers, title updates and draw documentation.
• Monitor insurance, documentation and financial statement exceptions, general ledger activity, and other servicing requirements.
• Complete routine correspondence and other assigned duties.

Skills

Portfolio management

SBA lending knowledge

Communication skills

Detail oriented

MS Word & Excel

Independent worker

Education

High school diploma

College degree preferred

Tools

Loan documentation software

Job description

Dollar Bank, FSB in Virginia Beach is seeking a Portfolio Manager to oversee assigned Business Banking loan portfolios, support servicing and growth, and coordinate closings and funding. The role emphasizes independent judgment and proactive resolution of client and portfolio issues.

Qualified candidates have 3 years of commercial loan portfolio administration experience and knowledge of SBA lending programs. Strong communication, organization, and detail orientation are essential.