SBA Loan Specialist II (US)

Full Time
Mount Laurel, NJ 08054
Posted
Job description

409056BR
Operations & Underwriting
Mount Laurel, NJ
May 11, 2023

Company Overview

About TD Bank, America’s Most Convenient Bank®

TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_US.

TD Bank, America’s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”. To learn more, visit www.td.com.

We offer a competitive salary and benefit program, including: comprehensive, affordable health care through medical, dental, and vision coverage; financial security with life and disability insurance; opportunities to save using health savings and flexible spending accounts; retirement benefits to help prepare for the future; paid time off and work/life benefits to maintain a good balance.

Department Overview

Job Description Summary

The SBA Loan Specialist II is responsible for assisting with SBA loan origination in accordance with Bank policies, procedures, and regulatory requirements, as well as the Standard Operating Procedures of the US Small Business Administration. The job requires knowledge of loan closing requirements, with an interest in researching and applying the requirements of the SBA standards and credit policy for all loan structures and ability to evaluate and execute with some guidance.

Researches within SBA Standard Operating Procedures and credit policy and applies findings to various transactional situations, adhering to both SBA eligibility and bank policy
Assists in managing the SBA loan pipeline from origination through closing in accordance with Bank policies and procedures, as well as SBA Standard Operating Procedures
Reviews documentation submitted to support lending transactions
Orders and reviews searches and other required due diligence
Serves as a SBA point of contact to support departments
Works independently and handles loan disbursements, ensuring all documentation is policy-compliant and adheres to SBA guidelines
Assists in obtaining information needed for loan requirements checklist
Establishes and maintains relationships, as applicable, with Business Development Officers, Credit Management, operations teams and others, as needed
Acts as liaison with Bank Counsel, Compliance Dept, ABL, Derivatives, CREA, and other various parties to the loans, as needed
Assists with collection of all required loan conditions (insurance, collateral, etc.), ensuring that they are sufficient and properly documented in compliance with Bank policy
Ensures deadlines are met
Assists with upload of complete and accurate loan documentation; may follow up for missing information; addresses any exceptions
Partners with Closing Specialist team to ensure that loans are funded and booked accurately and timely
Participates in special projects and performs duties, as required

Requirements

Education & Experience:

4-year degree or equivalent experience required
1-2 years of commercial loan closing experience
Ability to build a working knowledge of SBA, federal and state regulations and UCC and banking regulations
Excellent documentation skills
Excellent knowledge of Banking Systems
Strong verbal and written communication skills
Strong PC skills including Word, Excel, Access and other Microsoft products

  • Must be eligible for employment under regulatory standards applicable to the position.

Hours

40

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach their potential.

If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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