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We are looking for an experienced SBA Portfolio Operations Manager to oversee the effective management of our SBA loan portfolio. This role, located in Twin Cities, involves ensuring the financial health of the organization through detailed monitoring, servicing, and reporting of loans. The ideal candidate will excel in analyzing requests, developing efficient processes, and collaborating with stakeholders to maintain high standards of portfolio management.
Job Responsibility:
Conduct regular site visits to monitor existing loan portfolios and collaborate with customers, attorneys, bankers, and insurance agents
Manage routine portfolio tasks such as tracking insurance payments, real estate taxes, and bank balances, while coordinating efforts with internal team members
Develop and maintain internal systems to document portfolio activities, ensuring deadlines are consistently met
Create and implement reporting structures for portfolio management, providing quarterly updates and highlighting areas of concern
Maintain a comprehensive database of loan information, ensuring it aligns with organizational needs
Address customer inquiries regarding loan modifications, assumptions, subordination, and release of collateral
Analyze and document servicing requests, ensuring timely follow-up and resolution through effective monitoring systems
Lead efforts to resolve problem loan situations, working closely with borrowers, banks, legal counsel, and other stakeholders under the direction of senior leadership
Communicate with customers and relevant parties to address questions and resolve issues related to loan servicing
Monitor late payments, technical defaults, and other key indicators, maintaining a watchlist to ensure timely and high-quality servicing
Requirements:
Bachelor’s degree in Business or a related field from an accredited institution is preferred
Minimum of 3-5 years of detail-oriented experience, ideally in commercial real estate, banking, accounting, or finance
Proficiency in loan administration, including SBA 504 and SBA 7(a) lending processes
Solid understanding of commercial lending and bank operations
Experience with loan servicing and portfolio management
Strong analytical and problem-solving skills, with the ability to handle complex servicing requests
Excellent communication and interpersonal skills for collaboration with diverse stakeholders
Ability to manage multiple priorities and meet deadlines in a fast-paced environment