What are the responsibilities and job description for the SBA Loan Operations Specialist position at First Savings Bank?
First Savings Financial Group, Inc. is the holding company for First Savings Bank. First Savings Bank has sixteen offices in the Indiana communities of Clarksville, Jeffersonville, Sellersburg, New Albany, Georgetown, Corydon, Lanesville, English, Leavenworth, Marengo, Montgomery, Odon and Salem. Our mission is to create a higher quality of life for our customers, our employees, our community and our shareholders. We are committed to building customer relationships, conducting business with integrity, providing the best customer service and we count on our employees to deliver that outstanding service. We encourage an environment that supports teamwork, collaboration and cooperation. Career opportunities are available to individuals who want to be a part of our continued success and we value a diverse workforce. We also provide an excellent benefit package.
Equal Opportunity Employer Minorities, Women, Disabilities, Veterans
Perform a critical role in support of the Loan Operations Department, specifically dedicated to SBA Lending. Responsible for the accurate processing of loan transactions, payments and disbursements, documents and reporting.
May perform any or all of these functions:
- Loan boarding: Manual input and verification of all closed SBA loans to Bank operating platform. This includes building all borrower and guarantor account setup, including CIP and OFAC verifications.
- Daily balancing of SBA related General Ledger accounts (Loans in Process, Tax Service Fees).
- May assist with items related to multiple disbursement spreadsheet and account billing questions.
- Processing, posting and managing SBA loan customer payments including balance verification.
- May release appropriate collateral.
- Manages all loan related ACH transactions
- Maintains properly documented loan information and collateral in bank systems, where applicable.
- Upon appropriate approval, performs operational tasks including account maintenance, maintenance of customer files and documentation related to all SBA loans.
- Work with reports as needed.
- Develop and maintain close working relationship with all internal departments.
- Assist with special projects as needed.
- Setting up Participation loans with Investor purchases.
- Monitor escrow accounts
- Maintain escrow deposit accounting
- SBA 1502 reporting (preparation and remittance of 1502 reports and settlement with Colson Services and participants)
- Responsible for training of others as requested.
- Carries out other duties as may be assigned or requested.
- Responsible for compliance with all regulations pertaining to job function.
Job Requirements:
- Minimum of High school diploma or equivalent
- Strong attention to detail
- At least 2 years commercial loan operations experience (specific SBA loan operations experience is preferred, but not required)
- Flexibility and adaptability
- Strong collaboration skills
- An ability to problem solve and think proactively
- Excellent technical and computing skills, including proficiency in the following:
- Microsoft Office – Word, Outlook, Excel
- Phoenix Operating Platform (preferred, but not required)
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Paid time off
- Tuition reimbursement
- Vision insurance
Schedule:
- Monday to Friday
Education:
- High school or equivalent (Preferred)
Experience:
- SBA Lending: 2 years (Required)
- 1502 Reporting: 2 years (Required)
Work Location: In person
