SBA Eligibility Review Officer III

Huntington; Chicago (IL); Vor Ort; USD 70.000 - 140.000; Vollzeit

Benefits dieser Stelle

Health insurance coverage

Wellness program

Life and disability insurance

Retirement savings plan

Paid leave programs

Paid holidays

Paid time off (PTO)

Zusammenfassung

Huntington is seeking an SBA Eligibility Review Officer III in the Chicago area to review SBA and USDA guaranteed loans for proper structure and closing compliance. You will serve as a subject matter expert, guiding sales, underwriting, and closing teams across markets to ensure eligibility and risk controls.

You will manage an advanced pipeline up to $5 million, assess borrower and guarantor eligibility, prepare loan documentation, and communicate decisions with clarity while maintaining strict

Qualifikationen

• Bachelor’s Degree and 5 years SBA/USDA lending/due diligence experience or 7 years direct SBA/USDA lending/due diligence experience.
• Knowledge of SBA Standard Operating Procedures (SOP).
• Ability to clearly document and communicate eligibility conditions to close in accordance with SBA SOP.
• Ability to work in a fast-paced production environment.
• Strong organizational skills, attention to detail, and the ability to multi-task.
• Knowledge of SBA/USDA loan programs.

Aufgaben

• Serve as SME in SBA Servicing procedures and act as a consultant on government guaranteed loan programs to sales, underwriting, and closing colleagues.
• Maintains an individual pipeline of work, with loans up to $5 million.
• Assess eligibility of borrower(s), co-borrower(s), guarantor(s) ensuring SBA guarantee can be enforced.
• Interface with SBA Sales and Operations to communicate eligibility decisions and reasoning.
• Review use of proceeds, prepare SBA Loan Authorization and other SBA forms to ensure compliance with SBA/USDA requirements.
• Review reports to confirm terms/conditions of SBA credit approvals are met.
• May advise FRG colleagues on working out, liquidating, and litigating SBA loans.
• May train and mentor new hires and support SBA ERO I & II job families.

Kenntnisse

SBA/USDA lending

Due diligence

Financial analysis

Excellent communication

Ausbildung

Bachelor's degree

Tools

Excel

Word

Outlook

AFS

Velocity

Jobbeschreibung

Description Summary

The SBA Eligibility Review Officer III is responsible for reviewing SBA & USDA guaranteed business loans to determine proper structure and ensure loan closes in accordance with SBA & USDA eligibility requirements.

Duties and Responsibilities

• Serves as the subject matter expert in SBA Servicing procedures and acts as a consultant on government guaranteed loan programs to sales, underwriting, and closing colleagues throughout the HNB markets.
• Maintains an individual pipeline of work, with loans typically of advanced complexity and customer exposure up to $5 million.
• Appropriately assess eligibility of borrower(s), co-borrower(s), guarantor(s) assuring that, if needed, the SBA guarantee can be enforced.
• Interacts with the internal SBA Sales and Operations colleagues to facilitate understanding of the SBA and USDA guaranteed loan programs as well as to understand the credit request, obtain necessary eligibility information, and communicate eligibility decision and reasoning.
• Reviews use of proceeds, orders SBA Number, prepares SBA Loan Authorization and other SBA forms and is responsible for ensuring the loan meets all SBA/USDA requirements.
• Reviews all reports and information received with respect to SBA/USDA eligibility requirements to determine if terms and conditions of the SBA credit approval will be met.
• This includes review of franchise agreements, purchase agreements, bank notes, and business plans.
• Researches and resolves complex servicing questions from the SBA and internal personal to ensure the guaranty can be maintained.
• May be asked to advise Financial Recovery Group (FRG)) colleagues in properly working out, liquidating, and litigating SBA loans.
• May also be required to submit final wrap up reports to the SBA once resolution has been made.
• May serve as main point of contact to commercial loan servicing colleagues to ensure proper accounting and reporting of all SBA loans (1502 Report).
• Assists with training and mentoring new hires as well as providing support for the SBA ERO I & SBA ERO II job families.
• Performs other tasks as needed to support the line of business and job family.
• Other duties as assigned.

Basic Qualifications

• Bachelor’s Degree and 5 years of HNB SBA/USDA lending/due diligence experience or a minimum of 7 years of direct SBA/USDA lending/due diligence experience.

Preferred Qualifications

• Bachelor’s Degree in Finance, Accounting, Business or Economics.
• Knowledge of the SBA Standard Operating Procedures (SOP).
• Ability to clearly document and communicate eligibility conditions to close in accordance with the SBA Standard Operating Procedures.
• Ability to work in a fast-paced production environment.
• Strong organizational skills, attention to detail, and the ability to multi-task.
• Demonstrates confidence, assertiveness, professionalism, and ability to interact with all levels within the organization in a professional manner.
• Knowledge of SBA/USDA loan programs.
• TSoft and SBA Etran experience are preferred.
• Excellent PC skills to include Excel, Word, Outlook, AFS and Velocity.
• Excellent verbal and written communications skills to effectively provide exceptional customer service to both internal and external customers.
• Excellent analytical skills along with the ability to write in a concise, logical manner to clearly document transaction risks and mitigants.

Exempt Status

• (Yes = not eligible for overtime pay) (No = eligible for overtime pay) Yes

Workplace Type

• Office

Our Approach to Office

• Certain positions outside our branch network may be eligible for a flexible work arrangement.
• We’re combining the best of both worlds: in-office and work from home.
• Our approach enables our teams to deepen connections, maintain a strong community, and do their best work.
• Remote roles will also have the opportunity to come together in our offices for moments that matter.
• Specific work arrangements will be provided by the hiring team.

Compensation Range

$70,000 - $140,000 Annual Salary

The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education.

Colleagues in this position are also eligible to participate in an applicable incentive compensation plan.

Benefits

• Health insurance coverage
• Wellness program
• Life and disability insurance
• Retirement savings plan
• Paid leave programs
• Paid holidays
• Paid time off (PTO)

Equal Opportunity Employer

Huntington is an Equal Opportunity Employer.

Welcome to Huntington!

At Huntington, we look out for people. From reinventing banking with game-changing innovations to building an internal culture that creates lifelong bonds, together, we can make people’s lives better. And amazing things happen when we look out for each other. We prove it every day. Whether it’s helping a colleague or collaborating on a new tool that will revolutionize the way we save money, our actions can have a huge impact. Our colleagues look out for people with a Can-Do Attitude, Service Heart and Forward Thinking. Those are our values-simple but powerful. Each of them pushes us do the right thing, to do right by people. Because people are what matter.

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Reasonable Accommodations Various methods will be used throughout the recruitment process to verify candidate authenticity. Any interviews conducted virtually must be joined from a distraction-free environment, with the candidate on camera and without the use of virtual backgrounds.