Senior SBA Loan Eligibility Specialist

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

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.