SBA & USDA Portfolio Manager

SBA & USDA Portfolio Manager – To $100K – Hybrid Remote (Tampa) – Job # 3419

The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & San Antonio, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

Our client is seeking to fill a Hybrid Remote SBA & USDA Portfolio Manager role in the Tampa, FL area. This position is responsible for the Portfolio Management (servicing/monitoring/workouts/liquidation) of the SBA & USDA loans pre/post closing, SBA & USDA reporting, Credit Analysis & Annual Reviews of Credit Memo and on-going servicing (to include draw requests/disbursements, construction monitoring, update Credit Memo/Addendum, submitting packages to the SBA to Repurchase Guaranty, working with the Special Assets Dept/SAD).

This position comes with a generous salary of up to $100K and a full benefits package. (This is a hybrid remote remote position)

• Review the Closing Pipeline Report (nCino) to determine assignments (provide a Closing Checklist to Closer to meet “Conditions” of Closing/SBA Authorization and update Credit Memo (Addendum) if needed
• On-going monitoring of “construction” loans/portfolio to ensure that the loan proceeds are disbursed per the Credit Memo/SBA Authorization (prepare Credit Memo Addendum if re-allocation is needed), get CLO/committee approval if loan amount must be increased to meet construction overruns that exceed “contingency” proceeds.
• Maintain nCino for reporting/construction monitoring/loan proceed disbursements/servicing & liquidation (SAD must be involved)
• Prepare SBA Form 1149-Liquidation Transcript for Repurchase 7a (and USDA) Guaranty, work directly with the SBA/USDA Repurchase/Liquidation & Servicing offices
• Manage and update the USDA Reporting, work with SBA/USDA Loan Servicing Specialist (ensure that the USDA Annual Fee is billed/collected from the Borrower and remitted to the USDA)
• Order Appraisals to update collateral values (LTV) as needed for construction after C.O., and liquidation analysis (work with SAD) – prepare the Credit Memo Addendum to present to CLO/committee
• Work directly with the SBA, SAD and attorney to provide documentation for workouts & liquidations
• Prepare and submit all Notices to the borrower, SAD, SBA, USDA, attorney
• Work directly with Special Assets/SAD & each Regional Manager/CLO to provide progress reports, and get approvals if needed.
• Prepare and monitor the SBA Watch List for all SBA/USDA loans that do not meet the minimum DSC, prepare Annual Review Report/Credit Memo Addendum for approval to “down-grade” the loan.
• Review all Loan Modifications (deferments, collateral releases, exceptions), submit requests for the appropriate approvals (CLO, loan committee, SBA/USDA, secondary market investor)
• Review Cash Injection and Use of Proceeds disbursement spreadsheets to meet SBA and USDA requirements
• Review fully funded loans for documentation exceptions
• Create/Prepare a Documentation Checklist for each file, prepare spreadsheet for missing documents, and contact the borrower to collect the documents to complete the credit file
• Establish loan tickler for annual review requirements (per SBA SOP and USDA)
• Track member compliance with loan covenants, including quarterly and/or annual documentation requests for underwriting.
• Maintain SBA 10-Tab Credit File (Loan Servicing Specialist will assist)

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• Strong…