What are the responsibilities and job description for the SBA Account Executive position at CM Group?
POSITION SUMMARY
Responsible for structuring, facilitating approval of, and closing of Small Business Administration (SBA) loans for Magnifi Financial and Ultum Group. This position will work with Magnifi Financial CBOs, SBA referral partners and Ultum Group's clients along with borrowers and internal departments (including but not limited to credit analysts, SBA BDO's, SBA Loan Processors, Doc Prep, and Servicing) to efficiently approve and close SBA loans while providing the best experience to borrowers, clients and referral partners.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Contributes to the overall production, portfolio performance and reputation of Magnifi Financial and Ultum Group while striving to meet or exceed individual goals.
- Oversees the SBA Loan Sales process while maintaining excellent communication between internal staff, borrowers, referral partners and Ultum Lender Service Provider (LSP) clients, as applicable.
o Interviews existing and prospective members applying for medium and moderately complex SBA and other third party sponsored programs loans. Makes decisions within authority and provides recommendations and or referrals when appropriate.
o Reviews financial information with borrowers (concerns, strengths, weaknesses).
o Works with the credit function to complete credit presentations, financial analysis and risk ratings on existing and prospective credits.
o Responsible for preparation of commitment letters and adverse action documentation.
o Performs loan closings with borrowers, ensuring all paperwork is properly completed and complies with legal regulations and the policies of Magnifi Financial and / or Ultum Group Clients.
o Assists the SBA Servicing Department with collections / negotiations on problem member commercial loans.
EDUCATION AND EXPERIENCE
The Benefits
We are committed to investing in our team! Magnifi Financial offers benefits that help everyone achieve their full potential. Full-time employees are eligible for the following benefits (benefits with an asterisk are also available to eligible part-time positions) :
Who We Are :
At Magnifi Financial, we offer a collaborative, friendly environment where we support our employee's growth and development, and create a positive work atmosphere. As a member-owned organization, we are focused on making dreams come true for our members. Our vision is enhancing the lives of members and community through strength, service and growth. Magnifi Financial has grown to more than 85,000 members, $2.4 billion in assets, over 400 employees, and over 25 branch locations throughout Minnesota. But what hasn't changed is our focus on the members and communities we serve.
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
