The Bancorp Bank

  • AVP Loan Disbursement Officer II

    Job Location US-NC-Raleigh
    Type
    Regular Full-Time
  • Overview

    Perform all loan post close funding and construction management for all SBA clients.

    Responsibilities

    • Responsible for the administration and compliance associated with SBA and Conventional real estate construction leasehold construction, franchise and non- franchise disbursements.
    • Provide the central point of communication to coordinate all processing/construction and non-construction post closing administration and funding. Provide professional level of communication to borrowers, sales team, lenders and internal team members.
    • Provide for the accurate reporting of all loan updates and status changes within bank’s loan processing, servicing platform systems.
    • Coordinate for the review and approval of all funding needs to streamline timely funding to borrowers. Use the systems for specific tracking conditions within loan systems.
    • Perform SBA and Commercial Construction review and approval of disbursement documentation required for full compliance with SBA, 7(a), 504 and USDA loans. Use appropriate checklists and file system tools. Prepare and release weekly checklist, appropriate letters and communications to manage and direct the funding/construction management process.
    • Prepare and deliver letters of engagement and instructions to third party vendors to coordinate and manage the projects in construction as well as non-construction funding needs in accordance with banks/SBA standards for compliance, documentation audit, submission and control.
    • Manage the approval to completion of the SBA loan authorization, title commitments, UCC searches and all CIP, OFAC, documentation for accuracy compliance and acceptability for SBA Guarantee and bank compliance with regulators.
    • Manage all aspects of the funding process including audit, reconcile or document the equity requirements for SBA / Bank compliance.
    • Work with team members and third party providers and clients to fund all loans.
    • Prepare and document all funding requirements for compliance with funding requirements, loan conditions and compliance with internal bank controls (bank documents, for funding, boarding and approval requirements).
    • Comply with general accounting requirements for funding, loan records and post close conditions.
    • Close out of documentation needed for Tickler maintenance, utilizing proper codes, worksheets and tracking systems.
    • Maintain file compliance including accurate utilization of Banks Scan system, electronic shared system and hard file stored management
    • Work to maintain current knowledge of the SBA loan program, current banking and regulatory compliance matters. Attend or complete all required training for subject matters deemed applicable to position.
    • Perform other related duties as assigned.

    Qualifications

    Education/Experience:

    • An undergraduate degree in a related field or an equivalent combination of training and experience.
    • A minimum of 3-5 years related experience in SBA/Loan Closing/documentation
    • Paralegal certificate and 1 years’ experience plus SBA preferred

     

    Other Qualifications:

    • Strong working knowledge of SBA and commercial loan documentation
    • Strong working knowledge of SOP 50-10, loan packaging, documentation and closing training from NAGGL
    • Strong working knowledge of Funding process-SBA compliance and documentation requirements
    • General understanding of construction preferred
    • Excellent verbal, written, and interpersonal communication skills
    • Business or general accounting skills preferred
    • A team player able to work effectively in a team fostered, multi-tasking environment
    • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook
    • Knowledge of computer loan systems, e.g. Pro Loan documentation software, and loan documentation software

    Employment with The Bancorp requires passing a background check that includes credit, criminal, OFAC, education and prior employment.

    The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

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