Portfolio Officer, Vsba

Who We Are:
VelocitySBA is one of the top SBA lenders in the country, with Preferred Lender status from the US Small Business Administration. As a nationwide lender, VelocitySBA specializes in providing fast, efficient SBA financing to small businesses across the country for almost all business capital needs including commercial real estate, business acquisition, equipment, working capital, and debt refinance.
What's in it for You:
VelocitySBA is one of the fastest growing SBA lending institutions in the country and is actively seeking motivated individuals interested in a career in business finance. Areas of opportunity include sales/business development, underwriting, closing, servicing, marketing and more as our organization very actively implements our national growth strategy. VelocitySBA offers distinctly a team culture that is more synergistic and collaborative than typical for financial institutions, creating a stimulating and enjoyable workplace environment. Candidates joining the VelocitySBA team can expect professional development and growth working alongside the best SBA professionals in the industry.
What You'll Do:
The Portfolio Officer's primary responsibility is to manage and monitor the loan portfolio throughout the life of the loan after loan disbursement. The Portfolio Officer requires detailed knowledge of SBA servicing and administration policies, procedures, and compliance. VelocitySBA is seeking for an individual with minimum of 4-6 years in SBA loan management.
Job Duties:

• Communicate with borrowers to monitor loan risk ratings and recommend any necessary actions.
• Prepare post-closing memorandums. Notes all communications, including communication attempts in loan core system.
• Communicate with team members for any issues identified during annual review or post-closing processing.
• Monitors reports on customer communications, email bounce backs & other covenant tracking tools.
• Monitors status of customers covenants, including insurance coverage, financial statements, real estate property tax tracking, and follow up communications, including with agents, borrowers and guarantors through email, mail, and any contact phone numbers.
• Complete Servicing Action requests, working with the customer, preparing memos for approval, and obtaining due diligence items.
• Complete annual reviews by preparing memos and financial/ credit reviews.
• Tickler tracking and monitoring for financial and other tickler item requirements.
• Prepares monthly appropriate reports and participates in monthly Portfolio Management reviews.
• Back up to Servicing Manager
• Performs all duties within the constraints of all applicable Federal, State, and local laws. Follow VelocitySBA and the U.S. Small Business Administration Policies and Procedures.
• Assist with preparation of portfolio excel reports, tables and pivots, power point presentations, Board presentations and other excel portfolio management tables/tools and reports.
• Ability to work with and operate in Spark and PCFS/Loan Manager platforms.
• Ability to work with cash flow spreading and basic credit analysis & assessments.

Skills and Qualifications:

• Bachelor's Degree
• Minimum of 2-5 years' experience in SBA 7(a) lending,
• Ability to work in a fast-paced, customer service-oriented environment.
• Attention to detail, emphasis on accuracy and strong sense of urgency.
• Strong problem-solving, mathematical, and analytical skills
• Possess basic team coordination, mentoring, training and managerial support type skills.
• Ability to communicate effectively with customers, as well as upward, downward & across the organization.
• Proficient in Microsoft Office suite, strong overall keyboarding, computer, internet application skills
• PCFS Loan Manager experience
• Ability to work with excel, PowerPoint and Financial Spreading in Spark
• Abilities to perform basic credit assessments and analysis.

Compensation:

• $85,000-$125,000/year depending on experience

This job description is intended to describe the general nature, complexity and level of work to be performed by employees assigned to this position, and is not to be construed as an exhaustive list of responsibilities, duties and/or skills required. It does not prescribe or restrict the work that may be assigned. Furthermore, this does not establish a contract for employment and is subject to change at the discretion of the company.
Velocity Vehicle Group is an equal opportunity employer. Velocity Vehicle Group prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.
Other details

• Job Family USA Professional
• Job Function Finance & Accounting
• Pay Type Salary
• Min Hiring Rate $85,000.00
• Max Hiring Rate $125,000.00

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