Small Business Loan Specialist

Quontic Bank; Seattle (WA); On-site; USD 55,000 - 70,000; Full time

Benefits offered by this job

Bonus programs

Health insurance

Life and AD&D insurance

Paid time off

Tuition Reimbursement

Job summary

Quontic Bank in Seattle, WA is seeking a Small Business Loan Specialist. The role involves supporting Small Business Express loans and SBA loans, ensuring compliance with regulations, and maintaining operational controls.

The ideal candidate will have 1-3 years of relevant experience and strong multitasking skills. The job includes processing loans, quality control, and serving as a resource for teammates.

Benefits include a 7% 401(k) match, health insurance, and tuition reimbursement.

Qualifications

• 1-3+ years of experience in commercial or consumer loan processing.
• Experience working with loan documentation systems is valuable.
• Effective communication for coordinating with SBA and internal teams.

Responsibilities

• Ensure adherence to bank policies and Federal regulations.
• Handle quality control issues and provide policy-compliant solutions.
• Maintain loan files with accurate documentation and record-keeping.

Skills

Multitasking

Detail-oriented

Excellent communication

Knowledge of bank policies

Proficiency in LOS and office software

Education

High School Diploma

Tools

Loan Origination Systems (LOS)

Microsoft Office Suite (Word, Excel, Outlook)

Job description

Job Highlights

• Title: Small Business Loan Specialist
• Type: Full Time
• Experience: 1-3 Years
• Function: Lending
• Location: Seattle, WA, United States
• Company: WaFd Bank

Company Profile

WaFd Bank (Washington Federal Bank) is a national bank. It provides straightforward banking solutions and helps to build healthy and thriving communities.

Job Profile

The bank is looking for a Small Business Loan Specialist who will support the Small Business Express loans and SBA loans.

Responsible for ensuring Small Business Express loans from our branches are processed, closed, and QC accurately.

Additionally, for SBA loans, provide consistent communication with SBA, fulfilment of SBA requests, and coordination with teammates to meet these needs. The responsibilities include tasks within multiple workflows and systems, including the maintenance of operational controls that satisfy all Company Policy, procedures, and regulations.

Education Level

• High School Diploma, on-the-job training, and ongoing education

Work Experience

• 1-3+ years of experience in commercial or consumer loan processing, closing, or underwriting; banking or financial services.
• Experience working with loan documentation systems and workflow tools is also valuable.

Duties/Responsibilities

• Adhere to and ensure adherence to bank policies and procedures designed to comply with Federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act, and OFAC regulations.
• Avoid all real or perceived conflicts of interest and always maintain client privacy and confidentiality.
• Complete and pass all assigned eLearning courses and certifications as required.
• Ongoing education: Stay current with industry trends, SBA regulations, and bond lending best practices through continuous education, training, and professional development opportunities as provided by the department and bank.
• Problem Resolution: Handle complex quality control issues and situations, providing solutions that align with policy and regulatory requirements.
• Process Updates: Promptly review changes in policies, procedures, and regulations to ensure processes are being completed accurately.
• Regulatory Compliance: Follow established processes and standards to comply with relevant regulations and company policies.
• Resource Expertise: Serve as a key resource for teammates and other departments, providing guidance and information on small business and SBA lending.
• SBA Origination and Servicing: Accurately execute maintenance of loan files, including documentation and record-keeping, following regulations and organizational standards.
• Small Business Express Processing and Support: Process, document, close, and provide quality control assistance on our Small Business Express product that is generated by our Business Banking branches
• Timely Processing: Oversee the efficient and accurate processing of small business and SBA requisitions and related tasks.
• To that end, ensure timely and accurate preparation of Currency Transaction Reports, Suspicious Activity Reports, and other recordkeeping requirements.

Skills/Knowledge/Abilities

• Ability to multitask and manage multiple loans and processes at once
• Detail-oriented with strong organizational and time management skills
• Excellent communication skills, especially for coordinating between SBA, internal teams, and possibly clients
• Knowledge of bank policies, regulations, and compliance requirements
• Proficiency with systems like LOS (Loan Origination Systems), and general office software (Word, Excel, Outlook)
• Understanding of loan documentation, funding, closing, and quality control

Benefits/Perks

• Bonus programs
• Employee assistance programs
• Generous 7% 401(k) employer matching
• Health insurance
• Life and AD&D insurance
• Long-term disability
• Paid Parental Leave
• Paid time off for vacation, sick days, and holidays
• Pre-tax health and dependent-care spending plans
• Stock options
• Tuition Reimbursement

Employer’s Statement

WaFd Bank is an Equal Opportunity Employer.