SBA Loan Manager - Hybrid Role
Coastal Business Finance is a private, non-profit corporation, licensed and certified by the U.S. Small Business Administration to provide low-cost, long-term SBA loans to assist eligible small businesses in California.
The SBA Loan Manager will provide oversight and administration of the daily CDC operations of the Santa Maria facility, while ensuring staff and operations are in compliance with SBA 504 Loan Program requirements. This individual will report to a 9-member Board of Directors with meetings at least once a quarter. The ideal candidate will have credit analysis / underwriting experience, knowledge of SBA eligibility, new business development experience, as well as current CDC oversight procedures and guidelines. We offer the opportunity to be part of a small, close-knit and highly collaborative team of seasoned lending professionals, in a casual work environment, while being able to expand his/her knowledge and expertise of the industry.
Duties / Responsibilities:
Generate, process and close SBA-guaranteed loans;
Perform various aspects of financial analysis for the Board of Directors and produce related reports thereof;
Prepare annual budget and approval in conjunction with external CPA Audit review;
Schedule and attend quarterly meetings involving portfolio status, SBA oversight issues, financial and loan pipeline review;
Work closely with commercial banks in targeting marketing strategies and managing all new loans from application to funding; promote quality loan production and maintain our integrity as an SBA certified lender;
Build new and maintain high standards for established relationships, while helping to grow the loan portfolio;
Provide financial analysis of loan applicants, assess risk and recommend approval or declination;
Work in conjunction with loan processors and closing analysts to produce approved and funded loan packages;
Maintain responsibility for assisting in SBA servicing and liquidation requests and communicate process with all concerned parties in maintaining the loan guaranty through the life of the loans;
Stay current on the loans, processes and programs offered by the SBA and ensure that revised and updated information is incorporated into the process accordingly;
Perform various aspects of financial analysis for the Board of Directors and produce related reports thereof.
Bachelor’s Degree in Finance, Business Administration, or related discipline;
Previously related managerial experience;
SBA loan experience, including knowledge of related governing laws and regulations required; Proficiency in credit analysis / underwriting, debt refinance and related regulations, affiliate determination and loan size standards;
Computer savvy and proficient in the Microsoft office suite of products;
Astute oral and written communication and interpersonal skills:
Maintain exceptional time management, organizational, multi-tasking, customer service, attention to detail and follow-through standards.
8:00AM – 5:00PM Monday through Friday
$100K - $115K DOE for this full-time, exempt position
3 weeks paid vacation during the 1st year of employment on an accrual basis:
2 weeks paid sick time annually on an accrual basis;
401(K) with an annual 3% employer match;
Medical (Anthem Gold Plan), dental and vision premiums paid 100% for the employee;
$25K life insurance for employee.
Santa Maria, CA – Hybrid Position