SBA Funding Operations Lead

Beacon Bank; Center Square (PA); On-site; USD 29,687 - 50,461; Full time

Job summary

Beacon Bank is seeking an SBA funding specialist to mentor and train loan documentation and boarding staff, with subject matter expertise across the SBA funding process from initial to final disbursement.

You will manage disbursement workflow, prepare documentation for commercial small business loan closings and modifications, and ensure compliance with loan policy while coordinating with closing staff and core systems.

Qualifications

• Associate degree preferred or equivalent work experience.
• 5 years’ banking experience, lending experience preferred.
• Training/mentor experience preferred.
• Paralegal experience preferred.

Responsibilities

• Mentors and helps train LOB staff in procedures for disbursement/funding/QC of the SBA loan process. Manages daily funding/disbursement workflow of entire team.
• Interacts with LOB closing staff for transition of an applicant file (loan commitment) to asset (booked loan). Reviews documentation for key elements to ensure boarding procedures and data are available for upload to core systems. Prepares Laser Pro documents and supplemental documentation as needed for SBA small loans and modifications.
• Assists in loan fundings, pays referral fees and SBA Guaranty Fees, prepares wires and checks and edits documents as required. inputs loan information to the core system; enters collateral and ticklers for future follow-up to preserve collateral position.
• Prepares loan modifications and processes maintenance on the core system, prepares manual bills, and calculates interest accruals.
• Prepare and catalog documentation for off-site retention.
• Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties.

Skills

MS Office

Communication

Core systems understanding

Multitasking

Organizational skills

Education

Associate degree

Tools

Microsoft Word

Excel

Job description

Beacon Bank is seeking an SBA funding specialist to mentor and train loan documentation and boarding staff, with subject matter expertise across the SBA funding process from initial to final disbursement.

You will manage disbursement workflow, prepare documentation for commercial small business loan closings and modifications, and ensure compliance with loan policy while coordinating with closing staff and core systems.