GENERAL SUMMARYFollowing established policies and department procedures, responsible for screening/interviewing SBA loan applicants, underwriting, closing, and servicing SBA Express, Cap Line, and EWCP, as well as SBA 7(a) , 504 loans and State guarantee program
ESSENTIAL FUNCTIONS- Screening and Loan Pre-Qualification
- Conduct thorough initial assessments of SBA loan applicants, including evaluating their eligibility based on SBA and bank guidelines.
- Perform necessary field visits to gather firsthand knowledge of applicants' businesses and operations.
- Financial Analysis and Documentation
- Collect and analyze detailed financial statements, including income statements, balance sheets, and cash flow projections.
- Spread financial statements into the bank's financial analysis software to evaluate creditworthiness.
- Review and verify supporting documents, such as credit reports, appraisals, business plans, and personal guarantees.
- Loan Underwriting and Approval Presentation
- Prepare comprehensive SBA loan credit presentations (CCRs) that outline the risk analysis, loan structure, and repayment capacity.
- Present loan recommendations to the bank's internal credit committee for approval, ensuring compliance with SBA policies and SOP 50 10 requirements.
- Loan Packaging and Submission
- Prepare detailed SBA loan packages, ensuring all required documentation and certifications are included.
- Submit complete packages to the respective US SBA Department for approval, maintaining open communication to address any follow-up requests.
- Portfolio Management
- Monitor and manage a portfolio of SBA loans, ensuring timely repayments, adherence to covenants, and resolution of any delinquencies.
- Identify potential risk exposures within the portfolio and recommend proactive solutions to mitigate risks.
- Loan Servicing and Closing Support
- Analyze and prepare SBA loan servicing requests, such as modifications, deferments, or extensions, in accordance with bank and SBA guidelines.
- Collaborate with the loan closing team to ensure timely and accurate loan disbursements while adhering to SBA requirements.
- Customer Relationship and Collections
- Maintain ongoing communication with borrowers to provide guidance and support throughout the loan lifecycle.
- Contact customers for payment collection and proactively address any potential repayment issues to minimize delinquencies.
QUALIFICATIONSRequired Qualifications
- Bachelor's degree in business, Finance, Accounting, Economics, or related field, or equivalent work experience.
- Strong analytical, communication, and organizational skills.
- Ability to analyze financial statements and cash flow.
- Ability to manage multiple assignments and meet deadlines.
- Proficiency in Microsoft Office applications.
Preferred Qualifications (Not Required) - Previous SBA lending, underwriting, commercial lending, or credit analysis experience.
- Knowledge of SBA 7(a), SBA Express, SBA 504, or SBLGP programs.
- Experience with commercial real estate and business lending.
- Familiarity with loan origination systems and banking operations.
- Bilingual skills (English, Mandarin, or Cantonese) are a plus.
OTHER DETAILSAVP: $87,900 - $100,100 / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Cathay Bank offers its
full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
