What are the responsibilities and job description for the SBA Senior Loan Closing Specialist position at Truliant Federal Credit Union?

Truliant’s mission is to improve lives by putting our members first, providing great service and straightforward financial solutions. Our core values of Member Focus, Service, Guidance, Relationships, and Community define how we interact with members to fulfill our mission of improving lives and providing a foundation on which we conduct ourselves.

Our Promise to Our Teammates : Truliant strives to provide all teammates with an enjoyable place to work where they feel valued, empowered and rewarded for all that they do.

Purpose of the Job

The SBA Senior Loan Closing Specialist is responsible for finalizing funding for small businesses through the Small Business Administration (SBA) loan program. The SBA Senior Loan Closing Specialist ensures a smooth and compliant closing process by handling all the essential tasks from loan approval to disbursement.

Essential Functions and Responsibilities

Prepares and meticulously reviews all closing documents for SBA loans, guaranteeing accuracy and adherence to both bank policies and SBA regulations. This includes loan agreements, security documents, and various disclosures.
Acts as the central point of contact, effectively communicating with borrowers, lenders, loan officers, attorneys, and other parties involved in the closing. You'll keep everyone informed and ensure they understand their roles and deadlines.
Verifies borrower information and meticulously ensure the bank's liens on collateral are properly filed and secured according to SBA guidelines. This may involve title searches, UCC filings, and other verifications.
Oversees the entire SBA loan closing process, from gathering and verifying all necessary documentation to scheduling and conducting the closing itself. This involves ensuring all requirements are met for a smooth and timely closing.
Maintains a strong understanding of various SBA loan programs, particularly those offered by your bank (e.g., 7(a), 504). This knowledge is crucial for identifying program-specific requirements and ensuring adherence to SBA regulations.
Stays up-to-date on and ensure adherence to all regulatory requirements related to SBA loans, including those set by the bank and the SBA itself.
Proactively identifies and addresses any potential issues that may arise during the closing process.

Other Duties and Responsibilities

Assists with other tasks and projects as assigned.

Knowledge, Skills, and Abilities

Must have in-depth knowledge of SBA loan programs, particularly those offered by your bank.

Must have in-depth knowledge and understanding of SBA loan closing requirements with a comprehensive knowledge of federal and state regulations

Must have an excellent understanding of title reports, lien searches, lease documentation, equity injection, and acquisition documentation

Must have excellent analytical and problem-solving skills

Must be proficient in Microsoft Office Suite and loan processing software (e.g., Loan origination systems like NCino, AFSVision).

Must possess excellent English communication skills, both verbal and written, along with strong interpersonal abilities to engage professionally with diverse stakeholders

Must have ability to understand all business processes within the credit union

Must have excellent organizational skills, adept at managing multiple tasks and deadlines effectively, along with being resourceful, well-organized, and demonstrating a strong attention to detail and accuracy

Must be able to participate in all required SBA and Bank compliance training (including but not limited to NAGGL, Bank Secrecy Act, etc.), as well as Company annual meetings. Lead training if needed.

Must be able to work in a fast-paced and dynamic general office environment

Must be flexible and able to shift resources and priorities as required

Must have the ability to coordinate diverse tasks simultaneously within stringent time frames

Should possess a strong commitment to providing excellent service to Truliant’s members

Physical Requirements

Occasional standing, walking, bending, and stooping required

Must be able to sit at a desk for long periods of time and use a computer

Must be able to moderately lift or move up to 5 pounds and occasionally lift or move up to 10 pounds

Education and Background

Bachelor's degree in finance, business administration, or a related field or 5-10 years of SBA closing experience required

Prior experience with loan closings, preferably in a commercial lending environment required

Previous Audit or compliance experience preferred

If you have a passion for member service and would like to invest in a meaningful career with opportunity for growth, we encourage you to apply to Truliant!

As a member of the Truliant family, you will enjoy the following full time benefits :

No-cost employee Medical, dental, vision coverage

Prescription benefits (including mail order)

Paid holidays and Paid Time Off (PTO)

401(k) plan with contribution matching

Paid community involvement volunteers hours

Paid group life Insurance

Teammate loan discounts

Tuition reimbursement

Short and long-term disability

Health & Wellness program

Teledoc (physician video conferencing)

Onsite fitness facilities or health club reimbursement

Employee Assistance Program (EAP)

Medical flexible spending account

Dependent care flexible spending account

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SBA Senior Loan Closing Specialist

What are the responsibilities and job description for the SBA Senior Loan Closing Specialist position at Truliant Federal Credit Union?

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