[Hiring] Senior SBA Eligibility Coordinator @Fifth Third Bank

Role Description

The Sr. SBA Eligibility Coordinator is responsible for coordinating the approval and closing of larger, more complex SBA and other government guaranteed loans, including SBA 7a, Express, & 504 programs, USDA, and certain state collateral enhancement programs (SSBCI). The role includes:

• Ensuring assigned loans are processed in accordance with established policies and procedures.
• Packaging proposed credit requests for agency (SBA) approval, loan closing, and funding.
• Maintaining well-organized loan files for internal and external audits.
• Preparing documentation required for the processing of SBA loans.
• Reviewing status of assigned loans to ensure timely progress.
• Assisting SBA Specialists in loan closings.
• Maintaining the U.S. Small Business Loan Portfolio for the Bank, including reporting requirements to specific agencies.
• Collecting required borrower information and packaging loans to conform with U.S. Small Business Administration standard operating procedures.
• Being an educational resource for Financial Center Managers and Business Banking Relationship Managers concerning all aspects of the SBA.
• Responsible and accountable for risk by exchanging ideas and opinions, elevating concerns, and following policies and procedures.
• Ensuring actions and behaviors drive a positive customer experience.
• Identifying, assessing, managing, monitoring, and reporting risks of all types.

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.

Requirements

• Supports the SBA lending Specialist Team Lead in processing SBA loans for agency (SBA) approval and loan closing.
• Assists in forming policies and procedures for approving and closing SBA loans.
• Collaborates with internal partners to identify areas of improvement and loan process efficiencies.
• Provides periodic training to internal partners on SBA and alternative lending products.
• Approves assigned loans for agency (SBA) approval within designated PLP authority.
• Interfaces directly with borrowers who have been approved for SBA loans.
• Assists SBA 7A Loan Coordinator team members with technical assistance.
• Reviews and approves documentation submitted by customers for compliance with SBA program requirements.
• Completes all requirements of application packaging and closing for assigned loans.
• Responsible for the preparation of the SBA Authorization on loans approved within the Bank's PLP authority.
• Coordinates the packaging and approval of SBA and other government guaranteed loans.
• Ensures assigned loans are closed and funded according to SBA guidelines.
• Ensures that loans are processed according to outlined procedures for 1502 reporting.
• Ensures proper payment of guaranty fee to the U.S. SBA.
• Develops a working knowledge of all customers, businesses, and prospect opportunities.
• Responsible for all SBA loan document preparation including third-party document coordination.
• Collects and reviews all required collateral information.
• Maintains reporting on assigned loans regarding loan status and actions taken in loan processing.
• Offers solutions to clear obstacles in loan processing to meet customer deadlines.
• Other duties as assigned.

Benefits

• Total Base Pay Range: 71,100.00 - 145,900.00 USD Annual.
• Eligible to participate in an incentive compensation plan based on performance.
• Comprehensive benefits programs designed to support the individual needs of employees and their families.