SBA Lending Specialist

2 weeks ago


Los Angeles, California, United States Commonwealth Business Bank Full time
Job Overview

SUMMARY

This role requires adherence to the policies and procedures of Commonwealth Business Bank while ensuring compliance with all applicable State and Federal banking regulations. This includes, but is not limited to, the Sarbanes-Oxley Act, Bank Secrecy Act, Anti-Money Laundering regulations, OFAC, and the USA Patriot Act. The individual in this position is responsible for identifying and reporting any suspicious activities in accordance with BSA guidelines.

POSITION SUMMARY

The SBA Lending Specialist is tasked with underwriting and processing new loan applications.

KEY RESPONSIBILITIES

  • Ensure the accuracy and completeness of all information, adhering strictly to established guidelines, policies, and regulations.
  • Develop financial spreadsheets to analyze, structure, and underwrite loans effectively.
  • Manage the loan origination process from application through to closing, collaborating closely with Escrow, Title, and all involved parties.
  • Monitor and report on loan delinquencies.
  • Prepare compliance reports related to loans.
  • Timely collection of financial updates from clients.
  • Conduct site visits as necessary.
  • Maintain relationships with both new and existing clients.
  • Fully comply with all bank policies and regulatory requirements, including the completion of mandatory training.

SKILLS AND QUALIFICATIONS

  • Proficient understanding of credit analysis.
  • Ability to manage multiple loan applications simultaneously.
  • Strong time management skills.
  • Familiarity with Microsoft Office Suite.
  • Excellent written and verbal communication skills, with a keen attention to detail.

EDUCATION AND EXPERIENCE

  • A Bachelor's degree from an accredited four-year university.
  • A minimum of three years of experience in SBA lending.

Commonwealth Business Bank offers a competitive total rewards package, which includes Medical, Dental, Vision, and Life Insurance, a 401k retirement savings plan, and paid federal holidays. The annual salary range for this full-time position is between $55,000 and $75,000, determined based on qualifications, experience, and location.

Applicants must be authorized to work in the United States.

Commonwealth Business Bank is an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.



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