AVP, SBA Loan Officer

GENERAL SUMMARY

Following established policies and department procedures, responsible for screening/interviewing SBA loan applicants, underwriting, closing, and servicing SBA Express, Cap Line, and EWCP, as well as SBA 7(a) and 504 loans.

ESSENTIAL FUNCTIONS

• Screening and Loan Pre-Qualification
  
  
  
  
  • Conduct thorough initial assessments of SBA loan applicants, including evaluating their eligibility based on SBA and bank guidelines.
  • Perform necessary field visits to gather firsthand knowledge of applicants' businesses and operations.
  
  
  
  
• Financial Analysis and Documentation
  
  
  
  
  • Collect and analyze detailed financial statements, including income statements, balance sheets, and cash flow projections.
  • Spread financial statements into the bank's financial analysis software to evaluate creditworthiness.
  • Review and verify supporting documents, such as credit reports, appraisals, business plans, and personal guarantees.
  
  
  
  
• Loan Underwriting and Approval Presentation
  
  
  
  
  • Prepare comprehensive SBA loan credit presentations (CCRs) that outline the risk analysis, loan structure, and repayment capacity.
  • Present loan recommendations to the bank's internal credit committee for approval, ensuring compliance with SBA policies and SOP 50 10 requirements.
  
  
  
  
• Loan Packaging and Submission
  
  
  
  
  • Prepare detailed SBA loan packages, ensuring all required documentation and certifications are included.
  • Submit complete packages to the respective US SBA Department for approval, maintaining open communication to address any follow-up requests.
  
  
  
  
• Portfolio Management
  
  
  
  
  • Monitor and manage a portfolio of SBA loans, ensuring timely repayments, adherence to covenants, and resolution of any delinquencies.
  • Identify potential risk exposures within the portfolio and recommend proactive solutions to mitigate risks.
  
  
  
  
• Loan Servicing and Closing Support
  
  
  
  
  • Analyze and prepare SBA loan servicing requests, such as modifications, deferments, or extensions, in accordance with bank and SBA guidelines.
  • Collaborate with the loan closing team to ensure timely and accurate loan disbursements while adhering to SBA requirements.
  
  
  
  
• Customer Relationship and Collections
  
  
  
  
  • Maintain ongoing communication with borrowers to provide guidance and support throughout the loan lifecycle.
  • Contact customers for payment collection and proactively address any potential repayment issues to minimize delinquencies.
  
  
  
  

QUALIFICATIONS

• Education: College degree in accounting, finance, or business preferred but not mandatory.
• Experience: 4 - 6 years of experience in SBA Lending (7a, 504, SBA Express, EWCP)
• Skills/Ability: PC proficient (Word, Excel) and detail oriented. Strong verbal and written communication skills. Bilingual in English/Chinese is a plus. Knowledge of SOP 50 10 and SBA packaging.

OTHER DETAILS

$75K - $98K / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We believe in diversity, equity, and inclusion in the workplace. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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