SBA Officer

Ocean Bank; Miami (FL); On-site; USD 90,000 - 130,000; Full time

Job summary

Ocean Bank in Miami seeks an SBA Loan Officer to originate, structure, underwrite, close, and service SBA loans. The role requires frequent outside prospecting and relationship-building with businesses, and adherence to SBA, BSA, and bank policies.

You will develop new business, analyze preliminary credit, and manage portfolio performance while coordinating closings and documentation with attorneys and clients.

Qualifications

• 7+ years of banking experience in SBA sales and lending, attracting and servicing customers.
• Travel to meet prospective clients within a designated area is required.
• Strong knowledge of SBA SOP 50 10 8 and SBA program requirements.
• Familiarity with 7(a) and 504 loan programs and regulations.
• Excellent organizational and communication abilities; customer-focused.

Responsibilities

• Source new SBA loan opportunities and expand existing client relationships.
• Coordinate loan origination, underwriting, and closing activities per SBA guidelines.
• Perform preliminary credit analyses and due diligence on loan requests.
• Prepare and present loan documentation and financial statements.
• Maintain portfolio servicing and monitor loan performance and compliance.
• Engage in community networking and bank functions to grow business.

Skills

Organizational skills

Interpersonal skills

Verbal communication

Written communication

Customer service

Sales skills

Leadership

Project management

Education

Associate's degree in Accounting/Finance

Bachelor's degree or equivalent in Accounting/Finance

Tools

MS Office (Excel/Word/PowerPoint/Outlook)

Job description

The SBA Loan Officer is responsible for originating, structuring, underwriting, closing, and servicing SBA loan products. This role requires regular and customary prospecting and meetings with potential and existing customers outside of the Bank. The position supports business growth through relationship development, preliminary credit analysis, portfolio management, and compliance with SBA, BSA, and Bank policies.

Responsibilities

• Develop new business while expanding relationships with existing clients.
• Build and maintain strong client relationships through ongoing in-person, telephone, and email contact.
• Cross-sell Bank products and services that meet customer needs.
• Negotiate loan terms and structures within Bank and SBA guidelines.
• Perform site visits and customer due diligence as required.
• Provide preliminary credit and financial risk analyses for SBA loan requests.
• Manage SBA loan packages through application, underwriting, credit approval, and closing.
• Perform annual reviews for existing lines of credit by obtaining updated borrowers and guarantor financial information.
• Obtain required documentation for SBA loan closings and coordinate or monitor the closing process.
• Provide legal and loan documentation to attorneys throughout origination, maintenance, and closing stages.
• Prepare Personal Financial Statements, Commitment Letters, Waivers, Memoranda, Letters of Intent, and required SBA forms.
• Manage SBA loan portfolio servicing, including monitoring loan performance, payment history, and following up on exceptions.
• Conduct ongoing customer follow-up to ensure compliance with loan terms.
• Prepare reports, presentations, and support internal projects for Senior Management as requested.
• Obtain and maintain documentation required for Know Your Customer (KYC) profiles using X-Pert AML or other Bank-approved systems.
• Ensure all activities comply with SBA regulations, Bank policies, and applicable laws.
• Stay current on SBA products, services, market conditions, local market trends, and competitor offerings.
• Participate in Bank functions and community development activities for networking opportunities.

Education/Experience

• Associate's degree in business fields such as Accounting or Finance, with an established portfolio of banking relationships.

Requirements

• 7+ years of banking experience in products sales and lending related to SBA products, and specifically related to attracting and servicing customers
• Must be able to travel and visit prospective new clients within a designated area to increase depository and loan production/sales goals.
• Must be knowledgeable of SBA Standard Operating Procedures (SOP 50 10 8).
• Must be knowledgeable of 7(a) Loan Program Requirements.
• Must be knowledgeable of 504 Loan Program Regulations.

Combination of education and experience will be considered.

Skills & Competencies

• Must possess excellent organizational, interpersonal, verbal and written communication skills.
• Must be oriented towards providing excellent customer service.
• Must have sales skills and ability to sell various products.
• Must have leadership abilities to lead projects and manage people indirectly; ability to lead and drive initiatives; ability to manage multiple tasks and projects.
• Computer knowledge in MS Office Software (e.g. Excel, Word, Power Point and Outlook).
• Knowledge of banking laws and applicable compliance regulations and on the completion of Know Your Customer (KYC).

Preferences

• Bachelor's Degree or equivalent in a related field of study such as Accounting or Finance.
• 5+ years of banking related experience preferably in SBA product sales and lending with an established portfolio of banking relationships.

Licenses/Certifications

• None

Job Posting Locations

In this role you can work onsite from Miami, Florida, United States