SBA Loan Officer

Title:  SBA Loan Officer

Job Overview: 

1^st Financial Bank USA (“1FBUSA”), a full-service community bank located in South Dakota, and its wholly-owned subsidiary, Builder Finance Inc. (“BFI”), a lender serving home builders and rental property investors from coast-to-coast, is looking to hire a motivated commercial lender to help build and expand the Bank’s existing credit offerings through his or her knowledge of the U.S. Small Business Administration (“SBA”) loan guaranty programs.  The ideal candidate will have knowledge in all facets of the SBA loan guaranty programs, including, originating, underwriting, packaging, closing, and servicing of the loans.  A successful hire will be an individual who identifies as a self-starter with a drive to succeed. 

The SBA Loan Officer will work with management to expand its portfolio of quality loans to existing and new customers through the utilization of SBA’s 7(a) loan programs.  Through collaboration with the other lending teams at the Bank, this role will be integral in the creation and implementation of policies and processes surrounding the delivery of government guaranty lending program offerings to the Bank’s customers. Existing lending teams will work closely with the SBA Loan Officer to facilitate successful loan closings.  The Bank intends to continue growing the SBA lending team as the portfolio grows, allowing the SBA Loan Officer to prioritize originations.

 Qualifications:

Applicants must have experience with SBA lending and a thorough understanding of the SBA’s Standard Operating Procedures (“SOP”). The ideal candidate will demonstrate the ability to work well within a small, collegial team. Preferred additional qualities include entrepreneurial ambition, self-reliant work ethic, adaptable, great attention to detail, and a “commercial” disposition.  

Essential Job Functions: 

Underwriting:

• Responsible for ensuring that the Bank remains in compliance with the SBA’s SOP as well as internal lending policies and procedures.
• Responsible for document requests from, and interviews with, prospective borrowers 
• Analyze financial statements, perform cash flow analysis, review other business and      industry data, review collateral availability, and review strength and experience of guarantors in order to determine credit worthiness and SBA eligibility
• Responsible for compiling the loan request, identifying strengths and weaknesses   of credit, and presenting the loan request to the credit committee. 
• Responsible for the ordering of 3^rd party reports
• Perform appropriate UCC searches to ensure priority lien

 Packaging:

• Preparation and execution of all relevant SBA documents
• Uploading and submission of the completed application documents to the SBA
• Addressing any and all SBA concerns or questions on submitted files
• Responsibility adhering to conditions in the SBA Authorization

 Closing and Servicing:

• Coordination with 3^rd party vendors on the preparation of the appropriate closing documents
• Coordination with borrower on closing
• Ensuring the recording/perfection of relevant liens
• Managing 1502 Reporting Requirements
• Set up and maintain tickler to ensure ongoing loan conditions are adhered to, including; relevant inspections and draws, ensuring appropriate insurances are maintained, annual collection and review of financials, loan modifications, and Colson Reporting

Compensation is generous and commensurate with experience.

Experience: At least 3 years doing SBA lending

Education:  Bachelor’s degree with a preferred 3.5 GPA or better

We provide a highly competitive and comprehensive compensation and benefits program including affordable medical/dental/vision insurance, generous paid leave program, 401(k), health savings account, tuition reimbursement, financial childcare assistance and much more!

1st Financial Bank USA is an EO employer - M / F / Vets / Disabled.