The SBA Portfolio Manager is responsible for consistently underwriting safe and sound loans that are in compliance with the Bank’s underwriting standards, NAGGL and all applicable state and federal laws, rules and regulations. The position ensures the needs of a borrower are met by underwriting the appropriate type of loan which matches long term objectives; maintains compliance regulatory guidelines; accurately assesses the potential risk of loan applicants; ensures all applications are complete, accurate, appropriately documented, and fall within applicable Bank policies and procedures; and attains proper approvals. Provides a high level of service to customers and co-workers, thereby ensuring loans are underwritten in a competitive and expedient manner.
Works closely with business development officer to complete the underwriting of the loan application to include the analysis of the applicant’s financial status, credit and property evaluation to determine if the loan requests meet the Bank’s and the SBA’s lending criteria.
Evaluates the sources of repayment on loan requests and completes corresponding analysis.
Ability to analyze financial statements, perform tax analysis and determine cash flows.
Has a strong understanding of Bank policies and procedures as well as SBA standards and SOP’s.
Develops expertise in the use of Bank software and systems.
Assembles, collects and verifies accuracy of documentation needed for booking sound and safe loans.
Contributes to the Bank's profitability by making small business loans which meet the Bank’s standards for economic value and safety.
Contributes to the Bank's favorable image in the community by carrying out loan activities in a manner promoting customer goodwill.
Submits the loan package to Credit Administration to secure approval. Works closely with credit administration staff and provides additional as requested about each loan package presented for approval.
Reinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees.
Underwrites safe and sound loans in an expedient manner through a review process of analyzing and evaluating income, assets, liabilities, and property; carefully assesses and evaluates the risk of financing requests within the framework of the Bank’s credit culture and current economic and industry trends; maintains compliance with various regulatory guidelines; reviews self-employed, corporate and partnership tax returns, profit and loss, as well as financial statements to ascertain borrowers’ income; ensures loans are in compliance with the Bank’s underwriting standards and all applicable state and federal laws, rules and regulations.
Provides customized underwriting services as directed by Credit Administration for specific investors.
Reviews and corrects potential problems during the loan approval process, such as issues related to credit history, nonconforming appraisals, policy exceptions, etc.
Develops and maintains an advanced knowledge of financial industry, economy, market conditions, rates, vendors and competition; remains informed of trends and developments in local market and changes to regulations governing private and government issued mortgages; assimilates new government regulations and applies this knowledge to improve and maintain quality and consistent underwriting.
Responds to inquiries or refers inquiries to the appropriate department or person, and exhibits the necessary follow through with customers and/or staff involved.
Consistently applies superior decision making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.
Assumes responsibility for special projects; gathers data and prepares reports for Credit Administration, audits and other personnel.
Bachelor’s degree (BA) or equivalent from a 4 year college or university; 4-5 related experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of SBA underwriting duties with a financial institution background. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
Advanced level of work experience, knowledge and training in all SBA loan servicing activities and terminology, including SBA Standard Operating Procedures (SOP).
Advanced knowledge of related state and federal banking compliance regulations, and other Bank lending policies.
Intermediate knowledge of general office practices; proficient secretarial skills typically resulting from a combination of education in computer operation and several years of experience in administrative or secretarial positions.
Proficient skills in computer terminal and personal computer operation; host computer system; and word processing, spreadsheet and specialty lending software programs.
Intermediate typing skills to meet production needs of the position.
Intermediate math skills; calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
Effective verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees.
Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
Effective organizational and time management skills.
Ability to work with minimal supervision while performing duties.
-Bank paid life/short and long term disability insurance
-Pet Insurance discounts
-Auto/Home Insurance discounts
-10 paid holidays
-401K Plan with Bank match/ Bank stocks
-Paid Time Off
First Choice Bank is an Equal Opportunity/Affirmative Action Employer, M/F/D/V. First Choice Bank is fully committed to the principle of equal opportunity and diversity. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity & gender expression, status as a protected veteran, or disability or any characteristic protected by law.
Note: This preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Come Join Our Team!
2 openings. Telecommuting is allowed.
Additional Salary Information: Exempt, Salary
About First Choice Bank
First Choice Bank, headquartered in Cerritos, California is a community focused financial institution serving diverse consumers and commercial clients and specializing in loans to small businesses, Commercial and Industrial (C&I) loans and commercial real estate loans with a niche in providing finance for the hospitality industry. The bank is a Preferred Small Business Administration (SBA) Lender.
Founded in 2005, First Choice Bank has quickly become a leading provider of financial services that enable our customers to grow, maintain strength, and reach unprecedented levels of success. With a majority of our founders being first generation immigrants, our vision is to provide flexible solutions to Southern California's underserved communities. We surpass our clients' expectations through our efficiency and professionalism and are committed to being "First in Speed, Service, and Solutions."