SBA Closing Specialist

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic?  If yes, come join our team At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success.  We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.

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GENERAL SUMMARY

Responsible for supporting all functions of SBA lending, including loan packaging, closing and post-closing process, and ensuring compliance with SBA rules and regulations. 

ESSENTIAL FUNCTIONS

• Prepares SBA application documents and submission to SBA for approval (GP and PLP submission). 
• Collects and reviews documents required for closing.
• Prepares SBA packaging documents.
• Prepares and maintains loan files through to loan closing.
• Maintain GFD account and make payment for the SBA Guaranty Fee and SBA Participation Fee.
• Upload all necessary documents to nCino for Loan Doc Preparation and funding.
• Works closely with escrow, title, marketing and loan administration personnel to ensure timely and efficient loan closing.
• Prepares various monthly reports.
• Assists in payment of referral fees and associated vendor fees such as appraisal, environmental, title fee, etc.  
• Collect daily incoming mail for distribution.
• Orders and maintains office supplies.
• Interact with clients to assist in collecting necessary information for loan closing. 
• Assists in operational duties of the division, including secondary market sales.
• Follows policies and procedures; completes tasks correctly and on time; supports the company's goals and values.
• Perform duties specific to the position and other functions as assigned.

QUALIFICATIONS

• Education:  College degree in accounting, finance, or business preferred but not mandatory.
• Experience: Minimum one year in banking, lending, accounting/bookkeeping, or related experience.   
• Skills/Ability: PC proficient and detail oriented.  Strong verbal and written communication skills. Bilingual (English/Mandarin or Cantonese) is a plus. 

OTHER DETAILS

$20.19 – $24.04 / hour
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k). 

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy.

Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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Cathay Bank endeavors to make www.CathayBank.comaccessible to any and all users.  If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at or   This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

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