VP, SBA Loan Officer
Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.
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GENERAL SUMMARY
Following established policies and department procedures, responsible for screening/interviewing SBA loan applicants, underwriting and servicing SBA Express, Cap Line, and EWCP, as well as SBA 7(a) and 504 loans.
ESSENTIAL FUNCTIONS
- Screen and interview SBA loan applicants and make necessary field visits.
- Collect and spread financial statements, review credit reports, appraisals and other required documents.
- Underwrite and present SBA loan CCR for Bank approval.
- Prepare and submit SBA loan packages to respective SBA Officers for approval.
- Respond and follow up on SBA District officers questions and requests.
- Monitor and manage loan portfolio.
- Analyze and prepare loan servicing requests on time to time basis.
- Contact customer for payment collection.
QUALIFICATIONS
- Education: College degree in accounting, finance, or business preferred but not mandatory.
- Experience: Minimum 6+ years of experience in SBA Lending (7a, 504, SBA Express, EWCP)
- Skills/Ability: PC proficient (Word, Excel) and detail oriented. Strong verbal and written communication skills. Bilingual in English/Chinese is a plus. Knowledge in SOP 50 10 and SBA packaging.
OTHER DETAILS
$110K - $125K / year
Pay determined based on job-related knowledge, skills, experience, and location.
Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We believe in diversity, equity, and inclusion in the workplace. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
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