SBA Senior Disbursement Coordinator

FIRST BANK OF THE LAKE

Osage Beach (MO)

Remote

USD 85,000 - 110,000

Full time

8 days ago

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Benefits offered by this job

401(k)

401(k) matching

Health insurance

Dental insurance

Life insurance

Paid time off

Vision insurance

Short- and Long-term disability

Company-paid holidays

Job summary

First Bank of the Lake is seeking a Senior SBA Construction Disbursement Coordinator in Missouri to oversee the most complex construction and multi-advance disbursements from loan close through final disbursement, ensuring timely processing and regulatory compliance.

You will review draw requests, monitor budgets, coordinate inspections, and maintain accurate documentation while advising borrowers and internal partners.

Qualifications

3-5 years in construction lending or related banking environment
Experience with government-guaranteed loan programs preferred
Basic understanding of loan documentation and closing processes
Demonstrated ability to coordinate complex transactions and compliance

Responsibilities

Manage complex construction & multi-advance disbursements from closing to final disbursement
Review draw requests and validate documentation
Monitor budgets, equity contributions, and project progress
Order and track inspections, title endorsements, insurance docs
Ensure SBA requirements and bank policies are followed
Maintain audit-ready loan files and systems data
Provide guidance and coaching to junior staff
Collaborate with borrowers, contractors, and internal partners
Support policy, process improvements and training

Skills

SBA lending knowledge

Disbursement coordination

Budget monitoring

Documentation & compliance

Communication skills

Team mentorship

Microsoft Office

Loan systems (nCino)

Education

High school diploma or GED

Bachelor’s degree preferred

Tools

nCino

LaserPro

Fiserv

Job description

Summary:

The Senior SBA Construction Disbursement Coordinator is responsible for managing the department's most complex construction and multi-advance disbursements for SBA, other government-guaranteed, and occasional conventional loan products from loan closing through final disbursement. This role ensures the timely and accurate processing of draws, maintenance of loan documentation, monitoring of project budgets, and compliance with applicable regulatory requirements, bank policies, and internal procedures. The position serves as a senior resource to the team, providing guidance on complex transactions, supporting exception resolution, and assisting with quality control, while working closely with borrowers, contractors, vendors, and internal stakeholders to support successful project funding and disbursement.

Job Functions:

Manage the department's most complex construction and multi-advance disbursements for SBA, other government-guaranteed, and conventional loans from loan closing through final disbursement.
Review and process draw requests, validating supporting documentation, invoices, lien waivers, inspections, and budget allocations.
Monitor construction budgets, equity contributions, and project progress to ensure alignment with approved loan terms.
Order, review, and track third-party inspections, title endorsements, insurance requirements, and other documentation necessary to support disbursements.
Evaluate contractor information and supporting documentation to ensure compliance with bank and SBA requirements.
Collaborate with borrowers, contractors, title companies, attorneys, and internal business partners to resolve documentation deficiencies, disbursement issues, and project-related concerns.
Ensure all disbursement activities comply with SBA requirements, regulatory guidelines, and internal policies and procedures.
Maintain complete, accurate, and audit-ready loan files and servicing records.
Input and maintain accurate loan, collateral, and disbursement information within applicable systems.
Communicate loan status, funding requirements, draw schedules, and outstanding items with internal and external stakeholders.
Serve as a senior resource and point of escalation for SBA Disbursement Coordinators, providing guidance on draw requests, documentation requirements, exception scenarios, and construction-related matters.
Provide training, mentoring, and day-to-day coaching to team members, supporting onboarding, knowledge development, and adherence to departmental procedures and best practices.
Collaborate with the SBA Construction Team Lead and department managers to support workload balancing, pipeline management, team development, and departmental objectives.
Assist with quality control reviews, exception resolution, and remediation of documentation deficiencies to ensure compliance with SBA requirements, bank policies, and internal procedures.
Identify operational and compliance risks and collaborate with the SBA Construction Team Lead and management to implement process improvements, workflow enhancements, and procedural updates.
Provide operational support and team coverage during periods of increased volume, staff absences, or other business needs.
Participate in departmental initiatives, including policy and procedure development, system enhancements, workflow documentation, audit support, and other strategic projects.
Perform other duties and special projects as assigned.

Education/Experience:

3-5 years of experience in construction lending, commercial lending, loan servicing, or a related banking environment
Experience working with government-guaranteed loan programs or regulated lending environments preferred
High school diploma or GED required; bachelor’s degree in business administration, Finance, Accounting, or related field preferred, or an equivalent combination of education and experience
Demonstrated exposure to loan documentation, closing processes, or construction project coordination

Skills and Competencies:

Strong knowledge of SBA lending programs, procedures, and regulatory requirements.
Developing understanding of construction budgets, Uses of Proceeds, and loan structure alignment
Foundational knowledge of business financial statements and commercial credit factors
Ability to identify issues and with supporting analysis
Strong organizational and time management skills with ability to manage multiple deadlines
Effective written and verbal communication skills across internal and external stakeholders
Proficiency in Microsoft Office; experience with loan systems (nCino, LaserPro, Fiserv) preferred
Demonstrates initiative, curiosity, and a willingness to learn and grow within SBA/USDA lending
Must complete all required training, including Bank Secrecy Act/Anti-money Laundering training, suitable to their position within the bank

Physical Requirements:

Prolonged periods sitting at a desk and working on a computer.
Must be able to lift up to 25 pounds at times.

Work Arrangement:

This position is remote.
Occasional travel may be required for training or meetings.

EEO Statement:

We are an equal-opportunity employer. All qualified applicants will receive consideration for employment regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status, or any other protected category. All offers of employment shall be subject to the successful completion of all pre-employment screenings, verifications, and processes. Failure to comply with these processes or failure to successfully pass all phases of the pre-employment screening will result in a withdrawal of the employment offer.

Other Duties:

Please note that this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, obligations, and activities may change at any time, with or without notice.

Compensation is based on geographic location and individual pay decisions will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.

Benefits: