Senior SBA Eligibility Coordinator

Fifth Third Bank; Cincinnati (OH); On-site; USD 71,000 - 146,000; Full time

Job summary

Fifth Third Bank is seeking a Senior SBA Eligibility Coordinator to oversee the approval and closing of large, complex SBA and other government guaranteed loans (7(a), Express, 504, USDA). You will prepare documentation, monitor status, and support closings in line with bank policies and SBA requirements.

This role requires a bachelor’s degree in accounting, finance, or economics, at least five years in SBA packaging and closing, and solid knowledge of SBA regulations.

Qualifications

• Bachelor's degree in accounting, finance or economics or equivalent experience.
• Minimum 5 years of packaging and closing experience in the SBA industry.
• Extensive knowledge of the SBA (Small Business Administration) regulations.
• Proficient in basic software applications such as Microsoft Word and Excel.

Responsibilities

• Supports the SBA lending Specialist Team Lead in the processing of SBA loans for agency (SBA) approval and loan closing for larger, more complex loans.
• Assist the SBA Lending Specialist Team Lead in forming policies and procedures for approving and closing SBA loans in order to minimize the risk of guaranty repairs and denials within the portfolio.
• Collaborate with internal partners to identify areas of improvement and loan process efficiencies to make recommendations to the SBA Manager.
• Provide periodic training to internal partners such as Middle Office on SBA and alternative lending products.
• Approve assigned loans for agency (SBA) approval within designated PLP authority, as well as loans assigned to GGL Loan.

Skills

SBA regulations

Education

Bachelor's degree in accounting, finance or economics

Tools

Microsoft Word

Microsoft Excel

Job description

Make banking a Fifth Third better®

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

Make banking a Fifth Third better®

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. Sr. SBA Eligibility Coordinator is responsible for coordinating the approval and closing of larger, more complex SBA and other government guaranteed loans, including SBA 7a, Express, & 504 programs, USDA, and certain state collateral enhancement programs (SSBCI). The Sr. SBA Eligibility Coordinator shall ensure assigned loans are processed in accordance with established policies and procedures including but not limited to packaging proposed credit requests for agency (SBA) approval, loan closing and funding, and maintaining well organized loan files for internal and external audits. Prepares documentation required for the processing of SBA loans, reviews status of assigned loans to ensure progress is made on a timely basis, and assists SBA Specialists in loan closings. Maintains the U.S. Small Business Loan Portfolio for the Bank, including reporting requirements to specific agencies. Responsible for the collection of required borrower information and packaging the loans to conform with U.S. Small Business Administration standard operating procedures as well as with the Bank's policies and regulatory compliance, all within established timelines. Be an educational resource for Financial Center Managers and Business Banking Relationship Managers concerning all aspects of the SBA Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Essential Duties & Responsibilities

• Supports the SBA lending Specialist Team Lead in the processing of SBA loans for agency (SBA) approval and loan closing for larger, more complex loans.
• Assist the SBA Lending Specialist Team Lead in forming policies and procedures for approving and closing SBA loans in order to minimize the risk of guaranty repairs and denials within the portfolio.
• Collaborate with internal partners to identify areas of improvement and loan process efficiencies in order to make
• recommendations to the SBA Manager.
• Provide periodic training to internal partners such as Middle Office on SBA and alternative lending products.
• Approve assigned loans for agency (SBA) approval within designated PLP authority, as well as loans assigned to GGL Loan
• Utilize LOB Playbook to be a trusted advisor to our clients resulting in strong client experience (internally and externally) retention/penetration and One Bank execution.
• Interface directly with borrowers who have been approved for SBA loans and secure customer acceptance of terms and conditions.
• Assist SBA 7A Loan Coordinator team members with technical assistance as it relates to program eligibility, compliance with policies and procedures, and closing and funding loans.
• Reviews and approves documentation submitted by the customer for compliance with SBA program requirements such as equity injections, verification of eligible use of loan proceeds such as SBA refinancing rules, lease agreements and landlord waivers, and other eligibility requirements.
• Completes all requirements of application packaging and closing requirements for assigned loans, including preparation, review, documentation and filing.
• Responsible for the preparation of the SBA Authorization on loans approved within the Bank's PLP authority, as well as ensuring all Authorization requirements have been met prior to loan closing.
• Coordinates the packaging and approval of SBA and other government guaranteed loans in conformance with SBA, USDA, and state specific standard operating procedures.
• Ensures assigned loans are closed and funded according to SBA guidelines as well as Bank's internal loan policies.
• Ensures that loans are processed according to outlined procedures for 1502 reporting.
• Ensures proper payment of guaranty fee to the U.S. SBA.
• Develops a working knowledge of all customers, businesses, and prospect opportunities.
• Responsible for all SBA loan document preparation including third party document coordination, completion and review.
• Collects and reviews all required collateral information.
• Maintain reporting on assigned loans regarding loan status, actions taken in loan processing, outstanding items needed for approval and/or loan closing, while offering solutions to clear obstacles in loan processing to meet customer deadlines.
• Other duties as assigned.

SUPERVISORY RESPONSIBILITIES: None

Minimum Knowledge, Skills And Abilities Required

• Bachelor's degree in accounting, finance or economics or equivalent experience.
• Minimum 5 years of packaging and closing experience in the SBA industry.
• Extensive knowledge of the SBA (Small Business Administration) regulations.
• Proficient in basic software applications such as Microsoft Word and Excel.

Senior SBA Eligibility Coordinator

Total Base Pay Range 71,100.00 - 145,900.00 USD Annual

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Virtual, Ohio 00000

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.