VP & SBA Operations Officer III

At Open Bank, we pride ourselves on being different and OPEN to new ideas and opportunities for our clients and employees. We celebrate innovation, diversity, teamwork, excellence, and integrity. We are an equal opportunity employer and offer a competitive compensation and benefits package to recruit, retain, and reward top talent.

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Job Title: VP & SBA Operations Officer III

Department: SBA Loan Center

We are looking for a VP & SBA Operations Officer III to join our team. The ideal candidate will work independently with third-party vendors such as title companies, escrow companies, and attorneys, while working on multiple projects simultaneously; managing time and resources to ensure work is completed efficiently and within established timeframes. The VP & SBA Operations Officer III will be responsible for providing ongoing support to the SBA Loan Center in processing and servicing SBA loans by preparing and reviewing SBA loan application and packaging forms.

Key Responsibilities:

• Review loan files for conditions of approval and follow through to obtain proper and complete documentation.
• Review preliminary title reports for acceptable exceptions and request payoff-demands.
• Review all collateral documents along with any underwriting conditions submitted in the loan package to verify completeness and accuracy in accordance with all policies and procedure requirements.
• Prepare, review, and process PLP loan application for SBA approval.
• Manage and maintain the loan portfolio via the Bank’s tickler tracking system to ensure proper recorded documentation, insurance, UCC filings, and covenant and compliance of financials and tax returns.
• Prepare 1086 (Colson Forms) and send to the Secondary Market Investor, coordinate with Secondary Market and Note Department for wire and booking of sales.
• Provide regulatory agencies with all requested information and/or statistics on loans files under your responsibility.
• Keep informed of policies, practices, regulations, and laws as applicable to your function.

Requirements/Qualifications:

• Minimum five years of experience in lending required.
• Ability to retain a broad knowledge of tasks performed in the lending functions.
• Ability to analyze and organize financial information and perform complex financial calculations.
• Present a professional image in dealing with customers, interdepartmental, and external representatives.
• Ability to retain broad knowledge of lending tasks, lending regulation, lien laws, and loan documentation.
• Excellent verbal and written communication skills.
• Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
• Ability to respond effectively to the most sensitive inquiries or client complaints.
• Accurate typing/keyboarding skills; basic computer skills, including the use of word processing, spreadsheet software applications, core banking process systems, e-mail and online banking programs.
• Good analytical skills including the ability to define problems, collect data, establish facts, and draw conclusions.
• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• Strong analytical skills with a thorough understanding of lending operations and client needs.

Employee Benefits & Perks

• Medical, Dental, & Vision: Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members.
• Life, Accidental Death & Dismemberment, & Long-Term Disability: Open Bank pays 100% of the cost.
• Flexible Spending Account (FSA): Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
• 401(k) Retirement Savings Plan: Open Bank matches 100% of the first 6% of employees' contributions.
• Paid Time Off (PTO): Employees begin to accrue PTO hours at the time of hire.
• Employee Assistance Program (EAP): The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
• Company Paid Lunch: Open Bank provides company-paid lunch twice a week.