SBA Banking Manager jobs in Rhode Island
SBA Banking Manager manages a team of SBA (Small Business Administration) officers who are responsible for generating SBA loans. Develops and executes business plans aligned with managements objectives and directs the generation of sales opportunities. Being a SBA Banking Manager ensures all SBA eligibility, regulations and underwriting guidelines are followed. Reviews loan quality and oversees process. Additionally, SBA Banking Manager requires a bachelor's degree. Typically reports to top management. The SBA Banking Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a SBA Banking Manager typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)
Recently Added SBA Banking Manager jobs
Business Banking SBA Closer Secondary Markets
- Citizens
-
Johnston, RI
FULL_TIME
-
Description
As the Bus Bkg SBA Closer Secondary Markets, you will review all credit approvals, preparation of internal SBA documents, including the SBA loan authorization, ordering and review of supporting due diligence materials as well as the review and validation of loan documents prepared by outside legal counsel. You will also manage the loan sale process for loans sold on the secondary market, including serving as Citizens' liaison with vendors, secondary market investors, the SBA and their regulatory processor for the bid solicitation and award process, tracking, monitoring and reporting, and secondary market loan sale closing and booking.
Primary Responsibilities Include- Review of credit approval and drafting initial closing checklist requirements for use by internal colleagues and external counsel. Direct external counsel and internal parties through the closing process and resolve issues/discrepancies quickly and efficiently, utilizing judgment to escalate when necessary.
- Solicit and award bids to secondary market bidders, including tracking and reporting on same and acting as liaison with vendors, secondary market bidders/purchasers and the SBA's regulatory agent for secondary market processing.
- Prepare all loan sale documents, including the mathematical calculations required therein.
- Act as liaison with Citizens' Commercial Loan Operations to ensure that all loans are initially booked, sold, and rebooked once sold on the secondary market.
- Perform quality control functions on outside counsel documentation to insure adherence with credit approval and bank policy.
- Maintain tracking and monitoring of loans sold or to be sold in the secondary market, some ad hoc reporting.
- Act as SBA SME for retail underwriting channel on SBA SOP; coordinate interaction with business partners to ensure SBA program integrity.
- Prepare and maintain all procedures for established role, including recommendations for continuous process improvement.
- Serve as Portfolio Management liaison; process loan modification requests on SBA loans; perform all duties necessary to buyback loans from the Secondary Market, including direct interaction with the SBA's fiscal transfer agent and having the loans properly rebooked on Citizens' systems.
- Background in SBA loan closing, servicing and administration requirements
- Software Application knowledge must include: Word, Excel, Outlook, E-tran and CAFS
- Highly motivated and is team-oriented
- Solid communication skills, able to articulate effectively via email and phone communication is essential
- Able to provide exceptional customer service and to effectively communicate with customers, colleagues, and with all
- Strong organizational skills with the ability to manage multiple priorities in a time sensitive environment.
- Able to work in a collaborative team environment
- Ability to learn department computer applications and systems
- Hours per Week: 40
- Work Schedule: 8:30AM - 5:00PM, Monday - Friday
Equal Employment Opportunity
At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.
Equal Employment and Opportunity Employer
Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.
Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth
Posting End Date: 06/24/2024 - 7 Days Ago
Business Banking SBA Closer Secondary Markets
- Citizens Financial Group
-
Johnston, RI
OTHER
- DescriptionAs the Bus Bkg SBA Closer Secondary Markets, you will review all credit approvals, preparation of internal SBA documents, including the SBA loan authorization, ordering and review of suppor...
- 8 Days Ago
Program Analyst (Recovery Coordinator)
- US SBA
-
Providence, RI
FULL_TIME
- You will serve as a Program Analyst (Recovery Coordinator) for the Small Business Administration, Office of Disaster Recovery & Resilience, Field Operations Center East - in Atlanta, GA. This position...
- 7 Days Ago
Business Banking Virtual Relationship Manager
- Citizens
-
Johnston, RI
FULL_TIME
- DescriptionAt Citizens, tailored advice, personalized experiences, and innovative ideas, products, and solutions, are central to helping clients navigate changing circumstances. In this role, you’ll d...
- Just Posted
Business Banking Market Manager - Virtual Channel
- Citizens
-
Johnston, RI
FULL_TIME
- DescriptionThe Business Banking Market Manager - Virtual Channel will manage a team of Relationship Managers responsible for Business Banking customers in the 0-$1MM market. The Market Manager will be...
- 7 Days Ago
AWS Cloud Solutions Architect
- ArcheSys Inc - SBA 8(a) Certified
-
Newport, RI
FULL_TIME
- Archesys is a technology firm specializing in innovative cloud solutions and services for clients across various industries. We pride ourselves on our cutting-edge technologies, exceptional customer s...
- 8 Days Ago
SBA Banking Manager jobs at Popular Companies
About Rhode Island
Rhode Island (/ˌroʊd -/ (listen)), officially the State of Rhode Island and Providence Plantations, is a state in the New England region of the United States. It is the smallest state in area, the seventh least populous, the second most densely populated, and it has the longest official name of any state. Rhode Island is bordered by Connecticut to the west, Massachusetts to the north and east, and the Atlantic Ocean to the south via Rhode Island Sound and Block Island Sound. It also shares a small maritime border with New York. Providence is the state capital and most populous city in Rhode Is...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for SBA Banking Manager jobs
$133,193 to $224,342
Most Popular Cities in Rhode Island for SBA Banking Manager Jobs
What does an SBA Banking Manager do?
SBA Banking Manager in Kennewick, WA
Guaranteed by the Small Business Administration, SBA loans are designed for small businesses.
January 01, 2020
SBA Banking Manager in Schenectady, NY
"It's important to note that SBA lending is only a portion of our total small-business lending, and retail branches are just one of Wells Fargo's delivery channels to serve the lending needs of small business owners," says Jim Seitz, Wells Fargo's communications manager for small business and business banking.
February 11, 2020
SBA Banking Manager in Charleston, SC
One of the best methods for financing a new business or business expansion is an SBA loan.
December 21, 2019