Position Overview: Seeking detail-oriented, self-starter with experience closing and servicing commercial loans. Individual should enjoy working in team setting and prioritize efficiency and process improvement in all areas of work. Significant on-the-job training available for individuals who demonstrate ability to learn quickly and interest in taking ownership of job responsibilities. Position may grow to include responsibility to supervise other employees.
Work with small businesses and OSDC Loan Officers to complete servicing actions for existing SBA 504 and Ohio 166 loans. Includes analysis of financial statements, preparation of memos in support of proposed action, and preparation of legal documents to amend existing loan requirements
Complete annual risk rating for SBA 504 and Ohio 166 loans
Coordinate closing of SBA 504 and Ohio 166 loans, working with small businesses and OSDC legal counsel. Process includes collection of documents from lending partners and borrowers, analysis of financial statements, preparation of legal documents, and meeting with borrowers to explain documents and obtain signatures.
Prepare and process collateral release documentation for paid in full loans.
Oversee routine servicing of existing SBA 504 and Ohio 166 loan portfolios, including collection of annual financial statements, insurance certifications, etc.
When necessary, make recommendations to OSDC and SBA on liquidation of SBA 504 loans
Provide written and oral reports to OSDC Executive Director and OSDC Board of Directors on status of portfolio and problem loans
Develop process improvements where applicable and implement with colleagues. e.g. preparing reports on existing loan portfolio, streamlining closing process, improving document retention processes, etc.
Five years of experience in commercial lending OR bachelor’s degree in finance, accounting, business administration, or related field
Good written & verbal communication skills, including experience in preparing letters and other correspondence
Computer skills including use of Microsoft Office Suite and Adobe software systems. Advanced proficiency in Microsoft Excel a plus.
Strong organization skills and the ability to work with detailed documentation
Financial underwriting experience preferred
Knowledge of SBA Standard Operating Procedures a plus
Experience reading, preparing, and executing loan documents a plus
Management experience a plus
Registered Public Notary a plus
About Ohio Statewide Development Corporation
Dynamic, self-sufficient, non-profit organization. Small business commercial real estate & equipment lending, in partnership with private lenders. Administrator of SBA 504 Loan Program and Ohio Regional 166 Loan Program.