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SBA Servicing Officer

Commonwealth Business Bank
Los Angeles, CA Full Time
POSTED ON 1/20/2025
AVAILABLE BEFORE 3/19/2025

POSITION OVERVIEW

Responsibilities include performing servicing request and monitoring of existing loans including tickler follow up.


POSITION RESPONSIBILITIES

  • Responsible for conducting post-closing audits to comply with loan authorizations
  • Ensures financial statements, tax returns, recorded documents, and UCC ticklers are current and properly maintained
  • Responsible for follow up on delinquent loan accounts
  • Handles all servicing requests (including, but not limited to: deferments, collateral substitutions, restructures and assumptions) requested by a borrower
  • Collects and analyzes annual financial information from clients
  • Monitors loans for possible risk rating changes.  
  • Monitors classified loans on a quarterly basis using Special Attention Credit reports
  • Follow up for renewal insurance policies
  • Performs various other duties assigned by the department supervisor
  • Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti-Money Laundering, Code of Conduct, and etc.).  Must complete all required training

 

SKILLS / QUALIFICATIONS

  • Familiarity with SBA and/or USDA lending
  • Well-developed written and oral communication skills
  • Detail oriented, good problem solving and negotiating skills are required to overcome obstacles and drive the closing process to meet deadlines
  • Ability to read and interpret complex commercial loan documents
  • Ability to deal effectively and tactfully with all types of customers

 

 EDUCATION / EXPERIENCE

  • Bachelor’s Degree from an accredited 4-year University
  • 3-5 years of commercial/SBA loan related experience


We offer a competitive total rewards package, including but not limited to Medical, Dental, Vision, and Life Insurance, 401k retirement savings plan, and paid federal holidays, for this full-time position within the annual range of $60,000 - $80,000. Annual ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.

Must be authorized to work in the US.

We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.

Salary : $60,000 - $80,000

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