SBA Closer & Construction Specialist

SBA Closer & Construction Specialist - Full-Time (40 Hrs/Wk)

Location: Remote - United States

Employee Type: FT Regular Exempt

We know what you're thinking. "What kind of name is Incredible Bank?"

Well, we're glad you asked.

With a name like Incredible Bank, we have a lot to live up to. Our name is a promise we make every day to our customers and to our team members (and hey, that could be you!). A promise that we strive to be incredible in everything we do. A promise that will help our customers, fellow team members, and our communities to do the incredible.

At Incredible Bank, we're all about ICE. What's ICE? ICE stands for Incredible Customer Experience™ (that's right - an experience so good and so important we trademarked it). ICE illustrates the core values that drive everything we do – how we conduct business, how we treat each other, and how we continuously strive to build on our model of customer‑focused banking.

Our core values have been in place for more than 50 years and continue to influence every aspect of our operation today.

So – how can you help us live up to our name?

We are eager to discuss the prospect of you joining our team as our next incredible team member!

This position allows you to partner with other team members and key stakeholders to provide Incredible Customer Experiences of your own! Duties and responsibilities may include:

• The SBA Closer & Construction Specialist manages loan processing, closing, and construction monitoring with full ownership for guaranty‑risk mitigation, regulatory interpretation, and complex structural decisions that protect both the SBA guaranty and the bank's risk exposure.
• Ensure SBA 7(a) loans are closed in full compliance with federal and state regulations, SBA Standard Operating Procedures, and bank policies.
• Coordinate with borrowers, brokers, and business banking officers to obtain required SBA documentation, negotiating complex documentation variances and resolving high‑risk issues impacting guaranty eligibility or lien perfection.
• Collaborate with business banking officers and underwriters to identify and resolve issues that may impact SBA guaranty eligibility or delay processing proactively addressing compliance or structural concerns before closing.
• Order, collect, and review closing documentation, including title work, insurance, collateral descriptions, UCC searches, invoices, and bills of sale and negotiate changes with legal counsel, title partners, or counter parties to ensure enforce ability and risk mitigation.
• Coordinate loan closings and funding disbursements with title companies, escrow agents, and legal counsel to ensure proper execution, receipt of funds, and lien perfection.
• Lead or coordinate pre- and post‑closing QA reviews owning exception root‑cause analysis and corrective‑action plans with measurable targets.
• Administer all commercial and residential construction draws, ensuring disbursements are processed accurately and timely including heightened oversight for high‑risk, over‑budget, or delayed projects.
• Approve general contractors and maintain the bank's approved contractor list to support sound contractor vetting and risk management practices.
• Order and coordinate inspections and foundation surveys to verify construction progress and confirm compliance with approved plans; analyze inspection variances and implement corrective actions or funding holds as required.
• Verify that required construction related insurance coverage including Builders Risk, General Liability, Workers' Compensation is in force and enforce mid‑project compliance checks with cure timelines and escalation paths.
• Prepare monthly construction status reports and provide ongoing updates to management and key partners regarding project progress, risks, and emerging issues.
• Support the development, documentation, and ongoing maintenance of department procedures and lead process‑reengineering initiatives, control enhancements, and policy revisions to reduce exception rates and cycle times.
• Participate in ongoing SBA training and education to remain current on SBA program changes, SOP updates, and regulatory guidance, ensuring practices…