Employment Type : Full-Time
Description The Small Business Administration (SBA) Loan Closer/Secondary Market Specialist role plays an integral role in the execution of new loans at Citizens Bank. Under the supervision of an experienced SBA manager, this role involves thorough and organized review of all credit approvals, preparation of internal SBA documents, including the SBA loan authorization, ordering and review of supporting due diligence materials as well as the review and validation of loan documents prepared by outside legal counsel. This position will also manage the loan sale process for loans sold on the secondary market, including serving as the bank's liaison with vendors, secondary market investors, the SBA and their regulatory processor for the bid solicitation and award process, tracking, monitoring and reporting, and secondary market loan sale closing and booking. This position requires an thorough understanding of the various SBA forms and requirements. Additional requirements involve the external correspondence with third parties in order to facilitate the placement of loans with external parties. The position requires independent judgment calls as well as routine decision making in close consultation with the immediate supervisor and the ability to prioritize. The Specialist is responsible for ensuring that initial loan booking, as well as secondary market loan booking is completed in a thorough and accurate manner, in adherence to defined procedures. Organization, attention to detail, and efficiency are key requirements in order to perform the day to day responsibilities in an accurate and timely fashion. While the nature of the work follows a repetitive path, every transaction is unique. The ability to learn and understand the requirements of a transaction with assistance as necessary is a critical aspect of the role. Previous work experience in a loan servicing role, together with extensive experience in commercial loan documentation is critical for the successful execution of the role. The Specialist will interact with Relationship Managers as well as underwriters, portfolio managers and other internal support departments, as well as external vendors and attorneys. This position will require multi-tasking and cross training within the department. Primary responsibilities include: Qualifications Required skills/experience: Preferred skills/experience: Education: Hours & Work Schedule Hours per Week: 40 Work Schedule: 8:30AM - 5:00PM, Monday - Friday Why Work with Us At Citizens, you’ll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth. Equal Employment Opportunity It is the policy of Citizens Bank and Citizens Securities, Inc. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws. Equal Opportunity & Affirmative Action Employer Disabled/Veteran Citizens Bank is a brand name of Citizens Bank, N.A.