Job Description
Job Title - Department
Commercial Closing SBA Portfolio Officer - Loan Doc & Funding Control
Location
This position is 100% remote within the Bank's footprint. Employee will work full time remote outside of a WesBanco location (may occasionally attend in person meetings, although primary functions of the role are performed remotely).
Market
Central OH
Work Hours per Week
37.5
Requirements
* High school diploma or General Education Degree (GED) is required. Bachelor's Degree in Business Administration, Accounting or Finance is a plus.
* Minimum of 3 years of commercial banking or related experience required.
* SBA Loan documentation, packaging or underwriting experience preferred.
* Prior loan closing or lending experience a plus.
Job Description
SUMMARY:
This position is directly responsible for the integrity of the loan closing, due diligence and documentation for Commercial and Business Banking Loans with enhancements by the U.S. Small Business Administration ("SBA") per SBA Standard Operating Procedures and WesBanco Credit Policy guidelines.
CUSTOMER SERVICE SKILLS:
* Willingness to provide a level of service which will clearly differentiate us from our competitors.
INTERPERSONAL SKILLS:
* Possess clear, concise, and effective written and oral communication skills to effectively express thoughts, ideas and concepts.
* Demonstrate confidence, assertiveness, professionalism and ability to interact with internal and external clients.
* Attention to critical details to properly identify potential issues and manage the resolution of those issues.
* Excellent organizational skills.
* Ability to work independently on multiple tasks without compromising quality.
* Excellent interpersonal and written communication skills.
* Effective organizational skills and promptness.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
* Coordinates closing portfolio of commercial and business banking SBA loans while managing sound risk and credit management practices that are consistent with the Bank's Credit Policy and SBA Standard Operating Procedures.
* Maintains an expert knowledge on SBA and WesBanco commercial loan documentation and SBA and WesBanco policies and procedures.
* Serves as a project manager to facilitate and drives the closing for Commercial and Small (SBU) Banking SBA Loans.
* Performs training and mentoring for future SBA staff members, as applicable.
* Coaches and mentors others while maintaining individual production and a high level of accuracy.
* Ensures the loan structure and terms, due diligence, documentation, and loan booking and closing files conform to the SBA Loan Authorization, credit approval and bank policies, the requirements for the market to close are detailed, and to identify and appropriately mitigate any exceptions when they exist.
* Maintains a fluent understanding of policies and procedures as they relate to the commercial lending function, and a comprehensive knowledge of applicable state and federal regulations applicable to the work being performed.
* Maintains working knowledge of commercial lending and SBA standards, banking laws and regulations, and bank credit policies and procedures as they relate to business and/or commercial banking.
* Accurately enters information and upload documents in the SBA or workflow systems, Capitalstream, or other computer software utilized by the department.
* Works with other departments within the bank to ensure that all required information has been obtained per SBA Standard Operating Procedures and the SBA Loan Authorization. Review due diligence items such as title commitments, flood determinations, insurance and other pre-closing items, and coordinates the review of such.
* Coordinates closing portfolio of SBA commercial loans while managing sound risk and credit management practices that are consistent with the bank's Credit Policy.
* Addresses potential risks and adverse situations that could affect the Bank's interest and makes recommendations to department manager as to the appropriate corrective actions.
* Ascertains that all necessary documentation has been gathered and completed and all preconditions to closing have been met. Ensures that the appropriate approval authority has been obtained prior to closing.
* Has the authority to release loans for closing based on a review of the loan approval, loan documentation including adequate insurance coverage, lien searches and confirmation that loan documents were prepared in accordance with the SBA and bank policies and procedures.
OTHER REQUIREMENTS:
* Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing. You will also be expected to complete all assigned compliance training in a timely manner.
* MS Office, including Word, Excel and Outlook.
* Prior experience with LaserPro, SBA, or similar loan documentation software is preferred.
WesBanco is an Equal Opportunity, AA Employer. EOE/Minority/Female/Disabled/Veteran
