SBA Closing Specialist

First Citizens Bank; North Carolina; Remote; USD 67,250 - 84,970; Full time

Job summary

A financial institution is seeking an SBA Closing Specialist to manage the closing of all Small Business Administration 7(a) loans. The role involves coordinating with internal and external teams to ensure compliance with all relevant policies while resolving any potential closing issues. The ideal candidate will have a background in Credit Administration with knowledge of SBA processes. This full-time position can be performed remotely, offering competitive compensation and a range of benefits.

Qualifications

• Detailed knowledge of SBA loan closing processes.
• Experience in Credit Administration with a focus on small business loans.

Responsibilities

• Coordinates all aspects of the loan closing process.
• Resolves pending closing conditions with Bank closing counsel.
• Performs pre-closing audits of submitted documents.
• Completes quality checks of loan packages.

Skills

Detailed knowledge of loan closing documentation and requirements

Proficiency with computers, software, applications

Education

Bachelor's Degree and 4 years of experience in Credit Administration

High School Diploma or GED and 8 years of experience in Credit Administration

Job description

Overview

This position is responsible for closing of all Small Business Administration (SBA) 7(a) loans in compliance with company and SBA policy. Reviews loan documentation to identify and resolve potential problems in the closing process, ensuring that all pre-closing requirements are satisfied. Coordinates internal loan team and necessary external professionals, and communicates directly with client and Bank closing counsel to resolve open closing conditions. Supports accurate, efficient loan closing to achieve department goals and profitability objectives.

Responsibilities

• Loan Closing - Coordinates all aspects of the loan closing process while ensuring compliance with SBA policies and procedures. Coordinates necessary parties in order to accurately and successfully complete the process.
• Loan Support - Resolves any pending closing conditions by engaging with Bank closing counsel. Ensures that pre-closing requirements are satisfied in accordance with appropriate standards. Assembles and reviews due diligence, and ensures that included documentation is satisfactory to the Bank.
• Auditing - Performs pre‑closing audits of all submitted documents and conditions to ensure SBA eligibility.
• Quality Control - Completes quality checks of loan packages, document deficiencies, and resolves exceptions with customers and bankers.

Qualifications

Bachelor's Degree and 4 years of experience in Credit Administration with Small Business Administration servicing, closing, or underwriting OR High School Diploma or GED and 8 years of experience in Credit Administration with Small Business Administration servicing, closing, or underwriting.

• Required Skills: Detailed knowledge of loan closing documentation and requirements, proficiency with computers, software, applications, and applicable mainframe systems.
• Preferred Qualifications: Knowledge of the Small Business Administration processes and procedures.

Benefits

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Seniority Level

Not Applicable

Employment Type

Full-time

Job Function

Finance and Sales

Industry

Banking and Financial Services

Position

SBA Closing Specialist- CBG Operations (Remote Opportunity)

Location: Charlotte, NC

Salary: $67,250.00-$84,970.00

Posted 1 week ago