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SBA Portfolio Manager

POSITION SUMMARY

Under general direction, this position’s primary responsibilities include all aspects of portfolio management as relates to assigned SBA portfolio loans together with structuring loans and cross selling of Bank products and services to Small Business Administration (SBA) eligible small and medium sized businesses.  Additional responsibilities will include the preparation of comprehensive SBA Loan Offering Analyses that evaluate the prospective financing properties, incorporating complex underwriting to include cash flow analysis, project economics and valuation, guarantor analysis, market analysis and recommendation.  The loan analyses include verifying borrower eligibility for SBA financing and in depth knowledge of the SBA regulations and guidelines in order to protect the Bank’s SBA guarantee.  The position requires knowledge of the SBA 7a and 504 products. Assists in the processing of approval memos for loan modifications and verifying that the modifications comply with all SBA Servicing and Liquidation guidelines. This position is considered the most experienced job in the job family.

 

  MAJOR JOB RESPONSIBILITIES

  • Performs portfolio management responsibilities including:
    • Utilizes a strong knowledge of SBA policies and procedures to protect the validity of the SBA guarantee while structuring new SBA loans and servicing/modifying existing SBA loans. 
    • Verify borrower eligibility with all SBA guidelines and regulations
    • Perform initial interviews with customers to explain the SBA products and structure loans
    • Solicits existing portfolio customers in an effort to increase and retain loan volume and cross sell Bank products and services.
    • Transaction negotiation and preparation of SBA Loan Offering Analysis of modifications and new business transactions; facilitates closing of the transaction.
    • Performs continued Delinquency Control.
    • Prepares annual reviews of existing loans to access credit quality and covenant compliance; performs property inspections.
    • Promotes customer relations.
  • Prepares Loan Offering Analyses, which include the following:
    • Credit packages, deal discussions, and initial underwriting
    • Detailed property descriptions and market analysis.      
    • Detailed analysis of financial statements.
    • Project economics, income and expense analysis, tenancy analysis, and property valuations and discounted cash flow models.
    • Construction budget analysis with determination of sources and uses of funds.
    • Borrower and Guarantor analysis.
    • Assess lending risks, clearly identify offsetting mitigates and summarize  recommendations
    • Maintains close liaison with the bank’s attorney to coordinate and attend loan closings.
    • Prepares modification memos for post-closing servicing actions and modifications
    • Works closely with the borrower to resolve any issues that may occur from time to time.      
  • Complete special projects as directed by the department head.
  • Participate in SBA training and webinars

 

SUPERVISORY RESPONSIBILITIES

       None

SKILLS AND TRAINING

  • Strong knowledge and understanding of the SBA SOP, network, procedures, products and overall SBA processes and policies.
  • Comprehensive financial analysis experience.
  • Comprehensive loan analysis experience in respective discipline.
  • Strong verbal, written and analytical skills.
  • Proficient with software programs (Microsoft Word, Excel & Argus), financial analysis programs and discounted cash flow models.
  • Strong customer services skills.
  • Knowledge of current SBA policy, general loan standards, loan review administration and banking/OCC procedures, while being an independent thinker that can maintain the department and portfolio without constant supervision.

 

  EDUCATION

       Bachelor’s degree in Accounting, Finance or Business Administration

 

  WORK EXPERIENCE

       7 or more years of relevant SBA operations experience

 

HAZARDS

The hazards are mainly those present in a normal office setting and those present in commuting locally by car. Occasionally may be exposed to those conditions present in public forums and meeting places.

 

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.


About Provident Bank

For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.

Volunteering is a Way of Life

Our brand promise - “Commitment you can count on” - supports the investments we make in the community and donations made by our employees. It’s a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.

Why do we love it?

  1. We get to volunteer in areas that are meaningful to the bank and impactful in the community.
     
  2. Through generous contributions, we have raised over $28,000 in 2018. No item or donation is too small; we find a home for it all.


Nearest Major Market: New Jersey