Fifth Third Bancorp

Senior SBA Eligibility Coordinator

Fifth Third Bancorp$71K — $145K *
US-AnywhereRemote in United States
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, finance or economics, or equivalent experience
  • Minimum 5 years of packaging and closing experience in the SBA industry
  • Extensive knowledge of SBA regulations
  • Proficient in Microsoft Word and Excel

Responsibilities

  • Coordinate approval and closing of complex SBA loans including 7a, Express, and 504 programs
  • Assist in policy formation for minimizing guaranty repairs and denials
  • Collaborate with partners to improve loan processing efficiencies
  • Provide training on SBA lending products to internal teams
  • Approve loans for SBA agency approval within PLP authority
  • Interface with borrowers to secure loan terms agreement
  • Ensure compliance with SBA program requirements and internal policies

Benefits

  • Comprehensive benefits programs supporting physical, financial, emotional, and social well-being
  • Opportunities for differentiated compensation and incentive plans
  • Recognition for employee contributions to customer and community improvement
Full Job Description
Sr. SBA Eligibility Coordinator is responsible for coordinating the approval and closing of larger, more complex SBA and other government guaranteed loans, including SBA 7a, Express, & 504 programs, USDA, and certain state collateral enhancement programs (SSBCI). The Sr. SBA Eligibility Coordinator shall ensure assigned loans are processed in accordance with established policies and procedures including but not limited to packaging proposed credit requests for agency (SBA) approval, loan closing and funding, and maintaining well organized loan files for internal and external audits. Prepares documentation required for the processing of SBA loans, reviews status of assigned loans to ensure progress is made on a timely basis, and assists SBA Specialists in loan closings. Maintains the U.S. Small Business Loan Portfolio for the Bank, including reporting requirements to specific agencies. Responsible for the collection of required borrower information and packaging the loans to conform with U.S. Small Business Administration standard operating procedures as well as with the Bank's policies and regulatory compliance, all within established timelines. Be an educational resource for Financial Center Managers and Business Banking Relationship Managers concerning all aspects of the SBA Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types. ESSENTIAL DUTIES & RESPONSIBILITIES: Supports the SBA lending Specialist Team Lead in the processing of SBA loans for agency (SBA) approval and loan closing for larger, more complex loans. Assist the SBA Lending Specialist Team Lead in forming policies and procedures for approving and closing SBA loans in order to minimize the risk of guaranty repairs and denials within the portfolio. Collaborate with internal partners to identify areas of improvement and loan process efficiencies in order to make recommendations to the SBA Manager. Provide periodic training to internal partners such as Middle Office on SBA and alternative lending products. Approve assigned loans for agency (SBA) approval within designated PLP authority, as well as loans assigned to GGL Loan Utilize LOB Playbook to be a trusted advisor to our clients resulting in strong client experience (internally and externally) retention/penetration and One Bank execution. Interface directly with borrowers who have been approved for SBA loans and secure customer acceptance of terms and conditions. Assist SBA 7A Loan Coordinator team members with technical assistance as it relates to program eligibility, compliance with policies and procedures, and closing and funding loans. Reviews and approves documentation submitted by the customer for compliance with SBA program requirements such as equity injections, verification of eligible use of loan proceeds such as SBA refinancing rules, lease agreements and landlord waivers, and other eligibility requirements. Completes all requirements of application packaging and closing requirements for assigned loans, including preparation, review, documentation and filing. Responsible for the preparation of the SBA Authorization on loans approved within the Bank's PLP authority, as well as ensuring all Authorization requirements have been met prior to loan closing. Coordinates the packaging and approval of SBA and other government guaranteed loans in conformance with SBA, USDA, and state specific standard operating procedures. Ensures assigned loans are closed and funded according to SBA guidelines as well as Bank's internal loan policies. Ensures that loans are processed according to outlined procedures for 1502 reporting. Ensures proper payment of guaranty fee to the U.S. SBA. Develops a working knowledge of all customers, businesses, and prospect opportunities. Responsible for all SBA loan document preparation including third party document coordination, completion and review. Collects and reviews all required collateral information. Maintain reporting on assigned loans regarding loan status, actions taken in loan processing, outstanding items needed for approval and/or loan closing, while offering solutions to clear obstacles in loan processing to meet customer deadlines. Other duties as assigned. SUPERVISORY RESPONSIBILITIES: None MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: Bachelor's degree in accounting, finance or economics or equivalent experience. Minimum 5 years of packaging and closing experience in the SBA industry. Extensive knowledge of the SBA (Small Business Administration) regulations. Proficient in basic software applications such as Microsoft Word and Excel. #LI-EC1 Senior SBA Eligibility Coordinator Total Base Pay Range 71,100.00 - 145,900.00 USD Annual At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day. The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance. Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. LOCATION -- Virtual, Ohio 00000 Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

About Fifth Third Bancorp

Fifth Third Bancorp is a diversified financial services company, that specializes in small business, retail banking, investments, and mortgage.

Fifth Third Bancorp Careers

Join the vibrant team at Fifth Third Bancorp, a leading financial services company that values innovation, leadership, and diversity. As part of our commitment to professional growth and excellence, we offer a range of job opportunities that empower you to advance your career while contributing to the financial success of our clients. Work You’ll Do At Fifth Third Bancorp, you’ll be part of a culture that cherishes innovation and strategic thinking. Our team is dedicated to providing outstanding financial solutions to individuals and businesses alike. By joining us, you will collaborate with some of the industry’s most talented professionals, using your skills to influence positive change and drive efficiency. Explore a variety of career paths in areas such as finance, technology, customer service, and risk management. Whether you are looking for a full-time position, an internship, or leadership roles, Fifth Third Bancorp offers a dynamic environment where your career can flourish. Innovative Work Engage in projects that harness cutting-edge technology and innovative financial practices. At Fifth Third Bancorp, your work will directly impact our mission to improve lives and contribute to the economic stability of the communities we serve. Our team’s collaborative efforts lead to groundbreaking solutions, setting new standards in the financial industry. Be Part of a Great Team Fifth Third Bancorp is not just a company; it’s a community. Here, diversity and inclusion are at the core of our employment philosophy, ensuring every team member’s voice is heard and valued. We offer diversity training programs that enhance our understanding and appreciation of various perspectives, fostering an inclusive workplace. Future-Proof Your Career With Fifth Third Bancorp, you are set on a path of continuous professional development. Benefit from comprehensive benefits, mentorship, and networking opportunities that propel your career forward. Our leadership is committed to your success, providing support and guidance as you navigate through your career milestones. Stay Connected Join Our Team Discover the array of job opportunities at Fifth Third Bancorp by exploring positions that match your skills and interests. We are constantly hiring creative, curious, and motivated individuals who are ready to make a significant impact. Check out our current openings and find where you fit into our exceptional team. Keep Up to Date Stay informed with the latest career tips, industry insights, and professional growth opportunities available at Fifth Third Bancorp. Our careers blog is a resource for potential and current employees, offering valuable information to enhance your work experience and expand your knowledge base. Job Alert Emails Customize your experience by subscribing to receive job alerts, news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities waiting for you at Fifth Third Bancorp. At Fifth Third Bancorp, we are more than just a bank. We are a place where careers are nurtured, achievements are celebrated, and diversity is embraced. Are you ready to take the next step in your professional journey? Join us and be part of something great.
Learn more about Fifth Third Bancorp
Size
19,247 employees
Market Cap
$22.3 billion
Industry
Net Income
$1.4 billion
Founded
1858
5 Year Trend
+4.4%
NASDAQ

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